How can you improve the quality and speed of your decision making with dashboards? By having access to real time, accurate information that is easily digestible, you can view many aspects of your business with a click of a button. Effective dashboards can be tailored specifically to show the metrics you want to view on a regular basis.
For most important elements of life, the only way to make a good decision is through accurate and comprehensive insight. Business is no exception. In order for an entrepreneur to make the right decisions on behalf of a business—decisions that yield growth, and profitability—he or she needs to have total knowledge of the business’s current standing.
That’s where software tools that offer dashboard access come into play. With strong solutions that enable dashboard usage, business owners can enjoy streamlined functionality and high visibility of their company’s growth and health.
What Can You Do With a Dashboard?
When business owners understand the financial standing of their business, decisions become easier to make because priorities become clearer. For example, a company with declining sales might not rush to spend more on production; instead, they might opt to put funds toward advertising to drive revenue.
Dashboards serve as a tool to provide visibility as to a company’s financial health and performance. In particular, they can be great for analyzing the business context of transactions, operational measures, and performance versus budgets. By measuring these metrics and more, owners and managers can access or create reports that display real-time performance by key business drivers. Best of all, dashboards allow all of these metrics to be pulled from one convenient location and be organized centrally for ease of consumption.
Customizable dashboards and reporting allow for quick, yet deep, insight into the financial health of a business. This visibility promotes data-driven decisions that owners or managers can make to strengthen the company.
Benefits of Using a Dashboard
With the implementation of a high-functioning dashboard comes several benefits, including:
- Increased efficiency, with dozens of hours saved per month on reporting;
- Improved visibility to view real time information;
- Ability to quickly interpret information and make decisions
- Ability to dive deeper into trends using visualizations;
Ultimately, businesses that harness the power of a dashboard may position themselves for greater success in the long run. Companies who review real time information using dashboards can expect to shorten their monthly close process, reduce A/P and payroll workloads by a significant extent, and make sound decisions that reflect the true needs and financial capability of the business, to name just a few.
Of course, dashboards don’t live all on their own; rather, they are a feature of a holistic finance and software solution that allows executives to make quick and informed decisions on behalf of a company. These decisions can only be made with an in-depth understanding of the business’s needs, and having a customized dashboard that gives you everything you need to know in one place is one effective way of gauging these needs.
There’s no need to stick to older, more clunky programs when you can consolidate and reap the benefits of unsurpassed financial visibility. Contact us to learn more about leveraging the powerful technology of a dashboard for your business, so you can take your financial performance to the next level.
Learn more –> Download Product Brochure Sage Intacct Reporting and Dashboards or visit our Sage Intacct information page
