Power BI for Finance is a tailored solution offered by Cloubis, designed to provide comprehensive insights into financial data using Microsoft’s Power BI platform. It enables finance professionals to visualize, analyze, and interpret financial data effectively, facilitating informed decision-making.

Using the combination of both Excel and Power BI it allows accountants, controllers and financial managers to leverage the flexibility of Excel whilst combining it with the advantages of Power BI.

Our solution makes it easy to setup and maintain a P&L in Power BI and allows you to easily switch between different accounting structures.

Power BI for Finance offers dynamic dashboards, reports, and visualizations that provide real-time insights into financial metrics such as revenue, expenses, profit margins, cash flow, budgeting, and forecasting. It integrates data from multiple sources, including accounting software, ERP systems, spreadsheets, and cloud services, enabling users to consolidate and analyze financial data easily.

It integrates seamlessly with accounting and ERP software like Exact Online, D365 F&O, D365 BC, Yuki, AFAS, Salesforce, SAP and others.

Companies should use Power BI for Finance for several reasons:

• Rapid Decision Making: Power BI enables companies to access and analyze financial data quickly, allowing for informed and timely decision-making. With real-time dashboards and interactive reports, stakeholders can gain insights into financial performance instantly.
• Free Up Time: By automating data collection, processing, and reporting tasks, Power BI frees up time for finance professionals to focus on analysis and strategic initiatives. This efficiency allows teams to be more productive and proactive in addressing business challenges.
• Compare Forecasting: Power BI provides the ability to compare multiple forecasting scenarios simultaneously, allowing finance teams to assess the potential impact of different assumptions or variables on financial projections. This feature enhances forecasting accuracy and supports better planning decisions.
• Improve Planning: With Power BI, companies can streamline the planning process by centralizing financial data and creating dynamic planning models. By leveraging historical information and predictive analytics, organizations can develop more accurate and actionable plans to achieve their financial goals.
• Excel Friendly: Power BI seamlessly integrates with Excel, allowing users to leverage familiar tools and workflows while benefiting from advanced analytics capabilities. This Excel-friendly approach makes it easier for finance professionals to adopt and utilize Power BI, minimizing training time and maximizing productivity.

Power BI for Finance streamlines financial reporting processes, enhances data visibility, and improves decision-making by providing actionable insights into financial performance. It empowers finance teams to identify trends, forecast future financial scenarios, and mitigate risks effectively.

Our solution makes it easy to setup and maintain a P&L in Power BI and allows you to easily switch between different accounting structures.