Case Study: Louwman Group cuts consolidation from hours to minutes with Board

Louwman Group cuts consolidation to minutes with Board

Louwman Group, a Dutch automotive distributor, faced significant challenges in unifying its financial consolidation and reporting processes across three complex divisions and more than 10 disparate data sources. The manual, error-prone system struggled with scalability and meeting regulatory requirements, creating a pressing need for a robust and auditable solution. To address this, Louwman partnered with Board to implement its Financial Close & Consolidation platform.

By deploying Board's flexible platform, Louwman established a single source of truth, enabling both statutory and managerial consolidation on the same dataset. The solution dramatically reduced consolidation runtime to just a few minutes, allowing group results to be available within five minutes during close. This empowered the finance team with greater agility, improved collaboration, and self-sufficiency, all while consolidating over 200 reporting units efficiently.

Louwman Group