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AMMEGA: Accelerating finance transformation with Board AI

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2:41 min
  1. Board is a great application that allows

  2. us to consolidate and plan our financial

  3. figures in an easy and fast way. It

  4. allows us to focus on what matters for finance and

  5. accelerate the growth of Ammega.

  6. The transformation journey started in 2020 with the need

  7. of consolidating a lot of different legacy

  8. systems in one unique consolidated financial statement.

  9. So with this need, Board has been implemented.

  10. It was chosen for the flexibility and the easy

  11. customization that Board allows.

  12. Right now, we are focusing on the data collection.

  13. At the beginning, the accounting part was not harmonized, so

  14. the first important change was the implementation of the global chart

  15. of accounts and a mapping from the local chart

  16. of accounts to the global chart of accounts, and following also the

  17. standardization of the intercompany matching process.

  18. This helped a lot the financial consolidation to

  19. consolidate in a few days instead of weeks.

  20. The data quality has increased.

  21. We have better checks in order to ensure that there

  22. is consistency within the financial statements of each

  23. entity that we have to consolidate.

  24. I think AI is a technology that can bring value to

  25. our company by speeding up our activities that

  26. right now require time, like finding mistakes within

  27. our financial statements or doing

  28. comparisons between different scenarios.

  29. AI can speed up these activities in order to be

  30. focused on the investigation and the root cause analysis

  31. of the variances that we have in order to bring value

  32. to our company instead of using our time in creating

  33. reports.

  34. Thanks to the Board team, we learned fast how to deal

  35. with the [Board] agent, how to create the right prompts, and

  36. we tested three main use cases. So the finding of

  37. the mistakes on our financial statements, the variance

  38. analysis against our planning scenarios, and

  39. also the forecasting. The speed of the feedback of the

  40. agent was fast, and it's promising.

  41. Together with the implementation of the AI agent, that will

  42. be, as I said, an accelerator of our

  43. growth.

AMMEGA: Accelerating finance transformation with Board AI

AMMEGA shares how Board AI helps its finance team consolidate financial data, improve data quality, and plan faster across the organization.

In the video, Fabrizio explains how AMMEGA moved from multiple legacy systems to one consolidated financial statement, standardized key finance processes, and reduced consolidation from weeks to just a few days.

He also discusses how AMMEGA is exploring Board’s FP&A Agent to accelerate finance activities such as finding errors, comparing planning scenarios, variance analysis, and forecasting. With Board AI, finance teams can spend less time creating reports and more time uncovering insights that drive business value.

Watch the video to learn how AMMEGA is using Board AI to support faster, smarter finance transformation, and how AI can further accelerate financial planning and analysis.

Read the full case study here.