Performance report making has always been a vital process for any company especially when they are trying to woo new investors or explain the company’s financial position. Putting information together in the past when preparing a performance report has proved to be not only difficult but time-consuming. These reports have not only been time-consuming but are also known to require a lot of energy and commitment. This has however changed recently with the introduction of different dashboard designs that one could use in enhancing their reports and presentation. You must, however, take your time to find out the best dashboards there are in the market and the ones that suit your business preferences. Here are a few tips to consider before you start looking for the best dashboard design.
Grouping Data Logically Is Always Key
Most people can guess how organized your company is just by analysing your report presentation and organization style. Most viewers would love to see logically placed information that is neat and grouped effectively. This comes down to putting the data on sales on one specific area of the presentation and important data on marketing on the next area. Proper organization gives the investors and other viewers an easy time in comprehending the entire presentation. Your reports need to have supportive data like the company’s inventories, actuals, people and most importantly the forecast. Ensure that the way every data is represented in the report makes sense and is easy to be understood by the viewers.
Select The Most Appropriate Dashboard
The most common dashboard designs are Analytical, operational and lastly strategic dashboards. All of these models are effective but there is always one that best matches your needs. Operational dashboards are mainly responsible for keeping track of the online data like websites among others. Their scope of operation is actual data or near actual time information. Analytical model, on the other hand, is good for getting the operational or strategic data. If you need to see the functionality of the company and the insights then this could be the dashboard for you. The strategic dashboard which is also known as the executive dashboard focuses on key performance indicators. this is the best model to show your investors and viewers your strongholds, future opportunities, and weaknesses of your organization.
You are allowed to use more than one dashboard if it could make the presentation more clear and detailed to the viewers. The technique mainly applies to a case where there is a lot of data that needs to be interpreted and explained but one model does not quite exactly stand to do the task efficiently.