Dashboards are a valuable tool for businesses of all sizes. They provide a visual and interactive way to track key performance indicators (KPIs) and other metrics, so that users can quickly identify trends and patterns, and make well-informed critical decisions.
However, not all dashboards are created equal. A good dashboard should be flexible enough to meet the unique needs of every business.
Every business is unique, and so are the metrics and KPIs
Every business has its own set of goals and objectives, and therefore, different metrics and KPIs that are important to track. For example, an e-commerce business may want to track metrics such as website traffic, conversion rates, and average order value.
A brick-and-mortar retail business may want to track metrics such as foot traffic, sales by product category, and customer satisfaction, and so on.
A flexible dashboard should allow users to customize the metrics and KPIs that are displayed, so that they can focus on the data that is most relevant to their business.
Evolving Needs – As the business grows, reporting requirements changes
As a business grows and evolves, its reporting requirements will change. For example, a startup may initially be focused on tracking metrics such as. However, as the business matures, it may need to start tracking additional metrics such as revenue, profitability, and customer churn.
A flexible dashboard should be easy to update and adapt to changing needs. And users should be able to add or remove metrics and KPIs at will, and create new dashboards as needed.
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Align the dashboard to your decision-making process
Different businesses have different decision-making processes. For example, some businesses may make decisions on a weekly basis, while others may make decisions on a monthly or quarterly basis.
A flexible dashboard should be aligned with the decision-making process of the business. Users should be able to easily access the data they need to make informed decisions, at the frequency that they need it.
Keep what is important and remove the distractions
Dashboards can be cluttered and overwhelming, especially if they contain too much data. It is important to keep dashboards focused on the most important metrics and KPIs, and to remove any distractions that could lead to confusion.
A flexible dashboard should allow users to filter and segment data, so that they can focus on the information that is most relevant to their needs. Users should also be able to customize the layout of the dashboard, so that they can arrange the data in a way that is most logical and easy to understand.
Build a dashboard that is unique to you and your users
Not all users need to see the same data on their dashboard. For example, a CEO may want to see a high-level overview of the business, while a sales manager may want to see more detailed data on their sales pipeline.
A flexible dashboard should allow users to create custom dashboards that are tailored to their specific needs. Users should be able to choose the metrics and KPIs that are most important to them and arrange the data in a way that is most logical and easy to understand.
Benefits of a flexible dashboard
A flexible dashboard offers a number of benefits, including:
- Improved decision-making: A flexible dashboard allows users to easily access the data they need to make informed decisions, at the frequency that they need it.
- Increased efficiency: A flexible dashboard can save users time and effort by eliminating the need to manually collect and analyze data.
- Improved communication: A flexible dashboard can be used to communicate key metrics and KPIs to stakeholders throughout the business.
- Enhanced collaboration: A flexible dashboard can be used to share data and insights with different teams and individuals, which can lead to better collaboration and decision-making.
Overall, a flexible dashboard is a valuable tool for businesses of all sizes. It can help businesses to improve their decision-making, increase efficiency, improve communication, and enhance collaboration.
Coming Soon...
The wait is almost over as TallyPrime is coming with much more than just interactive dashboards in its latest release---TallyPrime4.0. So, what to look for?
- Fully functional and interactive dashboard that enables users to drill-down for more information from any field, including the graphs.
- Insights from many reports are shown in various "Tiles" on a single screen, making it simpler to follow the major financial elements of the organization.
- Arrange the dashboard by adding, moving, and deleting tiles as necessary to suit your needs.
- Ability to customize each tile's information separately by including or deleting the data items that are most important to you.
- Adapt the information presentation to your needs - use simply data or graphs for each tile or combine data values and graphs.
And so much more….
