In today’s digital world, efficient data management is the key to business success. Making informed decisions based on up-to-date and accurate data is necessary for any business that wants to stay competitive in the market. That’s why having a professionally designed financial dashboard is so important. A financial dashboard is a tool that allows you to track, monitor, and visualize your company’s financial performance in real time.
1. Financial KPIs
Key Performance Indicators (KPIs) are the metrics you use to track your progress toward specific goals. When it comes to financing, some of the most important KPIs to track include revenue, profit, expenses, cash flow, and return on investment (ROI). By tracking these KPIs on your financial dashboard, you’ll be able to quickly and easily see how your company is performing financially at any given moment.
2. Data Visualizations
A picture is worth a thousand words—and this couldn’t be more true when it comes to data visualizations. By presenting data in an easy-to-understand graphical format, you’ll be able to glean insights more quickly and effectively. When choosing data visualizations for your financial dashboard, be sure to use clear, concise, and visually appealing ones.
3. Customization Options
One size does not fit all when it comes to dashboards. That’s why choosing a financial dashboard that offers customization options is important. This way, you’ll be able to tailor the dashboard to meet the specific needs of your business. You may want to customize the layout, colors, fonts, and widget placement.
4. Forecasting Ability
A dashboard where you can collect all your data is a life-saver, but it should also be able to forecast, as it’ll give you a sneak peek into the future based on the data you’re feeding into it. You’ll significantly benefit if you invest in a financial dashboard that can forecast data alongside the historical one.
5. Mobile Accessibility
In today’s fast-paced world, accessing information on the go is more important than ever. That’s why it’s essential to ensure that business stakeholders can access your financial dashboard from mobile devices such as smartphones and tablets. This way, you’ll be able to check on your company’s finances even when you’re away from the office.
6. Integration With Other Systems
For your financial dashboard to be truly effective, it needs to integrate with other systems, such as your CRM system and accounting software. This way, you’ll get a complete picture of your company’s finances—and make better-informed decisions.
At Biz Infograph, we offer an all-financial dashboard package that includes all finance-related dashboards, including the CFO dashboard, cash flow dashboard, budget vs. actual dashboards, sales and profitability dashboard, and KPI dashboard, among others.
You can also sign up for these professionally designed individual financial dashboards.
Get in touch with us today, and we’ll help you get started.