Technology

Published on April 11th, 2013 | by Jasonveith

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KPI Reporting Software’s Attributes

In every business project, reporting is needed in order to monitor the performance and progress of the plan. A popular tool or concept that is used for measuring business performance towards attaining organizational goals is the KPI or the Key Performance Indicator concept. Key performance Indicators are defined as sets of quantifiable measures that a company or an organization uses to measure or compare performance in terms of meeting their strategic and operational goals.

However, not all KPIs are the same; they vary between companies and organizations, depending on their priorities or performance criteria. KPIs are used as objects that could identify if a certain company or organization is leading towards the fulfillment of its goals or towards its failure. These KPIs are aligned specific goals, so that it will be easy for the managers to categorize if his team is near to the attainment of their goal.

The KPI software is used to support the implementation of KPIs. The software provides the users some tools that could be of help in measuring business performance, and in monitoring status of KPIs. KPI Reporting is said to be one of the most patronized tools of KPI. This tool is a part of the software that could automatically deliver reports and updates to its users.

However, the scheduling of reports depends on what is the most preferable time of the marketing executives and business managers since they are the ones who will primarily check the reports. The results of KPIs have data involving the organization‘s business performance which are usually given monthly but they can still be modified if things went wrong.

Reports are naturally needed by an organization because it is a type of tool that let the members of the organization knows the progress of the company. Somehow, reports are considered as the overall health of the company. We all know that every company has key performance indicators (KPIs) that they use to run their business and most of these companies encounter difficulties in the generation of these KPIs and the analysis of the data that makes up the KPI. Knowing the status of the company is a good way to determine if the current workload is enough to maintain the company’s good health. If the company’s health is decreasing, managers should formulate ways to prevent a total business downfall. The prevention of the worsening problems of the company should be solved by the new strategies imposed by the members of the organization.

The organization can track previous reports with the use of KPI technology because the tool will keep previous reports, however as the user, if you wish not to keep these reports then you will be able to remove them.

KPI reports include spreadsheets, charts, tables, and graphs. These reports usually contain global or regional figures and trends of sales, statistics, real-time supply chain details, and other documentation that are important in measuring business performance, and attaining business goals.

For more details on that solution please see salesforce dashboard information on Style Intelligence for Salesforce. The same intelligence-packed, highly-interactive, Flash-based KPI reporting and KPI dashboard software can be deployed with InetSoft’s on-premise version of Style Intelligence.

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