Get Home Earlier (with less worry) with Financial Dashboards That Enable Quicker, Better Decisions
As the owner of a business-solutions delivery company, I have had many discussions with other executives, project managers, and business owners about dashboard reporting, or, as it is often called, “What keeps you up at night?” As the father of four kids, all within four years of each other, I guess discussing “What keeps you up at night” depends on the time of life to which we are referring. When we had four kids under the age of four, kids crying in the middle of the night kept me up at night. As the demands of growing our business increased at the same pace as our family, what kept me up at night kept changing. It became difficult to balance the needs of my family with the challenges of working with more companies that didn’t have a good way to manage their business other than Excel.
It amazes me how many large businesses would really struggle if they couldn’t use Excel. It is not that I don’t like or utilize Excel; however, if you are using it for billing, scheduling, resource planning, and/or reporting, you are in trouble when it comes to avoiding the fears that keep you up at night.
Before my family and business grew, gut feelings and driving energy were great tools to run both. Kids are sick? Okay, just stay up all night with them; no big deal. I don’t need to sleep. The project behind schedule? No problem, just pull an all-nighter and we can be back on track by the weekend. When you are small, you immediately know how things are going. Do kids get hurt? Spend a little one-on-one time with them and they will immediately light up. The client is upset? No problem, you just spend quality time with them, understand the issues, and do the things that make it right. You know whether you are able to fix the issue right then with instant feedback. You can use that information to make changes that will avoid future problems with other clients.
Kids become teenagers, and suddenly you have no idea who they are. What happened to the sweet, little kids that used to wear footy pajamas and think you were the greatest dad in the world? Now you feel like you are living on another planet and aren’t even sure how to talk to them. You still love them; would do anything to make everything right for them and help them avoid any pain, but it’s not as simple as it used to be.
Your business doesn’t seem like the same business you ran earlier, either. You don’t have the energy to pull all-nighters like you used to. Worse yet, you’re not sure even if you stayed up all night what you should work on. So you sit there pondering instead, losing sleep but without the productivity. This is where many discussions with executives owners ultimately come back to; what keeps you up at night?
I have the answer to your late-night anguish. The answer to your worries if you don’t have the financial dashboards you need (gauges, KPIs, and reports). This information can be a backlog, pipeline, receivables, payables, cash flow, project issues, project risks, or countless other information. With Intacct’s dashboard reporting I have the information I need to know where to spend my limited time, money, and energy. Having these tools don’t take all the challenge out of running an organization, but it does allow me to know when and how to make key decisions. And gets me home much earlier and without worry after a day at work.
And by utilizing Intacct dashboard reporting, I don’t have to stay up at night worrying about One Vision Solutions. The kids may be a different matter though.
Kreg Decker, Partner