CVE Group, a French independent renewable energy producer with operations in France, Chile, US, South Africa, and Spain, is using Board to run its reporting per entity and project, and plan and simulate budgets. The group is experiencing rapid growth, reflected in an increase in the volume of data to be processed. From 2021 to 2022 alone, 60 new legal entities were added to the scope of consolidation. CVE plans to accelerate further, quadrupling its operational fleet by 2027. Faced with this significant growth, CVE chose Board Group Consolidation and Reporting (GCR) as a consolidation solution and tool for quick data analysis. By consolidating its accounts with Board GCR, CVE benefits from fully integrated planning, a consolidation solution for its finance team, and a powerful engine to simplify managing and analyzing data volumes while complying with accounting standards enforced by the French GAAP regulation.
"Partnering with Board is an important step forward in our process of producing consolidated financial statements. Our scope includes more than 600 legal entities in five countries with different currencies. The Board GCR solution allows us to efficiently meet statutory consolidation obligations in a reliable, simple, and user-friendly way.”
