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GL Dashboard – KPI Benchmarking
Who uses KPI Benchmarking Dashboards and What are Some Key Analytical Features? In today’s fast-paced business environment, CFOs are under high pressure to supply end users like board members and leaders with timely and concise Financial Dashboards. Companies use key features like the ones below to support their users with effective analysis that helps drive performance optimization across subsidiaries:
- Year-to-date (YTD) Revenue, Gross Profit and EBITDA metrics for the selected business unit benchmarked against the average of all business units
- Charts comparing the benchmarked entity versus the average of all business units
- Table with Current Ratio, Debt to Asset Ratio and Debt to Equity Ratio
A Brief Description of the KPI Benchmarking Dashboard Template Financial Dashboards like the one seen in the image above are interactive and parameter driven and typically contain sections with KPIs displayed with charts and traffic lights to highlight variances. One of the important features that aid the user in the analysis process is the ability to on the fly analyze and benchmark financial performance of any business unit against a chosen set of subsidiaries. KPI Benchmarking Dashboards are often used in conjunction with financial dashboards, consolidated and individual profit & loss and balance sheet reports, and input models for KPI targets and budgets.
Data Integration to Transaction Systems Most organizations these days want automated and streamlined planning, reporting and analysis. However, many of the benefits described earlier rely on best of breed extended financial planning and analysis (xFP&A) tools and/or Business Intelligence (BI) capabilities as well as data marts or data warehouses that use pre-built integrations to the organization’s ERP system. Oftentimes, they also need integrations to other key data sources like CRM, subscription systems, payroll tools, etc. Modern, cloud-based ERPs like Microsoft Dynamics 365 Finance (D365 Finance), Microsoft Dynamics 365 Business Central (D365 BC), Sage Intacct, Acumatica, Netsuite and SAP have robust APIs which allow for dynamic integrations to xFP&A and BI tools that are fully automated and flexible to run on a schedule or on-demand.
This Solver dashboard template connects directly to your ERP data via the Solver Data Warehouse, enabling near real-time analysis with minimal setup. Designed for QuickStart deployment, it can be activated rapidly so your team can focus on analysis and decisions — not data preparation.
What is the GL Dashboard – KPI Benchmarking in Solver? The GL Dashboard – KPI Benchmarking is a pre-built xFP&A dashboard template in Solver that delivers key financial and operational metrics in a single, easy-to-use interface, eliminating the need for manual data work or custom report development.
Who uses this Solver dashboard template? Cfos, fp&a managers, and business unit leaders use this Solver dashboard template to replace static spreadsheet reports with interactive, near real-time analysis. It supports both ongoing monitoring and ad hoc deep-dives into performance data.
Where does the data come from? Data is sourced automatically from your ERP system through the Solver Data Warehouse, which integrates with platforms such as Microsoft Dynamics 365 Business Central, Dynamics 365 Finance, Acumatica, Sage Intacct, and other leading ERP solutions. Once connected, the template updates in near real-time with no manual data entry required.