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Empower your finance personnel with ready-to-use finance dashboards to help them track and monitor the company’s expense, sales, and profits in real-time, improve financial reporting, and take necessary actions before it goes beyond control.Get Started
Whether you’re working at a large corporation, small business, or non-profit organization, as a member of your AP team, you need to produce quarterly or annual reports. However, these reports should not only be standard but also for senior management. This is where finance dashboards prompt in. Finance dashboards give an illustrative data visualization that displays the key financial metrics. The graphical representation of data opens the door for a more collaborative environment in which authorized personnel can access and share easy-to-interpret data at a commonplace efficiently.
Comprehensive financial data visualization can speak 1000 words about your business’ success. Finance dashboards can help you visualize numbers to take appropriate actions to increase productivity. The graphical representation of data can bring up questions like “Why did we generate less revenue against the target goals?” and initiate discussions.
A dashboard ensures shared financial understanding and engagement. It gives a common view to every team member, helping finance amateurs to gain a better understanding of financial terms and deliver improved financial reporting. Finance dashboards also draw the attention of the board members and finance personnel to the level of information that they need to be familiar with.
Dashboards enable business leaders to define key performance indicators (KPIs) and metrics that measure their success. Using a dashboard helps you pay attention to your firm’s priorities and measures of success and make informed decisions. Working with an all-inclusive and thoughtfully-designed finance dashboard helps you ensure that everyone is aware of the current priorities and key metrics.
What’s the amount of money you have left over from product sales after COGS?
What is the current status of your EBIT development over time?
How are you going to optimize your operating costs effectively?
How well are you able to increase your company’s net profit?
How is your company’s financial health – stable or unstable?
Can you manage to pay off your short-term liabilities and debts?
How stable is your company’s liquidity health?
How effective and efficient are you in turning your resources into cash?
Are you paying off accounts payable in a timely manner?
How efficiently and productively are you able to process your invoices?
Is your budget variance favorable, realistic, and accurate?
How profitable your company is in relation to the shareholders’ equity?
Cramming too many financial KPIs into one dashboard can bring no good to your organization. Creating specialized finance dashboards is the best practice to focus on specific area analysis which helps in staying organized and gain actionable insights.
At Orange Mantra, we have custom dashboard solutions for every requirement. Whether you need to create dashboards for analyzing profit and loss, profit margin, financial performance, accounts receivable and payable, and cash management, our bespoke finance dashboards can perfectly fit your business requirements and goals.
Dashboard creation should involve an active participation of executives who understand business challenges and has the authority to implement things. This will help them to focus throughout the project development without losing interest. Their enthusiasm can prevent your dashboard from fading into irrelevance.A profit and loss dashboard displays a summary of revenue generated, business’ expenses, and cost acquired over a course of a financial year. P&L dashboards resemble bank statements that help finance personnel to find new ways to minimize unnecessary business spends and raise the bottom line. The top key performance indicators (KPIs) of a P&L dashboard include gross profit margin, net profit margin, operating profit margin, operating expense ratios, and more.
A cash management dashboard is the best practice to monitor the cash flow to improve the financial health of your company. It helps you determine whether your company will be able to pay short-term obligations. The two primary metrics for a cash management dashboard are the Current Ratio and the Quick Ratio. For both the ratios, you need to ensure that the ratio is always higher than 1:1 so that you are able to pay off your liabilities and debts in a timely manner. By analyzing your forecasts and your realistic results on the dashboard, you can easily spot areas that require improvisations.
A thoughtful CFO scorecard or profit margin analysis combines financial data from all your data sources and creates a simple, centralized, and streamlined place to manage budgets and see income statements of your company. It also incorporates information on cash flow and the detailed value of specific assets. A CFO scorecard is exclusively designed to efficiently manage your company’s assets, liabilities, debts, cash flow, and income statement against your predictions. With this dashboard, you can also view the maturity of AR and AP by region depending on varied time periods like week-to-date (WTD) and year-to-date (YTD).
Financial performance dashboards are designed to give a big picture of how you should spend your revenue. It displays primary metrics such as Return on Assets (ROA), Working Capital Ratio (WCR), Return on Equity (ROE), and Debt-Equity Ratio (DER) that influence your company’s overall financial stability and balance. Including these four metrics in your dashboard can help you gain valuable insights into revenue liability and invest opportunities to ensure your company’s success.
AR and AP dashboards help you enumerate and understand your current accounts receivable and payable situations. Two important metrics to measure where your business stands include Accounts Payable Turnover Ratio and Accounts Receivable Turnover Ratio. These two metrics indicate how many times your company can pay its balances over a year or timeframe and how effective your business is in extending credit, and collecting payment over a course of an year or specific period.