How Key Performance Indicators (KPIs) WorkIan McManus
Key Performance Indicators (KPI) in business are financial and non-financial metrics generated by My Business Manager to define and measure progress toward organizational goals.
Managers use Key Performance Indicators (KPI) in business to assess the present state of the business and to prescribe a course of action. KPIs are typically tied to an organization’s strategy (as exemplified through techniques such as the Balanced Scorecard and Business Performance Management or BPM).
Typically, managers will use My Business Manager to monitor and track:
• Balance Sheet Drivers
• Have a major impact on cashflow
• Must be managed
• Are impacted by internal policies
• Should be monitored for any increases
• Show how the business is performing
• Margins and profitability need to be monitored
• Have impact on funds available to cover break-even and to fund growth
• ROI shows business performance as an investment.
• Show the financial health of your business.
• Indicate the financial strength of your company
• Show its ability to pay its own way.
Investment / Equity / Capital
• Indicate the value of the company
• The level of debt compared to value
• And the effectiveness of the business as an investment
With the My Business Manager web-enabled Performance KPI tools, you can assign sets of KPIs to individual employees in order to track the performance of;
My Business Manager tracks all of these dynamically so that you can see the trends and compare the performance of your business to other similar businesses.