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In the Financial Consolidation area, BOARD integrates its Toolkit Approach with BOARD FC, a
packaged solution that natively meet all
statutory and management requirements.
BOARD FC addresses the challenges that multi-entity organizations face today with intercompany reconciliations, consolidation adjustments
and group reporting.
Turn-key functionality merges data from different locations and across multiple general ledgers, performing multi-currency conversions and
eliminating time consuming and non compliant spreadsheet based processes.
A Workflow Control Panel makes it easy to monitor and manage the consolidation process across the whole enterprise, highlighting the
operations status and certifying internal controls.
Key features
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Legal and management multi-level consolidation of complex group structures, with automation of:
- Currency conversion with exchange rate difference calculation
- Investments (Holding company) / Equity (Subsidiaries)
- Intercompany transactions (receivables/payables, expenses/revenues)
- Dividends and tax credit on dividends elimination
- Mark up on inventory
- I/C profits on assets disposals
- Write off / revaluation on investments
- Consolidation difference allocation (goodwill / badwill)
- Minority interest calculation
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Creation and comparison of unlimited scenarios (Actual, Budget, Forecast, etc.)
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Multiple and customizable closing periods (Year, Quarter, Month, etc.)
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Journal entries at company and group level
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Multilanguage
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