As the proverbial saying goes you don’t know your business unless you know your business. Well yes and you only can only say so if you have the figures about your business at call all the time. So here is a list:
- Budget V actual. You have limited real estate on the iphone so it makes sense to have one number tracking budget to actual for key financial drivers such as sales with negative meaning you are off the mark. So by clicking that number you get the detailed information and you can take steps to mitigate the risk even before work even starts in the morning.
- Sales in the pipeline comparing those for which PO are pending with an indicator as to who the sales person is.
- Cash flow Forecast. Based on how you are set you could provide management with cash flow now compared to month 1, Month 6 and Full year. This will be helpful because decision makers need to know if financing in the future will be required.
- Actual V History. Some key account head comparing several historical years with the current year will help with tracking the business performance leading to faster actions to improve performance.
- Benchmarks. These are important when you are comparing your business with competition. Important ones are current and quick ratios and Inventory turnover or times table turn if you are in a restaurant or the equivalent in Covid 19 scenario.
- Industry performance metrics.
- Long-term matrices. The value drivers such as debt compared to equity will be helpful for your financing plans.
- Current Targets. Depending on industry these could be important projects
