Current Volume 8
Leveraging Real-Time Dashboards for Strategic KPI Tracking in Multinational Finance Operations
Abstract
In today's fast-paced global business environment, multinational organizations face the challenge of efficiently managing and tracking financial performance across diverse subsidiaries. Real-time dashboards have emerged as a critical tool for addressing this challenge, providing financial leaders with an integrated view of key performance indicators (KPIs) from multiple regions. This explores the implementation and strategic value of real-time dashboards in multinational finance operations, drawing on firsthand experience in designing and deploying dashboards for finance units at IHS Towers. The focus is on tracking performance indicators across subsidiaries, enhancing visibility into financial health, and facilitating data-driven decision-making. Real-time dashboards enable organizations to monitor critical financial metrics, such as revenue, operating margins, cash flow, and capital expenditures, in a consolidated, easily digestible format. By integrating financial data from various subsidiaries, dashboards provide an immediate, comprehensive view of the organization’s overall performance, allowing for proactive management. This also examines the customization of dashboards to meet the unique needs of different subsidiaries, considering factors such as regional financial reporting standards, currencies, and operational goals. Furthermore, this study highlights the strategic benefits of real-time dashboards, including improved transparency, faster decision-making, and enhanced alignment with corporate objectives. Dashboards allow executives and finance teams to identify trends, risks, and opportunities across regions in real-time, enabling timely adjustments to business strategies. This concludes by discussing the challenges and solutions in implementing real-time dashboards, such as data standardization, system integration, and user adoption, and looks toward future advancements in dashboard technology, such as AI-driven predictive analytics and cloud-based platforms.
Keywords
Leveraging, Real-time, Dashboards for Strategic KPI Tracking in Multinational Finance Operations
Citations
IRE Journals:
Benedict Ifechukwude Ashiedu , Ejielo Ogbuefi , Uloma Stella Nwabekee , Jeffrey Chidera Ogeawuchi , Abraham Ayodeji Abayomi
"Leveraging Real-Time Dashboards for Strategic KPI Tracking in Multinational Finance Operations" Iconic Research And Engineering Journals Volume 4 Issue 8 2021 Page 189-205
IEEE:
Benedict Ifechukwude Ashiedu , Ejielo Ogbuefi , Uloma Stella Nwabekee , Jeffrey Chidera Ogeawuchi , Abraham Ayodeji Abayomi
"Leveraging Real-Time Dashboards for Strategic KPI Tracking in Multinational Finance Operations" Iconic Research And Engineering Journals, 4(8)
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