Finance

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.

  • Financial statements

    Automatically release statutory full, standalone, and consolidated financial statements including profit & loss, balance sheet, cash flow tables, and notes to annual accounts

  • Financial schemes

    Exploit the possibility to use different statutory full financial statement schemes with different levels of granularity

  • Compliance controls

    Ensure compliance with your internal control system, guaranteeing segregation of duties, tracking and auditing of internal processes, and accomplishment of validation cycles

  • BI capabilities

    Generate any type of report, leveraging native business intelligence capabilities

  • Disclosure management

    Automatically support disclosure management in terms of regulatory reporting (i.e. 10K, 10Q, and 20F) and standard communication protocols (i.e. XBRL)

Board for Statutory Financial Reporting and Disclosure Management

Board for Management Reporting

Ensure presentation and storytelling needs are met, exploiting native data discovery and visualization capabilities to support report production.

  • Multiple stakeholders

    Create management reporting for the board, senior management, and middle management which is automatically updated on a regular basis

  • Integrated approach

    Stretch management reporting scope thanks to full integration with operational systems such as ERP, CRM, SCM, WMS, and TMS

  • In-depth reporting

    Exploit native BI capabilities which enable drill down, drill through, and drill anywhere to the lowest level of detail

  • Customization capabilities

    Tailor and re-tailor management reporting in a code-free environment without support of the internal IT function

  • Effective storytelling

    Exploit full integration with the MS Office suite for presentation and storytelling purposes

Board for Management Reporting

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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