Written by Nils R. | Jun 15, 2022 7:00:00 AM
How can
Balance Sheet KPI Analysis
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 Balance Sheet reports like the Asset & Liability Analysis template shown below enables them and other executives to review near real time asset and liability metrics that help drive faster and better decisions.
Who uses
Asset & Liability Analysis with Variances and Trends
and What are Some Key Analytical Features? In today’s fast-paced business environment, CFOs are under high pressure to supply end users like managers and board members with timely and concise Balance Sheet Analysis. Companies use key features like the ones below to support their leaders with effective analysis that helps drive quicker and smarter decisions:
- Monitor variances between the current month and last year
- Detect key asset and liability trends
- Easy report configuration to focus on the exact balance sheet categories that management wants to monitor
The Asset & Liability Analysis template can be used as a key element of the Monthly Reporting process: [caption id="attachment_31552" align="alignnone" width="1206"]
Example of an Asset & Liability Analysis Template to Streamline the Monthly Reporting Process[/caption] The Asset & Liability Analysis with Variances and Trends report is a ready-to-use Balance Sheet Analysis template from the
Solver Marketplace.
A Brief Description of the
Asset & Liability Analysis with Variances and Trends
Template Balance Sheet Analysis reports like the one seen in the image above are interactive and parameter driven and typically contain sections with variance metrics, trend charts and a report component with detailed figures. One of the important features that aid the user in the analysis process is the ability to quickly see top three balance sheet account categories for short term assets, long term assets, short term liabilities and long term liabilities. Asset & Liability Analysis with Variances and Trends templates are often used in conjunction with profit & loss reports, trended balance sheets and dashboards, cash flow statements, as well as balance sheet and cash flow budget and forecast input forms.
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
- Templates from Solver that are pre-built and that work out-of-the-box using the Solver CPM cloud. Click here.
- Template examples: You find more than 500 CPM and BI Template examples here.
- Interactive Dashboard examples: Try Power BI dashboard templates from Solver here.
- Software evaluation and selection:
- Creating efficient processes:
