We focus on your existing KPI reporting and support you to define the most important KPIs.

Initially, it is important to focus on the most relevant KPIs, for instance the top five KPIs of your company. By an evaluation of your existing set of KPIs and considering potential decision criteria such as:

  • Which KPI shows development of your business best?
  • Which KPIs do you use for steering the company?
  • Which KPI is understandable/ communicable?

the analysis of the given KPI set is started. As an example you might want to look at KPIs such as EBIT, sales per region, or operating costs in particular.

A holistic set-up of your most important KPIs enables predictive and resilient decision making

Decision makers in finance know most relevant KPIs for their business steering. However, a holistic view on these KPIs is required in order to understand risk drivers and allow for predictive decision making. Due to this, BearingPoint suggests to consider following aspects in order to become financially resilient:

  • Focus on the most relevant KPIs, for instance the top five KPIs of your company.
  • Analyze and chose external economic indicators that do have significance and, hence, provide predictive value for your KPIs.
  • Avoid using your risk framework stand-alone. Instead, benefit from a holistic perspective by combining KPIs with risk factors associated.
  • Set up the right dashboard and benefit from large transparency gains. Focus on few but relevant KPIs and their determining factors that really move your financial results.
  • Identify efficiency drivers that arise due to the “new normal”. Also consider possible effects on your business model.   
Resilient Reporting - What does that mean?
Resilient Reporting - What does that mean?
 
  • Resilient Reporting - What does that mean?

    Resilient Reporting - What does that mean?
    A holistic set-up of your most important KPIs enables predictive and resilient decision making.

  • Why should companies change their reporting to "resilient reporting"?

    Why should companies change their reporting to "resilient reporting"?
    A holistic set-up of your most important KPIs enables predictive and resilient decision making.

  • Next Level Reporting

     

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Would you like more information?

If you want to get more information about this subject please get in touch with our experts who would be pleased to hear from you.

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