Use Cases

Horus and Highcharts: Democratizing Data

by

Nancy Dillon

3 minutes read

Horus is a Norwegian-based company that develops and distributes cloud-native financial forecasting tools for small and medium-sized enterprises (SMEs).

They provide tools for rapid cash flow forecasting, insightful reporting, and practical financial insights, and their platform features automated budget creation, scenario and variance analysis, and easy sharing of financial data.

To help their tools deliver actionable insights, Horus relies on Highcharts Dashboards with its robust out-of-the-box features and pre-built components..

Read on to discover why Horus chose Highcharts Dashboards and how it has contributed to the success of their project.

“Our vision is that absolutely all organizations should easily be able to see the economic implications of their decisions.”

SMEs often lack sufficient insight into their financial future due to the overly-complex and static nature of traditional financial models such as spreadsheets and financial statements.

These models often rely on dense historical data and complex formulas to predict future financial performance and can be very time-consuming to produce.

Plus, if your business doesn’t have a team of dedicated financial analysts working 24/7 to interpret this barrage of data, the likelihood of gaining actionable insights in time to benefit from them is low.

Seeing a clear need to provide SMEs with a better way to gain financial insights, Horus set out to develop enhanced tools that simplify data analysis and make it easier for everyone to grasp the state of a company’s financial health.

“Good data visualization contributes to the democratization of economic insight.”

From the start, Horus recognized the crucial role data visualization plays in making complex data understandable and actionable. “Charts work far better than traditional budget reports,” especially if they are intuitive and communicate a story that does not require additional explanation.

For their charting needs, Horus originally opted for an open source data visualization library that easily integrated with React and offered enough functionality to complete the MVP (minimal viable product) phase of their project.

With their MVP in the market, Horus realized that expanding their service would require features and configuration options beyond what the open source library could afford. “We had more and more need for customization and more fancy/unusual charts.”

With its extensive API full of working cut-and-paste code samples and robust out-of-the-box features such as built-in data synchronization and end-user edit mode, Highcharts Dashboards fit Horus’ needs perfectly.

“Highcharts’ intuitive and dynamic graphs are crucial to convey economic insights to our customers.”

When Horus integrated Highcharts Dashboards into their toolkit, they recognized how it elevated their existing dashboard solution, providing their customers with new-found insights.

And with the ability to share a dashboard via a password-protected link, Horus makes it possible for executive teams, board members and potential investors to be on the same page regarding budget performance and profitability, leading to more informed business decisions and investment choices.

“Our experience with Highcharts has been uplifting and valuable.”

By leveraging Highcharts Dashboards, Horus not only creates more value for their customers but also saves their own small team precious development time.

And with Highcharts’ expert support team, clear API and a wide range of exciting charts, Horus finds it “very easy… to recommend [Highcharts] to others who have data visualization needs.