In a data-driven world, information is the most valuable commodity. However, if information is not presented in the correct fashion or to the correct audience, it will have little value. It can be very challenging to source the information you need to do a good job. Excel dashboards templates have become valuable assets to help you easily summarize information.

What is an Excel dashboard?

Excel dashboard templates give you a quick view of performance indicators in one place. Using an Excel dashboard as a tool for business gives you a high-level view of your company’s work, assisting you in making quick decisions based on data. There are several templates for dashboard reports, including:

Strategic Dashboards

Dashboards can be used to help you make decisions and take action with strategies. You can track performance related to key indicators to help you understand them better.

Analytic Dashboards

These dashboards help you compare past data so you can easily identify spikes, drops, and trends. Analytic dashboards are good for interactive use, because they involve lots of drill-downs and pivot tables.

Operational Dashboards

These dashboards provide daily metrics to enable investors to get a quick view of their company’s day-to-day performance.

KPI Dashboards

Excel dashboards Benefits

Excel dashboard templates are a type of information management tool that you can use to monitor, analyze, and display data.

◉ Key Performance Indications or KPIs
◉ Key data points are measured to monitor the health of your business, its departments, or a certain process.

A performance dashboard Excel is a single-page summary of analysis, containing an overview of your system. Documents containing KPI data are easy to read, and Excel offers a way to monitor and assess KPIs, making it easier for businesses to analyze operations and identify inefficiencies.

You will respond faster to opportunities and issues. Some benefits of using this tool are:

They are highly customizable

You can customize your dashboard according to your expectations and the users who will be using it. It is possible to customize each decision level dashboard that you create to present the most valuable information. By working together cooperatively, your team will be able to see the level of detail needed to get the job done and meet your goals.

It’s comprehensive

In the past, managers had to spend a lot of time reviewing and analyzing reports before coming to a final decision or conclusion. The dashboard provides an at-a-glance summary of the information you need.

It provides a lot of details

Dashboards do not mean the absence of details. These tools provide access to a variety of information, including details, when needed.

Intuitive presentation of data

Dashboard users don’t need extensive training because they’re easy to understand. The graphic design allows you to move easily through the document.

Fulfillment Dashboards

Preparing to make an Excel dashboard

When you think about the data visualizations you can create with a custom Excel dashboard template, you will be eager to get started. Before you start creating your dashboard report template, consider these preparatory steps:

Learn to import data into Excel.

To create a sales or project management dashboard template, you must first understand how to import your data into Excel. There are several ways to do this, depending on where your data currently is: you may want to ask your IT department about multiple options for importing new data.

Clean up your data

You need to give each piece of information its own cell in your Excel spreadsheet to ensure accuracy and proper formatting. If your existing Excel spreadsheet is in a mess, the first step should be to clean it up. Organizing the information into appropriate columns and rows will ensure the data is easy to read. Once you have analyzed the data, check it for any mistakes. You should also be searching for and deleting duplicated information while you check your work.

Understand the requirements you need

Once you become familiar with Excel dashboards, you will notice the many options available. You need to make it clear why you’re creating first dashboard, making it easier to choose which option is right for you. By considering your reasons for creating a dashboard, you can design a dashboard that will meet your needs precisely.

Project Management Dashboard Templates to Monitor and Manage Projects

Creating a dashboard in Excel

All Excel dashboard templates include elements like tables, charts, gauges, and figures to help you present your data. A dashboard report template can accommodate any type of data from various sources and markets. The information in these documents can be used for financial, marketing, or other projects.

It is best to use a KPI dashboard Excel for large volumes of data, since it can be more difficult to deal with large amounts of data when time is an issue. You can create a dashboard either by creating your own from scratch or by using a template.

Brainstorm ways to highlight the primary purpose of your dashboard

Before creating a dashboard, you should first brainstorm the type of information you want to include. When creating a business dashboard, it can be helpful to come up with a clear strategy for how you want the dashboard to be used. Once you decide what your main purpose is, you can create strategies to accomplish this purpose.

Identify the best source of data

The next step after deciding your purpose is to select the best sources of data for your dashboard. Data will be the primary element of your dashboard, guiding the selection of other components to be added.

The intended purpose of a dashboard determines to a large extent its content and appearance. When creating a dashboard, make sure that it only includes the data relevant to your specific decision-making needs. The presentation of the material, as well as its content, depends on the audience being reached.

Design your dashboard

As you brainstorm ideas, create an outline of the relevant elements that you plan to include in its design. You can choose between building a template from scratch or using a pre-built template to save resources and time when designing your website. Dashboard templates can include static tables, pivot tables, auto-shape objects, dynamic charts, other non-chart widgets, and gauge widgets. The size of each item and the space around it can influence your dashboard’s readability and appearance.