Case Study

Month-End Closing Procedures Shortened with Automated Deviations Analysis and Commenting Solution

Month-End Closing Procedures Shortened with Automated Deviations Analysis and Commenting Solution

Pages 3 Pages

KNIME AG helped Deutsche Telekom automate and shorten their month-end closing procedures by developing an end-to-end workflow that collects data from multiple sources, calculates deviations, and generates automatic comments for controllers. This automation eliminated manual, error-prone tasks and enabled controllers to quickly access meaningful reports with pre-filled analyses, allowing them to focus on adding insights instead of data gathering. The KNIME platform’s visual programming and ease of use allowed the digitalization team to create the solution independently in just three months, significantly improving efficiency and accuracy during the busy closing period.

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