What is an
Executive Dashboard for Banks
? Executive Dashboards are considered interactive decision-making tools and are used by senior leaders to monitor trends and benchmark financial KPIs across bank branches. Some of the main functionality in this type of dashboard is that it provides financial analysis from nine different perspectives: 1) Actual and budget revenue by branch, 2) Monthly actual and budget revenue trend, 3) Top five branches by revenue, 4) Actual and budget expenses by branch, 5) Monthly actual and budget expense trend, 6) Top five branches by expenses, 7) Actual and budgeted profit by branch, 8) Actual and budget monthly profit trend, and 9) Top five branches by profit. You find an example of this type of dashboards below.
Purpose of
Executive Financial Dashboards Banks use Executive Financial Dashboards to give their leaders an easy way to monitor top level financial KPIs and to do comparisons across their business units. When used as part of good business practices in Executive and Financial Planning & Analysis (FP&A) departments, a company can improve its strategies and resulting financial results, and it can reduce the chances that senior leaders have to delay decision-processes due to lack of clear, real time metrics.
Example of a
Executive Financial Dashboard Here is an example of an Executive Dashboard with bank branch comparisons as well as consolidated actual and budget trends. [caption id="" align="alignnone" width="2560"]
Example of an Executive Dashboard for Banks[/caption] You can find hundreds of additional examples
here
Who Uses This Type of
Dashboards
? The typical users of this type of dashboards are: Executives, board members, CFOs.
Other Reports Often Used in Conjunction with
Executive Financial Dashboards Progressive Executive and Financial Planning & Analysis (FP&A) departments sometimes use several different Executive Dashboards, along with consolidated and branch-level profit & loss reports, balance sheets, cash flow statements, detailed operating dashboards, and other management and control tools.
Where Does the Data for Analysis Originate From? The Actual (historical transactions) data typically comes from loan management software and enterprise resource planning (ERP) systems like: Microsoft Dynamics 365 (D365) Finance, Microsoft Dynamics 365 Business Central (D365 BC), Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP, Microsoft Dynamics SL, Sage Intacct, Sage 100, Sage 300, Sage 500, Sage X3, SAP Business One, SAP ByDesign, Acumatica, Netsuite and others. In analyses where budgets or forecasts are used, the planning data most often originates from in-house Excel spreadsheet models or from professional corporate performance management (CPM/EPM) solutions.
What Tools are Typically used for Reporting, Planning and Dashboards? Examples of business software used with the data and ERPs mentioned above are:
Example of an Executive Dashboard for Banks[/caption] You can find hundreds of additional examples
here
Who Uses This Type of
Dashboards
? The typical users of this type of dashboards are: Executives, board members, CFOs.
Other Reports Often Used in Conjunction with
Executive Financial Dashboards Progressive Executive and Financial Planning & Analysis (FP&A) departments sometimes use several different Executive Dashboards, along with consolidated and branch-level profit & loss reports, balance sheets, cash flow statements, detailed operating dashboards, and other management and control tools.
Where Does the Data for Analysis Originate From? The Actual (historical transactions) data typically comes from loan management software and enterprise resource planning (ERP) systems like: Microsoft Dynamics 365 (D365) Finance, Microsoft Dynamics 365 Business Central (D365 BC), Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP, Microsoft Dynamics SL, Sage Intacct, Sage 100, Sage 300, Sage 500, Sage X3, SAP Business One, SAP ByDesign, Acumatica, Netsuite and others. In analyses where budgets or forecasts are used, the planning data most often originates from in-house Excel spreadsheet models or from professional corporate performance management (CPM/EPM) solutions.
What Tools are Typically used for Reporting, Planning and Dashboards? Examples of business software used with the data and ERPs mentioned above are:
- Native ERP report writers and query tools
- Spreadsheets (for example Microsoft Excel)
- Corporate Performance Management (CPM) tools (for example Solver)
- Dashboards (for example Microsoft Power BI and Tableau)
- View 100’s of reporting, consolidations, planning, budgeting, forecasting and dashboard examples here
- View a Bank industry white paper and other industry-specific information here
- See how reports are designed in a modern report writer using a cloud-connected Excel add-in writer
- Discover how the Solver CPM solution delivers financial and operational reporting
- Discover how the Solver CPM solution delivers planning, budgeting and forecasting
- Watch demo videos of reporting, planning and dashboards
TAGS: Reporting, Planning, Forecasting, Analysis, Budgeting, CPM, KPIs, ERP, Dashboards, Financial Reporting, Template Library