Key Performance Indicators

Overview:

KPIs are an excellent performance measurement tool that businesses in many different sectors employ to improve performance. The key to KPIs is finding a way to quickly gather and simply distribute the key business information without becoming beholden to large, complex databases and applications. The problem is that somewhere along the line the burden imparted by gathering and compiling month-end KPIs has become greater than the value these sometimes “outdated” numbers represent. How much effort, custom coding, and cost must go into compiling and communicating these measures?