I am sure it is the aspiration of every CFO
to simply wear a pair of magical glasses that immediately gives them a bird’s
eye view of the financial health of their company. The needs of each business
are different, and it indeed will be a tall order to build the perfect pair of
magical glasses. However, it is also not
so difficult to abstract the problem and arrive at a reasonably common set of
indicators that CFOs need to track irrespective of their business. The process
of mining the information and deriving meaningful intelligence from it should
not in itself become nightmarish. Similarly, it should be relatively easy to
choose the mode of delivering that information – be it a dashboard or a
distributable MIS report. With a pair of these magical glasses, strategic
decision making process can be easily accelerated.
Here is my wish-list for my pair of magical glasses:
·
The ability to compare
information across various dimensions - periods, entities, divisions,
cost-centers, geographies etc.
·
Collection of widgets – each of
which will communicate an important piece of information, like margins, ratios,
sales, ageing etc.
·
Graphical charts that can
drill-down to the lowest level of information
·
Completely customizable MIS
reports, so that I get what I want, and not what the software thinks I should
get
As a
CFO what would you like to see when you wear your pair of magical glasses?
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