Obviously, in any business tightly tracking budgets is crucial, however regularly tracking company- wide incomings and outgoings particularly at the individual department level can be both complex and time-consuming. A Financial Dashboard allows those involved in budgeting to effortlessly monitor business spending, revenues, churn and projections ensuring nothing is overlooked.
Traditionally, financial data is tracked across different accounting platforms, banking apps or, even using manual spreadsheets. This creates chaos when it comes to the end of the financial period, with a mad dash to gather data from different departments and sources but then also ensure these numbers are consistent.
Financial dashboards are dynamic and pull data automatically, making it easy for CFOs to closely track company-wide spending at all times. The dashboards routinely update preventing any dark spots forming allowing users to have a strong understanding of whether they are ahead of projected budgets and likely to reach targets.