One glance at your car’s dashboard tells you everything you need to know about your speed, fuel, oil temperature, and other vital systems to ensure your car is running smoothly and safely. You can say the same thing about a reporting dashboard that provides visual analysis of your business activity. But what is the value of dashboards and how can you access them?
The new charting tools and dashboards in Sage 100 ERP convert large volumes of raw data into visual queues that will help you make more informed decisions and set your business on a course to success. Your business dashboard in Sage 100 aggregates vital information from across your business and throughout your database and presents it in an easy-to-read format that’s simple to interpret at a glance.
Just as you don’t need to monitor things like tire pressure or brake fluid in your car every few minutes and therefore they aren’t a constant presence on your car’s dashboard, a reporting dashboard that can be customized to include only your key performance indicators (KPIs) or the information that you feel is vital to the smooth operation of your business. You can choose your KPIs based on what is the important financial and non-financial metrics that your management relies on to evaluate operational health and progress toward your long-term goals.
One of the nice things about a dashboard is that the information is displayed in real-time so don’t have to wait until the end of the month or quarter when you finally get the report you’ve been waiting for and you can take action before things really get out of hand. This is especially important when you are taking a “Management by Exception” approach where the objective is to reduce the quantity of detail contained in reports in order to focus on the things that require quick and decisive action. Just as the warning lights on your car’s dashboard alert you to a critical issue in your engine, the glaring chart or graph on your Sage 100 dashboard can draw your attention to critical issues that require immediate attention, such as dropping sales or unpaid invoices.
Dashboards aren’t a replacement for traditional reporting – they are a compliment to it. Because dashboards and other business intelligence tools tend to be more user-friendly than traditional reporting tools, you can easily slice and dice the data ‘on the fly’ without having to rely on your IT department to modify your reports. Plus the visual dashboards and graphical charts provide meaningful insight at a glance, empowering you with tools to make quick and informed decisions, evaluate performance, cut costs, improve profitability, and serve your customers better.
Contact us to discuss a strategy for putting dashboards to work for you.
By Socius, a Sage ERP Partner in Ohio (http://www.socius1.com)