Your advantages through Board FC
1. High level of automation and faster preparation of consolidated financial statements
Board FC enables the finance team to coordinate activities and tasks across multiple entities to reduce closing and reporting cycles – without compromising regulatory compliance controls.
- Guided process with workflow (SOX)
- Centralized and decentralized management
- Control for complete, accurate and trustworthy data
- Alarms and warnings
2. Complete and precise control over processes and financial statements
Thanks to accounting protocols, validation cycles and role-based security system, Board FC makes the entire consolidation process both fully traceable and auditable, providing consistent as well as accurate financial information.
- Integrated workflow
- Accounting control
- Validation rules
- Application controls throughout the entire process
- Panel for monitoring the process
- Delimitation of tasks
- Track auditability of the journal
- Intuitive navigation and real-time user experience
3. Business insights
As part of an integrated performance management and business intelligence platform, Board FC not only provides a unified and consistent view of a company’s financial position, but also simultaneously enables analysis of consolidated financial information from multiple perspectives.
- What-if scenario management (consolidation group, actual data according to planned exchange rates, forecasting rules)
- Ad hoc queries & reports
- Multidimensional analyses
- Drill-Down, Drill-Through, Drill-Anywhere
- Rapid creation of indexes, dashboards & KPIs
- Ability to open hierarchies
4. Automatic group reporting / disclosure
Board FC brings a comprehensive set of statutory as well as management reports. Built-in business intelligence functionality makes it easy to create ad hoc analyses combined with financial data and other results to gain insight into business performance.
- Consolidated & statutory financial statements
- Divisional reporting
- Predefined test reports
- Notes to the financial statements
- GAAP – local and Group-wide
- Regulatory reporting
5. Testing and compliance
Complete auditability to manage financial and IT risks.
- DB IT Controls & Application:
– Information security
– Change management
– Performance & Business Continuity - SOC 1 Type II (ISAE 3402 , SSAE18), SOC 2, SOC 3
- Evidence control for compliance requirements
- Board Cloud – ISO27001 compliant
