Board enhances its Financial Consolidation offering with advanced XBRL processing capabilities
Board International has entered into a strategic partnership with FUJITSU to incorporate its market-leading XBRL capabilities to the Board solution, enhancing its Financial Consolidation and Disclosure Management offering.
The selection of FUJITSU’s Interstage XWand engine will further streamline and automate Board’s XBRL filing process.
Leading decision-making software vendor Board International has entered into a strategic partnership with FUJITSU to incorporate its market-leading XBRL capabilities to the Board solution, enhancing its Financial Consolidation and Disclosure Management offering.
Board Financial Consolidation (Board FC) offers a powerful solution through which multi-entity organizations can manage the entire financial consolidation process with ease. The solution will now be underpinned by FUJITSU Interstage XWand, a leading XBRL processing engine which offers advanced capabilities, superior performance, and strict compliance with XBRL reporting standards. Interstage XWand supports the creation of electronic financial statements and regulatory filings, and enables the efficient development and delivery of state-of-the-art, end-user-driven specific XBRL capabilities, such as extension, mapping, tagging, generation, validation, rendering, and visualization.
Used by financial institutions, authorities, and companies in more than 50 countries worldwide, FUJITSU Interstage XWand will enhance the existing Board FC solution by enabling users to streamline and automate the XBRL reporting process while maintaining the flexibility, power, and seamless integration offered by the Board platform. It will also enhance Board’s ability to provide FP&A, Financial Consolidation, and Statutory, Managerial, and Regulatory reporting in a single unified environment, underpinned by a unique and consistent dataset.
“Fujitsu is very pleased to bring the XBRL and iXBRL capabilities of Interstage XWand to the Board Financial Consolidation system and its customers. Fujitsu prides itself in being at the forefront of innovation and we share with Board International the same passion of delivering reporting solutions which are second to none, provide unique features, reliability, performance, and leverage customers' compliance with reporting mandates,” said Sławomir Skrzypek, Business Development Director at FQS Poland Ltd (EMEA Center of Excellence for Fujitsu XBRL Solutions).
“XBRL is increasingly accepted as a worldwide standard, and thus increasing is the need for organizations to implement an integrated, reliable solution for reporting and performance management. We have entered into this long term, strategic partnership with FUJITSU as we believe they offer the most comprehensive XBRL solution on the market,” comments Pietro Ferrari, Chief Technology Officer at Board International.
Michele Bernasconi, Board FC Product Manager, adds “This partnership represents a fantastic step forward in our XBRL reporting capabilities, which will benefit over 200 Board FC customers. It will also contribute towards the achievement of our vision for an integrated office of finance which extends beyond the realms of the traditional finance responsibilities.”
About FUJITSU:
Fujitsu is the leading Japanese information and communication technology (ICT) company, offering a full range of technology products, solutions, and services. Approximately 140,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE: 6702) reported consolidated revenues of 4.1 trillion yen (US $39 billion) for the fiscal year ended March 31, 2018. Fujitsu is an industry leader in the XBRL area helping organizations in all aspects of XBRL implementations with 16 years of proven track record and excellence. Our presence in XII working groups and deep commitment in the development of XBRL standard drive and facilitate its adoption worldwide.
Fujitsu combines a unique set of software engineering competences with invaluable insights into XBRL technology implementations. Our dedication to delivering top quality and customer-oriented solutions is invariably praised by our clients. We are proud that our flagship XBRL solutions are implemented by 400+ customers among them are EIOPA, EBA, and ECB.
Our global presence, high level of customer service, combined with our technical skills, innovative XBRL products and network of experts on hand for consultation have helped countless people in the world succeed.
For more information on Fujitsu XBRL Solutions and Services, please visit: www.fqs.pl/en/finance/solutions / www.fqs.pl/en/finance/services / www.fujitsu.com/xwand or contact EMEA Center of Excellence for Fujitsu XBRL Solutions: xbrl@fqs.pl, Tel. (+48 12) 429 43 45.
About Board:
Board is the #1 decision-making platform. Founded in 1994 and Headquartered in Chiasso, Switzerland, and Boston, MA, Board International has enabled more than 3000 companies worldwide to effectively deploy Business Intelligence, Corporate Performance Management and Predictive Analytics applications on a single platform. The Board platform allows companies to achieve a single, accurate and complete view of business information and full control of performance across the entire organization. Thanks to Board, global enterprises such as Coca-Cola, DHL, KPMG, Puma, Siemens, H&M and ZF Group have deployed end-to-end decision-making applications in a fraction of the time and cost associated with traditional solutions.