GL Dashboard – Expense Benchmarking

Expense Benchmarking Dashboards to Streamline the Monthly Reporting Process How can Financial Dashboards Drive Faster and Better Decisions? As CFOs increasingly become key advisors in the Monthly Reporting Process, they must rely on modern self-service corporate performance management (CPM) and business intelligence (BI) tools. Using interactive Financial Dashboards like the Expense Benchmarking Dashboard template shown below enables them and users from the finance and executive teams to benchmark near real time expense metrics that help drive faster and better decisions. Who uses Expense Benchmarking Dashboards and What are Some Key Analytical Features? In today’s fast-paced business environment, CFOs are under high pressure to supply end users like analysts and controllers with timely and concise Financial Dashboards. Companies use key features like the ones below to support their users with effective analysis that helps drive expense management and profit optimization:

• Year-to-date (YTD) expense views with the selected business unit benchmarked against the average of all business units
• Chart comparing Year-to-Date (YTD) Actual and Budgets for the chosen business unit with the average of all units
• Monthly chart comparing Actual and Budgets for the chosen business unit with the average of all units