How to use Tableau to make data driven decisions in Finance!

Let’s start by quickly explaining what is Tableau and some of its use cases for finance professionals.

Tableau is a powerful data visualization tool that can be used in corporate finance for a variety of purposes. Some common use cases include:

• Analyzing financial data, such as income statements and balance sheets, to identify trends and make informed business decisions
• Creating dashboards and reports to present financial data in an easy-to-understand format for internal stakeholders and external investors
• Building financial models to forecast future performance and assess the financial impact of different business scenarios
• Identifying key performance indicators (KPIs) and tracking them over time to measure the health of the business.

You can learn more about Tableau and get inspiration on uses cases for finance in this article.

Making data-driven decisions involves a process of using data and analysis to inform decision making, rather than relying solely on intuition or past experience.

Here are some steps that can be followed to make data-driven decisions:

1. Define the problem: Clearly define the problem or decision that needs to be made.