What is a
Product Dashboard for Banks
? Product Dashboards are considered operational analysis tools and are used by executives and product managers to monitor KPIs across regions and revenue categories. Some of the main functionality in this type of dashboard is that it enables monitoring of metrics across five different areas, including: 1) Geographic map with revenue by branch, 2) Revenue distribution by product, such as: capex loans, home loans, debt restructuring, commercial property loan, credit cards, vehicle financing, 3) Declined versus approved loans by branch, 4) Default amount by branch, and 5) Default amount by product. You find an example of this type of dashboard below.
Purpose of
Financial Product Dashboards Banks use Financial Product Dashboards to give leaders a real time snapshot of the health of the business across their product lines. When used as part of good business practices in Financial Planning & Analysis (FP&A) departments, a company can improve its product strategies, and it can reduce the chances that poor visibility to performance results in slower or sub-optimized decisions.
Example of a
Financial Product Dashboard Here is an example of a Product Dashboard with revenue analysis with defaults and approvals.
You can find hundreds of additional examples
here
Who Uses This Type of
Dashboards
? The typical users of this type of dashboards are: Executives, CFOs, product managers.
Other Reports Often Used in Conjunction with
Financial Product Dashboards Progressive Financial Planning & Analysis (FP&A) departments sometimes use several different Financial Product Dashboards, along with detailed product revenue and loan default reports, corporate dashboards, consolidated and branch-level profit & loss reports, balance sheets, cash flow statements, detailed operational 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:
You can find hundreds of additional examples
here
Who Uses This Type of
Dashboards
? The typical users of this type of dashboards are: Executives, CFOs, product managers.
Other Reports Often Used in Conjunction with
Financial Product Dashboards Progressive Financial Planning & Analysis (FP&A) departments sometimes use several different Financial Product Dashboards, along with detailed product revenue and loan default reports, corporate dashboards, consolidated and branch-level profit & loss reports, balance sheets, cash flow statements, detailed operational 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
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