A trend among agile companies is to track performance using Key Performance Indicators (KPIs).
If you use a Corporate Performance Management (CPM) solution integrated with an enterprise resource planning (ERP) system like Microsoft Dynamics 365 Finance, this approach will display the hard numbers your company is used to analyzing in your monthly review meetings as well as quickly and clearly revealing how your organization is performing as compared to your goals.
Knowing exactly how your organization’s performance compares to its goals at all times can be a game changer.
Are you ready to track your KPIs? The first step is to ensure you’re using a recommended CPM software solution that contains at least the 13 most critical KPI planning, tracking, and monitoring tools.
13 CPM Tools for Planning, Tracking, and Monitoring Your KPIs
A great CPM tool will provide templates, reports, and dashboards that help you complete your KPI planning, tracking, and monitoring tasks seamlessly.
Enter strategies and then enter the associated goals.
Keep track of deadlines and accountability easily.
KPI Tracking Reports
KPI tracking reports provide the timely alerts you need to ensure that your organization keeps moving forward on expected performance consistently.
Alert report where the user quickly can see exceptions vs goal (can be budget),
Power BI dashboard with financial KPIs and direct links to financial reports in Solver.
Curious how an interactive, integrated Financial KPI Dashboard works? There is no need to wonder – you can try it out for yourself, right here!
Graphical view of top KPIs with 13-month trend charts that includes actual LY and variance.
Traffic lights indicate issues with KPIs
KPI Monitoring Reports
Long-term KPIs focus on annual goals as well as goals that can extend years into the future. These KPIs are often characterized by incremental progress over time and their long timespans can make them easy to overlook in monthly or weekly progress review meetings.
KPI status reports help you keep an eye on your progress toward better performance
Learn more about the other recommendations and find report examples in the 13 Recommended CPM Software Tools for Effective KPI Management in 2021.
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