Invenio executive dashboards - considerations
Upcoming SlideShare
Loading in...5
×
 

Invenio executive dashboards - considerations

on

  • 579 views

One approach to creating executive level reporting dashboards for your mobile devices. Using the tools you already have - Excel, Powerpoint and Adobe - it is relatively easy to create mobile device ...

One approach to creating executive level reporting dashboards for your mobile devices. Using the tools you already have - Excel, Powerpoint and Adobe - it is relatively easy to create mobile device friendly reporting. Start preparing your content for a mobile setting - soon!

Statistics

Views

Total Views
579
Views on SlideShare
579
Embed Views
0

Actions

Likes
0
Downloads
6
Comments
0

0 Embeds 0

No embeds

Accessibility

Categories

Upload Details

Uploaded via as Adobe PDF

Usage Rights

© All Rights Reserved

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Processing…
Post Comment
Edit your comment

Invenio executive dashboards - considerations Invenio executive dashboards - considerations Presentation Transcript

  • Don Tomoff, MBA, CPA don@invenioadvisorsllc.com LinkedIn Profile | Company Facebook Page @invenioadvisors Download | Bus. Card | Company OverviewiPad – Executive Dashboard Development
  • Why Dashboards? Typical Business Challenges  Disparate processes  Poor visibility into information and key metrics  Lack of timely, consistent reporting among executives monitoring business  Technology challenge – multiple systems/platforms that generate reporting information 2/27/2013 Don Tomoff | iPad – Executive Dashboards 2
  • Why Dashboards?  Well designed executive dashboards help you monitor business performance and key metrics  Eliminates the “clutter” from financial reports, enabling an executive or management team to quickly keep a pulse on the business  Enables easy report view and standardization of management information, simplifying report digestion and decision making  Easy to distribute across multiple platforms – iPad is ideal due to interface 2/27/2013 Don Tomoff | iPad – Executive Dashboards 3
  • iPad Considerations  Planning is important!  Customize dashboard reporting for screen size  Tap-driven navigation  Bigger fonts and larger objects required  Less is More – key metrics and data. Resist the urge to include everything! 2/27/2013 Don Tomoff | iPad – Executive Dashboards 4
  • MS Office For Executive Dashboards?  Numerous applications exist to simplify creation of dashboards – determining which is best for your purpose is cumbersome  Microsoft Office provides great tools for developing and reporting beautifully presented dashboard information – AND already available  Techniques needed to create quality dashboard are straight forward and relatively easy to use. However, they may not be obvious 2/27/2013 Don Tomoff | iPad – Executive Dashboards 5
  • MS Office For Executive Dashboards?  If you are reasonable proficient in using Excel and Powerpoint, you can develop a sophisticated model fairly quickly  The opportunities to leverage this capability will expand as you work through the process – very flexible 2/27/2013 Don Tomoff | iPad – Executive Dashboards 6
  • Getting Started – Steps to Success  Identify project  Define goals and key metrics – Operational reporting, as well as summary reporting  Build model, review, and refine  Distribution and user adoption  Model maintenance and keeping content current 2/27/2013 Don Tomoff | iPad – Executive Dashboards 7
  • Identify Project  Determine data to include in dashboard reporting? – Start simple; create executive “buy-in”  Identify audience and key users of dashboard?  Identify parties responsible for maintaining and refining dashboards going forward 2/27/2013 Don Tomoff | iPad – Executive Dashboards 8
  • Define Goals and Key Metrics  Visualize the project – A brain storming session is great for this  Determine what you want to measure – Short-term metrics to monitor business? – Longer term metrics for strategic business analysis?  What processes need to be put in place? – Information flow to streamline effort – This can be a time consuming effort 2/27/2013 Don Tomoff | iPad – Executive Dashboards 9
  • Build Model, Review, and Refine  Dashboards DO require upfront time to setup, but, when properly built, require little maintenance effort  Leverage Excel’s advanced capabilities to streamline the data and chart updating  Distribute across mobile platforms with ease 2/27/2013 Don Tomoff | iPad – Executive Dashboards 10
  • Build Model, Review, and Refine  Powerpoint is useful to provide flexibility in sizing objects and properly arranging and formatting on a page. Objects should be linked from Excel and navigation hyperlinks included for easy iPad use  “Publish” to PDF. Make sure that links “stick” in final documents  Review and test process – mistakes can happen! 2/27/2013 Don Tomoff | iPad – Executive Dashboards 11
  • Dashboard Distribution and User Adoption  Set up a seamless distribution process – cloud file synchronization services are perfect for this  On mobile platform, user should access files directly from the device – GoodReader app works well and we highly recommend!  Educate users – accessing reports, navigation and annotation capabilities  User adoption will be greater if it is SIMPLE! Importance of ease of use cannot be overstated! 2/27/2013 Don Tomoff | iPad – Executive Dashboards 12
  • Case Study – Panera Bread Co.  Public company – data is largely pulled directly from the internet (Yahoo, Google Finance, MSN Money). Web queries can be used to simplify.  Key company financial data is accumulated and entered into an Excel spreadsheet - pivot tables, charts, macros, etc. help simplify ongoing maintenance effort 2/27/2013 Don Tomoff | iPad – Executive Dashboards 13
  • Case Study – Panera Bread Co.  Formatting is next - develop objects for Dashboard report – Take the time to do this right – it will save you hours each month on maintaining the effort!  Sample report images are on following pages. Report is comprehensive and updating is easy 2/27/2013 Don Tomoff | iPad – Executive Dashboards 14
  • Case Study – PNRA (Report Pages) Touch navigation buttons Report date updates automatically based on when report is generated 2/27/2013 Don Tomoff | iPad – Executive Dashboards 15
  • Case Study – PNRA (Report Pages) Button format changes based on current screen – easy to identify! Website links open up directly in browser – tap to access 2/27/2013 Don Tomoff | iPad – Executive Dashboards 16
  • Case Study – PNRA (Report Pages) Highlights key SEC filings for quick access – list ALWAYS current Links open up document directly – easy to navigate, etc. – see slide 15. 2/27/2013 Don Tomoff | iPad – Executive Dashboards 17
  • Case Study – PNRA (Report Pages) Hyperlinked Table of Contents – just tap to navigate to desired section 2/27/2013 Don Tomoff | iPad – Executive Dashboards 18
  • Case Study – PNRA (Report Pages) Flexible navigation menu – in this case, when “Financials” are selected, the top navigation menu changes. Charts easily accommodated – updating is automatic whenever underlying data changes Additional navigation buttons provide more flexibility 2/27/2013 Don Tomoff | iPad – Executive Dashboards 19
  • Case Study – PNRA (Report Pages) Rolling data (Table and Chart) updates automatically as underlying data changes. 2/27/2013 Don Tomoff | iPad – Executive Dashboards 20
  • Case Study – PNRA (Report Pages) 2/27/2013 Don Tomoff | iPad – Executive Dashboards 21
  • Case Study – PNRA (Report Pages) In this case, direct links to website data is connected to Objects. Tapping object opens up report from Panera Investor Relations website. 2/27/2013 Don Tomoff | iPad – Executive Dashboards 22
  • Dashboards – Key Considerations  Design and proper development is key! Spend the time up front to do it right.  Distribution to users (Board, executives, management) can be seamless if received on the iPad  Update and Review is essential – mapping errors, etc. may occur. 2/27/2013 Don Tomoff | iPad – Executive Dashboards 23
  • Dashboards – Key Considerations  Start with a small project to develop and understand process. Executive buy-in will lead to bigger wins and fuller understanding of potential.  Payoff for report users is huge – easy to use, always available, always current! 2/27/2013 Don Tomoff | iPad – Executive Dashboards 24
  • Dashboards – Last Thoughts... The example reviewed in this presentation was a public company, but there are numerous instances where this process is relevant –  Private company monthly reporting – high level report containing summary information, key metrics, charts, etc.  Peer analysis review – easily compare and analyze other companies that operate in your industry. Identify key performance metrics and compare to your company.  Professional services firms – easily monitor your public company clients and have updated information always at your fingertips!  Asset Management firms – easily monitor performance of key metrics of companies invested in  The potential is significant…. 2/27/2013 Don Tomoff | iPad – Executive Dashboards 25