Board Financial Consolidation

Board FC (financial consolidation and reporting software) enables companies to perform both legal and management consolidation within a single, integrated Business Intelligence and Corporate Performance Management environment, providing a deep insight into financial and operational results.

Incorporating a range of financial consolidation tools, Board FC addresses the challenges that multi-entity organizations face today with intercompany eliminations, consolidation adjustments, and group reporting, making it easy to manage the entire financial consolidation process and undertake the consolidation of financial statements quickly and efficiently.

Next-level financial consolidation software

Replacing the time-consuming, manual tasks traditionally associated with the financial consolidation process, Board Financial Consolidation enables companies to perform both legal and management consolidation within a single, specially designed solution. Featuring embedded Business Intelligence and Corporate Performance Management capabilities, Board delivers deep insight into financial and operational results and greatly improves the speed and efficiency of all your financial consolidation activities.

Key Features:

Legal and management multi-level consolidation of complex group structures, with automation of:

Currency conversion with calculation of Conversion Reserve
Intercompany eliminations of Credits/Debits and Expenses/Revenues
Elimination of Investments in subsidiaries and subsidiaries Net Equity, with calculation of Consolidation Reserve
Elimination of dividends and subsidiaries Gain/Loss, with calculation of group Gain/Loss
Calculation of changes in consolidation scope
Cash-flow calculation and reporting
I/C reconciliation at transaction document or currency level
Flat and Sub-consolidation model
Creation and comparison of unlimited scenarios (Actual, Budget, Forecast, etc.)
Multiple and customizable closing periods (Year, Quarter, Month, etc.)
Management of multiple Charts of Accounts: Local, Group and Reporting
Journal entries at Company and Group Level
Full data and process auditability
Statutory, Management and Segment Reporting

Discover more here: https://www.board.com/en/finance/financial-consolidation