Case Study: Zentiva Shortens Monthly Close with Board

Zentiva shortens monthly close by 2 days with Board

Zentiva, a leading European generics manufacturer, faced challenges with fragmented financial systems after its carve-out from Sanofi. The company needed to ensure consistency between planning, management reporting, and IFRS consolidation, which were handled in different systems, leading to a lack of transparency and manual processes. To address this, Zentiva implemented the Board platform for Financial Planning & Analysis and Financial Close & Consolidation.

The solution from Board provided a unified platform, integrating planning, forecasting, reporting, and consolidation into a single source of truth. This allowed Zentiva to automate data loading from systems like SAP, harmonize its chart of accounts, and enable detailed reporting. As a result, Zentiva shortened its monthly close by two days, achieved higher data quality and granularity, and freed local finance teams from manual tasks, translating directly into cost savings and faster management insights.

Zentiva