Monthly Flash Report

    What is a Monthly Flash Report ? Flash Reports are considered management reports and are often used by executives and finance managers to quickly get a picture of most of the company's important metrics. Some key functionality in this type of dashboard report shows actual and budget data for the current month, last month, same period last year, as well as, for each individual month this year. Variance columns with traffic lights help drive attention to outliers. The rows show key statistical and financial metrics. You will find an example of this type of dashboard report below.
    Drive Faster and Better Business Decisions  Learn how Corporate Performance Management (CPM) software can transform your  organization. Read the Blog
    Drive Faster and Better Business Decisions  Learn how Corporate Performance Management (CPM) software can transform your  organization. Read the Blog
    Purpose of Monthly Flash Reports Companies and organizations use Monthly Flash Reports to easily detect outliers and exceptions in their key metrics. When used as part of good business practices in a Financial Planning & Analysis (FP&A) Department, a company can improve its ability to quickly detect and react to problems or opportunities, as well as, reduce the chances that a situation arises unseen until it is too late. Monthly Flash Report Example Here is an example of a Monthly Flash Report with financial and statistical metrics. [caption id="" align="alignnone" width="1777"] Monthly Flash Report Example Monthly Flash Report Example[/caption] You can find hundreds of additional examples here. Who Uses This Type of Dashboard report ? The typical users of this type of dashboard report are: Executives and Managers. Other Dashboard report s Often Used in Conjunction with Monthly Flash Reports Progressive Financial Planning & Analysis (FP&A) Departments sometimes use several different Monthly Flash Reports, along with financial reports, operational reports, 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)
    Take the Hassle Out of Creating Reports  See examples of how you can create business-critical reports, forms, and  dashboards. Explore the Showcase
    Take the Hassle Out of Creating Reports  See examples of how you can create business-critical reports, forms, and  dashboards. Explore the Showcase
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