Decoding the Complexity of FinancialForce Reports and Dashboards – Part 1 [Financial Management Reporting]

FinancialForce provides a complete range of applications for enterprises to keep track of their finances. However, in this blog series, we’ll uncover the three specific offerings from FinancialForce;

1. Financial Management Reporting
2. Financial Management Analytics, and
3. PSA Analytics

Deploying these applications can be complex if you aren’t familiar with the fundamentals. And covering everything in one would result in a giant blog. So to make it easier to consume, we’ve converted this blog topic into three bite-sized chunks that you can follow through the rest of the series.

Each segment begins by understanding the importance of each application. Then decodes a detailed overview of reports and dashboards to help you achieve the so-called state of nirvana in all your business operations.

Why Are Reporting and Analytics Crucial for Your Business?

Replacing time-consuming spreadsheets with smart analytics does more than saving manpower to create the same ole financial reports. Besides automating complex calculations with more accuracy and precision, FinancialForce dashboard features enable you to make better business decisions using real-time financial analysis, actionable analytics, and insightful modeling. Additionally, you get to combine data from all departments into a single wholesome dashboard.

This blog guides you through the Financial Management Reporting application using a step-by-step visual demonstration process to streamline your operations using its reports and dashboards.

Financial Management Reporting

In order to give your sales, service, and management teams real-time information, the financial statements are delivered directly from FFA transaction data and updated to your dashboard. FM reporting dashboard consists of KPIs such as balance sheet, income statements, profit and loss, trial balance, etc., displayed in the visuals below.

Click on DASHBOARDS under the financial statement segment of your home page to view all your dashboards.

Under the same segment, click on LENSES to find a list of all your reports created.

As the name suggests, view your balance sheet by clicking on the “Balance Sheet” segment on your dashboard. Your balance sheet is built in rows and columns so that you can view information at your convenience using the quick and easy drill-down feature. 

With balance sheets, you also can drill down directly into transactions. Drill down further to view transaction data – available only on FinancialForce.

Conclusion

FinancialForce reports and dashboards accelerate your business growth with unparalleled Insights. The Dashboards and fine-tuned data reports keep your operations running lean, consistent, and predictive. Get access to:

• Sales Visibility – Visibility into the sales pipeline helps information flow between sales and services.
• Faster Process – Get relevant reporting and analytics at your fingertips so that you can make critical business decisions anytime, anywhere.
• 360 degree – Obtain a real-time understanding of customer lifetime value with actionable comprehensive insights.
• KPIs – Access dashboards to visualize key performance indicators (KPIs) and trends in your business.
• Predictability – Utilize intelligent data to predict future revenues, collections, cash flow, and other business outcomes.

Want more materials to get a deeper understanding of FinancialForce reports and dashboards? Access AblyPro’s on-demand webinar here.

If you need a FinancialForce expert to discuss your business requirements and solve your queries, feel free to call us at 240-259-3076 or write to us at wecare@ablypro.com to schedule a meeting.