Business Financial Planning
How does Database To Dashboard help build out Sales & Operations Forecasting using financial planning and analysis?
Are you struggling to reach and maintain forecast accuracy without robust planning systems or consolidation systems for your data across multiple sources?
Financials are both an input and output of the S&OP process – The easiest way to include financials as part of S&OP involves translating the constrained supply plan you have into financials, using standard costs.
While it is an advancement over simple demand and supply matching, this approach is only a first step and in most cases can be easily skipped over. The end objective is for financials to be included as an input just as the Demand Plan and the Constrained Supply Plan are.
Integrated business planning (IBP) is a holistic approach that integrates strategic planning, operational planning, and financial planning. IBP brings together various functions, including sales, marketing, finance, supply chain, human resources, IT and more, to collaborate across business units and make informed decisions that drive overall business success.
The problem usually is that data from each of these business units and locations is often overwhelming, manual, inaccurate and unorganized. The job of
Database To Dashboard is to funnel all these streams of data into a single database, where accuracy is maintained and analysis becomes simple, instant and reliable.
How do you evaluate Capital vs Expense forecasting?
CapEx vs OpEx forecasting is an often-overlooked component in financial decision-making. FP&A teams often manage Capex schedules offline or in “back-of-the-napkin” models and integrate back into larger cost forecasts which leaves vulnerabilities but also prevents a connected look at the business forecast.
This is usually the best that can be managed with overwhelming sources and
volumes of data.
By accurately predicting and analyzing future capital investments, as part of integrated budgeting and forecasting, you can more effectively align your resources, assess the financial implications of different cost-cutting scenarios, and optimize them in your company’s long-term growth strategies.
Growing corporations need robust data consolidation tools like
Database To Dashboard
in order to be effective and maintain accuracy across all sources of data, in order to make on-time decision-making with
real-time data accuracy
when it comes to capex forecasting. No need to sketch anything on the back-of-the-napkin again!
How can Database To Dashboard help with real-time reporting analysis?
Are you able to visualize the trends and problems with your company-wide data and corporate performance management? Do you have too many bottlenecks and checks and balances in validating data at each data source?
If your company data is too vast to comprehend in one place, under one analysis report, allow us to start a conversation about building your own
Database To Dashboard.
Database To Dashboard clients save money on enterprise performance management, system maintenance and system user training. As well as decreasing inefficient or one-job-only system softwares that cannot talk to each other or have
data flow between systems or sources.
Along with
Ad-hoc reporting, real-time reporting is imperative, in order to make in-time decisions based on trust-worthy data at your fingertips, consolidating in real-time from multiple sources, channels or locations within your company infrastructure.
The real issue behind our inspiration to build individualized dashboards for large corporations is simply that question -
ARE YOUR DATA SYSTEMS TALKING TO EACH OTHER?
Can you compare historical and actual sales forecasts with operations and finance?
Creating a single source of truth ensures that businesses are operating based on standardized, relevant data across the organization.
Without a single source of truth, data sets exist in siloes and each department operates as a black box.
Implementing a single source of truth enables business leaders to make data-driven decisions based on the data from the business as a whole, rather than from compartmental data silos.
Everything from production data, to customer and service data, to sales and marketing conversion rates, and much more can inform business decisions.
Businesses need holistic insights to stay competitive in today’s data-driven market.
Ready to talk to data
analysis experts about your company's data complexities?
Let's dive into your data and company structure and look at building a plan to funnel your multi-dimensional data into a Database To Dashboard console.