Finance

Financial consolidation at the click of a button

Achieve accurate group reporting, fast closing, and complete financial control in a single platform

Sample of Financial Consolidation Software Screen
The screen shows an example of Financial Consolidation Application built with Board

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.

Sample of Financial Consolidation Software Screen
The screen shows an example of Financial Consolidation Application built with Board
  • Automate your consolidation process

    Turnkey functionality merges data from different locations and multiple general ledgers automatically, eliminating time-consuming and non-compliant spreadsheet-based processes and dramatically reducing the length of the close cycle

  • Enable effortless multi-currency conversion

    Different currencies are instantly converted with calculation of a Conversion Reserve, enabling you to start analyzing your performance faster

  • Achieve process standardization and control

    A workflow control panel makes it easy to monitor and manage all of the steps involved in the consolidation of financial statements across the whole enterprise, highlighting the operations status and certifying internal controls

  • Gain full auditability of activities

    The in-built workflow functionality enables you to provide an audit report on consolidated financial statements thanks to full data and process auditability, meaning you can be assured that activities are fully traceable

  • Link consolidated data with planning and analysis

    Unified Business Intelligence and Corporate Performance Management functionality enables consolidated financial statements to be analyzed in detail and used as the basis for future planning and data modeling activities

Everything you need for effective financial consolidation

Automate the multi-level consolidation of complex group structures and support Statutory, Management, and Segment reporting in a single solution

Currency conversation with calculation of Conversion Reserve

Intercompany eliminations of Credits/Debits and Expenses/Revenues

Elimination of Investments in subsidiaries and 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 models

Creation and comparison of unlimited scenarios (Actual, Budget, Forecast, etc.)

Multiple customizable closing periods (Year, Quarter, Month, etc.)

Management of multiple Charts of Accounts (Local, Group, and Reporting)

Journal entries at Company and Group level

Used by leading organizations to consolidate multi-entity data
Customer success story: Laerdal
We are absolutely sure that the consolidated financial statement reporting, statutory reporting, and managerial reporting are aligned.
Movember Foundation
Movember Foundation
Stock Spirits
Brenntag UK Ltd
Brenntag UK Ltd
Financial consolidation resources