What is a Financial KPI Dashboard?

Financial Key Performance Indicator (KPI) Dashboards are considered corporate dashboards and are often used by executives and board members to analyze the big picture of the organization’s monthly performance. Some of the key functionality in this type of dashboard is that it provides a view of the top 3 KPIs for Revenue, Profitability and Liquidity. Each visualization shows the metric as a figure in addition to the KPI target with the variance and the multi-month trend. The bottom of the dashboard provides covenient links to other, more detailed dashbaords as well as to formatted financial reports. You find an example of this type of dashboard below.

Purpose of Financial KPI Dashboards

Companies and organizations use Financial KPI Dashboards to provide executives with a single, convenient screen to see vital financial metrics. When used as part of good business practices in a Financial Planning & Analysis (FP&A) department, a company can improve its executives’ ability to frequently and easily monitor performance as well as reduce the chances that significant financial issues goes under the radar until decisions can be made to correct them.

Financial KPI Dashboard Example

Here is an example of a modern Financial KPI Dashboard with metrics, variances and trends.

Financial KPI Dashboard Example

Financial KPI Dashboard Example

You can find hundreds of additional examples here

Who Uses This Type of Dashboard?

The typical users of this type of dashboard are: Executives, board members and financial managers.

Other Dashboards Often Used in Conjunction with Financial KPI Dashboards

Progressive Financial Planning & Analysis (FP&A) Departments sometimes use several different Financial KPI Dashboards, along with operational dashboards, detailed financial reports 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