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Comprehensive Business Dashboard
If you have more than 2 months of financial data, you can use this dashboard. The comprehensive dashboard visualizes your business status over the past months.
A picture is worth a thousand words.
When you see your data visualized, you can make better decisions for your business and enhance your organization’s productivity.
Based on our clients' experiences, one of the most important yet often overlooked factors in business is data visualization. However, it can significantly aid you only when done in a standard and professional manner.
What is a Comprehensive Dashboard?
Your financial ratios, metrics, and data are continuously stored in accounting systems, and you usually review your balance sheet annually or, optimistically, semi-annually. However, unless you have accounting knowledge, these reports may not be very meaningful to you.
Rarely is your performance visualized monthly and compared to previous months. This means you miss the opportunity to easily compare them and gain a better understanding of your financial ratios, metrics, and factors, which would help you identify and address your strengths and weaknesses.
Imagine all your revenue and expense history displayed in a single chart, updated monthly.
This helps you clearly see the changes over different months and the reasons behind them. Experience shows that decision-making is much better and more sustainable with this approach.
Of course, revenue and expense charts are just one part of this dashboard. All major expense categories like labor costs, location costs, raw material costs, and other expenses are also analyzed and displayed in this dashboard.
In the reports we have prepared for clients, it has often been found that a cost or information was incorrectly entered into the accounting system, or that the product’s cost was significantly higher than sales. However, because the business owner did not realize this in time, they incurred heavy expenses, and the business was not only unprofitable but often incurred losses.
Business Financial Ratios and Metrics
To assess a business, especially in the financial domain, we use KPIs to better manage the business.
These key indicators all follow the same international standards and formulas.
However, this data by itself does not have much meaning for the business owner. Only those who are professionals in finance can easily interpret these metrics.
But with business dashboards, business owners don’t need to have specific knowledge in this area; we believe they should focus on their expertise.
Financial dashboards provide all the information you need in a simple yet comprehensive manner.
The dashboard you see here is an example of a comprehensive business dashboard for the AKF Group, showing the performance of different months.
You can enter your monthly data into the
Monthly Financial Dashboard
and, in addition to obtaining specialized and analytical reports, you can also have a comprehensive business report on a monthly basis.
How Do We Help Business Owners?
The question is, if business owners do not need to learn these metrics professionally, how can they apply them in their work and improve their organization’s productivity?
The comprehensive business dashboard and the dashboards designed by the FardVisor team provide all this information in a very simple, yet complete, practical, and specialized manner to business owners.
The monthly dashboard and comprehensive dashboard are designed so that with very concise yet complete data entry, all the metrics, information, and analyses that a business needs can be obtained without any financial or accounting knowledge.
This chart, one of the dozens of charts in the dashboard, shows how the ratio of labor costs to revenue (all costs paid for labor in a business, including salaries, accommodation, transportation, food, and other expenses) has been each month.
In this case, labor costs in month 5 were 30% of revenue, but by updating the dashboard monthly, observing weaknesses, and managing costs and revenue, this ratio was reduced to 19%. At first glance, this 11% might not seem significant. However...
11% was added to the gross profit.
For any business, especially in the food industry, to increase its profit by 11%, it would need to increase sales by about 30 to 40%. Of course, this assumes that all other costs, such as raw materials, labor, location, and other expenses, remain constant, which is not easy to manage.
Adding 30 to 40% to revenue in 6 months is not an easy task. But by managing costs, you can increase the profit margin much faster.
If we do not know how each factor in our business is performing, how can we manage them?
How to Obtain a Comprehensive Business Dashboard:
You can obtain a comprehensive dashboard using two methods.
1. Using the pre-designed Comprehensive Business Dashboard:
First, you need to enter at least 2 months of financial data into the Monthly Financial Dashboard form and complete the data entry form, which is designed to be very simple and easy. After that, the comprehensive business dashboard will show the comparative performance of the previous months.
Then proceed to obtain the comprehensive business dashboard. This dashboard is generated based on the monthly input data using designed algorithms and will be sent to you.
It is important to note that these dashboards will be sent to your email as PDF files to maintain confidentiality and prevent information disclosure.
From then on, after entering your data monthly, you can have both the monthly financial dashboard and the comprehensive business dashboard.
This dashboard is custom-designed and implemented for you after assessing your business and conducting interviews with AKF experts. It is updated monthly based on the data you provide and sent to you.
Contact us to get a custom comprehensive business dashboard.