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Post By Admin Last Updated At 2020-06-11
How Does Tableau Save the Time for Financial Analytics?

What is a most important thing in our life? Genius peoples answer is "Time". Yes, Time is a precious thing in everyone life so don't waste your time doing unwanted things. As well as What is the most important activity in every finance team? Somebody replied as peoples. OK, but organizations have right people, with the right jobs, with the right skills then the answer will be obviously "Time". Time is insufficient in organizations and every organization has the same problem. This blog explains How Does Tableau Save the Time for Financial Analytics?

I think people have an Idea on Tableau. It helps people to understand and see data and transfer without limiting visual analytics. They can share the work and make influence on their business. Around the world, small business companies more than 65,000 customers using Tableau to turn data into actionable insights. 300,000 people using Tableau public to send public data on their websites. Tableau makes analyzing the data very fastly and easily. It offers connectivity to any database and easy to learn, those are all the best reasons to use Tableau.

Automation and time saving achieved with Tableau

Tableau gives back the time for operation and finance teams. Some experienced people say that Tableau saves time for those who use reports to increase and understand Interaction. Is anyone is from accounting back ground or no problem if you don't have a scripting knowledge. you will success in Tableau. But Tableau performs a  different function. Tableau go-to solution for everyone.

How Does Tableau Save the Time for Financial Analytics?

By using Tableau in a day if we have 10 hours of work, then it will convert it to 8 hours. Most important I would like to highlight some critical functions of Tableau that benefits everyone to save same.

Live data connections

Everyone has one question running in their mind i.e., How can I connect live to company data? Tableau has a feature called data source connections. It does not require coding.  we have the right permissions (like in the given image). we can connect to many databases. Tableau provides reports to update in the real-time this can be possible with a live connection to our CRM. The below Tableau figure shows the selection of data source connection.How Does Tableau Save the Time for Financial Analytics


Tableau members ask the question how many of you really give reports manually in Excel monthly? The number of reports is not important; preferably, it's time invested in them doing formula building, data checking, data production and data preparation?

Tableau saves the time and it can perform all data updates. Tableau members has published several dashboards that divide into two types: compliance reporting and performance. If we want to up-date the data, it based on the hands of decision makers. According to the reports requirement, dashboard made and published with the support of Tableau self-service analytics. For this, we require minimum maintenance with automated filtering the analysis most applicable to your audience.

As an example Excel workbook updated in cloud:

Spontaneous update of every hour.

Provide users 24/7 report access by browsers.

Offer subscription then users automatically receive it daily.

Enable the filtering data by individuals.

Union joins and blending:

Once you have connected to a data source, all tables or sheets joined in the database. When we solve the framework of join or union. Tableau remembers you to the future use. In there is no need to update audit formula when columns or rows are added. The three functions are highlighted in the above. How Does Tableau Save the Time for Financial Analytics

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