Financial and Operational Metrics: Dashboards for a 360° View
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Ask, Share, Learn – Within the Largest Community of Corporate Finance Prof Financial and Operational Metrics: Dashboards for a 360° View
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While financial metrics are critical factors in determining a company’s health, failing to define and integrate operational metrics can crush company performance. By identifying and measuring operational drivers and including them in the financial planning process, companies can build more accurate models and gain a clear understanding of impacts on profitability. Join Axiom EPM and Tube Lines experts as they share insights and examples on the importance of utilizing both financial and operational metrics to build viable planning models. You will also see how organizations are leveraging real-time dashboards that help executives plan with a higher degree of confidence and accuracy.
Transcript of Financial and Operational Metrics: Dashboards for a 360° View
Ask, Share, Learn – Within the Largest Community of Corporate Finance Professionals
Financial and Operational Metrics: Dashboards for a 360° View
• Learn how to identify, measure, and manage relevant operational metrics for your company
• Understand how to improve your company’s planning models using both financial and operational data
• Discover how companies are leveraging real-time dashboards to gain visibility and execute plans with higher accuracy
Learning Objectives
After attending this event you will be able to:
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Ask, Share, Learn – Within the Largest Community of Corporate Finance Professionals
Financial and Operational Metrics: Dashboards for a 360° ViewTom McCarthy, Senior Solution Engineer, Axiom EPM
As a Chief Story Teller Positioned to be the knowledge center of the organization Taking on data stewardship beyond the financials With ability to forecast better than anyone
As a Strategic Advisor to the Organization Strategic thinker with strong business acumen Having a seat at the table Well versed in the risk return equation
As a Partner to Operations Understanding their goals & objectives Establishing a quid pro quo arrangement
The Role of Finance is Changing
Finance’s Role
Analytic Capability
Efficiency & Control
Scorekeeper
• Reporting• Accuracy• Retrospective• Disconnected
StrategicPartner
• Advising• Growth focused• Risk aware• Present & future• Connected
Controller
• Gatekeeper• Expense focused• Governance• Retrospective
Analyst
• Measuring• Planning• Calculating• Modeling• Past and future
1 2
3 4
Quadrant 4 Embodies all the
characteristics of the other three quadrants
plus leadership and outbound activities
The C-Suite is Changing Too
What is the profile of the next generation CEO?
How analytically strong are they?
How are they accustomed to processing information?
What sort of devices are they accustomed to?
What do think about technology?
Source: 2013 IBM C-Suites Global Study
What Are We Delivering to the C-Suite?
• Is it this?
What Are We Delivering to the C-Suite?
• Or this?
Performance Initiatives
Providing more insightful reporting and analysis to support decision making
Understanding key drivers of profitability across various dimensions (customer, channel etc.)
Cost containment and efficiency
Improving and shortening budgeting and planning process
Scenario modeling to analyze the impact of various drivers, initiatives and risk factors
Linking long-range strategic planning and forecasts to short-term operational plans
Becoming a better strategic partner to the business
Streamlining the financial consolidations and close process
0% 10% 20% 30% 40% 50% 60% 70% 80%
21%
23%
35%
41%
47%
48%
53%
76%
Axiom EPM 2013 Performance Management Survey
Market Research
2014 Performance Management Priorities
Challenge #1: More Insightful Reporting
• Provide more insightful reporting and analysis to support decision making
Management reporting
Ad hoc end user reporting
Legal/Statutory reporting
Prepackaged eternal reporting (SEC formats, XBRL etc.)
0%10%
20%30%
40%50%
60%70%
80%90%
100%
13%
16%
59%
94%
Which areas of reporting are most important for you to address?
Thank you for your interest in this presentation. View the on-demand webinar or download the full
presentation at:www.Proformative.com
Financial and Operational Metrics: Dashboards for a 360° View
