Assignment: Business Intelligence: Financial Reporting & Metrics
Context for Assignment
For this week's assignment, you will be looking at the financial health of your organization, bench-marking it to industry standards regarding 12 key financial metrics and then creating KPI's, balanced scorecard indicators and targets and looking at dashboard reporting that can visually show results on a daily, weekly, monthly basis.
Eyad : Industry, Financial services, Organization: Any Investment or commercial bank (I prefer a US based company and especially Fidelity Investments)
Task Description
Go to the following website: https://thebusinessferret.com/key-financial-metrics/. After reviewing the 12 key financial metrics for a business, document which one of the twelve that your organization is already utilizing. And discuss how successful your organization is within these financial areas.
Eyad: Use of debit financing, Real Revenue Growth, Sustainable revenue growth, pricing policy and pricing index are all applied to Fidelity Investments
Calculate those metrics that your organization is not currently using and discuss why tracking these metrics are important to your business' continued financial success.
Eyad: Net Trade Capital, excess Cash, are not used by Fidelity
After researching KPI's that are standard for your industry, discuss which other Key Performance Indicators (KPI's) could apply to your organization and why.
Eyad: List 1-2 KPIs the relevant to financial services industry
After researching the Balanced Scorecard method for tracking performance, discuss which metrics/indicators should be included within a Balanced Scorecard approach, including creating objectives, indicators and targets for each one within the scorecard model. If your organization already utilized a balanced scorecard, then discuss how you would change and/or enhance these indicators and targets within the scorecard.
Eyad: you can mention that Fidelity doesn't use scorecards and you are free to mention all possible and preferred metrics and indicators that are used in financial services industry
If your organization already has some type of dashboard within a BI system, then discuss (with research statistics to validate your decisions) your recommendations to update/change the results that are tracked and shown on the dashboard and reasons why. Otherwise, make recommendations for the look of a new dashboard with specific recommendations for types of metrics that would be displayed and why you are making those suggestions. Include the screen shots of the dashboards.
Eyad : Fidelity doesn't use Dashboard, you can use any exist good dashboard in the financial services industry, and use it as recommended one for Fidelity, you need to add a screen shot for this dashboard , if you couldn't find any screen shots, please mockup a dashboard.
Attachment:- Assignment File.rar