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When financial performance maturity is basic

February 19th, 2019 - by Roger Knocker

In some organisations, the financial performance maturity is basic. This means that you probably rely on a key person to provide financial performance data such as a profit and loss statement or a cost centre report. The reporting and planning might be ad hoc i.e. it is not routine or predictable. The reporting is mostly […]

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Importance of KPI Software and Dashboards for Performance Management

September 26th, 2017 - by admin

Confusion exists regarding KPA, KPI, and KRA, and you may have typed in KPA software by mistake whilst you were indeed looking for KPI software. Before we explain how KPI software can help your company, let’s first take a look at what KPA is and how it relates to KPI and KRA. KPA refers to […]

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Three Common Financial Forecasting Mistakes to Avoid

September 26th, 2017 - by admin

Considering that many firms follow less than efficient approaches to budgeting because of factors such as information overload, tedious processes for collecting appropriate data, and the resultant time lapse between data collection and application, it is not surprising that many companies struggle to match their forecasting and budgeting with reality. However, with the right financial […]

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Four Common Performance Management Mistakes to Avoid

August 28th, 2017 - by admin

A company’s ability to expand its markets, seize innovation opportunities, maintain a competitive edge, manage change, and attain ongoing growth is closely related to the firm’s ability to implement strategy successfully. Performance management measurement is how the firm determines the success of strategy implementation and the management of performance is what enables the company to […]

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How to Choose KPI Software that Will Work for Your Company

August 28th, 2017 - by admin

Selecting the right KPI dashboard for your particular firm is essential, since the measurement of irrelevant KPIs is simply a waste of resources. Choosing the correct KPI solution can help your company gain a competitive edge within your specific industry. Review the important features below, which will give you an indication of what makes for […]

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