Financial KPI (Key Performance Indicator) is a measurable value that indicates how well a company is doing regarding generating revenue and profits. Monitoring KPIs shows whether a business is achieving its long-term goals.
Regardless of the size, age, and industry, each and every company needs to be conscious of their financial performance. While accountants deal with all the expenses, income and budgets, the company’s leadership also needs to be informed about important financial measures.
The fastest and most efficient way to keep track of an organization’s business performance is to set up a KPI dashboard that displays financial metrics.
The perfect financial KPI report presents real-time updates on a company’s important financial figures, such as the Operating Cash Flow, the Current Ratio, Burn Rate, etc.