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Effective organizatio operation largely depends on the financial management. The finance team, led by the chief financial officer (CFO), is responsible for managing the business’s financial flows, financial planning and reporting, setting financial policies and ensuring financial strength. Financiers use various BI tools to effectively perform their duties. One such tool is the financial dashboard.

Financial Dashboard is a BI-tool that allows employees in the finance department and/or financial institutions to visualize, track, and report on key financial metrics. Modern panels use financial analytics to synthesize disparate financial and accounting data. This allows to conduct a detailed study of the data to draw the right conclusions and make effective decisions.

Financial analytics tools allow each user to create his own dashboard and include the indicators he needs (return on assets, return on equity, ratio of debt and equity, equity working capital, etc.).

Features of financial dashboards:

1. Data integration from several systems to visualize a complete picture of the organization’s performance;
2. Key performance indicators visualization (revenue, margin, profit, expenses, etc.) for detailed analysis of variables and managing them in real time;
3. Analysis of all cash flow types (for the enterprise as a whole, for divisions, gross and net cash flows, etc.), as well as investments, their effectiveness, internal rate of return, etc.;
4. Analysis of assets under management (AUM) by business unit or division and balance by type of investment;
5. Analysis of actual and projected costs, changes over time for each type of costs;
6. Detailed cost analysis, study of relationships between all business elements (divisions, cost centers, cost types and products);
7. Options evaluation;
8. Margin analysis;
9. Performance analysis taking into account risks, loan portfolios, return on assets and equity;
10. Analysis of data on trading volume, margin, income and currency, taking into account segmentation by clients, product groups, counterparties and currencies;
11. Profit analysis, considering the relationship between unit price and total profit, prices, demand, variable costs per unit, etc.;
12. Break-even analysis considering sales volumes, fixed cost, unit price, etc.

Combining data from multiple sources, the dashboard allows the user to get a complete and accurate financial picture, conduct sophisticated real-time financial data analysis, forecasts, budget and plan.

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