bring complex financial data to life with advanced visualization techniques.
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quick tech talk
with steve yoss
cpe today
have you ever checked out microsoft power bi? it’s microsoft’s business intelligence and visualization tool. it can take any type of structured and digital data and turn it into beautiful interactive dashboards.
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it’s difficult for most non-accounting folks to read a balance sheet or make sense of a cash flow statement. what’s beautiful about tools like power bi or tableau is that they can take your financial data, bring it to life, and allow decision-makers to get the information they need in the way that they want to receive it.
you can divide your income statement into charts and graphs, and you can do statistical analysis on this. you can also bring it together with other nontraditional accounting data such as your marketing data, your sales data, maybe even your social media data, and more to give decision-makers the information they need in the way that they want to receive it. the visualization techniques inside of power bi are easy to use and easy to learn. once you create a dashboard, you can set it and forget it. it follows the principle of right once refresh many. so once you create that dashboard and you publish it to your company, they’re going to be able to get the insight they need when they need it and answer the questions that they need to better run their business.