Using Revenue Comparison and Consolidation 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 & Consolidations Process, they must rely on modern self-service corporate performance management (CPM) and business intelligence (BI) tools. Using interactive Financial Dashboards like the Revenue Comparison and Consolidation Dashboard template shown below enables them and users from the finance and executive teams to experience near real time revenue metrics that help drive faster and better decisions. Who uses Revenue Comparison and Consolidation 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 executives 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 corporate growth and subsidiary analysis:
  • Year-to-date (YTD) revenue tables by general ledger (GL) Category and Account
  • Charts that compare subsidiary revenues for actual and budget figures
  • Entity filter that enables the user to quickly exclude or include any subsidiary
The Revenue Comparison and Consolidation Dashboard template can be used as a key element of the Monthly Reporting & Consolidations process: [caption id="" align="alignnone" width="2560"] Example of a Revenue Comparison and Consolidation Dashboard to Streamline the Monthly Reporting & Consolidations Process Example of a Revenue Comparison and Consolidation Dashboard to Streamline the Monthly Reporting & Consolidations Process[/caption] The Revenue Comparison and Consolidation Dashboard is a ready-to-use Financial Dashboard from the Solver Marketplace. A Brief Description of the Revenue Comparison and Consolidation Dashboard Template Financial Dashboards like the one seen in the image above are interactive and parameter driven and typically contain sections with revenues tables linked to comparative charts. One of the important features that aid the user in the analysis process is the ability to instantly zoom in on any Revenue Category or Account by clicking on a row in the tables and see that item represented by the charts. Revenue Comparison and Consolidation Dashboards are often used in conjunction with revenue trend and variance dashboards, KPI dashboards, profit & loss reports, and revenue budget models. 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 7, 2022