Purpose of Restaurant Performance Dashboards Hospitality companies use Restaurant Performance Dashboards to provide a high level snapshot of statistical and revenue trends and comparisons. When used as part of good business practices in FP&A departments, a company can improve its operational tactics, and it can reduce the chances that low performing areas go under the radar with resulting lack of action.
Example of a Restaurant Performance Dashboard Here is an example of a Restaurant Dashboard with trends and comparative metrics.
Who Uses This Type of Dashboard? The typical users of this type of dashboard are: Executives, CFOs, Analysts, Restaurant Managers. Other Reports Often Used in Conjunction with Restaurant Performance Dashboard Progressive FP&A and Executive departments sometimes use several different Restaurant Performance Dashboards, along with detailed financial statements, corporate dashboards, forecast models, budgets, KPI scorecards and other management and control tools.
Where Does the Data for Analysis Originate From? The Actual (historical transactions) data typically comes from enterprise resource planning (ERP) systems like: Microsoft Dynamics 365 (D365) Finance, Microsoft Dynamics 365 Business Central (D365 BC), Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP, Microsoft Dynamics SL, Sage Intacct, Sage 100, Sage 300, Sage 500, Sage X3, SAP Business One, SAP ByDesign, Acumatica, Netsuite and others. In analyses where budgets or forecasts are used, the planning data most often originates from in-house Excel spreadsheet models or from professional corporate performance management (CPM/EPM) solutions.
What Tools are Typically used for Reporting, Planning and Dashboards? Examples of business software used with the data and ERPs mentioned above are:
- Native ERP report writers and query tools
- Spreadsheets (for example Microsoft Excel)
- Corporate Performance Management (CPM) tools (for example Solver)
- Dashboards (for example Microsoft Power BI and Tableau)
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TAGS: Reporting, Planning, Forecasting, Analysis, Budgeting, CPM, KPIs, ERP, Dashboards, Industry, Financial Reporting, Template Library