Measurable key performance indicators (KPIs) for finances.
We get questions all the time about the best way to ensure you’re on track with your finances. While it’s true that your measures should support on your strategy, it’s true that some measures are better than others. Keep in mind that you should have a balance of customer, process, and HR measures as well. (Click on the links to check out our customer measure library, our process KPI library, and our key HR metrics.).
Many organizations consider financial performance indicators to be the ultimate outcome measure—for good reason. They are very important to monitor, and because every company uses them, they’re great for comparing how you’re doing against your competition. To give you a leg up, we’ve compiled this library of 68 important financial KPIs and scorecard measures that you may want to consider implementing.
Note: We’re not suggesting nor advocating for you to begin measuring all of these KPIs. Rather, you can use this extensive list to get an idea of what like-minded organizations may be looking at, then research KPIs from other lists, and decide upon the critical few that are in line with your strategy.
Dylan is a Co-Founder and Managing Partner of ClearPoint Strategy and spends his time either in the clouds or in the weeds.