How to use the Financial KPIs chart in VOGSY

The Financial KPIs chart in VOGSY is a vital tool for monitoring your business's key financial performance indicators. By offering a centralized, visual overview of your key financial indicators, you can monitor progress toward strategic goals and make more informed, data-driven decisions.

You can configure multiple Financial KPI charts, each displaying different metrics tailored to your business needs.

The chart provides a bullet graph to visualize key financial performance indicators (KPIs) crucial for your business. The chart shows the target budget and monthly realization for each KPI. This setup allows you to:

• Track Performance Against Targets: Immediately see whether KPIs are on track, underperforming, or exceeding expectations.

• Monitor Trends: Observe the movement of key financial metrics over time to identify patterns and understand performance trajectories.

You can define your own KPIs, but common examples include:

• Revenue

• Costs

• Profitability (e.g., Gross Profit, Operating Profit)

• Key financial ratios

The chart is a bullet graph that allows you to define qualitative performance ranges (e.g., poor, satisfactory, good).

The Financial KPIs chart in VOGSY offers filtering capabilities to focus your analysis:  

• Filter by Company/Department: You can filter the data displayed in the chart to view financial KPIs for a specific company or department within your organization. This is particularly useful for analyzing the performance of different business units.

• YTD (Year-to-date)

  This option shows all data cumulated up until the last month of the year.

• YOY (Year-over-year)  

  Compare the current year’s (cumulative) data with the previous year’s results. A percentage difference is shown to help track year-over-year growth or decline.

By regularly reviewing and analyzing the Financial KPIs chart, you can:

• Gain quick insights into your company's or specific departments' overall financial health and performance.

• Identify areas where financial performance is strong or requires attention.

• Support financial planning and forecasting by understanding historical trends and current realization rates.  

• Facilitate discussions and decision-making related to financial strategy and operational adjustments.  

Ensure that your financial data in VOGSY, including budgets and actuals, is accurately and consistently updated to make the most of the Financial KPIs chart.