View Full Video Script
2:41 min
View Full Video Script
-
Board is a great application that allows
-
us to consolidate and plan our financial
-
figures in an easy and fast way. It
-
allows us to focus on what matters for finance and
-
accelerate the growth of Ammega.
-
The transformation journey started in 2020 with the need
-
of consolidating a lot of different legacy
-
systems in one unique consolidated financial statement.
-
So with this need, Board has been implemented.
-
It was chosen for the flexibility and the easy
-
customization that Board allows.
-
Right now, we are focusing on the data collection.
-
At the beginning, the accounting part was not harmonized, so
-
the first important change was the implementation of the global chart
-
of accounts and a mapping from the local chart
-
of accounts to the global chart of accounts, and following also the
-
standardization of the intercompany matching process.
-
This helped a lot the financial consolidation to
-
consolidate in a few days instead of weeks.
-
The data quality has increased.
-
We have better checks in order to ensure that there
-
is consistency within the financial statements of each
-
entity that we have to consolidate.
-
I think AI is a technology that can bring value to
-
our company by speeding up our activities that
-
right now require time, like finding mistakes within
-
our financial statements or doing
-
comparisons between different scenarios.
-
AI can speed up these activities in order to be
-
focused on the investigation and the root cause analysis
-
of the variances that we have in order to bring value
-
to our company instead of using our time in creating
-
reports.
-
Thanks to the Board team, we learned fast how to deal
-
with the [Board] agent, how to create the right prompts, and
-
we tested three main use cases. So the finding of
-
the mistakes on our financial statements, the variance
-
analysis against our planning scenarios, and
-
also the forecasting. The speed of the feedback of the
-
agent was fast, and it's promising.
-
Together with the implementation of the AI agent, that will
-
be, as I said, an accelerator of our
-
growth.