Statutory Reporting, Disclosure Management, and Management Reporting with Board
Streamline the release and disclosure of statutory financial reports and the production of management reports within a unified environment
Statutory Financial Reporting and Disclosure Management are complex and articulated processes within the Finance function, involving a long list of activities, validation cycles, and compliance checks. Furthermore, Management Reporting is a time-consuming process requiring the accomplishment of repetitive activities on a regular basis.
Board’s solution for Statutory Financial Reporting, Disclosure Management, and Management Reporting provides a unified environment able to guarantee the consistency and coherence of data generated at each level of the above activities. Automation, driven by the Board platform, is capable of increasing speed, accuracy, and traceability across the entire financial reporting and analysis process, while workflow processes provide complete internal control over financial reporting.
Board for Statutory Financial Reporting and Disclosure Management
Create a single point of access for statutory financial reporting activities, ensuring complete accuracy and making comprehensive data analysis easy.
Automatically release statutory full, standalone, and consolidated financial statements including profit & loss, balance sheet, cash flow tables, and notes to annual accounts
Exploit the possibility to use different statutory full financial statement schemes with different levels of granularity
Ensure compliance with your internal control system, guaranteeing segregation of duties, tracking and auditing of internal processes, and accomplishment of validation cycles
Generate any type of report, leveraging native business intelligence capabilities
Automatically support disclosure management in terms of regulatory reporting (i.e. 10K, 10Q, and 20F) and standard communication protocols (i.e. XBRL)
Board for Management Reporting
Ensure presentation and storytelling needs are met, exploiting native data discovery and visualization capabilities to support report production.
Create management reporting for the board, senior management, and middle management which is automatically updated on a regular basis
Stretch management reporting scope thanks to full integration with operational systems such as ERP, CRM, SCM, WMS, and TMS
Exploit native BI capabilities which enable drill down, drill through, and drill anywhere to the lowest level of detail
Tailor and re-tailor management reporting in a code-free environment without support of the internal IT function
Exploit full integration with the MS Office suite for presentation and storytelling purposes
Customer story – Volkswagen
The unification of analysis, reporting, performance management, and predictive analytics with Board has increased efficiencies in Volkswagen Mexico’s finance department from 57% to 91%.Read the case study
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