Given the importance of data in the modern workplace, it must be presented in a way that is as clear and user-friendly as possible. Every day, users have vast amounts of information thrown at them, which can be overwhelming not just for them but also for their organisations. It can also be frustrating when we don’t have access to the information we need when we need it.
Escone’s Finance BI dashboards have been designed with Finance teams in mind and are hugely useful data visualisation tools. By harnessing the power of visual storytelling, businesses can unlock the true potential of their data using Finance BI, revealing a clearer picture of the statistics given by providing just four key things:
- Reliability
- User-friendliness
- Consistency
- Data that is wanted, in the way it’s wanted, and that works. Simple.
The Power of Visual Storytelling
We’ve all been there; we open an Excel spreadsheet and it’s daunting! Data visualisation transforms raw data into aesthetic charts, graphs, and interactive dashboards. By presenting that scary Excel sheet information clearly and concisely, stakeholders can quickly grasp complex concepts and identify trends, patterns, and outliers. You can see an example of one of the Finance BI dashboards below:
Enhanced Decision-Making
In a fast-paced business environment, timely and informed decision-making is critical. It sounds simple, but having the right data on hand is all most people are looking for. Data visualisation enables decision-makers to gain actionable insights immediately, facilitating strategic planning, resource allocation, and risk management.
Engaging Stakeholders
Effective communication is such an important aspect of driving organisational success. Visualising data using software such as Finance BI can allow effective presentations to stakeholders. Giving a visual showpiece of data will make individuals more engaged and allow easy understanding compared to the old-school method of crunching numbers on a spreadsheet.
Driving Innovation and Discovery
When you decide to invest in our dashboards, we don’t just set you up and send you on your way. We work with our clients to customise their dashboards. Finance BI allows you to analyse current trends, produce your ideas, and gain unique perspectives that cater to your business needs. Allowing you to do this can not only gain unique insights into specific areas of the business but also identify potential untapped opportunities, anticipate trends and stay ahead of your competition.
Empowering Data-Driven Culture
A data-driven culture gives organisations a chance to test themselves. Using these metrics, you can measure year-on-year performance and set objectives or areas where you want to improve. Our Finance BI Dashboards can create a drive and want for improvement and will encourage individuals – if data can be measured, it can be improved. Setting company objectives against previous performance or competitors can be beneficial for simply tracking how the organisation is performing year-on-year.
Overall, in an era where data is everything, drilling down to insights is vital. Data visualisation serves as a guiding light, illuminating the path to informed decision-making and business success. To find out more about Escone’s Finance BI dashboards and how they can assist you in the workplace, click here!
