Automating financial consolidation with Konsolidator
Konsolidator: The right choice
ESPABROK chose Konsolidator because it provides exactly what they need: a powerful and efficient tool that automates financial consolidation and enhances reporting for its partners.
The need for a Financial Consolidation Solution
As the business expanded, manual consolidation in Excel became increasingly challenging, prompting the group to seek an efficient and automated solution.
A leading name in Insurance Brokerage in Spain
ESPABROK Correduría de Seguros S.A. is a mediation company founded in 1989 by a distinguished group of professional insurance brokerages operating across the country.
Today, ESPABROK represents the interests of more than 100 brokerages, with a network of over 200 offices, 500 employees, and a portfolio of more than one million clients.
ESPABROK operates through multiple independent companies that require a detailed consolidation process for reporting to its Board of Directors.
Key benefits of Konsolidator for ESPABROK
One of the main advantages highlighted by ESPABROK is Konsolidator’s ease of use. “Navigation is very intuitive and straightforward,” they say. Moreover, the tool has significantly reduced the time required for financial consolidation. Previously, the process took approximately six hours, assuming there were no discrepancies. With Konsolidator, ESPABROK has reduced this time by 75%, ensuring that the information is precise and reliable.
Another key benefit is the structure of the report generated by Konsolidator, which perfectly aligns with the group’s current needs while allowing for future scalability as the company evolves.
Guided implementation and ongoing support
The adoption process for Konsolidator was smooth, thanks to structured training and follow-up meetings that enabled the team to maximize the platform’s potential from day one. “They guided us every step of the way, ensuring we understood all functionalities and optimized our processes,” says Ana Isabel.
Integration with Sage50: a simple and efficient process
ESPABROK uses Sage50 as its ERP, which operates through a remote server. Although there is currently no direct integration, the consolidation process remains efficient due to the ease of exporting data in Excel format. “It is really quick and easy; we only need to export an Excel file from each company and upload it into Konsolidator,” explains Ana Isabel.
A more efficient financial future
Thanks to Konsolidator, ESPABROK has optimized its financial consolidation process, achieving greater efficiency and security. With less time spent preparing reports, the finance team can focus on strategic analysis and business growth, ensuring a more agile and effective financial management.
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