The blog article is the second entry in the series about using Corporate Performance Management (CPM) for digital transformation.
The blog article is the first part in using Corporate Performance Management (CPM) for digital transformation. Continue reading
This article is the second part in planning for a KPI design project.
A Key Performance Indicator (KPI) is a lot like a GPS navigation system. A GPS navigation device allows a driver or a passenger to be in charge when making decisions about where to steer next. KPIs are the navigational tools that the team will use to understand whether the business is on a successful journey or whether it’s veering off. As mentioned in the previous article, a KPI can help your company understand if your company is on the right track and if it’s not, it can help your company understand where to focus your attention. According to Klipfolio, a KPI is “a measureable value that demonstrates how effectively a company is achieving key business objectives.” Organizations use KPIs at many levels to assess their success at reaching targets. High-level KPIs focus on the overall performance of the organization whereas low-level KPIs zoom in on processes in departments. In this article, I will cover the last 5 steps in planning for a successful KPI design project for Microsoft Dynamics GP users based on the “Designing Metrics and Key Performance Indicators chapter” of Business Dashboards, a book published by John Wiley & Sons, Inc. Continue reading
This article is the first part in planning for a KPI design project.
A Key Performance Indicator (KPI) can help your company understand if your company is on the right track, and if it is not, it can help your company understand where to focus your attention. Love them or hate them, but KPIs might become the backbone of your business. A true definition of a KPI is a metric that is meant to be a measure that truly matters and that ideally can be acted on. KPIs are financial and non-financial metrics used to help a company define and measure their progress toward company goals. A metric can be the number of customers, the number of sales, or total revenue. Once you have defined your business goals, identifying and aligning the KPIs for your business will be easier and simpler. In this article, I will cover the first 5 steps in planning for a successful KPI design project for GP users based on the Designing Metrics and Key Performance Indicators chapter of the Business Dashboards published by John Wiley & Sons, Inc.
Financial reporting is absolutely unavoidable in the modern business world. We’re all doing it, whether it is a homegrown Excel process, a legacy program, the native Microsoft Dynamics GP report writer, or an independent software vendor (ISV) solution. And the media industry is no different. In terms of process improvement, upgrading your reporting writing processes with a new solution means automated financial statements, modern security, accessible collaboration, and self-service analytics. This article will explore what you should be looking for in a report writer to meet today’s analytical objectives, zooming in on what a reporting tool should offer you as a media organization using Microsoft Dynamics GP.