Dashboard reports: Let real-time data drive lending decisions
Abstract: Unearthing trends and early warning signals of financial distress from financial statements alone is challenging. Dashboard reports simplify the due diligence process by providing a one- or two-page summary of key performance metrics in a concise, visual format. As this article explains, these reports use customized ratios and graphs to tell the story behind the financial statements. They can’t replace a comprehensive year end review of a borrower’s financial statements and footnote disclosures, but they can be useful diagnostic tools for borrowers and lenders throughout the year.