|
IAS, IFRS, Basel II, and Sarbanes-Oxley are just some of the better-known
examples of the increasing burden of regulatory compliance.
In every sector, organizations are under pressure to satisfy new laws and
regulations.
Not only are there more rules; the rules are stricter and the penalties for
failing to comply are more severe. On the other hand, organizations often have a
fragmented approach to performance management that makes it difficult to combine
financial and non-financial data in a unified and consistent manner.
The challenge is to implement a comprehensive CPM approach which would bring
together various performance management and regulatory initiatives, providing a
single version of the truth at all management levels for all types of
information.
BOARD offers the structure required to comprehend the full scope of the
compliance challenge. With BOARD, everything is there to create the proper
controls for basic information processing and production, as well as more
complex controls to aggregate and integrate crucial information. All these
capabilities are available through a single and integrated framework. Thanks to
its unique all-in-one environment, BOARD makes possible a broad CPM approach to
improve governance and performance management, while at the same time addressing
compliance requirements.
Key features
|
•
|
Single integrated framework for support, control and management of Performance
Management processes including ABC, profitability analysis planning, budgeting,
forecasting, reporting, and score-carding |
|
• |
Single version of the truth ensuring data accuracy and consistency |
|
•
|
Complete process management including workflow, audit trail, versioning and
status control |
|
•
|
Ad-hoc and managed reporting |
|
•
|
Drill-through and ad-hoc queries to provide detail and transparency behind the
numbers |
|
|