Asset Management Power BI reports will provide CFOs and Operations management with deep insights into fixed assets, including acquisitions, book value, and depreciation.
1. Asset management Power BI reports
Asset Management Power BI↗ reports will provide CFOs and Operations management with deep insights into fixed assets, including acquisitions, book value, and depreciation.
Power BI reports will help you to understand the impact of various depreciation models and forecasts on your asset portfolio. This means that you can proactively plan asset retirement and strategic investments in key assets, and project the impact of various depreciation models on your bottom line and make decisions backed by data.
You will be able to view key asset book lifetime metrics, such as Net book value (NBV), depreciation, and accumulated depreciation by asset category and location. You can dive into patterns and understand trends that lie hidden beneath the data, and make strategic decisions, such as major upgrades and plant re-tooling proactively backed with data.
You will be able to monitor fixed asset acquisition, retirement processes, and identify areas of improvement. This means that you’ll be able to understand the operational impact of asset acquisition, and retirement, plus prioritise asset acquisition requests based on data.
You’ll be able to use these reports to understand fixed asset valuation and create metrics and reports by product, location, and asset classification.
2. Cost Accounting Power BI reports
Cost Accounting Power BI reports provide the ability to build rich visualisations for C-level managers highlighting the performance of the entire organisation in a common currency.
These reports will allow you to view performance at any organisational or individual Cost object level (cost centres, product groups). You’ll be able to validate overhead calculation and see the net change by cost object origin from cost centre allocations with cost roll-up details.
You will also be able to combine statistical elements and cost elements by cost objects.
3. Credit Management Power BI content
The Credit Management Power BI content pack will provide deep insights into your credit management and collection process to help you grow your relationships with customers and build profitable partnerships. This is an indispensable tool for credit and collection managers as well as account managers, in that it will provide the information needed to make decisions backed by data.
This tool will help you discover the hidden sources of cash in your operations. By diving deep into key measures such as days sales outstanding (DSO), your managers can locate customers, product groups, regions, and sales staff that are contributing to poor collections. You can take corrective action backed by data to avoid process delays and bottlenecks.
Power BI reports group receivables into natural clusters so you can detect patterns and groups. You can compare existing pools with natural clusters detected by the system and consider changes to credit policies backed by real data.
You’ll be able to use this tool to provide rich insights to your account and sales managers on customers’ collection performance, to enable them to identify valuable customers. You can encourage your customer-facing staff to seek valuable partnerships backed by data, and encourage sales staff to promote products and services with the right combination of pricing and terms.
Power BI reports will help you to become a master of managing by exception. Identify customers over or nearing their credit limits and understand the likelihood of payment delays and past due payments early, so that you can intervene before it’s too late.
You will be able to view customer profiles (products they buy, sales people, regions, and previous orders) that are closing on limits, and offer them better terms, and where appropriate, newer limits.
Power BI reports can be used to detect payments and customer groups before they reach past due stage, so you will be able to understand probabilities of past due payments and define alert conditions to notify you in case of exceptions.
Comprehensive reporting and dashboard capabilities built into Power BI will mean that your collections and account management teams can proactively manage their customers.
4. Expense Management Power BI reports
Expense Management Power BI reports will let managers and supervisors manage their expenditure budgets. By focusing on exceptions and outliers, these reports will help you to quickly take action when and where needed.
These reports will help you to get insights into seasonality by expense categories and become better at predicting your expenses and budget consumption. You will also be able to identify expense activity and forecast trends before expenses get out of hand.
You will be able to identify regular expenses and patterns by employees and business units, reduce waste, and negotiate better contracts with your suppliers and service providers for recurring expenses. This means that you can identify the numbers and patterns of expenses as they go through the various stages of processes, which will let you streamline your expense processes by removing bottlenecks and delays.
Finally, these reports will help you to understand patterns in your expense lines and improve how you budget for expenses.
Expense Management Power BI reports will have comprehensive reporting and dashboard capabilities built into Power BI, so your managers will be able to proactively manage their own expenses. They will also be able to author reports and KPIs without help from IT, and pin the reports to workspaces for contextual insights.
5. Purchasing Analysis Power BI content
The Purchasing Analytics Power BI content pack will equip purchasing managers with deep insights that enable them to streamline their processes, and manage the cash flow while building relationships with suppliers.
Whether you are a distributor or a manufacturer relying on strategic suppliers or a professional services company leveraging services of suppliers, as a purchasing manager, you are responsible for managing vital relationships. With comprehensive visibility into orders, payments and payables, you will have the ability to manage processes and take action where needed.
Power BI reports can be used to foster relationships with your strategic suppliers by ensuring compliance with pre-negotiated payment terms. You can quickly dive into exceptions and delays to take corrective action, as well as analyse trends and define alerts to be notified in case of exceptions.
As a purchasing manager, you contribute to the financial health of the company. Power BI reports will let you identify large payments and decide whether you should negotiate early settlement discounts proactively. You can also analyse options such as paying early versus waiting for the due date. By taking a strategic view of payments, you can help to proactively manage cash flow.
Monitor and improve the effectiveness of your internal processes by reviewing the case load of invoices. Get insights into key metrics such as Number of days spent from receipts to posting. Load balance invoice processing among your staff members by reviewing and forecasting the case load.
Comprehensive reporting and Dashboarding capabilities built into Power BI enables your purchasing managers to monitor, analyse and take action backed by data. They can author reports and KPIs without help from IT and pin them to Dynamics 365 workspaces for contextual insights.
Programming in Dynamics 365 for Operations
A native of London and a graduate in economics, Simon began his marketing and PR career in the music and film industries. Simon is fascinated by the compelling ideas that shape our future and communicates them with passion.