Case Study: The Kraft Heinz Company standardizes multi-entity reporting with Workiva

The Kraft Heinz Company rolls interim reporting forward in 2-3 hours with Workiva

The Kraft Heinz Company, a global food and beverage producer, faced challenges with its manual and disconnected statutory reporting processes for its 187 international entities. This lack of standardization led to inconsistent outputs, time-consuming reviews, and difficulties with secure translations. To address this, the company turned to vendor Workiva and its platform to establish a standardized multi-entity financial reporting process.

By implementing the Workiva platform, Kraft Heinz gained a standardized process that significantly increased data consistency and saved the reporting team substantial time. The solution provided easy oversight for reviewers, built-in translation capabilities for global collaboration, and simplified compliance with requirements like ESEF. Workiva delivered measurable impact, with one manager reporting that a task previously taking one to two days was reduced to just two to three hours.

The Kraft Heinz Company