How to create a finance dashboard?

What is a finance dashboard?

A dashboard is more than just a snapshot view. It is a powerful management tool that allows CXOs to perform Root Cause Analysis (RCA) or alert Board Members on potential areas for improvement while highlighting wins and losses. A dashboard is the business analysed into a single slide which seeks to educate, clarify or explain what is working and what is not. 

Business

meet

finance.

Finance is the true objective in business. But in most businesses, the power of finance is never unlocked. When finance understands your business, it gains the unique ability of becoming proactive and pragmatic.

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MAGIC HAPPENS

WHEN FINANCE UNDERSTANDS BUSINESS

Dashboards, like your services or products are not one size fits all.

When built well, they can be the only tool you need to educate, evaluate and escalate.

Finance is the true objective in business. But in most businesses, the power of finance is never unlocked. When finance understands your business, it gains the unique abilities of becoming proactive and pragmatic.

Introducing Prequate's

Alpha

Metrics

the only dashboard that really matters

IF YOU DONT MEASURE IT, YOU CANT IMPROVE IT.



Peter Drucker

Can a single screen answer all these questions about my business?

Of course.

It should in fact. 

Are we on track as a business to achieve our plan? What is the real profitability of the business? What is the real growth in the business? Do we need to re-look at our pricing? Is the organization being run as efficiently as possible? How do we compare with our peers? How healthy is my cash flow position? Are we ensuring a strong level of governance as an organization? What are our top 5 red flags as a business? Are we doing well really? How compliant are we as a business?

 

Are we on track as a business to achieve our plan? What is the real profitability of the business? What is the real growth in the business? Do we need to re-look at our pricing? Is the organization being run as efficiently as possible? How do we compare with our peers? How healthy is my cash flow position? Are we ensuring a strong level of governance as an organization? What are our top 5 red flags as a business? Are we doing well really? How compliant are we as a business?

measuring

growth 

Continuous measurement to an evolving plan than static comparisons

Constructive evaluation than merely showcasing what went wrong

Analysis based on strengthening a business than just mitigating risk

Are we on track as a business to achieve our plan? What is the real profitability of the business? What is the real growth in the business? Do we need to re-look at our pricing? Is the organization being run as efficiently as possible? How do we compare with our peers? How healthy is my cash flow position? Are we ensuring a strong level of governance as an organization? What are our top 5 red flags as a business? Are we doing well really? How compliant are we as a business?

tracking

efficiency

Emphasizing those aspects that matter than those that are just common practice

Balancing long term & short term risks than just overall emphasis

A diagnostic analysis than just highlighting data as unrelated events

Are we on track as a business to achieve our plan? What is the real profitability of the business? What is the real growth in the business? Do we need to re-look at our pricing? Is the organization being run as efficiently as possible? How do we compare with our peers? How healthy is my cash flow position? Are we ensuring a strong level of governance as an organization? What are our top 5 red flags as a business? Are we doing well really? How compliant are we as a business?

managing

cash efficiently

Customized to the uniqueness of the business than rules of thumb

Root cause analysis of a problem than merely highlighting a number

Action oriented analysis than merely an academic exercises

Are we on track as a business to achieve our plan? What is the real profitability of the business? What is the real growth in the business? Do we need to re-look at our pricing? Is the organization being run as efficiently as possible? How do we compare with our peers? How healthy is my cash flow position? Are we ensuring a strong level of governance as an organization? What are our top 5 red flags as a business? Are we doing well really? How compliant are we as a business?

ensuring

governance

Measuring and tracking things that matter than just the financial aspects

Looking at overall health with a microscopic view of compliance

Measuring effectiveness than just the efficiency of board initiatives

Why Us?

When do you know you need

Alpha Metrics?

CXOs tend to ask a few questions that indicate the need for intelligent and diagnostic reporting in their organizations. If you identify with these yourself, there is a great chance that you will see tremendous value with Alpha Metrics.

We need to close our books of accounts a lot faster. Monthly close takes weeks, sometimes - months.

I feel that there can be a better way to look at our financial management and improve cash flow.

Our finance team’s reports are mostly for statutory reporting and regulators. Can they be used to help me manage business better?

My CFO’s role has been mostly to manage the finance team’s operations.

Can there be more 'proactive'ness from my finance team? I rely on them only for post-mortem now!

I do not get ‘intelligence’ from my finance team. Mostly requested reports, not very actionable though.

 I do get an MIS. A Balance sheet, income statement, cash flow, some accounting schedules and some information I have identified as necessary. 

Do any of these sound familiar?

I'll decide later.

see some case studies too

LEAF

Apr - Aug 18

Challenging status quo, fundamentals, running simulations of strategic decisions and working with the business in implementing transformations.

ROI

2,539%

SILVER

Sep - Dec 17

Approach of merging management practices to finance and solving problems in a manner that is sensitive of stakeholders and their exepectations.

ROI

1,333%

PEPPER

May - Mar 18

Internal measures to reduce the cost of goods sold only gave marginal improvements. Outdated benchmarks overhauled with real-time casting tools.

ROI

1,769%

What else can we do?

Business Roadmap Advisory
Strategic Finance Office
Investment Banking
Sell-side
Investment Banking
Buy-side
Mergers & Acquisition
Advisory

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