Add to favorite
GL Exception Dashboard – Balance Sheet
Who uses Balance Sheet Exception 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 finance team members and analysts with timely and concise Financial Dashboards. Companies use key features like the ones below to support their users with effective analysis that helps drive fiscal control and planning.
- Top five variances versus prior year for current and non-current assets and liabilities
- Top five GL account level variances for all assets and liabilities
- Ranked charts based on amount of variance vs prior year
A Brief Description of the Balance Sheet Exception Dashboard Template Financial Dashboards like the one seen in the image above are interactive and parameter driven and typically contain sections with bar charts and interactive filters. One of the important features that aid the user in the analysis process is the ability to do graphical analysis with side-by-side comparisons of top variances both in percent and amounts. Balance Sheet Exception Dashboards are often used in conjunction with KPI and trend dashboards as well as detailed balance sheet 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 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.