Å Energi reduces financial consolidation efforts substantially with Board
Å Energi Expands Use of the Board Intelligent Planning Platform - Achieves EPM Excellence - Streamlines Merger & Financial Consolidation
Board, a leading global provider of Intelligent Planning solutions that empower organizations to plan smarter, take actionable insights, and deliver better outcomes, announced that Å Energi expanded its use of the Board Intelligent Planning platform to achieve Enterprise Performance Management (EPM) excellence in a newly merged corporate structure.
Based in Norway with businesses operating across Europe, Å Energi aims to increase the production of affordable clean energy to effectively power its multi-national network with renewable sources. The result of a 2023 merger between Glitre Energi and Agder Energi, Å Energi is a complex organization with more than 50 entities and 500+ cost centers—all providing essential data for business planning and operational needs. Following the merger, the company relies upon an EPM solution to fully consolidate the merging entities and a solution capable of integrating its data architecture to provide real-time information, streamline communication efforts, and support future growth and scalability requirements.
Board played a crucial role in facilitating a smooth merger and consolidation process. Our management team had access to group wide-data and results in a very short time, reported Steffen Syvertsen, CEO of Å Energi.
Å Energi continued its partnership with Board, deploying an Intelligent Planning solution to realize its vision for a robust EPM solution. The Board platform was already well established for EPM and financial consolidation at Agder Energi before, and by updating the existing solution, the implementation for the newly created group was completed in less than two months and did not adversely affect existing business processes. Å Energi can now continue to optimize and streamline reporting and planning across every function of the enterprise to improve performance and sustain change.
For additional information, read the complete case study at https://www.board.com/en/case-study/moving-epm-reporting-excellence-energi-group
About Å Energi
Å Energi (formerly Agder Energi and Glitre Energi) is a Norwegian energy group involved in hydroelectric power generation, electricity distribution, electricity trading, and services for customers in European business and consumer markets.
About Board
Board’s Intelligent Planning Platform delivers solutions that help over 2,000 organizations worldwide plan smarter—enabling actionable insights and better outcomes. Board helps leading enterprises discover crucial insights which drive business decisions and unify strategy, finance, and operations through more integrated and intelligent planning to achieve full control of performance. Partnering with Board, global enterprises such as H&M, BASF, Burberry, Toyota, Coca-Cola, KPMG, and HSBC have digitally transformed their planning processes.
Founded in 1994, and now with 25 offices worldwide, Board is recognized by leading analysts including BARC, Gartner, and IDC.