Insurance: 7 reasons to have dashboards and reports

You get an overview of your business

THE dashboard is above all a way to consult the key indicators (KPI) of your company in the blink of an eye: you get a global vision of your activity.

Thanks to a pleasant and intuitive presentation, the dataviz Also facilitates the interpretation of data. Starting from a multitude of raw data, particularly complex to process, a data visualization tool is capable of providing clear and precise information to measure your daily performance.

Ultimately, the Business Intelligence Allows managers and managers to know their company on their fingertips. They can thus find suitable answers to deal with the challenges and questions they encounter.

You have reliable data in real time

With a Visualization data toolyou have permanently updated data, available at any time and on any medium: computer, smartphone, tablet … The set of data is centralized and structured, then dashboards that can be easily analyzed.

A real revolution for reporting: no need to wait at length to generate reports that may not even be even topical when they are published. There dataviz is therefore a guarantee of serenity in the daily management of an insurance company, because the coolest information is always at hand.

You customize your dashboards as you wish

A dashboard has the advantage of being fully customizable depending on the type of user: general management, agency director, account manager, etc. Indeed, it is possible to select only Information and KPI The most relevant for each profile, which greatly simplifies the analysis and exploration of data.

But it can also be represented in multiple forms, in order to facilitate reading and understanding data depending on the context, whether it is a simple table or a graphic representation : circular diagram, curve, graphics in bars, etc. A visualization data solution therefore offers a level of personalization much higher than that of the traditional Excel calculation sheet.

You strengthen communication and team collaboration

Thanks to dashboardsthe transmission of essential data between employees becomes much more fluid. Everyone has access to the same level of information (depending on their position or their hierarchical level), which allows employees to converge on the strategic objectives of the company.

In addition, a Visualization data tool allows you to strengthen team cohesion. Indeed, the sharing of relevant information and analyzes only increase the involvement of employees, while stimulating collaborative work, which can give rise to innovative ideas.

There dataviz is also a lever to enhance the performance of your teams. Reporting identifies the efforts provided and the initiatives that have borne fruit. A highlight that will only encourage employees to invest more.

You increase your efficiency and responsiveness

There Business Intelligence Allows you to carry out continuous monitoring of your activity, in a logic of permanent improvement. By defining relevant KPIs, you can quickly identify the points that require your attention, then put in place corrective measurements.

These key performance indicators can take multiple forms:

• Human resources: payroll, age pyramid, turnover rate, absenteeism rate, absences, etc.
• Commercial : Sale evolution, transformation rate, development of turnover and margins, number of quotes or commercial proposals …
• Financial : Monitoring of cash, working capital, working fund need, intermediate management sales …

You make better decisions

THE Big data constitutes an unparalleled source of information to guide the strategic choices of your business. Indeed, the exploitation of this real gold mine makes it possible to take Data -based decisionsand not on simple intuitions.

A Data solution visualization Can also be connected to the various business software, to obtain an even finer analysis in all areas: accounting, sales, marketing, human resources … Enough to adjust your strategy in a relevant way, thanks to a more enlightened decision.

You better anticipate the future

One of the big Big data issues consists in using data to better anticipate the future. Thus, understanding current trends is only the beginning: to make the best decisions, you must be able to predict their impact in the more or less close future.

Statistical data analysis Past, current and future allows you to define relevant strategic objectives, but also to detect new opportunities proactively. With a data visualization tool, you can make reliable forecasts that will allow you to approach the future with serenity.