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Our Financial BI model and comprehensive dashboards can be implemented in any Company where financial data is available
Financial BI is a data model is designed for customers who wants to analyse their financial data, specifically data from the General, Accounts Payable and Recievables Ledgers.
Data Requirements
All financial systems can provide the data needed for this model, making it suitable for any company in any industry. Typically, transactions from the ledgers and the chart of accounts are sufficient to populate the model and generate reports and dashboards.
Mapping
If your accounts are not already mapped to your income statement or balance sheet structure, a simple mapping can be applied to each account or account group. This ensures alignment with your financial statements and allows for quick and easy structural adjustments when needed.
Organisational Level Statements
Income statements and balance sheets are provided at the department level and above. In a multi-company structure, data is consolidated and mapped to the required reporting format. Even when multiple accounting systems with different account structures are used, they can be consolidated into statements at various levels.
Actual vs budget vs Pervious period
Our model enables comparisons of actual results against various measures, such as budgets, forecasts, and prior year figures. Out of range variances are highlighted through RAG indicators (Red, Amber & Green).
Daily operating Control (DOC)
Specifically designed for automotive dealerships, the DOC (Daily Operating Control) displays transactions posted on the previous day and ultimately provides a department-level income statement for that day. It highlights the key metrics such as total sales, cost of sales, gross profit and GP%.
Transaction level Drill
Want to see the transactions that make up an account total for a month? Drill down on the account in the dashboard to see the the transactions.
Financial & DOC
The financial data model and dashboard seamlessly integrates Daily Operating Control (DOC) with standard monthly financial reporting. Actuals for daily, monthly, and year-to-date periods are elegantly compared with budgets and forecasts within an intuitive reporting interface. Data at the different levels of the business i.e. departments, branch, and group can be combined to provide an overall view of the business.
In addition to displaying your income statement and balance sheet, the dashboard offers advanced metrics, including side-by-side branch comparisons and month-over-month analyses, all presented through user-friendly screens. Users can easily drill down into individual accounts to review posted transactions. Furthermore, the income statement and balance sheet can be precisely formatted to mirror your existing layouts, allowing for customized groupings of accounts such as Sales, Cost of Sales, Expenses, Net Profit, and more.
Expense Analysis gives granualr details of all expenses allowing financial manager better control expenses.
In addition the Super Slicer lets users analyse accounts with filters such as Account Type, Department, Franchise, and Sale Type. The account mapping tool ensures all accounts are mapped to your income statement and balance sheet structure at combined branch and department level.
Debtors & Creditors
Debtors and Creditor data models view the current state of each. If required history of these can also go to our debtors/Creditors history data model focussing on transactions (invoice and payments) over time for these. Depending on your operating model, the Debtors and Creditors dashboards can be separated.
Key debtor KPIs include amounts owed, by whom, and for how long (debtors ageing). Being able to monitor vehicle debtors and thereby securing prompt bank payment, could greatly affects your cash flow. Likewise, Creditors should be paid within agreed terms.
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