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Financial Consolidation

  • Financial Consolidation

  • Financial consolidation

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  • In the Financial Consolidation area, BOARD software integrates its Toolkit Approach with BOARD FC, a packaged system solution that enables companies to perform both legal and management consolidation, providing a deep insight into financial and operational results.

    BOARD FC addresses the challenges that multi-entity organizations face today with intercompany reconciliations, consolidation adjustments and group reporting.

    Turn-key functionality merges data from different locations and across multiple general ledgers, performing multi-currency conversions and eliminating time consuming and non compliant spreadsheet based processes.

    A Workflow Control Panel makes it easy to monitor, reporting and manage the financial consolidation system process across the whole enterprise, reporting and highlighting the operations status and certifying internal controls.

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  • KEY FEATURES

    • Legal and management multi-level financial consolidation of complex group structures, with automation of:
      • Currency conversion with exchange rate difference calculation
      • Investments (Holding company) / Equity (Subsidiaries)
      • Intercompany transactions (receivables/payables, expenses/revenues)
      • Dividends elimination
      • Elimination of I/C mark-up on inventory
      • Write off / revaluation on investments
      • Consolidation difference allocation (goodwill / badwill)
      • Calculation of Group and Minority interests
      • Calculation of changes in consolidation scope
    • Creation and comparison of unlimited scenarios (Actual, Budget, Forecast, etc.)
    • Multiple and customizable closing periods (Year, Quarter, Month, etc.)
    • Journal entries at company and group level
    • Multilanguage
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