The Benefits of Dashboards
K2 clients have highlighted a real need for flash reports which provide a visual representation, such as the image below, that give a quick and easy way to view their company’s performance.
FIVE Key Benefits of Dashboards
Greater Visibility: A dashboard gives you greater visibility and insight. It helps eliminates “clutter” from financial reports and will identify what’s going on in your business at all times. You know what’s working and what’s not working.
Ongoing Improvements. “if you can’t measure it, you can’t improve it.” Anything that is measured and watched, improves! The fact is that when you see your key metrics in your dashboard, you intuitively start improving your results. To this end, the best dashboards automatically show success indicators.
Time Savings: The right dashboard always shows you the latest results from each report you need. How much time do you or your team spend creating reports in Excel or other spreadsheet programs? Any report that you create more than once should go in your dashboard.
Employee Performance Improvements: When employees know their performance is being measured in a dashboard, and can see their results, they innately start to improve their work.
Increased Profits: Your dashboard shows you exactly which areas of your business are performing poorly. When you know this, you know exactly where to focus your time to increase results. By knowing precisely what’s working in your business and what’s not, it’s easier to increase both sales and profits.
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