KPI Tools Provide Accurate and Clear Metrics and Measurements!
If your business is like most, you are trying to focus on the facts! You want to measure results and make plans, using the facts rather than opinion or guesswork but that can be difficult. Key performance indicators (KPIs) allow you to establish and monitor metrics and measurements that will tell you whether activities, tasks, and processes are getting you to your goals and helping you to meet your objectives. KPI Software is crucial to the management of your workflow, training initiatives, investments etc.
KPI examples for sales might include metrics regarding customer acquisition costs, the lifetime value of a customer, sales targeting and net profit margins. By tracking these KPIs, the business can begin to understand how cost-effective its policies, procedures, activities and resources are and where to make changes.
If you can provide your business users with a KPI Dashboard, you enable them to monitor results and metrics and spot issues and opportunities as they arise. With a KPI tool, users can define KPI with an easy to use, powerful expression engine and set polarity, frequency, and threshold levels using a browser based interface. Users can establish and monitor KPIs at the individual, team, department, division and company level. Defined KPIs are not limited itself to static monitoring. KPI Analytics provide interactive options to change frequencies, dimension break downs and drill down to further analyze trends, and reasons for performance and non-performance.
Original Post: Key Performance Indicators (KPIs) Ensure Fact-Based Metrics!