A financial dashboard displays key financial goals and metrics, serving as a central hub for assessing financial health.
A financial dashboard hones in on an organization's financial priorities, goals, and key performance indicators to offer insight into an organization's overall financial health. Financial dashboards often also include key projects aimed at achieving the organization's financial goals and improving its performance in key metrics like revenue, expenses, and operational costs.
In the example from ClearPoint above, the RAG (red-amber-green) status of three key performance indicators tied to the organization's profitability objective is displayed in the financial dashboard along with charts offering further insight into the factors contributing to the organization's costs. This dashboard offers a mix of high-level information and charts displaying historical data on pertinent KPIs; it also allows for viewers to drill down into any measure or objective directly from the dashboard for more information.
Users can place custom charts on dashboards to visualize important KPI data. This ClearPoint chart displays a measure, cost per plane trip, which aggregates cost per plane trip data from each division, Eastern, Western, and Central. This custom chart shows the actual cost per plane trip across all divisions for each month. The red line shows the company’s target cost per plane trip for context.
Key Elements for Financial Dashboards
- Report showing linkages among key financial objectives, metrics, and initiatives
- RAG status of critical financial KPIs over time
- Analysis and recommendations on next steps