Year in review

A Year in Review provides a comprehensive overview of all paid transactions over the last year, presented as a heatmap. This visual representation helps you understand transaction trends and seasonal patterns, giving you valuable insights into your business’s performance.

What is a Year in Review?

A Year in Review is a heatmap that displays all paid transactions over the past year, broken down by day. In this heatmap, darker colors indicate higher transaction volumes, allowing you to quickly identify periods of high and low activity.

Why is a Year in Review important?

A Year in Review is important because it provides a clear and comprehensive view of your business’s transaction activity over the entire year. Here’s why this metric matters:

Trend identification: The heatmap helps you identify trends and patterns in transaction volume throughout the year.
Seasonal insights: Understanding seasonal fluctuations can help you plan marketing campaigns and manage inventory effectively.
Performance analysis: Reviewing a year’s worth of data allows you to assess the overall performance and growth of your business.
Strategic planning: Insights from the heatmap can inform your strategic decisions, helping you capitalize on high-activity periods and address low-activity times.

How to interpret a Year in Review heatmap

Darker colors: Indicate days with higher transaction volumes. Focus on these periods to understand what drove the increase in activity.
Lighter colors: Indicate days with lower transaction volumes. Investigate these periods to identify potential issues or opportunities for improvement.
Consistent patterns: Look for consistent high or low periods to identify regular trends and seasonal behaviors.
Outliers: Identify days that deviate significantly from the norm to investigate unusual spikes or drops in activity.

Actions you can take with Year in Review insights

Optimize marketing efforts: Use high-activity periods identified in the heatmap to plan targeted marketing campaigns and promotions.
Improve resource allocation: Allocate resources more effectively during peak periods to manage increased demand and ensure customer satisfaction.
Address low-activity periods: Develop strategies to boost transactions during traditionally slow periods, such as special promotions or discounts.
Enhance inventory management: Use insights from the heatmap to manage inventory levels, ensuring you have sufficient stock during high-demand periods.
Monitor long-term trends: Regularly review the heatmap to track long-term trends and adjust your business strategies accordingly.

By understanding and regularly monitoring your Year in Review heatmap, you can gain valuable insights into your business’s transaction patterns and performance. This metric helps you make informed decisions that drive growth, improve operational efficiency, and ensure long-term success for your business.