Vilkyskiu Pienine Achieves Significant Efficiency Gains in Financial Reporting with IRIS CARBON®
Vilkyskiu Pienine, one of Lithuania’s leading dairy producers, wanted to modernize their financial reporting process to overcome manual inefficiencies and meet regulatory timelines. By partnering with IRIS CARBON®, they significantly improved their reporting speed accuracy, and compliance.
Business Challenges
As regulatory demands grew and expectations for timely, accurate reporting intensified, Vilkyskiu Pienine recognized the need for a smarter approach. By rethinking their financial reporting strategy, they aimed to enhance efficiency, improve data accuracy, and meet compliance standards with confidence.
Streamlining Data Consolidation
Accelerating Reporting Timelines
Minimizing Manual Data Errors
Vilkyskiu Pienine Reporting Goals
Automate Financial Data Aggregation
Eliminate manual, error-prone tagging processes. Ensure consistent and accurate XBRL compliance. Reduce the time and resources spent on tagging.
Ensure Data Integrity and Compliance
Accelerate the entire financial reporting cycle. Meet strict regulatory deadlines with ease. Improve efficiency by reducing manual intervention.
Shorten Financial Reporting Cycles
Centralize data from various sources into a single, unified platform. Improve data accuracy and consistency through automated validation. Simplify data retrieval and analysis for reporting purposes.
Improve Accuracy and Compliance
Minimize the risk of errors and non-compliance through automated processes. Ensure adherence to evolving regulatory requirements. Enhance the reliability and credibility of financial reports.
The IRIS CARBON® Way
Automated Data Collection and Consolidation
Seamlessly import data from Excel for faster, error-free reporting.
Centralized Financial Reporting Platform
One integrated platform for report authoring, reviewing, and publishing.
Enhanced Team Collaboration and Review
Custom workflows designed to boost efficiency and teamwork.
Robust Data Validation and Audit Trails
Ensure accuracy with built-in checks and traceability.
Real-time Reporting and Dashboards
Live updates and insights with intuitive dashboards.
Seamless Integration with Existing Systems
Easily connect with your current tools and data sources.
Customizable Reporting Templates
Ready-to-use templates tailored to your reporting needs.
Improved Compliance and Accuracy
Stay compliant while reducing errors and administrative burden.
“Our collaboration with IRIS Carbon® Disclosure Management has revolutionized our filing procedures with a seamless and collaborative workflow. Their outstanding 24/7 support team promptly addresses any challenges, and their user-friendly interface and automation capabilities ensure accurate and reliable results. The empowering solutions offered by IRIS Carbon® have significantly improved our efficiency and productivity, resulting in a remarkable 20% reduction in reporting time and we look forward to continuing our successful partnership with them.”
Vilma Černiauskienė
Economist
Vilkyškių pieninė AB, Vilkyškiai
Vilma Černiauskienė
Economist
Vilkyškių pieninė AB, Vilkyškiai
Results Achieved
Vilkyskiu Pienine’s financial reporting team was extremely satisfied with IRIS CARBON®’s seamless, intuitive, and user-friendly Disclosure Management platform. It significantly shortened their reporting cycles, cut down operational costs, and improved compliance readiness with greater data accuracy.
- Achieved Substantial Time Savings in Reporting Cycles
- Reduced Manual Effort and Operational Costs
- Enhanced Data Accuracy and Compliance Standards
