How to Make Informed Financial Decisions

Do you receive your financial statements well after the end of the financial year? Then this area is for you. Use the articles below to create your performance dashboard.

Release the Hidden Information in Your Reports

Measure and monitor your business performance with the tools here. There is an enormous amount of information hidden in your accounting reports. Continue reading to learn about this. 

Selecting Next Diagnostic Step

Learn to use the 12Faces Diagnostic Process to best advantage, click More Info.


Choices For Your Performance DashBoard

Why Monitor a Performance DashBoard?

Monitoring trends in your business will alert you to problems before they become critical. So, use analysis tools to monitor and measure things such as cash flow; pricing; labour productivity; return on investment. The options are enormous and can be precis for your attention. Finally, a performance dashboard will allow you to see results quickly.

Performance DashBoard: Financial Ratio Analysis

Analyse the information contained in your Balance Sheet and Profit & Loss Reports. By doing this you will unearth information like cash flow, which is the lifeblood of any business. Take the stress away and have funds to pay bills when they are due. Even, pay yourself a wage. Click here to find out other options.

Performance DashBoard: Tools and Analytics

What are the tools that can be used? This link will take you to articles within 12Faces that focus on business analysis. In addition, learn about the various Boards – TrendBoard; ChangeBoard. The results from these will feed onto your Performance DashBoard. Also, learn about sensitivity analysis. Act now to unearth this crucial information. 

Tool: TrendBoard

Find the extra information hidden in your Profit & Loss and Balance Sheet reports. Properly interpreted, these reports will unleash valuable information about the sustainability of your business. These are an example of what you will find: could my business fail over the next 12 months; what is ruining my cash flow; how much will I get if I sell my business right now. Click here to see an example of a TrendBoard screenshot.

Tool: ChangeBoard

ChangeBoard is a Sensitivity Analysis tool. Are you thinking of increasing prices? Then undertake this with some surety instead of flying blind. For example, a survey of 1,000 firms in Europe showed that an average of 11% increase in Profit was achieved by a 1% increase in Price. Additionally, ChangeBoard can predict changes in staffing; Profit; Cash Flow and Working Capital. Click here to find out more about Sensitivity Analysis and ChangeBoard.

How to use our Diagnostics

Click on relevant links above to drill down and find possible solutions to your current issue.

Know of other Diagnoses and Solutions?

Please let us know of other possibilities by emailing us with an outline.  We will update our resources so you will be helping those who follow you.

Find business problem solutions with other Diagnostic Tools

Business Symptoms of Unknown Cause

The reasons behind the problems concerning you may not be clear cut.  This Tool helps to narrow down the underlying reason for your problem and sets you on the path to solutions.

How to Increase Business Revenue

Investigate Sales, Marketing, Pricing, Customer Retention, Product Range, Distribution Systems symptoms and then eliminate inefficiencies to increase Revenue

See how to Reduce Operating Costs

Reduce Cost of Goods Sold, Production Costs and Operating Costs by improving productivity as discovered by Henry Ford and later improved by Toyota.

Ways to Reduce Overhead Costs

Overhead Costs or Fixed Costs like rent, permanent labour and other costs that do not fluctuate with your day-to-day production levels directly impact on your Operating Profit

Issues with Business Information Systems

Finance, accounting, IT and legals are information systems a business needs. Find solutions to common issues here.

Managing Staff and Your own Productivty

Managing staff and your own productivity are critical issues because people make your business work. Learn more on problem resolution

Business Planning and Business Decision Making Techniques

Planning need not be complex.  We show simple solutions with proven effectiveness.  Along the way, we introduce some decision making tools to simplify hard decisions.

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