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GL Dashboard – 24 Month Profit Trend
Who uses 24 Month Profitability Trend 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 executives with timely and concise Financial Dashboards. Companies use key features like the ones below to support their users with effective analysis that helps drive growth strategies and profit maximization.
- Prior year, budget and current year estimate (actual + forecast) comparative figures
- Monthly trend charts
- Period, company and other filters that dynamically drives the dashboard
A Brief Description of the 24 Month Profitability Trend Dashboard Template Financial Dashboards like the one seen in the image above are interactive and parameter driven and typically contain sections with margins (%) and amounts displayed graphically in monthly trend charts for Gross Profit, EBITDA and Net Profit. One of the important features that aid the user in the analysis process is the ability to view the actual plus forecast figures that automatically make the full year estimate by adding forecast for the remaining months to the actual historical months. 24 Month Profitability Trend Dashboards are often used in conjunction with profitability variance and KPI dashboards, profit & loss reports, and cash flow models.
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.