Posts

Example of a Financial Simulation Dashboard for Higher Education Institutions

What is a Financial Simulation Dashboard for Higher Education?

Financial Simulation Dashboards are considered modelling tools and are used by CFOs and analysts to quickly and easily perform what-if analysis to forecast potential outcomes for revenues, expenses and the resulting surplus or deficit. They can use this interactive simulation dashboard to estimate monthly results, and they can also use it to set targets as input for the annual budget or mid-year forecasts.

Some of the main functionality in this type of dashboard is that it provides “sliders” that the user move left or right to make estimates, and the results are immediately displayed in the Surplus/Deficit gauge and charts. The dashboard has the following components: 1) A slider to set the target Margin in %. This then calculates the Margin amount and displays the gap to get there based on the Revenues and Expenses in the simulation, 2) Sliders to adjust all major revenue categories up or down. In the example, these categories include: Tuition, web courses, educational sponsors (grants, donations, etc.), parking fees, consulting fees, 3) Sliders to adjust major Expense components. In the example, these include: Repairs and maintenance, scholarships, research, other expenses, 4) Gauge that calculates the resulting Surplus (or deficit), and 5) Two pie charts that show the breakdown of the simulated revenues and expenses. The filters on the far left enable the user to create scenarios for specific schools, campuses and years. You find an example of this type of interactive dashboard below.

Purpose of Financial Simulation Dashboards

Universities and colleges use Financial Simulation Dashboards to give financial managers a very easy way to create scenarios, and to do what-if analysis and modelling. When used as part of good business practices in Financial Planning & Analysis (FP&A) departments, an organization can optimize its decisions by improving planning agility and speed, and it can reduce the chances that cumbersome models limits the organization’s planning capabilities to only be focused on the annual budget process.

Example of a Financial Simulation Dashboard

Here is an example of a Financial Modelling Dashboard with sliders to simulate revenues and expenses and to instantly forecast potential outcomes.

Example of a Financial Simulation Dashboard for Higher Education Institutions

Example of a Financial Simulation Dashboard for Higher Education Institutions

You can find hundreds of additional examples here

Who Uses This Type of Dashboard?

The typical users of this type of dashboard are: CFOs, analysts, budget managers.

Other Reports Often Used in Conjunction with Financial Simulation Dashboards

Progressive Financial Planning & Analysis (FP&A) departments sometimes use several different Financial Simulation Dashboards, along with Financial statements, financial dashboards, annual budget models, forecast models 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

Marketing Budget Simulation Dashboard Example

What is a Marketing Budget Simulation Dashboard?

Marketing Simulation Dashboards are considered planning and scenario analysis tools and are used by marketing and sales managers to determine the required campaign budget to satisfy the sales team’s lead funnel targets before and after final approval. Some of the main functionality in this type of simulation dashboard is that it starts with the target sales budget figure and guides the user through a simple set of drivers to arrive the marketing budget needed to support the sales target. The sliders seen on the left of the dashboards are “what-if” drivers the user can adjust. They include: Target deal size, Target win rate, Target lead conversion, Target number of leads per campaign, and Target cost per campaign. As the user adjusts each slider, all the related charts and figures automatically update. On the far right, the dashboard displays the resulting required campaign budget, and the user can click the “Open budget form” button to enter the detailed marketing budget. You find an example of this type of simulation dashboard below.

Purpose of Marketing Budget Simulation Dashboards

Companies use Marketing Budget Simulation Dashboards to make it very easy and logical for marketing executives to take a sales budget goal and break it back into a connected marketing budget. When used as part of good business practices in a Financial Planning & Analysis (FP&A) and Marketing department, an organization can improve its marketing budget accuracy, and it can reduce the chances of budget misses because the marketing department didn’t get the funding required to support the sales team’s revenue target.

Marketing Budget Simulation Dashboard Example

Here is an example of a Marketing Budget Simulation Dashboard with interactive sliders for what-if and scenario analysis to arrive at a target marketing budget.

Marketing Budget Simulation Dashboard Example n

Marketing Budget Simulation Dashboard Example

You can find hundreds of additional examples here

Who Uses This Type of Simulation Dashboard?

The typical users of this type of simulation dashboard are: Marketing executives, sales managers, budget managers.

Other Dashboards and Reports Often Used in Conjunction with Marketing Budget Simulation Dashboards

Progressive Financial Planning & Analysis (FP&A) and Marketing departments sometimes use several different Marketing Budget Simulation Dashboards, along with marketing budget input models, sales dashboards, sales reports, campaign ROI reports, CRM pipeline reports, budget summary dashboards, financial statements with trended budget figures 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 corporate performance management (CPM/EPM) solutions. Lead, campaign and pipeline data usually originates from a CRM system like Salesforce or Microsoft Dynamics 365 Customer Experience (D365 CE).

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

Sales Budget Simulation Dashboard Example

What is a Sales Budget Simulation Dashboard?

Sales Budget Simulation Dashboards are considered planning tools and are used by sales executives to model what the sales budget target should be before and after final approval. Some of the main functionality in this type of simulation dashboard is that it automatically combines actual year-to-date sales with forecast and provides interactive sliders where the user can simulate changes to various sales drivers. These drivers are seen on the left side of the dashboard and include: 1) Price increase, 2) Increase in sales headcount, 3) Increase in (average) deal size, 4) Increase in number of qualified opportunities, and 5) Increase in win ratio. Once the sliders have been adjusted by dragging them left or right, the dashboard displays the new sales target to be used in the budget process, and the user clicks the “Open Budget form” button to open the detailed input form for the sales budget. You find an example of this type of simulation dashboard below.

Purpose of Sales Budget Simulation Dashboards

Companies use Sales Budget Simulation Dashboards to enable sales executives to quickly and easily model the total annual sales budget prior to the budget input process. When used as part of good business practices in a Financial Planning & Analysis (FP&A) and Sales department, an organization can improve its sales budget accuracy, and it can reduce the chances that a pure bottom-up sales process misses realistic targets because of lack of sales modelling in the beginning of the planning process.

Sales Budget Simulation Dashboard Example

Here is an example of a Sales Budget Simulation Dashboard with interactive sliders to model the total sales target.

Sales Budget Simulation Dashboard Example

Sales Budget Simulation Dashboard Example

You can find hundreds of additional examples here

Who Uses This Type of Simulation dashboard?

The typical users of this type of simulation dashboard are: Sales executives.

Other Dashboards and Reports Often Used in Conjunction with Sales Budget Simulation Dashboards

Progressive Financial Planning & Analysis (FP&A) and Sales departments sometimes use several different Sales Budget Simulation Dashboards, along with sales budget input models, sales dashboards, sales reports, CRM pipeline reports, budget summary dashboards, financial statements with trended budget figures 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

Example of a Recurring Revenue Forecast Model for a Technology Company

What is a Recurring Revenue Forecast Model?

Recurring revenue forecast models are considered planning and analysis tools and are often used by sales executives and budgeting managers to estimate key subscription-related drivers for the current- and next year. Some of the key functionality in this type of model is that it can both be used to create forecasts and budgets, and it can be used for what-if modelling without storing the resulting data. The example below is driver-based where the user enters beginning customer count, churn, new customers, new ARR and ARR expansion in the yellow cells on the top. The model then automatically calculates all the rows below both for the current year and next year. The resulting metrics includes net customer count, renewal statistics, ARR, MRR and other statistics. You find an example of this type of input model below.

Purpose of Recurring Revenue Forecast Models

Companies use Recurring Revenue Forecast Models to enable managers to quickly analyze future potential revenues and related subscription metrics. When used as part of good business practices in a sales or FP&A department, a company can improve its revenue-related planning activities, from hiring to cash flow estimates as well as reduce the chances that managers make sub-optimal decisions due to lack of visibility into future subscription metrics.

Recurring Revenue Forecast Model Example

Here is an example of a Recurring Revenue Forecast Model for a Technology Company.

Example of a Recurring Revenue Forecast Model for a Technology Company

Example of a Recurring Revenue Forecast Model for a Technology Company

You can find hundreds of additional examples here

Who Uses This Type of Input model?

The typical users of this type of input model are: CFOs, sales executives, budget managers.

Other Input models Often Used in Conjunction with Recurring Revenue Forecast Models

Progressive sales or FP&A Departments sometimes use several different Recurring Revenue Forecast Models, along with detailed subscription reports, recurring revenue dashboards, budget models, profit & loss and cash flow 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

Higher Education Budgeting - Classified Employee Payroll Example

What is a Classified Payroll Budget?

Classified Payroll Budgets are considered employee budget models and are used by budget managers to plan for all classified salary and benefit related personnel expenses. Key functionality in this type of input form automates budgeting for expenses related to permanent and temporary positions. Features include data capture by salary grade, merit changes, insurance, health and retirement benefits and more. Totals by department roll up to the related general ledger expense accounts. You will find an example of this type of input form below.

Purpose of Classified Payroll Forms

Universities and colleges use Classified Payroll Forms to provide the easiest, most secure employee budget model with automated calculations. When used as part of good business practices in a Budgeting and Planning department, a higher education institution can improve its personnel budget process, as well as, reduce the chances that calculation mistakes cause inaccurate expenses.

Classified Payroll Form Example

Here is an example of a University Budget Form for Classified Payroll.

Higher Education Budgeting - Classified Employee Payroll Example

Higher Education Budgeting – Classified Employee Payroll Example

You can find hundreds of additional examples here.

Who Uses This Type of Input Form?

The typical users of this type of input form are: Budget Officers, Department Managers and HR Managers.

Other Input Forms Often Used in Conjunction with Classified Payroll Forms

Progressive Budgeting and Planning Departments sometimes use several different Classified Payroll Forms, along with payroll assumptions, capex, operating expense- and revenue templates 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

Higher Education Budgeting - Unclassified Employee Payroll Example

What is  Unclassified Employee Payroll Budgeting?

Unclassified Payroll Budgets are considered employee budget models and are often used by budget managers to plan for all unclassified salary and benefit related personnel expenses. Key functionality in this type of input form automates budgeting for expenses related to permanent and temporary positions. Features include data capture by salary grade, merit changes, insurance, health and retirement benefits and more. Totals by department roll up to the related general ledger expense accounts. You will find an example of this type of input form below.

Purpose of Unclassified Payroll Templates

Universities and colleges use Unclassified Payroll Templates to provide the easiest, most secure employee budget model with automated calculations. When used as part of good business practices in a Budgeting and Planning department, a higher education institution can improve its employee budget process, as well as, reduce the chances that calculation mistakes causes expense accuracy issues.

Unclassified Payroll Template Example

Here is an example of a University Budget Form for Unclassified Payroll.

Higher Education Budgeting - Unclassified Employee Payroll Example

Higher Education Budgeting – Unclassified Employee Payroll Example

You can find hundreds of additional examples here.

Who Uses This Type of Input Form?

The typical users of this type of input form are: Budget Officers and HR Managers.

Other Input Forms Often Used in Conjunction with Unclassified Payroll Templates

Progressive Budgeting and Planning Departments sometimes use several different Unclassified Payroll Templates, along with payroll assumptions, capex, operating expense and revenue templates 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

Salary Budget Allocation to Grants for Nonprofits - Example

What is a Salary Budget Allocation to Grants?

Salary allocation models for grant budgets are considered planning tools and are often used by budget managers and grant managers to allocate agreed upon employee expenses to applicable grants. Key functionality in this type of input template automatically retrieves the payroll budget by employee and lets the user allocate percentages to grants chosen from a drop down list. The total above each input area shows if 100% of a salary has been allocated or not. The form then calculates and stores the exact amount to each grant by month. You will find an example of this type of input template below.

Purpose of Salary Allocation Models

Nonprofit organizations use Salary Allocation Models to easily calculate how much of a budgeted payroll expense should be allocated to each grant. When used as part of good business practices in a Financial Planning & Analysis (FP&A) department, an organization can improve its grant budgeting, reporting and analysis, as well as, reduce the chances that budgets are inaccurate due to manual calculations.

Salary Allocation Model Example

Here is an example of a Salary Allocation Budgeting Input Form that allocates salaries to grants.

nonprofit,not-for-profit, association, budget, forecast, nfp, program, initiative, grant, allocation, employee, fte, salary

Allocate employee salaries by percent to the applicable grants

You can find hundreds of additional examples here.

Who Uses This Type of Input Template?

The typical users of this type of input template are: Budget managers, grant and program managers.

Other Input Templates Often Used in Conjunction with Salary Allocation Models

Progressive Financial Planning & Analysis (FP&A) Departments sometimes use several different Salary Allocation Models, along with annual budget models with payroll detail, 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)

Corporate Performance Management (CPM) Cloud Solutions and More Examples

Expense Budget Model for State and Local Government Example

What is an Expense Budget Model for State and Local Government?

Expense Budget input forms are considered a key part of annual budget models and are used by budget managers and department heads to enter planned expenses for the next fiscal year. Key functionality in this type of budget template displays multiple years of history as well as prior year’s adopted expense budget. Department managers can adjust the provided baseline budget up or down by a percent or amount. They can also document any important information using the comment fields on each row, and they can enter detail below the GL account level as seen on the input screen. You will find an example of this type of budget template below.

Purpose of Expense Budget Models

State and local governments use Expense Budget Models to easily capture planned expenses, including at the line item detail level with justifications. When used as part of good business practices in a Budgeting and Planning department, a government can improve its annual budget process, as well as, reduce the chances that users neglect to document important funding requests or that the organization doesn’t have time to provide multiple budget iterations or scenarios.

Expense Budget Model Example

Here is an example of an Expense Budget input form.

Expense Budget Model for State and Local Government Example

Expense Budget Model for State and Local Government Example

You can find hundreds of additional examples here.

Who Uses This Type of Budget Template?

The typical users of this type of budget template are: Budget Managers, department heads.

Other Budget Templates Often Used in Conjunction with Expense Budget Models

Progressive Budgeting and Planning Departments sometimes use several different Expense Budget Models, along with payroll input forms, capital budget forms, revenue models 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

Revenue Budget Model for State and Local Government Example

What is a Revenue Budget Model for State and Local Government?

Revenue input forms are considered a key part of annual budget models and are used by budget managers and department heads to capture expected incoming revenue streams for the next fiscal year. Key functionality in this type of budget template displays multiple years of history, as well as, prior year’s adopted revenue budget. Department managers can adjust the provided baseline budget up or down by a percent or an amount. They can also document any important information using the comment fields on each row. You will find an example of this type of budget template below.

Purpose of Revenue Budget Models

State and local governments use Revenue Budget Models to enable users to provide the best possible revenue estimates based on information displayed in the form and minimize questions by providing text comments. When used as part of good business practices in a Budgeting and Planning department, a government can improve its budget accuracy, as well as, reduce the chances that major surprises occur due to missed budget targets.

Revenue Budget Model Example

Here is an example of a Revenue Budget input form.

Revenue Budget Model for State and Local Government Example

Revenue Budget Model for State and Local Government Example

You can find hundreds of additional examples here.

Who Uses This Type of Budget Template?

The typical users of this type of budget template are: Budget Managers and department heads.

Other Budget Templates Often Used in Conjunction with Revenue Budget Models

Progressive Budgeting and Planning Departments sometimes use several different Revenue Budget Models, along with payroll input forms, operating expense budget models 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