Running a business can be overwhelming because of the need for up-to-date information at your fingertips. The more information you have, the better decisions that you can make. If you have to take a significant amount of time away from your operations in order to run reports, it can be detrimental to the outcome and your business' long-term success. With the use of dashboards, you can be more proactive.
Many decisions don't get made until a later date because of not having data readily available. This can cause you to spend more than you intended in labor or other expenses. Additionally, one business unit may be outperforming another. By being able to identify this sooner rather than later, you can make adjustments to the other units, so they are just as successful.
Dashboards will allow you to get the visualizations that you need in real-time. It can make it significantly easier to see what is going on within your business. Additionally, dashboards provide a better visualization as opposed to staring at boring spreadsheets. In just a glance, you can get all of the information you need in order to operate your business more productively and effectively.
If the data is feeding into the dashboards, you can get the updates as often as you need. Plus, we'll make sure that the data is where it needs to be so the data is useful. The times of waiting days or weeks to get the information bundled and sent to you are over. New technology is at your fingertips now.
Rather than relying on your accounting department to compile reports for you, the dashboards can gather the information that you need. It can provide you in-depth analysis and metrics so you can learn more about your business' performance. You can learn about such things as growth, cash flow, and profitability.
The reporting can be broken out in a number of different ways to provide you with such things as reports, analysis, consolidation, benchmarking, and alerts. It makes it easier to identify areas of improvement so you don't have to wait for a monthly or quarterly report to tell you what's going on. Additionally, the dashboards can provide you with the ability to monitor trends within the reporting feature so you can take these into consideration with the way that you market, approach new business, and place orders for new inventory.
It's critical that you have the intelligence that you need about your business. You can establish a few financial KPIs as a way to set benchmarks and track performance. If you don't have targets in place, it can be difficult to figure out whether you are headed in the right direction or not. Even if you don't have KPIs in place now, introducing them once you have dashboards in place can be what allows you to be more successful in the future.
With the dashboard solutions that are available, you can track financial and nonfinancial KPIs to establish the metrics that are most important to your operations. Additionally, you can set up alerts to be made aware if a particular metric changes significantly so you can take action right away.
Introducing new technology to your operations can be one of the best ways to stay on top of your bottom line. If you tend to overspend or one business unit tends to be less successful than the others, getting deeper insights more regularly can be a more productive way to operate. Additionally, when you have deeper insights, you can make better decisions that allow you to have a competitive edge within your industry. If you feel as though your competition is continuing to blow you away in terms of growth, market share, or even their ability to stay on the latest sales trends, you can use dashboards in order to provide you with the insight that you need.
At Porte Brown LLC, we understand that every business is different. Whether you need to provide reports to management, investors, board members, or anyone else, our dashboard services can be used to create presentation-ready reports. You can customize the details so that you can showcase the different KPIs and the way that they have progressed over a specific period of time. The reporting will allow you to keep everyone informed without compiling countless piles of data from different sources. This can save your accounting department a significant amount of time. It can also ensure you are able to meet deadlines when you are preparing for a presentation.
We will show you how you can customize the reports to add professional touches, including adding your logo. The dashboards and reports can be shared with your team or clients by providing them with access. It ensures that everyone knows where you stand, so they can offer proactive solutions throughout the quarter as opposed to waiting until the end when the damage has already been done.
There are already countless businesses using dashboards in their day-to-day operations. It gives them the control that they need to understand how their business is operating, track trends, and make adjustments to their operations. Whether you are having issues with overspending in the marketing department, not achieving sales goals, or even failing to meet budget, dashboards can provide you with a greater level of insight so you can see what's going on.
If you are tired of staring at spreadsheets and not fully understanding what you are looking at, it's time to see your data in a dashboard. It shows off in a more visual capacity so that you can analyze data, consolidate information, explore benchmarking more comprehensively, and get alerts on the KPIs that matter the most to you.
When you want to learn more about our Dashboard Solutions and how they can be used to enhance your business, contact us today. At Porte Brown LLC, we'll work to improve your business once you schedule a discovery meeting, so we can learn more about your operations and determine the best solution for your specific needs.
Please contact Porte Brown’s Dashboard Solutions leader, Steve Garrels, CPA, CM&AA, at 847-956-1040.
Get in touch today and find out how we can help you meet your objectives.