How Coop Pank Implemented Disclosure Management to Cut Public Financial Reporting Costs by 30%

Category: ESEF Reporting

How Coop Pank Implemented Disclosure Management to Cut Public Financial Reporting Costs by 30%
coop pank

Coop Pank is a universal bank in Estonia, owned by Estonian consumer co-operatives and their customers, serving a broad retail and corporate client base through a wide range of financial services including retail banking, mortgages, and lending.

As the company went public in 2019, the reporting complexity across their annual, interim and ESEF disclosures in Estonian and English significantly increased. Their existing spreadsheet-based workflow and manual Excel-to-Word data import were proving to be inefficient, impacting reporting timelines, and data transparency.

To address this, Coop Pank implemented IRIS CARBON® Disclosure Management to centralize its public financial reporting process. This helped automate their data flow, improve consistency, reduce manual effort, and strengthen coordination between finance and audit teams.

Learn How Coop Pank:

  • Achieved a 30% reduction in operational costs for public financial reporting by reducing manual work and rework across reporting cycles.
  • Accelerated reporting timelines, enabling faster turnaround for complex annual and interim reports.
  • Improved audit readiness through better data consistency, ESEF tagging accuracy, and automated validation checks.
  • Saved approximately 20-30% of public financial reporting preparation time by automating Excel-to-Word data transfers.

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