Written by Nils R. | Sep 27, 2020 7:00:00 AM
What is
a
Revenue Analysis Dashboard
? Revenue Dashboards are considered financial dashboards and are often used by executives and CFOs to easily track trends and variances in the company's income. Key functionality in this type of dashboard shows the trend in total revenue, as well as, the breakdown into major revenue categories, such as product sales and services. The column charts on the top of the screen compare actual, budget and last year figures. The table in the upper right hand corner provides a numerical revenue breakdown for monthly and year-to-date variances. The links in the lower left corner take the user to detailed sales reports, as well as, a sales simulation dashboard. You will find an example of this type of dashboard below.
Purpose of
Revenue Dashboards Companies and organizations use Revenue Dashboards to help executives monitor and analyze high level revenue performance. When used as part of good business practices in a Financial Planning & Analysis (FP&A) department, a company can improve its executives' insights, as well as, reduce the chances that managers miss important trends if they only study revenues through financial statements.
Revenue Dashboard
Example Here is an example of a Revenue Analysis Dashboard. [caption id="" align="alignnone" width="2175"]
Revenue Analysis 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
Revenue Dashboards Progressive Financial Planning & Analysis (FP&A) Departments sometimes use several different Revenue Dashboards, along with profit & loss reports, KPI dashboards, sales dashboards, sales 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
