How to Customize Budgeting Reports: Part 2

This article concludes the “Customize Budgeting Reports” series.

 

Corporate Examples

KPI Exception Report

With this report, executives don’t have to log in to a BI solution to actively monitor their most important metrics. Instead, they use the Business Intelligence (BI) solution to monitor Key Performance Indicators (KPIs). If a different manager owns KPIs, he or she may already have entered an explanation for the variance via comments.

 

KPI Report with Comments

A KPI Report that enables users to write comments can further filter the report’s most critical information for other users. For example, comments can quickly explain an anomaly, saving users’ time from having to investigate themselves.

 

PL with Comment Analysis

This is a rare but highly valuable report. With this report, a user can “scoop” up comments across all departments, as these likely represents important issues. After some time, the user can analyze if any issues are recurring.

 

Executive Briefing Card

This report provides key information for a certain type of manager (executive, sales, services, etc.) in a single page.

 

CFO Dashboard

This report contains a summary of key financial information related to revenues, liquidity, payables and receivables. The most powerful dashboards either support the user’s responsibilities or provide an in-depth focus on a specific business area.

 

Benchmark Dashboard

This dashboard focuses on the performance of your own organization.. For example, a benchmark dashboard monitors your business performance compared to competitors or industry averages, when available.

 

General Ledger Exception Report

This report is a way for executives to find important issues across the entire organization at a glance. It produces all variances above a certain threshold, across all departments and subsidiaries in a single report.

 

DecisionPack

Oftentimes, managers are busy or do not have the means or skills to quickly analyze important areas for their business unit. A “DecisionPack” presents all significant reports and graphics within a single workbook or presentation. Some Corporate Performance Management (CPM) solutions can produce these automatically as workbooks in Excel or as storyboards/playlists within web portals.

 

Departmental Examples

A modern BI solution should provide each with a tailored set of reports, dashboards and planning templates for each department.  These departmental-level templates allow managers to “drill down” into detailed information, improving the communication and understanding of individual operational areas.

 

Departmental Dashboard – Product Sales

This dashboard targets a single area like sales and within it, provides a product point of view.

 

Transaction report – Product Sales

This type of report is particularly powerful within a BI solution, specifically when tied to a KPI report or a dashboard. Having the necessary information within the BI portal saves money on software licenses. Now, a manager doesn’t have to use an ERP system for transaction-level analysis.

 

Operational P&L Based on Allocations

While companies produce profit and loss reports with relative ease, producing profitability by product, customer or project requires more work. This is usually because most companies do not book all or any of their expenses by business area. Therefore, a good BI tool should deliver advanced allocations and produce an array of profitability reports at ease.

 

Cross Drill Transaction Reports

It is very powerful for any information worker to have KPIs, dashboards and reports easily available within the same BI tool. Due to time, skills, and access rights, analysis sometimes becomes amputated because it stops with a transaction report. Modern CPM tools allow for a cross drill.

 

Transaction Report with Drill to Scanned Invoice

An increasing number of companies are going paperless in many areas of their operations. This typically includes acquiring a document management system that can upload receipts and invoices to the ERP system. These scanned documents often contain detailed information not booked in the ERP system. A document management system reduces dependency on the accounting department to find and access scanned documents.

 

Customer360 Reports

“Customer360” refers to a type of report that provides a 360 degree view of a customer. As organizations automate administrative and operational processes , there is an increasing amount of data available for customers, products, sales people, etc. All the information is collected into a single database like a data warehouse and then produced into a single report. This, ultimately, enables world-class decisions. This report should provide key information about a specific customer and produce a single score.

 

Organizations depend on accurate reporting to drive high-level decisions. However, the variety of reports available shows us that a top BI solution can provide deep insights with ease. From readily identifying recurring issues to calculating certain clients or projects’ profitability, the reports described above show the value of reporting. If you need assistance or help, Solver has a team of experienced professionals that can help your company.

Solver enables world-class decisions with BI360, leading web-based CPM suite made up of budgeting, reporting, dashboards, and data warehousing, delivered through a web portal. Solver is reinventing CPM with its next generation solution. BI360 empowers business users with modern features including innovative use of Excel in the model design process. If you’re interested in learning more, our team is excited to hear about your organizational needs and goals.

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