A financial dashboard provides complete control over a bank's daily operations. The dashboard provides real-time reports on the establishment's performance against the specified KPIs. In this article, we have talked about Financial Analytics Dashboards for BFSI Sector.

1. How to Create Financial
Analytics Dashboards
for Banks and
Accounting Services
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2. What are your business goals? What do you want to achieve this fiscal
year? Are there any long-term plans? The dashboard is designed based
on the metrics you want to measure and track.
1. Start With Your Goals
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3. It’s not surprising for a bank to have several metrics to monitor its growth
and performance. However, adding all those to the dashboard will cause
more confusion than providing any help. Shortlist the essential metrics to
be directly displayed on the dashboard. The rest can be included in the
filters and used whenever necessary.
2. Finalize the Metrics
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4. The aim of creating a Power BI finance dashboard is to monitor the
establishment’s performance. From day-to-day activities to overall health,
you need to consider creating visualizations for each of them.
3. Monitor and Report Performance
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5. The dashboard displays data visualizations in real-time. How do you want
the reports to show up on the interface? Choose the layout, types of
graphs, and their positions to provide you with the necessary information
in just one glance. You should find what you want simply by looking at the
dashboard.
4. Create Data Visualization
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6. How often do you want to run analytics in your bank? Monthly, quarterly,
or semi-annually? You can set up the frequency to automate the process
using Power BI. The dashboard will directly provide you with the reports
based on the parameters you defined. The frequency of reports is also
decided based on your budget.
5. Setup the Frequency for Reports
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7. The primary aim of using financial dashboards is to increase customer
satisfaction and thereby generate more profit. Your metrics and filters
should align with your ultimate goal of enhancing the customer
experience.
6. Emphasize Customer Experience
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8. The Power BI dashboard is highly customizable and can be created as per
your requirements. However, it’s not recommended to clutter the
dashboard with too many reports at once.
7. Don’t Clutter the Dashboard
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9. Gross Profit Margin
Net Profit
Net Profit Margin
Account Receivables
Current Ratio
Important aspects to include in the
financial analytics dashboard
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10. Read the full article
https://www.datatobiz.com/blog/create-
financial-analytics-dashboards/
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