What is Disclosure Management?
Disclosure Management, as a process, is also known as the “last mile of finance”, where all steps in the financial processes – financial close, variance analysis, and re-forecasting – are all key ingredients in what is reported to external stakeholders.
This means that the internal information will be reported externally including all comments and explanations and ideally with the help of a clear workflow with tasks and responsibilities. Within the solution of our partner Board this can be done in one platform that is integrated with windows tools like excel, word and powerpoint.
What about Disclosure Management?
The process of disclosing the (annual) report is often time consuming and error-prone. It is important for a disclosure management solution to limit manual and ad hoc work as much as possible. With automation and checks, more time can be spend on adding value via analysis and story telling instead of collecting and checking data!
Blogs & How to’s
Blog
5 Benefits of Disclosure Management
Learn why (and when) you should start with a Disclosure Management solution!
Blog
Lease Accounting
Lease accounting explained and why you should consider doing it with Board.
How To
Short Disclosure Management Movie
A few examples of what Board International can do in the area of disclosure management. Benefits like improved workflow management, adding checks, writing explanations and automating manual tasks.
Frequently Asked Questions
What is Disclosure Management?
Disclosure Management, as a process, is also known as the “last mile of finance”, where all steps in the financial processes – financial close, variance analysis, and re-forecasting – are all key ingredients in what is reported to external stakeholders.
This means that the internal information will be reported externally including all comments and explanations and ideally with the help of a clear workflow with tasks and responsibilities. Within the solution of our partner Board this can be done in one platform that is integrated with windows tools like excel, word and powerpoint.
What can I expect from disclosure management?
Report and disclose financial statements with ease
Automatically release statutory full, standalone, and consolidated financial statements including profit & loss, balance sheet, cash flow tables, and notes to annual accounts
Integrate different financial schemes
Exploit the possibility to use different statutory full financial statement schemes with varying levels of granularity. Move quickly from statutory and consolidated financial statements to the non-financial information that must be presented (i.e. CO2 Emissions and Corporate Social Responsibility data)
Drive compliance
Ensure compliance with your internal control system, guaranteeing segregation of duties, tracking and auditing of internal processes, and accomplishment of validation cycles.
Automate disclosure management
Automatically support disclosure management in terms of regulatory reporting (i.e. 10K, 10Q, and 20F) and standard communication protocols (i.e. XBRL)
What can i expect from the Board solution?
Get up-and-running, fast
Quickly retrieve data from internal and external sources and effectively present & disclose it with ease
Manage the disclosure process in a fully controlled environment
Define your own workflow, designing controls and assigning tasks to guarantee a fully controlled environment and reliable output
Automatically generate and update presentations and reports
Ensure the accuracy and validity of the data contained in each document you present, with the Board Office Add-in which automatically generates and updates presentations and reports with the latest information
Disclose financial and non-financial data within the same workflow
Take advantage of a multi-dimensional database to present financial and non-financial data within a unique, integrated process
XBRL and iXBRL
Comply with regulators’ filing requirements using built-in technology that enables business users to execute mapping, anchoring, and extension of taxonomies in a fully integrated disclosure management process.
Cases, Blogs & Events
5 Benefits of Disclosure Management
5 Benefits of Disclosure Management What is Disclosure Management? And what are the benefits? What is Disclosure Management? Disclosure Management, as a process, is also known as the “last mile of finance”, where all steps in the financial processes – financial close,...
Lease Accounting
Manage IFRS 16 and ASC 842 compliance with ease What is IFRS 16? And how do you manage it? What is Lease Accounting? Lease accounting is the process by which a company records the financial impacts of its leasing activities. Leases that meet specific classification...
Top 5 reasons to start XP&A
Top 5 reasons to start XP&A What is XP&A? And how do you implement it? What is XP&A? First, a short introduction to XP&A: it stands for eXtended Planning & Analysis, meaning the planning & analysis is not only used in finance (the F in...
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