The Visual Language of Finance
Take complexity out and put simple in
We are dedicated to demystifying finance and put it to work — through The Visual Language of Finance®
Due to the lack of financial acumen, the financial information available doesn’t provide full value to non-financial people (e.g., Sales, Sourcing, Managers, & Leaders). That means that many critical business decisions are taken based on incomplete information, which could result in missing valuable opportunities or even worse, hurt the organization.
Cognitive research shows that visualization makes the uptake of new skills easier, faster and more consisting. Basically, it goes back to the way that our brains are wired, why a picture tells more than a thousand words (or numbers). The visual approach opens the subject of finance to all, not only to the number crunchers.
Learning has to be engaging and fun. If your day of learning ends up in a headache, you completely missed the mark. Gamification is a sure way to make people learn with a smile. We use tangible business games, as a part of the learning experience, to get a chance to learn from own experience, success and failure.
If you’re looking for a traditional lecturer to tell you all about finance, you're probably not looking for us. We believe in interactivity and experiencing finance yourself, rather than listen to someone just talking. Regardless of the distribution channel, the Bonanza learning experience is interactive, simple and fun.
All companies produce large amounts of financial reports that are intended to serve as support and governing documents in the business. By applying The Visual Language of Finance®, Bonanza helps to make the documents understandable to all employees in the company.
Take a few minutes and watch the movie next door and you will understand what we mean ...
Financial perspectives: Internal and external
The internal perspective
- Engage your organization in the numbers.
Commitment and Finance are two words you rarely hear in the same sentence. Probably you yourself have at some point participated in a financial draw that completely missed the mark. Our promise to you and your organization is "A new view of finance". But what does it really mean?
All businesses consist of people, and it is the employees' actions that determine how the business runs. The right people who do the right things, deliver the right numbers. But to be able to do the right things, they need to understand how they can affect the results of the business. This is often where the problems begin.
The financial reports are often prepared by and for economists. For non-economists (which often includes the operations managers of a business), these reports are almost incomprehensible - and as a result, they miss the mark. Problems arise when the reports are no longer seen as central tools but as an administrative burden that disturbs the daily work.
The better, this is pretty easy to change. The Visual Language Of Finance® challenges the traditional way of communicating economics. It is an approach and a graphical interface that makes it possible for all people in a business to understand how everything is connected. Applying this method frees up resources and capacity, whether it is for commercial activities or government administration. To make this possible, you must be prepared to challenge traditional methods and solutions, dare to simplify and - not least - think differently.
The external perspective
- Create confidence in financial communication.
There are several situations when financial self-confidence is a must. Here are some examples:
Sellers must always feel secure in discussing the economic value of the solutions or products they sell. When salespeople are able to lift the discussion from the individual products and instead focus on the value they contribute, interest in the product increases. Extending the conversation to include the financial effect is therefore a key to reaching a conclusion more quickly.
Buyers must ensure that the price and conditions correspond to the need. They must also make sure that the supplier is able to fulfill its commitment, as a break in the supply chain can damage production for a long time to come. Understanding the supplier's business and financial situation is necessary to be able to identify risks and challenges.
Financial advisors in banking and accounting are constantly looking for new ways to get closer to their customers. For a banker, this means that the role of advisor becomes central. Being able to clearly show and communicate added value means that you do not have to discuss prices and discounts.