BOARD

BOARD Financial Consolidation & Budgeting

BOARD allows you to combine the planning and budgeting route with forecasting, reporting, and consolidating – efficiently supporting performances with corporate planning vision. BOARD’s multi-dimensional planning abilities provide workflow, security, audit trails, and versioning instruments, enhancing the controllability and efficacy of the whole process.

An Overview of BOARD

Additionally, BOARD’s financial consolidation capabilities address the challenges that organizations face today with intercompany reconciliations, consolidation adjustments, and group reporting. Easily merge data from distinct locations and across numerous general ledgers, while performing multi-currency conversions and eliminating time consuming spreadsheet-based processes.

BOARD Toolkit Application Overview

BOARD allows the formation and management of situations while engaging multi-dimensional simulations, where the impact of future events is automatically spread to every level of data aggregation. A Workflow Control Panel makes monitoring and managing the consolidation process across the whole organization easy, while highlighting the operations status and certifying internal controls.

Some more features of BOARD include:

Financial Consolidation

• Formation and comparison of unlimited scenarios (Actual, Budget, Forecast, etc)
• Multi-level consolidation of complex group structures, automating the following:
  • Currency conversions
  • Investments
  • Intercompany transactions (payables, receivables)
  • Intercompany elimination
  • Calculations of changes in consolidation scope