Challenge:
Streamline financial reporting for a firm that provides accounting services to clients, whom requires essential financial reports delivered in a timely manner
The current process which involves extracting, loading of data and creation of reports, all consist, mostly of manual task which ultimately takes chunk of work time. This is specially the case during month’s end where the firm is required to hand over the multiple reports for their clients.
Solution:
The solution was designed to equip organization, quick access to accurate financial information. Developed with the following goals in mind; move traditional financial reporting in excel to modern BI dashboards, to empower customers with an efficient tool to track financial health and performance.
The Financial Dashboard consists of the following views and capabilities;
- Financial Overview
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- Main KPIs to track P&L
- Dynamically switch between two period scenarios (YTD or MTD)
- Compare using any of the two benchmarks/goal (vs Budget or vs Last year)
- Assets, liabilities and expenses summary
- Income Statement
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- KPI Funnel
- Month-over-Month Trend
- Switch between graphical and table view
- Balance Sheet
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- Full tabular view of balance sheet for export
Impact:
It allows the team to focus on the core operations which equates to more confidence on onboarding additional clients. It dramatically reduce time it takes from accessing the vital data and sending client reports and at the same time keep their clients satisfied and always on tabs of their growth and performance.
This template (with sample data) is provided for free to all newsletter subscriber of metricalist.com.
You can find and download for free the template from the following solution page: Financial Performance Overview
Contact us to have a custom report built for your company.
Email: info@metricalist.com
