This article will highlight essential reporting and analysis features in Corporate Performance Management solutions.
This article will focus on Excel Budgeting on Cloud for Banks.
Nothing is easier than Excel â When it comes to budgeting for a bank, it all starts with the balance sheet.Â The main component of a bankâs revenue comes from the interest earned from loans and paid on deposits.Â To budget interest, you will need to figure out what the existing loan and deposit balances will look like over the next several months.
This article will focus on the Best Excel Reporting and Budgeting Tools on Cloud for Banks
Excel: How do I love thee? Let me count the ways. (Sonnet 43) â The reason why we all love Microsoft Excel so much is that you can create almost any report you can imagine.Â Take for example this Business Process Management (BPM) report. Â BPM is a systematic approach to making an organization’s workflow more effective, more efficient and more capable of adapting to an ever-changing environment.
This article will focus on Cloud-based Business Intelligence Solutions for Banking.
Why do I love my iPod Classic? â I got my 80GB iPod Classic around 2007. Â I was able to load all 14,000 songs from my library onto it. Â I created several playlists that helped me organize the songs. Â One playlist consisted of heavy metal that got me amped up before going to the gym. Â Another playlist contained acoustic folk songs that were for the morning after a late night of fun. Read more
Visualization has some beneficial side effects. Visualization improves your performance; helps reach your potential, increases focus, boosts confidence, and so much more.
Think about professional athletes. For instance, everyone from tennis player Serena Williams to Arnold Schwarzenegger, who was a world champion bodybuilder before he became an actor, have practiced visualization techniques.
It makes sense to apply visuals to your financial reports and presentations. Think about receiving a stack of spreadsheets full of data. Is this how you extract your financial analysis? This is where a dashboard comes into play. The amount of data being created every year continues to grow tremendously. If your organization wants to make informed decisions, your company leaders need to be able to access and interpret data in real-time.
The ability to act quickly on the data has become a competitive differentiator. A dashboard presents key data on a single page and uses visuals to summarize a large amount of data. In this article, we will discuss how dashboards will help real estate companies that are using Dynamics GP.
What are Dashboards for Real Estate?
Dashboards are defined as charts, graphs, and scorecards that convey data trends, successes, and problem areas with key performance indicators (KPIs), whether you are looking at a product, location, a corporate department in particular, or the entire company. Real estate companies can benefit tremendously. For instance, there are dashboards that allow agents and brokers to have complete control over how their listings are performing and dashboards that show an overview of the real estate projects that contribute the most to the organizationâs revenues.
Dashboards can integrate your organizational data from multiple sources so that youâre able to see what the big picture will look like without having to access your library of applications and systems. If youâre looking for simple, but real-time analytics for your data, you can rely on the built-in dashboard functionality within your Dynamics GP system. Dashboards exist to make sense of your data in one snapshot in a customized format that enables the end-user to view any metric he/she wants.
Benefits of Real Estate Dashboards
With a dashboard solution, real estate companies can see their information organized into one location using visuals that improve operational efficiency by making more informed business decisions in a short amount of time.
Historical data can be produced to identify successes and challenges from the past. Also, real-time data can be used to forecast the power of current business decisions based on future organizational goals. Since company information is reported in real-time, any potential challenges can be identified and corrected to resolve problem issues quickly.
Additionally, it is common to have multiple, easy-to-read dashboards, as opposed to having one dashboard and packing information and visuals into it. This will allow your end-users to know exactly the information they find on each dashboard. For instance, a real estate benchmarking dashboard shows how you can compare the sales performance of your own company against the industry and a competitor, and a chief operating officer (COO) dashboard gives COOs access to a single view about the revenue-generating units (RGUs).
The right dashboard will transform the success in running a real estate company by identifying relevant information from your sources, predicting results early on, eliminating any inaccurate data, and enhancing decision-making for your company. Your company can track information over specific periods of time, monitor current company performance, and summarize important company data by using aesthetically-pleasing visuals such as graphs, charts, and other features. More companies are investing in commercial dashboard tools, but they are facing problems like information overload. If there is too much information or if there are too many visuals, your dashboard will not be easily readable.
How to Choose the Right Technology Platform for Your Real Estate Dashboard
There are several technology platforms to consider when looking to invest in a dashboard. Software that have Excel add-ins may be the easiest choice to implement due to how familiar the spreadsheet program and its functionalities and features are for people who already are familiar with Excel. Dashboards can be produced in the Excel spreadsheet, but interactive visuals are important to executives. An increasing number of real estate companies are looking for web-based tools, including browser-based dashboard solutions, both on-premises and/or in the cloud. Web-based solutions provide access from anywhere you have internet access. There are also mobile dashboard applications for real estate agents who are usually on-the-go and moving from space to space. There are a few independent software vendors (ISVs) creating mobile dashboards, with screen size limited to one KPI or visual each time. There are some dashboard software offerings that join Excel, mobile, and web types of data access.
If youâre on the management team for a real estate company, you will be able to monitor the top 10 projects based on sales, the budget, and the actual sales trend for each project, numbers of units added to inventory, number of available properties per month for a specific project, and many more. Dashboards enable your company to be aware and stay competitive with accessible and business user-friendly analytics. It will be important to come up with specific BI goals and compare with modern dashboard solutions, so you can invest in the best tool for your team. Modern dashboard tools offer powerful and easy-to-use features and functionalities to access, interpret, and understand company data for better decision-making.
Choose Solver for Easy to Use Dashboards
At Solver, we would be happy to answer questions and generally review our Solver Suite’s Excel, web and/or mobile-based, easy-to-use dashboards module (stand-alone and component) in the comprehensive suite of BI modules for collaborative, streamlined decision-making capabilities for real estate organizations using Microsoft Dynamics GP.
Solver enables world-class decisions with BI360, a leading web-based CPM suite made up of budgeting, reporting, dashboards, and data warehousing, delivered through a web portal. Solver is reinventing CPM with its next-generation solution. BI360 empowers business users with modern features including innovative use of Excel in the model design process. If youâre interested in learning more, our team is excited to hear about your organizational needs and goals.
This article will focus on Cloud Reporting for Banks.
Just what is Cloud Reporting? â TechTarget defines Cloud Analytics as a service model in which the reporting and analysis process are provided through a public or private cloud. Â These solutions are typically offered under a subscription-based pricing model called Software as a Service (SaaS).Â Gartner defines the six key elements of analytics as data sources, data models, processing applications, computing power, analytic models and sharing or storage of results. In its view, any analytics initiative âin which one or more of these elements is implemented in the cloudâ qualifies as cloud analytics. Read more
This article is the second part in planning for a KPI design project.
A Key Performance Indicator (KPI) is a lot like a GPS navigation system. A GPS navigation device allows a driver or a passenger to be in charge when making decisions about where to steer next. KPIs are the navigational tools that the team will use to understand whether the business is on a successful journey or whether itâs veering off. As mentioned in the previous article, a KPI can help your company understand if your company is on the right track and if itâs not, it can help your company understand where to focus your attention. According to Klipfolio, a KPI is âa measureable value that demonstrates how effectively a company is achieving key business objectives.â Organizations use KPIs at many levels to assess their success at reaching targets. High-level KPIs focus on the overall performance of the organization whereas low-level KPIs zoom in on processes in departments. In this article, I will cover the last 5 steps in planning for a successful KPI design project for Microsoft Dynamics GP users based on the âDesigning Metrics and Key Performance Indicators chapterâ of Business Dashboards, a book published by John Wiley & Sons, Inc. Read more
This article is the first part in planning for a KPI design project.
A Key Performance Indicator (KPI) can help your company understand if your company is on the right track, and if it is not, it can help your company understand where to focus your attention. Love them or hate them, but KPIs might become the backbone of your business. A true definition of a KPI is a metric that is meant to be a measure that truly matters and that ideally can be acted on. KPIs are financial and non-financial metrics used to help a company define and measure their progress toward company goals. A metric can be the number of customers, the number of sales, or total revenue. Once you have defined your business goals, identifying and aligning the KPIs for your business will be easier and simpler. In this article, I will cover the first 5 steps in planning for a successful KPI design project for GP users based on the Designing Metrics and Key Performance Indicators chapter of the Business Dashboards published by John Wiley & Sons, Inc.