The blog article is the second entry in the series about using Corporate Performance Management (CPM) for digital transformation.
This article will focus on the demand for convergence of Business Intelligence and Corporate Performance Management tools and why this benefits mid-market companies.
The latest release of the Gartner Magic Quadrant for Business Intelligence strengthened my conviction that the market will see consolidation between the Business Intelligence/Visualization (BI) and Corporate Performance Management (CPM) vendors. Gartner classifies them in separate quadrants because the respective tools are evaluated differently during the sales process. Furthermore, BI tools usually sell into marketing and sales teams while CPM targets finance and accounting professionals. Consequently, there has been limited Mergers and Acquisitions (M&A) in the space. Note that this article assumes readers are familiar with the basic definitions to focus on a narrative explaining the demand for their convergence.
This article focuses on using dashboards in monthly financial presentations for stronger decision-making.
Graphics are everywhere. They are literally everywhere we go, filling our kitchen pantries and even the clothes we wear. Red Crow Marketing Inc. mentions that “digital marketing experts estimate that most Americans are exposed to around 4,000 to 10,000 advertisements each day.” If we’re drawn to visuals, doesn’t it make sense to apply visuals to your financial reports and presentations? Think about receiving multiple pages of spreadsheets full of data. Is this how you best extract your financial analysis at the end of every month? This is where a dashboard comes in handy. Dashboards are defined as charts, graphs, and scorecards that convey data trends, successes, and problem areas with key performance indicators (KPIs), whether you are looking at a store, region, product, and a corporate department in particular, or the entire organization. A dashboard presents key data from various financial and operational sources on a single page, and uses graphs and tables to summarize a large amount of data. In this article, Solver Controller Gina Louie will talk about her experiences in presenting month-end financial presentations to the management team.
This article will discuss the process of preparing for a successful dashboard implementation.
There is power in storytelling. As humans, we find purpose in moving people to do great things. We use stories to make sense of things whether it’s giving your friend advice or explaining a business concept to your coworker. Well-designed dashboards tell a meaningful story with data in the form of charts, graphs, and scorecards that exhibit trends, opportunities and challenges with key performance indicators (KPIs) for your organization. Many software implementations can be difficult, and only a few companies today achieve “perfect” software implementations on their first try. If you are reading this article because your company recently purchased a dashboard tool or if you are wanting to invest in one, don’t feel discouraged. I’m here to help. In this article, we will discuss preparing for your first dashboard implementation.
This article will focus on dashboard tips and tricks that enable organizations to understand their company data better for stronger decision-making.
All companies, no matter the size, benefit from Business Intelligence (BI). Of all BI tools, dashboards are often seen as a top priority especially to Chief Financial Officers (CFOs) and other executives. According to Software Advice, a comparison site for Business Intelligence tools, dashboards, scorecards, and performance management software are priority number one for today’s financial executives. Dashboards provide quickly accessible, easily digestible analytics. It is an overview of your key information at a glance. Data Visualizations are graphs, charts, and scorecards that showcase data trends, opportunities, and challenges with key performance indicators (KPIs) for departments, projects, and/or the entire corporation. Making wise decisions is crucial for every organization because it heavily weighs on the company’s performance and condition, but just because an organization uses a dashboard, doesn’t mean it will be successful. In this article, we will focus on why a simple dashboard layout is typically the best kind of dashboard layout.
Solver Global came together at one location last week to host its annual Focus customer and partner conference at the Hilton La Jolla Torrey Pines hotel in sunny San Diego, California. Solver kicked off the conference with two-day intensive training classes designed for beginning and advanced users. There were valuable information-sharing sessions that attendees came to expect with additional learning and networking opportunities, including a dynamic keynote speaker. Continue reading
This article is an introduction: I’ll tell you a little bit about myself and my entry into the Business Intelligence realm, as well as my plans to blog about management solutions.
My name is Hanna Kim, and I’m an Angeleno. If you live in Los Angeles, you will notice that the city is not full of natives, but it is rather a melting pot of people with interesting stories, and I absolutely admire that about this city. As a story lover, I love traveling. I enjoy learning about different cultures and history, but the most fascinating part of traveling is finding layers about myself that I never knew about. It is always a humbling experience.
Getting an overview of your sales, top customers and products is quick and easy with BI360 dashboards. With intuitive, drag-and-drop simplicity, you can customize your data and create dashboards on the fly with pre-defined widgets and modules.
BI360 dashboards are web-based for both designers and end users, and offer total visibility into your business. Like every other BI360 product, our dashboards are created for business users and don’t require advanced levels of technical expertise. Plus, they offer out of the box integration for real-time ERP or data warehouse-driven dashboards. BI360 dashboards are part of the BI360 Portal and come integrated with the BI360 web reporting module, providing a single environment both for financial reporting and for dashboards. In other words, if a manager is looking at a sales dashboard, he or she is just a click away from running a live balance sheet report and drilling down into a cash account to see live transactions from the ERP database. BI360 is the only BI suite that provides this type of flexibility within a single solution and a single web portal!
Watch this quick demo of how to easily design your own dashboards with key metrics in just minutes!