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Jun 18, 2024

From Data to Decisions: How these 5 Dashboard Insights Can Unleash Your Business’s Full Potential

Ankit Virani



Today, in the business world, where data is key, a well-designed dashboard serves as a central hub for monitoring your company’s vital movements. It’s essential to stay informed about all the important factors of your operations. To gain a clear understanding of your company’s performance, here are five key insights that your dashboard should have:

Overview: The Central Hub of Your Business Intelligence

The ‘Overview’ section of your dashboard is where all critical financial streams converge to offer a comprehensive snapshot of your business’s fiscal activity. It integrates various aspects such as sales, purchases, and the relationship between sales and credit notes, as well as payables versus receivables.

This section also provides visibility into your cash flow and the status of assets and liabilities. By having these daily numbers at your fingertips, you can make informed decisions that focus on growth and strategic planning. This holistic view ensures you’re not just keeping pace but are poised to capitalize on opportunities for expansion and improvement.

Within this overview lies the power to conduct a thorough analysis of your business’s performance. It’s like having a diagnostic tool that highlights your operational strengths and shines a light on areas ripe for development. By leveraging this insight, you can identify potential growth areas and refine your strategies to stay ahead in a competitive market. It’s not just about monitoring; it’s about actively managing your business trajectory towards sustained success.


Transaction Analysis: Simplifying Financial Review

The ‘Transaction Analysis’ feature of your dashboard presents a straightforward interface that simplifies the review of your financial transactions. With the ability to filter data on a monthly, quarterly, half-yearly, and yearly basis, you gain the flexibility to observe your business’s transaction patterns over different periods.

This temporal breakdown allows for a granular examination of financial activities, helping you to identify trends, assess performance during peak seasons, and make comparisons over time. Such an analysis is invaluable for strategic planning, budgeting, and forecasting, providing you with actionable insights to drive your business forward.


Also Read: 6 Must-Have Features in Automated Accounting Software

Accounting Details: Clarity in Financial Status

The ‘Accounting Details’ section on your dashboard is designed to provide quick and clear insights into your financial standing. It offers an immediate view of your bank and cash balances, allowing you to understand your current liquidity at a glance. Additionally, this feature enables you to delve into the amount and status of payments categorized by ledger group and voucher type.

This level of detail is crucial for maintaining precise control over your financial operations, ensuring that you are always aware of your payment obligations and cash position, which is essential for effective financial management and planning.


Top Performers: Spotlighting Business Excellence

The ‘Top Performers’ feature on your dashboard is a powerful tool that identifies the pillars of your business success. It highlights your top customers, products, suppliers, and trending ledgers, providing you with a clear picture of who and what is driving your business growth.

This insight allows you to recognize and appreciate the key contributors to your revenue, fostering strong relationships and informed product management. Furthermore, the customization options available enable you to tailor this feature to focus on the metrics that matter most to your business strategy, ensuring that you are always aligned with your growth objectives.


The ‘Trends and Analysis’ section of your dashboard is essential for understanding the evolving patterns in your business operations. It allows you to compare different trends in sales and collections, as well as purchases and payments, giving you a comprehensive view of your financial activities. This feature also provides summary aging data, which is crucial for managing accounts receivable and payable effectively.

By analyzing these trends, you can make informed decisions that align with your business’s financial health and strategic goals, ensuring that you stay ahead of market shifts and maintain a robust financial position.


Also Read: Work Smarter, Not Harder: Invoice Automation with Suvit

What's Next?

Adding these important reports and insights to your dashboard is a smart move for making better business choices. With Suvit, you get even more power to make good use of your data. Suvit’s dashboard is easy to understand and makes your data look good. It is also fully customizable, which means it can fit the specific needs of your business and your way of working.

With Suvit, you’re not just keeping track of key numbers; you’re also able to automate your accounting process. It’s a strong support in your work, making sure that it is always a helpful tool for your business. Not just this, you can easily manage clients and their documents without hassle with unlimited cloud storage.

Suvit also enables you to automate GST Reconciliation from it. Moreover, the GST module lets you track the GST return filing, and gives you the ITC report, and reconciliation status in 4 ways! Do you need more reasons or want to try it for free? Here you go with a seven-day free trial of Suvit!

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