Financial KPI Dashboard

    What is a Financial KPI Dashboard ? Financial Key Performance Indicator (KPI) Dashboards are considered corporate dashboards and are often used by executives and board members to analyze the big picture of the organization's monthly performance. Key functionality in this type of dashboard provides a view of the top 3 KPIs for Revenue, Profitability and Liquidity. Each visualization shows the metric as a figure in addition to the KPI target with the variance and the multi-month trend. The bottom of the dashboard provides convenient links to other, more detailed dashboards, as well as, to formatted financial reports. You will find an example of this type of dashboard below. Purpose of Financial KPI Dashboards Companies and organizations use Financial KPI Dashboards to provide executives with a single, convenient screen to see vital financial metrics. When used as part of good business practices in a Financial Planning & Analysis (FP&A) department, a company can improve its executives' ability to frequently and easily monitor performance, as well as, reduce the chances that significant financial issues slide under the radar until decisions can be made to correct them. Financial KPI Dashboard Example Here is an example of a modern Financial KPI Dashboard with metrics, variances and trends. [caption id="" align="alignnone" width="2233"] Financial KPI Dashboard Example Financial KPI Dashboard Example[/caption] You can find hundreds of additional examples here. Who Uses This Type of Dashboard ? The typical users of this type of dashboard are: Executives, board members and financial managers. Other Dashboard s Often Used in Conjunction with Financial KPI Dashboards Progressive Financial Planning & Analysis (FP&A) Departments sometimes use several different Financial KPI Dashboards, along with operational dashboards, detailed financial reports and other management and control tools. Where Does the Data for Analysis Originate From? The Actual (historical transactions) data typically comes from 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)
    Corporate Performance Management (CPM) Cloud Solutions and More Examples