Top Record to Report KPIs You Should Be Tracking

How is your Office of Finance measuring success?

With multiple data sources, manual processes and various stakeholders involved, what are the key measurements we should be tracking and how can we ensure we deliver actionable intelligence that helps improve the efficiency, effectiveness and integrity of the period end close?

Many times, finance organizations focus on KPIs related to the “time to close” or “reducing costs.” Although reducing the time and cost to close are important metrics to measure, many finance organizations make the mistake of overlooking two of the most critical KPIs – the effort it takes to close and the quality of the data produced.