Scan Magazine, Issue 103, August 2017

Page 86

Scan Magazine  |  Special Theme  |  Danish FinTech Special

Claus Finderup Grove.

Konsolidator makes complicated accounting easy “There simply must be an easier way to do this!” This sentence roamed around Claus Finderup Grove’s mind for years while he was working as chief financial officer, handling accounts for companies large and small. As a result, he jumped into an exciting business venture with a certified public accountant from an esteemed corporation to create a whole new solution. By Mette Hindkjær Madsen  |  Photos: Konsolidator

They wanted to make the accounting they had been scratching their heads over for years significantly easier for others in the same position – so they teamed up with a third partner with IT development and finance skills in order to develop the ideal solution Finderup Grove had been missing for so long. “It can’t be right that there is no solution that combines the good and the fast without costing a fortune. We thought, ‘it must be possible’. So, we put our minds to coming up with the utopia we were looking for,” says CEO and co-founder Finderup Grove. A year and a half later, Konsolidator was set up to present a solution to help CFOs all over the world. The tool consolidates a company’s accounts and prepares different types of reports to understand the numbers. It is particularly interesting for 86  |  Issue 103  |  August 2017

companies that struggle with their accounts in endless Excel sheets.

Good + fast + cheap = utopia

The founders of Konsolidator truly know what they are talking about, as they have worked in multiple organisations with the exact problem they are now solving. “Our clients are extremely good with Excel; that’s not the problem. But when a company gets five subsidiaries or more, the consolidation becomes increasingly complex and it takes a massive amount of work and time to solve it in Excel. The quality becomes an issue, which we see at the implementation stage, where we have experienced that more than 50 per cent of the consolidated accounts contain errors,” Finderup Grove explains. Before Konsolidator came along, the answer to that problem was to buy expensive solutions with a high degree of dependen-

cy of consultants. Thus, the vision of the Danish company is uncompromising. “We want to help CFOs all around the world by offering a solution that is good, cheap and fast. Utopia!” Finderup Grove affirms. Konsolidator helps clients set up the solution within a week. From there, the system works smoothly on a subscription basis. With a high-quality solution that is both fast and affordable, it is no surprise that companies are beyond happy.


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