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Example of a Ticket Sales Dashboard for Professional Sports Organizations

What is a Ticket Sales Dashboard?

Ticket Sales Dashboards are considered revenue analysis tools and are used by analysts and ticket sales managers to monitor sales by ticket vendor and seat type. Some of the main functionality in this type of dashboard is that it provides analysis from four different perspectives: 1) Pie chart – Total ticket sales by seat type for the current and prior year seasons, 2) Column chart – Total ticket sales by seat type for the current and prior year seasons, 3) Pie chart – Total ticket sales by vendor for the current and prior seasons, and 4) Column chart – Total ticket sales by vendor for current versus prior season, ranked by vendor sales. Using the filters on the top of the screen, the user can filter by year, regular season/pre-season/Post-season as well as Home/Away games. You find an example of this type of dashboard below.

Purpose of Ticket Sales Dashboards

Professional sports organizations use Ticket Sales Dashboards to give managers an easy, single screen interface to monitor essential ticket sales metrics. When used as part of good business practices in Financial Planning & Analysis (FP&A) and Ticket Sales departments, an organization can improve its revenues and related strategies, and it can reduce the chances that any ticket vendor or seat type performance issues are not quickly discovered.

Example of a Ticket Sales Dashboard

Here is an example of a Ticket Sales Dashboard with analysis of vendor and venue seating sales metrics.

Example of a Ticket Sales Dashboard for Professional Sports Organizations

Example of a Ticket Sales Dashboard for Professional Sports Organizations

You can find hundreds of additional examples here

Who Uses This Type of Dashboard?

The typical users of this type of dashboard are: Team owners, executives, CFOs, Ticket Sales Managers.

Other Reports Often Used in Conjunction with Ticket Sales Dashboards

Progressive Financial Planning & Analysis (FP&A) and Ticket Sales departments sometimes use several different Ticket Sales Dashboards, along with profit & loss reports, annual budgets, sales forecasts, revenue dashboards, detailed ticket sales 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

Example of a Financial Dashboard for Professional Sports Teams

What is a Financial Dashboard for Professional Sports Teams?

Financial Dashboards are considered financial monitoring tools and are used by CFOs and team owners to analyze aggregate revenue and expense KPIs as well as related player metrics. Some of the main functionality in this type of dashboard is that it provides trends and KPIs from five different perspectives: 1) Actual versus budgeted revenues, 2) Actual versus budgeted expenses, 3) Actual versus budgeted profit, 4) Profitability trend, and 5) Current player roster with metrics for position, age, salary, years experience, contract amount, guaranteed amount and contract length in years. You find an example of this type of dashboard below.

Purpose of Financial Dashboards with Player Metrics

Professional sports organizations use Financial Dashboards with Player Metrics to give managers and stakeholders an easy way to monitor key performance metrics. When used as part of good business practices in Financial Planning & Analysis (FP&A) departments, an organization can improve its decision-making and related outcomes, and it can reduce the chances that executives do not have a timely and clear understanding of key performance issues.

Example of a Financial Dashboards with Player Metrics

Here is an example of a Financial Dashboard with KPI analysis for revenues, expenses, profit and player metrics.

Example of a Financial Dashboard for Professional Sports Teams

Example of a Financial Dashboard for Professional Sports Teams

You can find hundreds of additional examples here

Who Uses This Type of Dashboard?

The typical users of this type of dashboard are: Team owners, executives, CFOs.

Other Reports Often Used in Conjunction with Financial Dashboards with Player Metrics

Progressive Financial Planning & Analysis (FP&A) departments sometimes use several different Financial Dashboards, along with profit & loss reports, cash flow statements, annual budgets and forecasts, revenue 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

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This article zooms in on budgeting solutions for professional sports organizations using Dynamics GP, with a focus on planning processes.

 
How do you budget for your company? Microsoft Excel might be the go-to software
for finance departments, but Excel isn’t meant to handle planning for organizations of a bigger size, like professional sports teams. More Dynamics GP customers are choosing independent software vendor (ISV) budgeting tools for updating and enhancing their planning processes. Modern third party solutions streamline budgeting and forecasting by focusing in on secure teamwork. This article will discuss the impact of modern ISV budgeting tools, so your professional sports team can build modern planning processes with Dynamics GP.
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Data warehousing is a powerful way for Professional Sports Teams using Microsoft Dynamics GP to manage diverse data types and produce richer financial reports.

Nowadays, the amount of data you are working with can be massive, maybe especially for professional sports teams.  Since data correlates directly to advertising, performance, profit, and so on, data warehousing can assist professional sports teams in staying on budget and on track with owners, players, administrative staff and the finance team.  Maybe you’re not that familiar with a data warehouse solution, so you have several questions.  This article will aim to offer answers that speak to your questions, so you can better understand how data warehousing can expand professional sports team data management and analytics from Microsoft Dynamics GP and additional data sources.
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The information you are reading is more than 2 years old and may be outdated. Read new blogs.

This article will discuss budgeting solutions for Professional Sports Teams using Microsoft Dynamics GP, with a focus on feature and functionality offerings for planning processes.

Budgeting might be one of the more logistically complicated organizational processes, probably due to the tedium of manual Excel budgeting for budget managers.  Excel might be the international go-to software for finance departments, but the spreadsheet program typically can’t handle planning for organizations of a healthy size, like professional sports teams.  More Microsoft Dynamics GP customers are choosing independent software vendor (ISV) budgeting tools for expanding and updating their planning processes.  Some of today’s third party software streamlines budgeting and forecasting by zooming in on secure teamwork.  Planning processes typically require collaboration in the important effort to live within our (organizational) means, with help from historical actuals and projections from all areas of the company.
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The information you are reading is more than 2 years old and may be outdated. Read new blogs.

This article is all about modern, streamlined financial reporting options for professional sports teams that rely on Microsoft Dynamics GP for their accounting and analytical processes.

In the modern business culture, a powerful financial report writer is essential in translating the growing amount of data into analyses that inform better decision-making for the future – and it’s not different for professional sports teams.  Your options as a professional sports team can be overwhelming, particularly with everything else on your list of tasks to maintain the brand and stay competitive as a team and a corporation.  In this article, I’ll discuss features and functionality you should seek to improve your financial reporting process as a professional sporting team using Microsoft Dynamics GP.
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