Financial Dashboard
Financial Dashboard
A platform for Financial Dashboard/Metrics for internal resources and employees working at a company in the Healthcare & Pharmaceutical Industry.
A platform for Financial Dashboard/Metrics for internal resources and employees working at a company in the Healthcare & Pharmaceutical Industry.
Problem statement
Problem statement
Lack of centralized financial data: Internal teams and employees face difficulties in accessing real-time, consolidated financial data from multiple sources.
Lack of centralized financial data: Internal teams and employees face difficulties in accessing real-time, consolidated financial data from multiple sources.
Limited financial insights: Employees lack access to comprehensive, actionable insights related to budget tracking, forecasts, and performance indicators.
Limited financial insights: Employees lack access to comprehensive, actionable insights related to budget tracking, forecasts, and performance indicators.
Siloed financial information: Data is scattered across departments, creating inefficiencies in collaboration and making it harder to derive a holistic view of the organization’s financial health.
Siloed financial information: Data is scattered across departments, creating inefficiencies in collaboration and making it harder to derive a holistic view of the organization’s financial health.
Need for real-time reporting: Existing tools may not provide real-time updates or visualizations, making it challenging for internal resources to stay on top of financial performance.
Need for real-time reporting: Existing tools may not provide real-time updates or visualizations, making it challenging for internal resources to stay on top of financial performance.
Opportunity for operational improvement: Lack of visibility into financial metrics leads to missed opportunities for cost optimization and resource allocation improvements.
Opportunity for operational improvement: Lack of visibility into financial metrics leads to missed opportunities for cost optimization and resource allocation improvements.
End Goal - Potential Solutions
End Goal - Potential Solutions
Centralized financial data hub: The platform consolidates data from various sources, providing a single, unified view of key financial metrics, ensuring all internal teams have access to up-to-date information.
Centralized financial data hub: The platform consolidates data from various sources, providing a single, unified view of key financial metrics, ensuring all internal teams have access to up-to-date information.
Real-time access to financial insights: Employees can access real-time data, enabling quicker decision-making and better responsiveness to financial trends and changes.
Real-time access to financial insights: Employees can access real-time data, enabling quicker decision-making and better responsiveness to financial trends and changes.
Comprehensive and customizable reporting: The dashboard offers customizable reports and visualizations, allowing users to monitor important metrics such as budgets, forecasts, expenses, and performance indicators.
Comprehensive and customizable reporting: The dashboard offers customizable reports and visualizations, allowing users to monitor important metrics such as budgets, forecasts, expenses, and performance indicators.
Enhanced collaboration and transparency: The platform facilitates cross-departmental collaboration by offering shared access to critical financial data, improving transparency and alignment across teams.
Enhanced collaboration and transparency: The platform facilitates cross-departmental collaboration by offering shared access to critical financial data, improving transparency and alignment across teams.
Interactive and user-friendly interface: Designed for ease of use, the dashboard provides an intuitive interface with interactive tools for drilling down into specific financial data and generating actionable insights.
Interactive and user-friendly interface: Designed for ease of use, the dashboard provides an intuitive interface with interactive tools for drilling down into specific financial data and generating actionable insights.
Advanced financial analytics and forecasting: By incorporating predictive analytics and historical data, the platform helps users identify trends, forecast future financial performance, and make data-driven decisions.
Advanced financial analytics and forecasting: By incorporating predictive analytics and historical data, the platform helps users identify trends, forecast future financial performance, and make data-driven decisions.
Automated alerts and notifications: The system sends automated alerts for key financial events, such as budget overruns or changes in financial performance, ensuring timely responses to critical issues.
Automated alerts and notifications: The system sends automated alerts for key financial events, such as budget overruns or changes in financial performance, ensuring timely responses to critical issues.
Scalable and flexible: The platform can easily scale to accommodate changing business needs, adding new data sources or metrics as the company grows.
Scalable and flexible: The platform can easily scale to accommodate changing business needs, adding new data sources or metrics as the company grows.
Challenges in the project
Challenges in the project
Data Integration from Multiple Sources: Integrating data from disparate systems (e.g., accounting software, CRM, ERP, Excel) was challenging, requiring a seamless connection to various databases and tools while ensuring data consistency and accuracy.
Data Integration from Multiple Sources: Integrating data from disparate systems (e.g., accounting software, CRM, ERP, Excel) was challenging, requiring a seamless connection to various databases and tools while ensuring data consistency and accuracy.
No Existing Design System: The absence of a pre-established design system meant that the design team had to create visual components and UI patterns from scratch, resulting in additional time and effort spent on standardization and consistency.
No Existing Design System: The absence of a pre-established design system meant that the design team had to create visual components and UI patterns from scratch, resulting in additional time and effort spent on standardization and consistency.
Tight Deadlines: The project had strict time constraints, requiring rapid prototyping and design iteration to meet internal deadlines, which sometimes limited the time for thorough user research and testing.
Tight Deadlines: The project had strict time constraints, requiring rapid prototyping and design iteration to meet internal deadlines, which sometimes limited the time for thorough user research and testing.
Establishing Design Standards Midway: Without an existing design system, the team had to define basic design principles and UI elements (such as color schemes, typography, buttons, and icons) as the project progressed, which sometimes led to rework and design inconsistencies in early prototypes.
Establishing Design Standards Midway: Without an existing design system, the team had to define basic design principles and UI elements (such as color schemes, typography, buttons, and icons) as the project progressed, which sometimes led to rework and design inconsistencies in early prototypes.
Handling Large Volumes of Data: Ensuring the platform could handle large datasets without performance issues, especially when pulling real-time financial data, involved complex data processing and optimization.
Handling Large Volumes of Data: Ensuring the platform could handle large datasets without performance issues, especially when pulling real-time financial data, involved complex data processing and optimization.
User Experience (UX) Design for Diverse Users: Designing an interface that caters to a range of internal users (e.g., finance teams, managers, employees) with varying levels of financial expertise posed a challenge in creating a simple yet powerful user experience.
User Experience (UX) Design for Diverse Users: Designing an interface that caters to a range of internal users (e.g., finance teams, managers, employees) with varying levels of financial expertise posed a challenge in creating a simple yet powerful user experience.
Balancing Data Complexity with Simplicity: Striking the right balance between displaying detailed financial data and keeping the interface intuitive was difficult. It was essential to avoid overwhelming users while still providing comprehensive insights.
Balancing Data Complexity with Simplicity: Striking the right balance between displaying detailed financial data and keeping the interface intuitive was difficult. It was essential to avoid overwhelming users while still providing comprehensive insights.
Customization and Flexibility: Allowing users to personalize dashboards and reports to meet their specific needs without complicating the design or user flow was a challenge, especially for non-technical users.
Customization and Flexibility: Allowing users to personalize dashboards and reports to meet their specific needs without complicating the design or user flow was a challenge, especially for non-technical users.
Real-time Data Updates and Accuracy: Ensuring that the platform could refresh data in real time while maintaining accuracy and without delays required significant backend architecture and testing.
Real-time Data Updates and Accuracy: Ensuring that the platform could refresh data in real time while maintaining accuracy and without delays required significant backend architecture and testing.
Security and Data Privacy: Implementing robust security measures to protect sensitive financial information, while also providing appropriate levels of access and permissions for different roles, added complexity to the design and development.
Security and Data Privacy: Implementing robust security measures to protect sensitive financial information, while also providing appropriate levels of access and permissions for different roles, added complexity to the design and development.
Scalability for Future Growth: Designing the platform to scale with the company’s future growth and data expansion, ensuring it could accommodate new financial metrics, departments, and data sources without major redesigns.
Scalability for Future Growth: Designing the platform to scale with the company’s future growth and data expansion, ensuring it could accommodate new financial metrics, departments, and data sources without major redesigns.
Cross-Departmental Alignment: Gathering input and aligning expectations from different internal teams (finance, IT, HR, etc.) was challenging as each department had different priorities and needs for financial data visualization.
Cross-Departmental Alignment: Gathering input and aligning expectations from different internal teams (finance, IT, HR, etc.) was challenging as each department had different priorities and needs for financial data visualization.
Snippets of Wireframes
Snippets of Wireframes
Visual References
Some of the Design methodologies used
Some of the Design
methodologies used
Effective information presentation: Clear communication of key information to users
Effective information presentation: Clear communication of key information to users
Visual consistency: Using consistent visuals.
Visual consistency: Using consistent visuals.
Efficient interactions: Making the interactions with the dashboard efficient
Efficient interactions: Making the interactions with the dashboard efficient
Minimize cognitive load: Reducing the cognitive load on the user
Minimize cognitive load: Reducing the cognitive load on the user
Choose the right visualizations: Selection of chart types that align with the data
Choose the right visualizations: Selection of chart types that align with the data
Use the five-second rule: Intention of making the user take away at least one piece of relevant information within five seconds of viewing the viewport
Use the five-second rule: Intention of making the user take away at least one piece of relevant information within five seconds of viewing the viewport
Visual References
Light and Dark Theme Exploration
Light and Dark Theme Exploration
Snippets of Final Visual designs
Snippets of Final Visual designs
