Using 8 Quarter Rolling Balance Sheet Dashboards to Streamline the Monthly Reporting Process

How can Financial Dashboard s Drive Faster and Better Decisions? As CFOs increasingly become key advisors in the Monthly Reporting Process, they must rely on modern self-service corporate performance management (CPM) and business intelligence (BI) tools. Using interactive Financial Dashboards like the 8 Quarter Rolling Balance Sheet Dashboard template shown below enables them and users from the finance and executive teams to experience near real time asset and liability trend analysis that help drive faster and better decisions. Who uses 8 Quarter Rolling Balance Sheet Dashboard s and What are Some Key Analytical Features? In today’s fast-paced business environment, CFOs are under high pressure to supply end users like accountants and analysts with timely and concise Financial Dashboards. Companies use key features like the ones below to support their users with effective analysis that helps drive risk control and investment optimization:
  • Asset and Liability tables with metrics by GL account
  • Quarterly trend charts for Current Assets, Long Term Assets, Current Liabilities and Long Term Liabilities
  • Period, company and other filters that dynamically drives the dashboard
The 8 Quarter Rolling Balance Sheet Dashboard template can be used as a key element in the Monthly Reporting process: [caption id="" align="alignnone" width="2560"] Example of an 8 Quarter Rolling Balance Sheet Dashboard to Streamline the Monthly Reporting Process Example of an 8 Quarter Rolling Balance Sheet Dashboard to Streamline the Monthly Reporting Process[/caption] The 8 Quarter Rolling Balance Sheet Dashboard is a ready-to-use Financial Dashboard from the Solver Marketplace. A Brief Description of the 8 Quarter Rolling Balance Sheet Dashboard Template Financial Dashboards like the one seen in the image above are interactive and parameter driven and typically contain sections with interactive charts and indicators to analyze quarterly trends for any asset and liability GL account and sub-total. One of the important features that aid the user in the analysis process is the ability to instantly zoom in on any asset or liability by clicking on a row in the tables and see that item highlighted in the trend charts. 8 Quarter Rolling Balance Sheet Dashboards are often used in conjunction with balance sheet and cash flow reports, KPI dashboards, and cash flow budgets. Data Integration to Transaction Systems Most organizations these days want automated and streamlined planning, reporting and analysis. However, many of the benefits described earlier rely on best of breed Corporate Performance Management (CPM) tools and/or Business Intelligence (BI) capabilities as well as data marts or data warehouses that use pre-built integrations to the organization’s ERP system. Oftentimes, they also need integrations to other key data sources like CRM, subscription systems, payroll tools, etc. Modern, cloud-based ERPs like Microsoft Dynamics 365 Finance (D365 Finance), Microsoft Dynamics 365 Business Central (D365 BC), Sage Intacct, Acumatica, Netsuite and SAP have robust APIs which allow for dynamic integrations to CPM and BI tools that are fully automated and flexible to run on a schedule or on-demand. Additional Resources to Aid with Research of Templates, CPM and BI Tools
January 5, 2022