Inefficient financial policies can add to your business debt. Many Canadian firms are currently struggling to manage their finances. This is why you should use modern tools like financial dashboards to ensure your firm’s finances stay on track.
A financial dashboard is a top-notch tool that provides real-time data. As a firm owner or corporate worker, you’re likely aware of the importance of data in today’s digital era. Financial dashboards can help you use data to generate insights.
Keep reading this blog to learn about three financial dashboards that can help you conduct efficient financial reporting.
Finance Scorecard
Looking for a tool to analyse your firm’s financial performance? You must purchase a finance scorecard. It’s one of the best tools to help your financial department make staunch strategies. Companies prefer using financial scorecards because they offer real-time data on multiple key performance indicators. Here are several KPIs you can check from a finance scorecard:
- Annual budget
- Compounded annual growth
- Budget creation cycle time
- Operating expense ratio
- Expense budget variance
- Working capital
- Operational initiatives
Cash Flow Dashboard
The pandemic has evolved consumer behaviour. Companies have to sell their products and services physically and on online platforms. Managing the finances of the physical and online platforms can be challenging. In such circumstances, we recommend you use a cash flow dashboard to identify loopholes in your company’s cash flow.
Profit Margin Dashboard
Want to amplify your firm’s profits? You should get a profit margin dashboard. This tool can help you keep a close eye on your company’s profits. You can identify the low and high-performing products by using this dashboard and draft business strategies accordingly.
Get Your Hands On Top-Cass Financial Dashboards
Struggling to manage your finances in 2022? It’s time to get your finances back on track by visiting Biz Infograph. We’ve created an online platform that offers various financial dashboards to help small and large corporations create extensive financial reports. We also provide dashboards for various business departments, including sales, HR, and supply chain.
Our team also understands the importance of creating an excellent presentation in the corporate sector. We provide exceptional slide templates that are compatible with PowerPoint and Google Slides.
Get in touch with the team at Biz Infograph to learn more about our financial dashboards and slide templates.