Becoming more strategic to the business is an increasingly important aspiration for finance organizations. There is a constant need for commercially astute and sound financial analysis of how the business is doing. Better analysis with deeper consideration and qualification helps the business strategically, particularly when times are economically tough. But determining which KPIs the finance department uses is key. KPIs Benchmark Efficiency It’s no secret that finance departments rely on KPIs to benchmark their efficiency and effectiveness. KPIs should also prove whether or not the finance department understand, support and help drive the overall business strategy, all while demonstrating commercial acumen. Acumen… Read more
An overview on the differences between focusing on KPIs, KEIs, and KIIs.