Financial dashboards should do more than showing you the data from the previous quarter. They should give you real-time access to both the numbers and the stories. These financial dashboard examples can reveal insights that can assist the entire company (not just finance) with better decisions. The financial dashboard examples will show you how to go beyond historical context and use real-time data to make finance more collaborative and strategic.
1. Performance financial dashboard
The accounting and finance department generally uses business accounting software to analyse their financial data through online accounting software. But the teams want a dedicated financial performance dashboard that allows them to immediately assess their financial health, detect operational difficulties, and specify precisely how to resolve them so that time can get spent on more strategic objectives. The same financial reporting and investigation occur after each month. Finance checks the prior month’s numbers for irregularities in the data before personally identifying and resolving any operational concerns. You might observe, for example, that cash out is especially low in comparison to the prior month. You’ll need to look through your spreadsheets to see which invoices you haven’t paid yet and modify the figures once the checks get mailed out.
This example shows operational insights so you can spend less time looking into problems.
2. Sales and marketing financial dashboard
A solid sales and marketing financial dashboard provide key performance indicators (KPIs) that support strategic, forward-looking decision-making for those departments’ management. These teams are already monitoring several critical financial KPIs with out-of-the-box reporting solutions. They also use GST accounting software and small business accounting software to manage their financial data. This accounting software free downloads are available online.
However, the data provided by those instruments are insufficient.
The sales and marketing leaders can’t tackle complex strategic dilemmas without a deeper context. They’ll see that the pipeline has changed, but they’ll have no idea why. They’ll realise they’re behind on next quarter’s revenue goals but won’t know how many new reps they’ll need to catch up with or how long it will take for those new reps to ramp before making a meaningful contribution.
3. CFO Dashboard
The correct dashboard may assist CFOs, and their teams uncover actionable data, allowing them to take on a more strategic advisory role for the company. Traditional, backwards-looking finance functions have failed to meet this challenge. They’ve been too preoccupied with previous figures to provide executives with quick access to big-picture financial data that might help them make strategic decisions.
Executives can speed up the board deck preparation process and uncover the strategic potential of board members when they receive real-time financial metrics through various platforms like dashboard and accounting software which are available with the name of accounting software in India. They can also make better decisions about the product roadmap, pricing adjustments, and resource allocation. This CFO dashboard gives finance leaders a high-level picture of the company’s growth trajectory by displaying efficiency measures and financial data.
