Using KPI Dashboard with Trends and Variances to Streamline the Monthly Reporting Process

• KPIs with color indicators based on comparison to budget or last year actuals
• Comparative column charts for year-to-date (YTD) results
• Trend analysis for profitability KPIs

The KPI Dashboard with Trends and Variances template can be used as a key element of the Monthly Reporting process:

Example of a KPI Dashboard with Trends and Variances to Streamline the Monthly

Reporting Process The KPI Dashboard with Trends and Variances is a ready-to-use Financial Dashboard from the Solver Marketplace A Brief Description of the KPI Dashboard with Trends and Variances Template Financial Dashboards like the one seen in the image above are interactive and parameter driven and typically contain sections with charts and indicators for Current Ratio, Debt to Asset, Debt to Equity, Gross Profit, EBITDA and Net Profit KPIs. One of the important features that aid the user in the analysis process is the ability to select parameters such as year, period and company and immediately see charts update with analysis. KPI Dashboards with Trends and Variances are often used in conjunction with profit & loss and balance sheet dashboards and reports. 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 Corporate Performance Management (CPM) 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 CPM and BI tools that are fully automated and flexible to run on a schedule or on-demand. Additional Resources to Aid with Research of Templates, CPM and BI Tools

• Templates from Solver that are pre-built and that work out-of-the-box using the Solver CPM cloud. Click here.
• Template examples: You find more than 500 CPM and BI Template examples here.
• Interactive Dashboard examples: Try Power BI dashboard templates from Solver here.
• Software evaluation and selection:
  • Vendor Comparison and ROI (free interactive tool)
  • Evaluating planning, budgeting and forecasting functionality
  • Evaluating Financial Reporting functionality
  • Evaluating Dashboard functionality
  • Evaluating Data Warehouse functionality to achieve “one version of the truth”
  • Demonstrations and other specific assets: Solver Tour Central
  • Using third party analysts and consultants to aid in vendor selection
• Creating efficient processes:
  • Budgeting, Forecasting and Strategy Planning
  • Reporting and Analysis