Data dashboard
Key Features of an All-in-one Dashboards
Customizable layout
o Can change sizes of the graphs
Interactive Date Visualization
o Using charts, graphs and interactive dashboards
Real-time Data Updates
o Any changes of the fs, it will automatically compute in the dashboard
Knowing the needs of your audience
1. Understanding user roles and responsibilities
o Access to the dashboard
2. Identify key performance indicators
o Indicate the current situation of the company
3. Prioritize actionable insights
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4. Promote user adoption
Visualizing data trends and insights
1. Identify key trends
o Historical trends and patterns
2. Detect anomalies
o Ask why the amount is such and why is it different from what is
expected or forecasted
3. Forecast future performance
o What actions to be taken to improve the results and trends
Customizable Reporting and Analytics
1. Flexible report generation
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2. Advanced analytics and modeling
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3. Automated alerts and notifications
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4. Collaborative sharing and annotation
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Customizable dashboards
- No standard format on how it should look like
o Can be personalized based on management standards
Streamlining decision making processes
1. Consolidate data
o Data from multiple sources
2. Identify insights
o Identify trends and patterns
3. Inform decisions
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Integrating multiple data sources
1. Database integration
o The more complete the data the more appealing the dashboard
2. Spreadsheet connectivity
o Connecting worksheets to worksheets
3. Cloud data connections
o For convenience purposes
4. API integrations
o Application Programming Interface
o These are the software used
Enhancing Operational Efficiency
1. Automated Reporting
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2. Proactive Alerts
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3. Collaborative Workflows
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4. Predictive Analytics
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Automated reporting
1. Streamline dashboards
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2. Scheduled deliveries
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3. Customizable templates
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Centralized Data Monitoring
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Real time data insights
Introduction to Financial Data Dashboards
Dashboard
- Should provide the summary
Importance of data visualizations
- At a glance you would see results and create decisions or analysis
Use of financial dashboards
Centralized data monitoring
o Top management
Can see who the best performing segments in the company are
Informed Decision-Making
o Can quickly interpret the data
Improved Performance
Key Metrics for Financial Dashboards
1. Revenue trends
o Actual and projections
2. Profit margins
o Monitor gross profit
o Identify areas of improvement
3. Cash flow Analysis
o To know if the company has sufficient amounts of cash
o Provide a ceiling or reorder point
If the cash amount is lower than this, then the company is in the
red
Cash le
4. Key Performance Indicators (KPI’s)
o not necessarily financial in nature
o gross profit, return on asset, return on equity, return on sales
du pont analysis
o revenue tracking
o profitability metrics
gross margin, ROI, ROE
o customer acquisition and retention
not financial
patronage cards, advantage cards, suki cards, green card, SMR
tracks retention and acquisition of customers
Designing an Intuitive Dashboard Layout
clear Structure
o easy to navigate
o logical manner
o easy to understand
the colors in itself will indicate the performance of the
organization
Responsive Design
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Effective Data Visualization
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Integrating Multiple Financial Data Sources
Data integration
o Integrating multiple data sources
o Centralized dashboards
Seamless Connectivity
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Robust Analysis
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Customizing Dashboards for Different Stakeholders
Executives
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Finance Team
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Operations
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Sales
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Leveraging Interactive Features
Ensuring data security and privacy
Encryption and access controls
o passwords
Disaster recovery planning
o Means and ways to recover or have backups
o How often do you backup files?
Compliance and regulations
o Legal data
Audit trails and monitoring
o Changes to the data
o Who changed the data in the dashboard?
o To identify unauthorized logins
Monitoring and Updating Dashboards
1. Ongoing monitoring
o Continuous review
2. Analytic integration
o Computation of ratios
3. Timely updates
o Should be easily editable
Sales Trends *suggestion: provide notes as to what are these ratios
- Total revenue
- Average order value
- Sales growth
Expense Tracking
Inventory Management
Streamline inventory tracking
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Optimized warehouse operations
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Intelligent data insights
Customer Insights
Demographic analysis
Behavioral patterns
o Seasonal products
Sentiment and feedback
Forecasting and projections
1. Predictive analysis
2. Scenario planning
o What if
3. Goal-oriented projections
Benchmarking and comparisons
Reporting and visualization
