Hanna Kim
Top 8 Acronyms Used in Business Intelligence and Corporate Performance Management

This article focuses on terms that will educate and help those who are new to the BI/CPM realm.

 

Image taken from Shutterstock.

Image taken from Shutterstock.

Have you ever started a new job in an industry you have no experience in? Learning the industry jargon can be overwhelming. I can personally attest to this because prior to working in the Business Intelligence (BI) and Corporate Performance Management (CPM) worlds, I was in the food, public relations, and entertainment industries, and did not have much experience in BI or CPM. If you have recently been exposed to BI tools, such as report writers, budgeting and planning solutions, dashboards, data warehouses (DWs) and you feel like a deer in headlights, there is no need to panic. In this article, we will discuss ten acronyms in the BI/CPM realm that will help you understand and enhance your experience with BI and CPM processes.

Continue reading

Hanna Kim
10 Steps to Successful KPI and Metric Design Using Dynamics GP, Part 2

This article is the second part in planning for a KPI design project.

KPI1A 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

Hanna Kim
10 Steps to Successful KPI and Metric Design Using Dynamics GP, Part 1

This article is the first part in planning for a KPI design project.

KPI1A 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.

Continue reading