Board - simplifying FP&A
April 06, 2020
Board - simplifying FP&A
Score 8 out of 10
Vetted Review
Verified User
Overall Satisfaction with Board
Board has taken us away from a very manual, Excel-based budget process, leading to less human error and a faster cycle. We extended the use of Board into Financial Reporting and are increasingly using it for non-financial reporting. Data is more readily accessible and far easier to pull together for ad-hoc queries. All managers in the business use Board, accessing it at least monthly but more usually, weekly.
- Drill down, data interrogation.
- Budgeting and write back.
- Data consolidation.
- Ease of use.
- Financial Consolidation - although the product has evolved since we tried to implement and we also hadn't defined our project well.
- Not a con as such - took awhile for users to get their head round the fact it's not Excel!
- + Increased self-serve.
- + Drill through has enabled more comprehensive month end reporting and clarity.
- + More time available for in-depth analysis, less time collating figures.