Integrating Tableau Dashboard in Finance Industry

As organizations shift their data and systems to the cloud, finance departments often rapidly experience the effects of this digital transformation. Thus, the adoption of business intelligence (BI) tools in the financial services industry have skyrocketed in recent years. BI tools enable modern businesses to envision their data in the shape of dashboards to gain rich insights that increase profitability and lower cost.
There are 5 main steps to implement Tableau dashboards for financial reporting.
Validate data in transition to the cloud
The first step to building highly formatted dashboards for financial reporting is to validate the financial and accounting data in transition to the cloud. So, before you begin implementing the Tableau dashboard, you need to ensure data completeness. You can also validate the values of every column in each table. For critical tables, you can compare primary keys. It is also advisable to tie out the balance sheet and the income statement. Validating the financial data will also help you to bring in accuracy, reliability, and credibility.
Create financial workbooks
The second step is to break up your financial data into fragments and create individual workbooks for each fragment. With these workbooks, you can work with a huge amount of datasets across different dashboards within financial workbooks. It is crucial to give each workbook an appropriate title as you may have an abundance of workbooks. For instance, a financial workbook can include dashboards for:

Invoiced sales by customer
Invoiced sales by brand
Profit and loss
Advertising and promotional summary
ales and gross profit margin by locations
General and administrative summary