Overall Satisfaction with Board
Initially, Board was introduced to replace an antiquated annual budgeting process involving many Excel templates, however, this has since expanded to the point where Board is the primary financial reporting tool & also hosts some non-financial KPI reporting. At present, Board is being used across the entire organization. Board has solved many issues that come with traditional Excel-based reporting like the lack of version control, difficulty in distribution, time-consuming consolidation/roll-up of figures, and lack of security.
- Visually appealing and intuitive user interface.
- Ease of report creation, enabling users with minimal technical knowledge to create reports.
- Drill-down functionality allows users to view granular data if desired while allowing initial reports to remain simple as opposed to overwhelming.
- Not as capable in some instances as SQL for more complex reporting.
- Lack of API limits integration with other business systems.
- Increased awareness & understanding of financials for end users.
- Reduction in time & resources taken to generate reports, and greater availability of reports to users.
Board was generally more visually appealing when compared to many alternatives, some of which would retain the appearance of a spreadsheet and would have limited formatting or visualization capabilities. In addition, some tools were specifically a financial reporting and/or budgeting tool. Board, however, boasts a wider range of applications. This was beneficial, as while the initial goal was to implement a system to replace the existing budgeting process, there was a long term view to implementing a variety of financial and non-financial reporting within our selected product.