Profitability control

Establish dashboards including the main economic and financial data relevant to the management of the organization, thus making it possible to monitor the financial situation and eliminate predictable liquidity crises.

1. Identify key indicators:

- Define economic and financial data: Identify critical financial indicators to monitor, such as cash flow, revenues, expenses, profit margins, debt levels, and cash flow forecasts.

- Engage stakeholders: Collaborate with relevant departments (finance, accounting, management) to ensure that all critical aspects are covered in the dashboards.

2. Design dashboards:

- Choose visualization tools: Select software tools for creating dashboards (e.g. Excel, Power BI, Tableau) based on the organization's needs.

- Design dashboards: Create clear and easy-to-interpret dashboards, with graphs and visual indicators to monitor economic and financial data in real time.

- Customize dashboards: Adapt dashboards for different management levels, allowing an overview for management and detailed views for department managers.

3. Data integration and automation:

- Data centralization: Set up a system for collecting and centralizing economic and financial data from different internal sources.

- Update automation: Set up automatic processes so that dashboards are updated in real time or at regular intervals without manual intervention.

4. Training and deployment:

- Train teams: Organize training sessions for end users so that they understand how to access, read, and interpret dashboards.

- Launch dashboards: Deploy dashboards within the organization, ensuring that all stakeholders have access to them and know how to use them.

5. Financial Monitoring:

- Regular Monitoring: Use dashboards to continuously monitor the organization's financial situation, quickly identifying negative trends or anomalies.

- Liquidity Crisis Identification: Using the indicators in place, anticipate and detect potential liquidity crises before they occur, allowing for preventive action.

6. Reporting and Review:

- Periodic Reporting: Create regular reports based on dashboard data for management, highlighting financial performance and risks.

- Continuous Improvement: Periodically reassess and adjust dashboards to ensure they continue to meet the organization's management needs based on economic and financial developments.

7. Proactive Management:

- Make Data-Driven Decisions: Use dashboard information to make informed decisions in real time, particularly regarding liquidity and investment management.

- Implement corrective actions: When warning signals are identified in the dashboards, react quickly by implementing corrective actions to avoid liquidity crises or other financial problems.