What is an Executive Dashboard?
Executive Dashboards are considered decision support tools and are used by leaders to monitor corporate KPIs. Some of the main functionality in this type of dashboard is that it provides analysis from five different perspectives, including: 1) Top sales producers with ranked gross sales and net sales, 2) Top sales channels, 3) Products ranked by volume, 4) Top payers ranked by net sales, 5) Monthly trend gross sales and net sales. You find an example of this type of dashboard below.
Purpose of Executive Dashboards
Pharmaceutical companies use Executive Dashboards to give senior leaders an easy way to watch performance and trends in core business areas. When used as part of good business practices in Executive departments, a company can improve its strategic decisions, and it can reduce the chances that discussions and related execution are slowed down by lack of available data.
Example of an Executive Dashboard
Here is an example of an Executive Dashboard with KPI rankings and monthly sales trends.
You can find hundreds of additional examples here
Who Uses This Type of Dashboard?
The typical users of this type of dashboard are: CEOs, COOs, CFO’s, board members.
Other Reports Often Used in Conjunction with Executive Dashboards
Progressive Executive departments sometimes use several different Executive Dashboards, along with financial statements, annual budgets, KPI dashboards and other management and control tools.
Where Does the Data for Analysis Originate From?
The Actual (historical transactions) data typically comes from enterprise resource planning (ERP) systems like: Microsoft Dynamics 365 (D365) Finance, Microsoft Dynamics 365 Business Central (D365 BC), Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP, Microsoft Dynamics SL, Sage Intacct, Sage 100, Sage 300, Sage 500, Sage X3, SAP Business One, SAP ByDesign, Acumatica, Netsuite and others.
In analyses where budgets or forecasts are used, the planning data most often originates from in-house Excel spreadsheet models or from professional corporate performance management (CPM/EPM) solutions.
What Tools are Typically used for Reporting, Planning and Dashboards?
Examples of business software used with the data and ERPs mentioned above are:
- Native ERP report writers and query tools
- Spreadsheets (for example Microsoft Excel)
- Corporate Performance Management (CPM) tools (for example Solver)
- Dashboards (for example Microsoft Power BI and Tableau)
Corporate Performance Management (CPM) Cloud Solutions and More Examples
- View 100âs of reporting, consolidations, planning, budgeting, forecasting and dashboard examples here
- View a Pharma Industry white paper and other industry-specific information here
- See how reports are designed in a modern report writer using a cloud-connected Excel add-in writer
- Discover how the Solver CPM solution delivers financial and operational reporting
- Discover how the Solver CPM solution delivers planning, budgeting and forecasting
- Watch demo videos of reporting, planning and dashboards