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30 December  2007 ~

dashboard.jpg  Unfortunately, Americans are becoming too accustomed to outlandish claims but not results. However as a CFO, you are held accountable for nearly everything that occurs within your company.

Today’s CFO needs to save time, use fewer resources, generate cost savings, nimbly deploy resources, shift from being reactive to being proactive, all the while thoughtfully reacting and making appropriate decisions. Thus it is imperative to provide… the right info to the right person at the right time.

Unfortunately, despite massive investments in IT, for many companies the ability to transform vast amounts of data into relevant, targeted and timely information that business people rely on to make decisions is minimal at best.

Does your company experience:

  • Users spending excessive time on ad hoc and special reports
  • Decision makers pouring through data to find the relevant business data
  • Performance metrics that no longer add value
  • Spreadsheets with multiple versions of “the truth”
  • Excessive time spent compiling the data, not enough time left for other value added activities

Information has a finite shelf life and is perishable. Does your company effectively manage it to generate the proper business intelligence that your business performance requires?

Having spent nearly 20 years in this area, the benefits of dashboard reporting are very apparent. As you drink your cup of coffee on a Saturday morning reflecting over your business, consider these following benefits and how they would help your business:

· Greater access to info providing the ability for better business decisions

· More time for your team to provide value added analysis as opposed to simply being high paid compilers

· Elimination of “sneaker net” – Single “version of the truth” that includes historical and forecast data

· At-a-glance view of KPIs, graphs, metrics, and tables

· Enhanced visibility into performance for employees across all departments and locations

· Timely and accurate self-service and ad-hoc reporting

· Real-time report generation and distribution

Throw out your large binders full of reports. The bottom line is by providing more data analysis and requiring less data management, a “single sheet” of key performance indicators will enable you to manage your business more effectively!

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1 Comment »

  1. Get Free Cash…

    cool article, thanks so much. Good writing, going to read more……

    Trackback by Jack Arnolds Hub February 14, 2008 @ 6:54 am

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