London, April 2012. BOARD UK is pleased to confirm that accountancy and business advisory firm, BDO LLP, has chosen to implement BOARD as their all-in-one Business Intelligence and Performance Management solution to manage Budgeting, Planning and Forecasting as well as Reporting, Analysis, Dashboards, KPIs and Management Accounts.
BOARD will provide one version of the truth across the business and streamline the production of their management information. After careful consideration of a number of products, the firm opted for BOARD thanks to its all-in-one Business Intelligence and Corporate Performance Management solution, its ability to manage large volumes of data and its simplicity. Specifically, its state of the art functionality made it stand out over competitive solutions.
BDO will be implementing BOARD in four phases, taking data from their existing Peoplesoft systems. BOARD will deliver driver-based budgeting on all lines of the P&L, with the related balance sheet and cash flow impact. The budgeting cycle will be supported and controlled by a workflow and audit. BOARD will also provide full analysis of actual, budget and forecast data in seconds rather than days or weeks. KPIs and dashboards will provide the management team with early warning indicators. The team will also be able to drill down on the fly into the numbers to understand cause.
Paul Roberts, Finance Director, BDO LLP commented: “BDO currently provides management information to the business from a number of different, non-integrated data sources. The attraction of the BOARD solution is that all our planning, budgeting, forecasting and reporting needs are managed within one database in a completely flexible, real-time environment. The benefits to the business particularly in terms of resource planning, performance measurement and working capital efficiency will be significant.”
Dominic Policella, Managing Director of BOARD UK says: “I am delighted that BDO has chosen BOARD as their corporate solution especially considering the detailed evaluation of various other budgeting solutions of the market. BOARD offers BDO the flexibility and visibility they need to further improve performance across their business.”
BOARD International is a global leader in the BI and PM Toolkit space. BOARD has enabled over 2,500 companies worldwide to rapidly deploy BI and CPM applications in a single integrated environment completely programming-free and in a fraction of the time and cost associated with traditional solutions. BOARD provides one accurate, complete view of an organisation’s information, fully integrated with its processes, uniquely linking performance from strategic vision to all levels down to operational detail. BOARD has a worldwide reseller network with local partners across the globe.
BDO LLP, a UK limited liability partnership registered in England and Wales under number OC305127, is a member of BDO International Limited, a UK company limited by guarantee, and forms part of the international BDO network of independent member firms. A list of members’ names is open to inspection at our registered office, 55 Baker Street, London W1U 7EU. BDO LLP is authorised and regulated by the Financial Services Authority to conduct investment business.
The combined fee income of all the BDO Member Firms, including the members of their exclusive alliances, was €4.06 billion in 2011. The global network provides business advisory services in 135 countries, with almost 48,800 people working out of 1,118 offices, worldwide.
BDO is the brand name for the BDO International network and for each of the BDO Member Firms.
BDO Northern Ireland, a partnership formed in and under the laws of Northern Ireland, is licensed to operate within the international BDO network of independent member firms.