Case Study: Laerdal Medical achieves automated multicurrency financial consolidation and unified planning across 33 entities with Board

Automating the Office of Finance with Board FC 4.0 and the power of the Board platform

Laerdal Medical, a global healthcare company with 1,400+ employees focused on resuscitation and patient care, faced a rigid legacy reporting system that could not keep pace with growth across 33 legal entities, 96 business units and numerous data sources (Oracle, Siebel, Salesforce, etc.). The finance team needed a modern, cloud-based platform to unify consolidation, managerial reporting, budgeting and forecasting across multiple currencies, branches without ERPs, and diverse operational systems.

Laerdal implemented Board Financial Consolidation to automate the full financial-close cycle and operational planning in a single environment. The solution reconciles data from all sources, supports 19 currencies, 96 reporting units, 285 cost centers and 229 product groups, and runs nightly workflows with decentralized data entry, scenario simulation and audit trails. As a result, statutory and managerial reports are aligned, KPIs are visible to management, project managers can drill to invoice level, and financial consolidation and forecasting are faster, more transparent and decision-ready.

Laerdal Medical

Lars Christiansen

Finance Systems Implementation Manager