Comprehensive KPI Services for Data-Driven Business Success
Use of Key Performance Indicators For Your Business Sucess
- Implementation of a Key Performance Indicator can help a company monitor their performance and identify where changes need to be made. These metrics are primarily aligned to business objectives, targets or goals and track how well an organisation manages against these measurements.
- If you are looking for a service to help you make sense of your company’s KPIs, don’t look any further! Whiz Consulting can use our years of expertise and knowledge to gain a deep understanding of your business and the issues it has. We will use this to accurately trade in detailed reports that will resolve many problems in your company.
Objectives of KPI Report:-
Monitor Organization's Health.
Measure Overall Progress
Analyse Patterns Over Time
Solve the Problems or Tackle Opportunities
Make Adjustments & Stay on Track
Process of Establishing your KPI report
- Determine company vision and goals
- Analyze organization goals and break them down into Key Performance Questions
- Select specific KPIs that answers these Key Performance Questions
- Set the target for evaluating each KPI performance
- Chose date sources for KPIs
- Develop KPI report measuring actual performance compared to targeted goals
- Key out the reason for the deviation between these two, even any.
KPI reports which are crucial in understanding your business performance:
Financial Performance Review Report:
- Report with the following financial metrics-
- Gross Profit Margin Percentage
- Operating Profit Margin Percentage
- Operating Expenses Ratios
- Net Profit Margin Percentage
Financial Business Operational Efficiency Report:
- Report with the following operational efficiency metrics-
- Inventory Holding period
- Debtors Collection Period
- Vendors Payable Period
- Cash Conversion Cycle
- Working Capital Turnover
Sales Performance Review Report:
- Report with the following sales metrics-
- Sales Growth
- Sales Target
- Average Revenue Per Unit
- Customer Acquisition cost
- Customer Lifetime Value
Sales conversion review Report:
- Report with the following sales metrics-
- Lead-to-Opportunity Ratio
- Opportunity-to-Win Ratio
- Lead Conversion Rate
How KPI Reports are Beneficial:
Measures Budgeted Sales-
With KPI reports help, one can quickly analyze budgeted sales over the achieved sales during the specified period, thus helping analyze all the discrepancies.
Increase in Employee Satisfaction-
KPI provides checks on the satisfaction level of employees & workers, which helps to retain them for a longer period.
Improvement in Operational Efficiency-
KPIs help companies to identify their respective strengths and weaknesses and how those traits line up with their objectives for overall efficiency.
Retention of Consumer with product Satisfaction-
KPI helps to obtain how the ultimate consumer is satisfied with the product and provides the retention ratio of the consumer.
Overheads Cost Control-
With the help of KPI reports, small business accounting can reduce the cost by helping understand unnecessary and necessary expenditure.
Some of the US-based industries where Mehasa Consulting is consulting on developing KPIs reports:
- Mehasa Consulting provides KPI services that help identify business strengths and weaknesses and help concentrate on business processes. With an understanding, we relieve the tensions of your industry-specific KPI reporting service. Although every industry has different KPIs, Whiz Consulting’s KPI services can cater to aggregated reports for every industry. We are transparent with our reporting businesses can track progress and stay competitive in their respective industries.
KPIs for a Retail Store
KPIs for Health Care Business
KPIs for Home Care Business
KPIs for an E-commerce Operator
KPIs for a Real estate Business
KPIs for a Software Company
KPIs for Call Centre Business
KPIs for Consulting Business
KPIs for Media & Marketing
Frequently Asked Questions (FAQs)
1. What is a KPI report?
- A KPI report is a tool used to analyze a business and its processes performance. KPI reports help businesses to track progress against targets and goals. There are different types of KPI reports, and you can even have customized KPI reports based on your specific requirement.
2. Why should you have KPI reports?
- KPI reports are essential to help understand your business performance. KPIs are derived based on the company’s vision and goals. The KPI then helps to track progress against targets and goals. This enables businesses to understand not just the progress but the potential of a particular process or overall business. KPIs are highly effective, which is why you should also implement KPI reporting as a part of your business procedure.
3. What all should a KPI report must have?
- The content of one KPI from another will vary as each KPI is set to help analyze a specific process. However, every KPI report will have a final result that is comparable to the set target. Apart from this, every other individual element is specific to each KPI.