Carlson Thought Leadership in Finance & Technology

Data - The Key to Decision Making

October 6, 2020 / by Mary Beth Gossart

Most everyone realizes that data is the key to decision making but what does that mean exactly? We are capturing data all day long, that’s great now that we have the data what do we do with it? How do we keep track of it and how do we use it? Also is it easy to get at the data or does it take hours to make sense of it.

Most companies have data in multiple spreadsheets, tied to manual process or just not readily available. Data-driven decisions that transform organizations require broad and deep visibility into financial and operational data. Sage Intacct does not rely on external tools to display real-time, drill-able source data it has that capability built right in Sage Intacct’s dashboards provide financial reports, operational reports using key metrics, and performance cards, to make it easy to see how your company is performing at a glance. The highly customizable dashboards can be configured by each user to make them more productive.

The thing I like most about Sage Intacct is the dashboards. Having all the data I need all in one place that is in real time and I can drill down on it! This would have made my life as a CFO so much easier. Just being able to see my cash balances along with my payables and receivables aging’s without having to run three different reports would have been a huge time savings. The ability to have other users be able to see their needed reports and performance cards in real time with drill down capabilities without the need for the finance department to help them in any way empowers non finance users and frees up finance staff to do other things. Gone are the days when a department head needs to ask the finance department where they stand with their budget. Create a dashboard for that department and add a P&L with budget to the dashboard then give it to the department head.

No conversation about Sage Intacct would be complete without talking about dimensions. Dimensions tell the story of the data and are what we use to slice and dice the data so we can get to the deeper analysis. Dimensions are built into the reporting tools, giving you the power to group, sort, filter, and expand data visually. Use dimensions to filter your financial data right on your dashboard. For example, dig into revenue accounts that are tagged to a specific line of business or a region with just a click. Having multiple reports showing performance by dimension all in one place helps finance professionals to make strategic business decisions.

Tired of juggling multiple spreadsheets to gain visibility into your consolidated numbers? Sage Intacct was created with multi entity and multi-currency at its core. Because Sage Intacct allows for continuous multi entity consolidations which are streamlined across all entities viewing consolidated reports is a breeze. The ability to see global company performance as well as sub consolidations by any groupings in base or functional currencies all on one dashboard is a huge time savings at month end and arms you with the data you need to make real time decisions for your business.

Why run multiple reports and spend valuable time crunching numbers when you can instantly bring up a dashboard that not only has the real time drill-able reports you need but also has score cards that quickly allow you to see key performance data with visual indicators. Quickly know how your current revenue actuals compare to budget or how is your profit margin versus the last three months

I could go on talking about Sage Intacct all day but it’s better when the users speak “Sage Intacct’s dashboards, report writer, dimensions, and statistical capabilities are just phenomenal. We created magnificent dashboards that were unimaginable to us just a couple months before deploying the system, and they’ve dramatically changed how we analyze financial data.” — Alejandro Pérez, Chief Happiness Officer & CEO, Komet Salesshare

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