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Introducing Hive's New Dashboards: Financial Overview and Margins and Profitability
Introducing Hive's New Dashboards: Financial Overview and Margins and Profitability
Written by Madalynn Morningstar
Updated over a week ago

We're thrilled to introduce two dynamic dashboards to Hive: Financial Overview and Margins and Profitability. These powerful additions provide valuable insights into your financial data, empowering you to make informed decisions and optimize your business operations. Let's delve into the key features of each dashboard:

Financial Overview Dashboard

The Financial Overview dashboard consolidates actual and estimated data from various time sources, including time-tracking, timesheets, and resourcing. This comprehensive view enables you to gain a holistic understanding of your financial performance. Here's what you'll find on this dashboard:

Utilize the Data Source filter on the right panel to select specific data sources for inclusion or exclusion, tailoring the dashboard to your specific needs.

Widgets: The Financial Overview dashboard comprises nine widgets, each providing essential indicators and visualizations, such as:

  • Actual Hours

  • Estimated Hours

  • Actual Billed Amount

  • Estimated Billed Amount

  • Actual Labor Cost

  • Estimated Labor Cost

  • Other Costs Breakdown (half-ring chart displaying percentages)

  • Billed Amount and Labor Costs Bar Chart (option to view by projects, teams, or users)

  • Combined View Line Graphs (actual and estimated billed amounts)

These widgets offer a comprehensive snapshot of your financial metrics, allowing you to track actual and estimated values over time. The bar chart and line graphs enable you to analyze billed amounts, labor costs, and identify trends for better financial planning.

Margins and Profitability Dashboard

The Margins and Profitability dashboard focuses on analyzing your margins and overall profitability, providing insights into the financial health of your projects. This dashboard equips you with the tools to understand project profitability and make data-driven decisions. Here's what you'll find on this dashboard:

Widgets: The Margins and Profitability dashboard includes six widgets designed to analyze your financial metrics and profitability, such as:

  • Billed Amount and Labor Costs Indicators with micro-line graphs, displaying overall trends.

  • Margin Indicator with a micro-line graph, showcasing the margin trend over time with conditional formatting so that it appears green for positive margins and red for negative margins.

  • Hybrid Bar Chart / Line Graph showing project margins as bars and profitability as a line, offering a visual comparison.

  • Margin and Profitability Summary Pivot Table, presenting project details including billed amount, labor costs, other costs, margin, and profitability.

  • Overall Profitability Indicator, giving you an at-a-glance view of your overall profitability.

These widgets empower you to assess project margins, profitability, and identify areas of improvement for better financial outcomes.

With Hive's Financial Overview and Margins and Profitability dashboards, you have robust tools at your disposal to monitor your financial performance, track trends, and optimize your operations. We're excited to bring you these new features and look forward to supporting your success.

Should you have any questions or require further assistance, please don't hesitate to reach out to our dedicated support team. Happy analyzing!

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