Driving Performance: 3 New Approaches To Unlocking Deeper Financial Insight
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Dashboards that incorporate color scaling, trend indicators, conditional
highlighting, and sparklines help focus attention on areas for a user to
drill deeper and develop insight (Figure 3).
When the reports are converted from a static state to a dynamic state,
users have a tool at their fingertips to ask and answer their own questions.
Changing the role of finance staff
The role of finance is to ensure that the data included on a dashboard
has integrity and that the right metrics are presented. The adoption of
enabling technologies enhances reporting integrity by maintaining the live
connection to the underlying sources of data alleviating finance people
of this time-consuming activity. As a result, these types of technology
change the role of how finance people are deployed.
Finance resources spend less time gathering, reconciling, aggregating,
Figure 3: Attention-grabbing dashboards
Sparklines
Dynamic filtering
Conditional highlighting
Trend indicators
Color scaling
