NetSuite Dashboards: A Guide for CFO's
Dec 16, 2022
NetSuite Dashboards give CFOs the ability to quickly access and understand their business performance. With this tool, they can track financial metrics such as budget vs actual spending, revenue trends, cash flow analysis, and much more. NetSuite dashboards provide CFOs with a real-time view of their data to understand key performance indicators and take action when necessary.
What are NetSuite dashboards?
NetSuite dashboards are highly customizable, allowing CFOs to tailor their dashboard to meet specific company needs. They can easily drag-and-drop different metrics and drill down into the data for an even more comprehensive view of performance. Dashboards can be shared with other relevant stakeholders such as the CEO, COO, and other C-Suite executives for a complete overview of the business.
Why are they important for CFOs?
NetSuite dashboards are essential for CFOs as they provide real-time insights into the current financial performance of their organization. This allows them to make informed decisions faster and take immediate action if needed. Additionally, it helps to eliminate manual processes and makes reporting more efficient. With NetSuite dashboards, CFOs can gain insight into their business, track KPIs and make strategic decisions based on the data in front of them.
Overview of NetSuite dashboard capabilities
Real-time data visibility
NetSuite dashboards allow CFOs to view their financial data in real time. This, combined with NetSuite alerts, makes it easier to identify potential issues and make changes as needed quickly.
With customizable metrics, CFOs can create tailored views of the data specific to their needs. Custom metrics can be both shared and hidden from other NetSuite users, meaning all data is secure.
Data drill-down capabilities
NetSuite reports allow CFO's to drill down to transaction level detail from any report. This helps to quickly identify anomalies and understand how numbers are being calculated.
Customizable layouts and widgets
NetSuite dashboards are extremely customizable. CFOs can easily drag-and-drop widgets and rearrange layouts to create an intuitive and organized dashboard that meets their needs.
Multiple dashboard options (standard, KPI, visual)
NetSuite provides CFOs with a variety of dashboard options to choose from. Standard dashboards are best for basic reporting, Key Performance Indicators (KPI) dashboards show progress against measurable goals, and Visual dashboards allow users to create visually appealing presentations of data.
How CFOs can use NetSuite dashboards to improve decision-making
NetSuite dashboards provide CFOs with an easy-to-use platform for monitoring their business performance. This means CFOs can make more informed decisions faster and take action on any potential issues quickly. Additionally, NetSuite dashboards allow users to drill down into the data for a more comprehensive view of their performance metrics. Through the use of NetSuite dashboards, CFOs can gain a better understanding of their business and make timely decisions that will lead to improved performance.
Financial performance tracking
NetSuite dashboards give CFOs a comprehensive view of their financial performance. This makes it easier to track key metrics such as budget vs actual spending, revenue trends, cash flow analysis and more. With this feature, CFOs can easily monitor their business’s financial health and take action when necessary.
Budgeting and forecasting
NetSuite dashboards make budgeting and forecasting easier for CFOs. They can quickly view their actual vs forecasted performance and identify any discrepancies that need to be addressed. This helps to ensure that their organization is always on track and achieving its goals.
Cash flow management
NetSuite dashboards provide CFOs with an easy way to track and manage their cash flow. They can quickly view all incoming and outgoing funds, including accounts receivable, accounts payable and investments. This makes it easier for them to make informed decisions about their cash flow.
NetSuite dashboards provide CFOs with an easy-to-use platform for monitoring their business performance. They can gain real-time insights into their financial data and quickly identify any potential issues that need to be addressed. Additionally, NetSuite dashboards make budgeting and forecasting easier and give users access to custom metrics that can be shared and hidden from other NetSuite users. With this tool, CFOs can make informed decisions quickly and ensure their organization is always on track for success.