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Improve your financial data integration from ERP, banking, and accounting systems into a Power BI dashboard for real-time insights into revenue, expenses, cash flow, and overall financial performance.
Transforming Financial Reporting with Power BI
Finance professionals today face countless challenges, including the need for real-time insights, strict regulatory compliance, and driving strategic decisions with data, all while managing increasing volumes of complex information. Traditional financial reporting methods are no longer sufficient to meet these demands. In response, automated reporting is rapidly becoming an indispensable tool, enabling companies to save up to 80% of their time.
Examples of HR Dashboards with Power BI
Power BI enables transformative insights across multiple critical financial domains, revolutionising processes that are often burdened with inefficiency and manual effort.
Create dashboards that consolidate financial performance metrics from diverse sources, visualise complex indicators such as revenue streams, expense ratios, and budget utilisation. Enable granular analysis through drill-down capabilities for more informed decision-making.
Power BI enables advanced budgeting by developing predictive models that compare actual financial performance against projections in real time. Finance teams can generate highly accurate forecasts and automatically analyse variances to quickly identify trends and deviations, transforming traditional budgeting processes.
Monitor cash flow dynamics with greater detail than ever before and predict potential funding gaps and manage liquidity trends proactively. Finance departments can also track inflows and outflows across multiple accounts to develop predictive models for financial constraints.
Analyse expenses across departments, projects, and cost centres using multi-dimensional dashboards. Identify cost-saving opportunities and benchmark performance against industry standards.
Develop dashboards to track invoice lifecycles and payment behaviours, create aging reports and early warning systems to identify bottlenecks and improve cash management strategies with predictive models.
Monitor diverse financial instruments with real-time dashboards and analyse risk-adjusted returns and compare portfolios against market benchmarks.
Automate regulatory reporting to ensure transparency and consistent documentation and maintain compliance with evolving regulations, supported by real-time Power BI dashboards.
Leverage benchmarking tools to compare financial performance across dimensions and enable strategic planning with trend analysis and historical insights.
Could your business benefit by saving up to 80% of time by automating reporting? Our free data assessment empowers finance teams to streamline reporting, improve forecasting, and make data-driven decisions with confidence.
What’s Included:
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Schedule your free assessment with the BCN data experts today.
Power BI Benefits
Power BI transforms financial reporting by automating complex processes, reducing manual errors, and providing real-time insights that drive strategic decisions and maximise ROI.
For finance departments, approximately 60% of tasks can be fully or mostly automated including creating reports, significantly reducing effort on repetitive tasks. This automation eliminates manual errors and consolidates data from multiple sources
Did you know organisations with a 20-person finance team lose 1,920 hours annually on manual tasks like reporting? Automation can address this inefficiency, improving productivity and reducing task time by up to 50%. This allows employees to focus on more strategic tasks, ultimately saving time and money.
Automated data processing minimises manual errors, ensuring compliance and robust audit trails.
Real time insights and detailed dashboards empower finance teams to anticipate risks and opportunities.
Automating reporting with Power BI allows finance teams to dedicate more time to strategic initiatives. Research shows that 65% of employees feel less stressed when repetitive, manual tasks are automated, enabling them to concentrate on higher-value work. This not only improves efficiency but also increases job satisfaction, as employees can focus on meaningful, impactful responsibilities.
26% of organisations report that the primary reason for implementing automation is to enhance decision-making, allowing finance teams to become more strategic partners in the business.
BCN and Power BI
At BCN, our expert Power Platform teams understand the unique needs of finance departments and how to maximise Power BI to empower your team with financial data. We help streamline your financial processes, improve decision-making, and transform your analytics to save time, reduce costs, and enhance financial insights. Here’s how we can support your finance journey with Power BI.
BCN’s Power BI Managed Service ensures that your finance team gets the most value from your Power BI investment. Our expert team provides ongoing support to optimise your financial data applications, delivering valuable insights into key metrics like cash flow, profitability, and budgeting trends.
Our Power BI Governance Service for finance focuses on three critical areas Risk Assessment, Disaster Recovery, and Data Compliance. We help you audit your financial data environment, ensure adherence to financial regulations and standards like SOX or GDPR, and safeguard sensitive financial information with robust governance protocols.
Not sure where to begin with Power BI for finance? BCN’s consultancy service helps your finance team define clear objectives and learn how to turn your financial data into actionable insights. We’ll guide you in creating a data-driven financial environment, enhancing decision-making across areas like cost control, investment analysis, and financial forecasting.
Whether you're new to Power BI or seeking to improve your existing financial analytics, our Power BI experts can develop custom business intelligence solutions tailored to your finance department’s needs. From expense tracking to revenue analysis, we’ll build tools that enable smarter, data-backed financial decisions.
Are you still relying on outdated financial reporting tools? As a Microsoft Solutions Partner for Business Applications, BCN can help you migrate from legacy financial systems to Power BI. We’ll ensure a seamless transition with enhanced data visualisation and advanced reporting capabilities to meet the demands of modern finance.
Our team will review your finance-focused Power BI environment, optimise your dashboards, and improve your analytics. We’ll also provide training to ensure your team is fully equipped to use Power BI effectively. From standardising financial reports to introducing best practices, we’ll enhance your insights and decision-making processes.
Institute of Motor Industries (IMI) Management Accounts
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The IMI’s aim was clear, collaborate with a highly consultative IT partner to take the business forward from a financial reporting perspective. Initially chosen for a Sage 200 support role, a later requirement on analytics – specifically the implementation, visualisation, and surfacing of Sage 200 insights through Power BI – led to BCN working on the complex visualisation project of the IMI’s management accounts.
Connecting multiple data sources and transforming the way their performance data is collected, presented, disseminated, and analysed, BCN harnessed Power BI to link the Trust’s data sources and create near real-time data visualisations for 250,000 outpatient appointments.
Transform Your Financial Reporting Today
Achieve faster, smarter, and more efficient financial decision-making with Microsoft’s Power BI solutions. With the potential to reduce costs across key processes by up to 46%, it’s time to prepare for the future of automated, simplistic financial reporting.
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