8 Financial Dashboards Examples for Business Success

Finance leaders especially of enterprise businesses sit on a vast array of data. Extracting meaningful insights and making sense of the data at hand empowers better performance monitoring, identification of trends, and taking proactive measures to drive success. This is where Financial dashboards have become an indispensable tool for data-driven businesses. 

This article aims to explore the different types of financial dashboards that finance leaders can create and how they can improve your overall financial health and performance. 

What is a Financial Dashboard?

A financial dashboard is a consolidated visualization of essential finance and accounting metrics and key performance indicators(KPIs). It presents complex financial data in simple understandable visual representations such as charts, graphs and widgets. But a modern financial dashboard goes beyond simple visualization and reporting. It leverages AI-powered analytics and Business Intelligence (BI) to combine disparate financial data and uncover insights out of them. This can help executives and business leaders to make strategic decisions that can reduce costs and improve profitability. 

Key Components of a Financial Dashboard

Modern businesses need solutions tailored to their current and future problems. The same applies to these dashboards as well. As a business in today’s tech-first world, it is important to understand the key components of building a financial dashboard that can elevate your understanding of numbers and keep you in touch with the latest in your financial data. Here are a few must-have components that you should look for when building a financial dashboard for your business. 

1. Real-Time Access to Data

Your dashboard software should be able to pull in data either directly from your data warehouse or be able to integrate with multiple essential tools like ERP, CRM, and accounting software

2. Real-Time Data Analysis:

Financial data is constantly changing and a good interactive dashboard that reflects these changes in real time is key to any data-driven finance team. This enables timely decisions based on current financial status, crucial for managing liquidity and responding to market changes.

3. Interactive Visualizations:

Your dashboard software should offer customizable charts, graphs, and visualization options to represent financial data in a way that makes sense for you. This will improve how you interpret your complex financial data, making it easier to spot trends in revenue growth, expense patterns, and profitability.

4. Drill-Down and Drill-Through:

What use is information that you can drill deeper into? This is far more profound when dealing with financial data. Dashboards must allow users to navigate from summaries to detailed data with ease. This enables you to analyze the root cause of a particular trend and identify factors affecting your metrics.

5. Advanced Filtering and Segmentation:

Your data can be sliced and diced in various ways. While dashboard tools recommend best practices, the preference to filter and segment data is personal. Dashboards should be flexible in allowing users to filter data the way they want. Advanced filtering and segmentation are necessities that any dashboard should fulfill.

6. Predictive Analytics:

 Dashboards should be capable of forecasting future trends based on your historical financial data. Enterprise finance is all about revenue forecasts, budget planning, and cash flow projections and a dashboard paired with a strong analytics engine is key to that.

7. Collaborative Features:

Financial metrics while complex can tell compelling stories and sharing these with your leadership should be easy. Dashboards built with strong collaboration features allow easy sharing amongst peers and other stakeholders to enable better data-driven decision-making.

Here's a live financial dashboard. See it in action!

Financial Dashboard Examples

1. CFO Dashboard

The CFO Dashboard provides a comprehensive overview of the company's financial health. It consolidates critical financial data from various sources, offering real-time insights into key metrics such as revenue, profitability, cash flow, and budget performance. The purpose of this dashboard is to empower CFOs and other high-level decision-makers with the information they need to make strategic financial decisions, identify trends, and proactively address potential issues, driving financial success and stability.

Key metrics typically included in a CFO dashboard are:

• Financial summary (total revenue, net profit, cash flow): Provides a quick overview of the company's financial performance.
• Profitability metrics (gross profit margin, operating margin, net profit margin): Shows how efficiently the company is generating profit at various stages.
• Cash flow management: Tracks the inflow and outflow of cash to ensure liquidity.
• Expense Breakdown: Details where money is being spent across the organization.
• Budget vs. actual comparisons: Highlights areas where spending may be over or under budget.
• Debt management overview: Monitors the company's debt levels and repayment status.

Here's a Live CFO Dashboard. See it in Action!

For healthcare organizations, a CFO dashboard might also include patient-related metrics, allowing for drill-down to individual patient costs and resource allocation.

2. Financial Performance Dashboard

The Financial Performance Dashboard allows monitoring and analysis of an organization's overall economic health and efficiency. It provides a view of how well the company is utilizing its assets, generating revenue, and managing expenses by consolidating key financial metrics. The purpose of this dashboard is to enable finance teams, executives, and board members to quickly assess the company's financial standing, identify areas of strength and weakness, track progress toward financial goals, and make data-driven decisions to improve overall financial performance.

Key metrics often included in this dashboard are:

• Revenue and net profit: Shows the top-line income and bottom-line earnings.
• Gross margin and operating income: Indicates profitability of core business operations.
• Cash flow: Monitors the company's ability to generate and maintain cash.
• Return on investment (ROI): Measures the efficiency of investments.
• Debt-to-equity ratio: Assesses the company's financial leverage.
• Current ratio (short-term assets to short-term liabilities): Helps evaluate short-term financial health.

3. Executive Dashboard

The Executive Dashboard is designed for C-suite executives and the top management. It provides a concise overview of the organization's performance, focusing on the most critical financial and operational metrics. The purpose of this dashboard is to give executives a quick snapshot of the company's health, highlight key trends and potential issues, and support strategic decision-making by presenting the most essential information needed for top-level management.

Typical components of an Executive Dashboard include:

• Total revenue and net profit: Provides a high-level view of financial performance.
• Cash flow overview: Summarizes the company's cash position and trends.
• Gross margin: Indicates overall profitability of products or services.
• Risk indicators: Highlights potential financial or operational risks.
• An executive summary with key insights and actionable items: Offers quick takeaways and recommended actions.some text
  • Tooltip: See how you can enable AI-based executive summaries for your Dashboard using DataBrain. 

4. Cash Flow Dashboard

The Cash Flow Dashboard focuses on monitoring the movement of cash in and out of a business. It provides real-time visibility into the company's liquidity position, cash inflows and outflows, and future cash projections. The primary purpose of this dashboard is to help financial managers and executives maintain healthy cash flow, predict and prevent cash shortages, identify surplus cash for investment opportunities, and make informed decisions about the timing of payments, and financing needs ensuring the company's ability to meet its financial obligations and fund growth initiatives.

Key components of a Cash Flow Dashboard typically include:

• Net cash flow: Shows the overall change in cash position.
• Operating cash flow: Indicates cash generated from core business activities.
• Cash inflows and outflows breakdown: Details sources and uses of cash.
• Free cash flow: Represents cash available for expansion or distribution.
• Cash flow forecast: Predicts future cash positions based on current trends.
• Cash reserves visualization: Displays available cash cushion.

Here's a live Cashflow Dashboard. See it in action!

5. Sales and Marketing Financial Dashboard

The Sales and Marketing Financial Dashboard bridges the gap between revenue-generating activities and their financial impacts. It provides a clear view of how sales and marketing efforts translate into financial outcomes by combining metrics from both domains. The purpose of this dashboard is to help sales, marketing, and finance leaders align their strategies with financial goals, optimize spending on campaigns and resources, and ensure that growth initiatives are not only driving revenue but doing so profitably, supporting data-driven decision-making in go-to-market strategies.

Essential metrics in this dashboard often include:

• Revenue and sales growth: Tracks top-line performance and expansion.
• Customer acquisition cost (CAC): Measures the cost of gaining new customers.
• Marketing ROI: Evaluates the effectiveness of marketing spend.
• Conversion rates (From Lead to Revenue): Shows the efficiency of turning leads into customers.
• Customer lifetime value (CLV): Estimates the total value a customer brings over time.
• Customer retention rate: Indicates the ability to keep existing customers.

6. Financial Reporting Dashboard

The Financial Reporting Dashboard allows the managing and presenting of all statutory and management financial reports. It provides a streamlined approach to creating, distributing, and analyzing financial statements and reports, ensuring accuracy and consistency across the organization. The primary purpose of this dashboard is to simplify the financial reporting process, reduce the time and effort required for period-end closing, and provide stakeholders with timely, accurate financial information to support informed decision-making and regulatory compliance.

Key elements of a Financial Reporting Dashboard typically include:

• Revenue by division: Breaks down income sources across the organization.
• Revenue vs. operating margin over time: Tracks profitability alongside growth.
• Detailed expense breakdowns: Provides insights into cost structures.
• Balance sheet summary: Offers a snapshot of assets, liabilities, and equity.
• Cash flow statement: Shows cash movements across operating, investing, and financing activities.
• Customizable report templates: Allows for flexible reporting to meet various stakeholder needs.

7. Actual vs. Forecast Expense Dashboard

The Actual vs. Forecast Expense Dashboard provides a real-time comparison between projected expenses and actual spending. It offers a detailed view of how closely the organization is adhering to its budget across various expense categories and periods. The main purpose of this dashboard is to help finance teams and department managers monitor budget performance, quickly identify and investigate variances, and make timely adjustments to ensure financial targets are met, supporting better financial planning and cost management.

Typical components of this dashboard include:

• Comparison of actual vs. forecast expenses over time: Highlights budget adherence or deviation.
• Breakdown by expense type: Identifies which expense categories are on or off target.
• Trend analysis: Shows patterns in spending over time.
• Variance explanations: Provides context for significant deviations from budget.
• Budget adjustment recommendations: Suggests changes based on actual spending patterns.

8. Risk-Adjusted Performance Dashboard

The Risk Adjusted Performance Dashboard incorporates risk factors into performance evaluation. It provides a more nuanced view of financial performance by considering both returns and associated risks across various business activities or investments. The primary purpose of this dashboard is to help financial institutions and businesses operating in volatile markets make more informed decisions about resource allocation, set appropriate risk limits, and ensure the long-term sustainability of their operations by balancing risk and reward effectively.

Key elements often included in this dashboard are:

• Current exposure and utilization: This shows the level of risk currently taken.
• Return on equity and assets: Measures profitability relative to resources used.
• Risk-adjusted return on capital (RAROC): Evaluates return in the context of risk taken.
• Value at Risk (VaR) metrics: Estimates potential losses in worst-case scenarios.
• Performance by region, industry, and customer segment: Breaks down risk and return across different categories.
• Risk appetite and tolerance indicators: Displays current risk levels against predefined limits.

Unlock the Power of Financial Dashboards with DataBrain

Whether you're looking to create internal dashboards for your team or provide valuable insights to your customers, DataBrain's embedded analytics solution can help you achieve your goals with ease.

DataBrain empowers you to:

1. Create Customer-Facing Dashboards: Transform any of the financial dashboards we've discussed into powerful, interactive customer-facing tools. Provide your clients with real-time insights into their financial data, enhancing the value of your services.
2. Customize with Ease: Tailor dashboards to match your brand and meet specific customer needs without extensive coding. Our intuitive interface makes it simple to design and modify dashboards on the fly.
3. Ensure Data Security: Rest easy knowing that your sensitive financial data is protected with enterprise-grade security measures, allowing you to share insights safely with your clients.
4. Scale Effortlessly: As your business grows, DataBrain grows with you. Our cloud-based solution can handle increasing data volumes and user numbers without compromising performance.
5. Integrate Seamlessly: Connect DataBrain with your existing systems and data sources to create a unified analytics experience for both your team and your customers.

Ready to revolutionize your reporting and provide unparalleled value to your customers? Get started with DataBrain today and experience the ease of creating powerful, customer-facing financial dashboards. Start a free trial now!