Wacoal Europe choose Board for BI, CPM and Financial Consolidation

Board International announce that leading lingerie manufacturer, Wacoal Europe, have chosen the Board Platform to provide Business Intelligence (BI), Corporate Performance Management (CPM) and Financial Consolidation.

Leaders in the intimate apparel market, Wacoal Europe were in need of a solution to provide fully integrated business intelligence for all of the group’s operations and brands and with the capability to consolidate their financial processes and reporting. Due to enterprise growth and reporting complexity, the organisation identified the need for a solution to reduce the time taken for the budgeting and planning process.

Currently, Wacoal rely upon  spreadsheet processes to generate information and analysis. After a thorough evaluation of the market, the Board solution was selected by Wacoal for the platform’s ease of use and the unified nature of the toolkit providing an all-in-one solution for the business.

The organisation will use Board as their enterprise consolidation tool to help them standardise their financial reporting to give them a single accurate view of their performance in addition to preparing automated consolidations of the Group’s diverse businesses through several iterations and scenario analysis.

With a single integrated approach to Business Analytics and Corporate Performance Management, Board provides critical information quickly and easily, integrating budgeting, planning and forecasting with reporting, analysis and dash-boarding with write-back capability. Board has already enabled over 3,000 companies to improve their business performance by making better decisions.

Vaughan Waylett, Group Financial Controller – Overseas Operations at Wacoal Europe says:

“We are delighted to have chosen Board to provide our BI and CPM solutions. After researching the market and benchmarking several products, Board came out on top as the best fit for Wacoal Europe’s finance team requirements, We look forward to working on the implementation with Board and the benefits that it is expected to bring going forward."

Dominic Policella, Director at Board UK adds:

“We are delighted to welcome Wacoal Europe to our expanding clientele list. This exchange shows the flexibility of Board to provide tailored solutions to every size and shape of business. We look forward to working with their team to provide Wacoal Europe with a future-proof platform to transform their decision-making across the business.”