FINANCIAL DASHBOARD

Sectors that need visualized financial dashboards the most

  • Banks and other financial institutions
  • Insurance companies
  • Stock and commodity exchanges
  • Financial advisors and planners
  • Accounting and auditing firms
  • Financial technology (FinTech) companies, such as payment apps and digital banks
  • Real estate investment trusts (REITs)
  • Financial news and media companies

Why choose visualized financial dashboards over Excel sheets?

Aspect

Traditional Presentation

Visualized Presentation

Format

Text-heavy

Graphs, charts, and other visual representations

Interpretation

Requires reading and analysis

Allows for quick interpretation and analysis

Customization

Limited customization options

Customizable and flexible based on user needs

User Engagement

May be dry and unengaging

Can be more engaging and interactive for users

Ease of Use

May require financial expertise to interpret

Can be more user-friendly and accessible to a wider audience

Real-time Data

Often lacks real-time data

Can provide real-time data for better decision-making

Data Insights

May require time and effort to identify insights

Can quickly highlight important insights and trends

Collaboration

Limited collaboration and sharing options

Can allow for easy sharing and collaboration with others

Impact

May not effectively convey important financial information

Can have a greater impact on decision-making and financial management

Advantages of visualised financial dashboards

Tracking financial performance

A visualised financial dashboard can help individuals and organisations track their financial performance over time. By visualising financial data in real-time, users can quickly see how their finances are changing and identify areas where they may need to make adjustments.

Budgeting and forecasting

A financial dashboard can also be used for budgeting and forecasting purposes. By tracking expenses, revenues, and other financial metrics, users can create accurate budgets and forecasts for the future.

Identifying trends and patterns

A visualised financial dashboard can help users identify trends and patterns in their financial data. By visualising data in different ways, users can spot trends that may not be apparent in raw data or traditional financial reports.

Financial reporting

A visualised financial dashboard can also be used for financial reporting purposes. By presenting financial data in an easy-to-understand format, users can create reports that are accessible to a wider audience.

Decision-making

A visualised financial dashboard helps users make better financial decisions and take more calculated risks with money. With simple-to-understand dashboards, users can quickly analyze their financial situation and make more calculated decisions about investments, expenses, etc