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IAS, IFRS, Basel II, and Sarbanes-Oxley are just some of the better-known examples of the increasing burden of regulatory compliance.
In every sector, organizations are under pressure to satisfy new laws and regulations. Not only are there more rules; the rules are stricter and the penalties for failing to comply are more severe. On the other hand, organizations often have a fragmented approach to performance management that makes it difficult to combine financial and non-financial data in a unified and consistent manner.
The challenge is to implement a comprehensive CPM approach which would bring together various performance management and regulatory initiatives, providing a single version of the truth at all management levels for all types of information.
Our company offers the structure required to comprehend the full scope of the compliance challenge. With BOARD, everything is there to create the proper controls for basic information processing and production, as well as more complex controls to aggregate and integrate crucial information. All these capabilities are available through a single and integrated framework. Thanks to its unique all-in-one environment, BOARD statutory financial reporting software makes possible a broad CPM approach to improving governance and performance management possible, while at the same time addressing compliance requirements.
"Statutory Reporting " is part of the Board line of products, developed by Board International.
Board is a horizontal product. It offers functionality designed for usage across a wide variety of industries and business types.