Financial Dashboards in Power BI: Analyze and optimize your company's financial performance

Financial dashboards in Power BI are essential for analyzing the financial performance of companies. They provide a clear view of indicators such as actual performance, EBITDA, sales mix, liquidity ratio and debt ratio. These dashboards allow you to make informed strategic decisions and optimize costs and profitability. Additionally, there are other types of relevant dashboards, such as customer segmentation and human resources, which help adapt marketing strategies and manage human capital, respectively.

But this is just the tip of the ice, the visible and beautiful part, stay tuned for the video where we discuss in depth how to design optimal data models for your financial dashboards.

Table of Contents
  1. Financial dashboards in Power BI are only the visible part
    1. Design great data models in Power BI to create the financial dashboards you need. IN THIS VIDEO WE SHOW YOU HOW.
  2. Main financial indicators in dashboards
    1. Actual performance compared to established objectives
    2. EBITDA: Profitability before taxes and depreciation
    3. Sales mix: percentage of products/services in sales
    4. Liquidity ratio: ability to cover short-term debts
    5. Debt/GDP ratio: proportion of debt to assets
  3. Benefits of using financial dashboards in Power BI
    1. Make informed and strategic decisions
    2. Agility in monitoring and analyzing financial performance
    3. Cost optimization and improvement of profitability
  4. Other types of dashboards relevant to businesses
    1. Customer segmentation dashboard: adapt your marketing and sales strategies
    2. HR dashboards: human capital management and analysis
    3. Temporal analysis, something common to all Dashboards

Financial dashboards in Power BI are only the visible part

Design great data models in Power BI to create the financial dashboards you need. IN THIS VIDEO WE SHOW YOU HOW.

In this video you will see 5 practical cases of Financial Dashboard and related data models. And you can choose which one is optimal in your specific case:

I summarize some interesting contents that you will see in the video:

  • We will show 5 variations of financial models in Excel and Power BI
  • Advantages, disadvantages and limitations of each of them
  • We will evaluate their scalability, ease of navigation and interaction, how to make them multi-company, ease of customization
  • We'll see what data models look like inside, the foundation for success in your financial dashboards
  • And how you can implement them in your company quickly and efficiently

Main financial indicators in dashboards

Actual performance compared to established objectives

Actual performance versus established goals is a key indicator in financial dashboards in Power BI. This indicator shows whether the company has managed to achieve previously established financial goals. Through graphs and tables it is highlighted whether the objectives have been achieved or not, providing a clear vision of the financial performance.

EBITDA: Profitability before taxes and depreciation

EBITDA is another important indicator presented in financial dashboards. This ratio shows the company's profitability before deducting taxes, depreciation and amortization of assets. It is calculated by adding revenues and subtracting costs and operating expenses. EBITDA allows you to evaluate the ability to generate profits and analyze the operational efficiency of the organization.

Sales mix: percentage of products/services in sales

Sales Mix is ​​an indicator that shows the proportion of different product or service categories in the company's total sales. It is represented via bar or pie charts, highlighting the most important categories. This indicator is essential for understanding the composition of sales and making informed decisions on marketing strategies and product development.

Liquidity ratio: ability to cover short-term debts

The Liquidity Ratio is a financial indicator that measures a company's ability to cover its short-term debts. It is calculated by dividing cash by short-term liabilities. This ratio is critical in assessing the financial health of the organization and its ability to meet its short-term financial obligations.

Debt/GDP ratio: proportion of debt to assets

The debt-to-GDP ratio is another important financial indicator in dashboards. This ratio shows the proportion of debt the company has compared to its total assets. It allows you to evaluate the organization's debt level and its ability to meet its long-term obligations. A debt-to-GDP ratio that is too high can indicate greater financial risk.

Benefits of using financial dashboards in Power BI

Make informed and strategic decisions

Financial dashboards in Power BI provide managers and executives with the information they need to make informed, strategic decisions. By having access to a clear and concise view of key financial performance indicators, such as actual performance against set objectives, you can easily evaluate results and areas for improvement. This allows you to take timely actions and adapt strategies to achieve the desired results.

Agility in monitoring and analyzing financial performance

With financial dashboards in Power BI, monitoring and analyzing financial performance is greatly simplified. Data is updated in real time and visually presented in a clear and understandable way. This makes it easier to identify trends, detect deviations and understand the company's current financial situation. As a result, you can make faster and more efficient decisions to maximize your financial results.

Cost optimization and improvement of profitability

Financial dashboards in Power BI provide a comprehensive view of your company's costs and profitability. Through indicators such as EBITDA and debt ratio, it is possible to evaluate the operational efficiency and financial health of the organization. This helps you identify improvement opportunities, implement cost reduction strategies and maximize profitability. Furthermore, by having access to updated information on the Sales Mix and liquidity ratios, it is possible to make more accurate decisions to improve the financial management of the company.

Other types of dashboards relevant to businesses

Customer segmentation dashboard: adapt your marketing and sales strategies

Customer segmentation dashboards are essential in the field of marketing and sales. These dashboards allow companies to classify their customers into different groups with similar characteristics, allowing them to adapt their marketing and sales strategies more effectively.

Through these dashboards, companies can gain key insights into purchasing behavior, customer loyalty, customer value, and demographic profile, among other relevant data. This allows them to better identify and understand their customers, personalize and target their marketing and sales activities more precisely.

By using these types of dashboards, businesses can achieve greater customer loyalty, acquire new customers, and improve overall customer satisfaction. Customer segmentation makes it easier to identify specific groups to target personalized messages and offers, which can increase the effectiveness of your marketing and sales strategies.

Here I show you a complete example of a COMPLETE COMMERCIAL DASHBOARD and an explanatory video of all the interaction and navigation features that will allow you to make the best commercial decisions:

HR dashboards: human capital management and analysis

HR dashboards are an essential tool for a company's HR department. These dashboards allow you to monitor and analyze various aspects related to the organization's human capital.

Using these dashboards, HR managers can obtain metrics such as employee turnover rate, job satisfaction index, number of employees per department, and individual employee performance. This data provides valuable information to identify trends, make data-driven decisions and improve talent management in the company.

By using HR dashboards, HR departments can improve performance management, employee retention, job satisfaction, and career development. These dashboards help you identify areas for improvement, detect potential problems, and take proactive steps to grow and develop your organization's human capital.

Stay tuned to this blog, soon I will share with you an HR Dashboard through which you can navigate and see the results offered.

Temporal analysis, something common to all Dashboards

Any dashboard, be it financial, business, marketing, human resources or any other, requires temporary analysis of its indicators and KPIs.

For any indicator (or KPI) you will have to know its evolution, its values ​​accumulated since the beginning of the year, make monthly, weekly, quarterly comparisons... with previous periods... And many other analytical calculations and its evolution in time.

If you want me to make your job easier and have a template with the Date Dimension that I use as a starting point in my Power BI solutions, click HERE.

Always use that template, avoid mistakes, and be more productive.

If you want to read other articles similar to Financial Dashboards in Power BI: Analyze and optimize your company's financial performance you can visit the category Power BI.

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