As a finance leader, your goal is to build and cultivate a high-performing team that delivers actionable information, executes on strategy and stays ahead of issues. You also recognize that an effective way to evaluate business performance within your team and organization is to define and track your key performance indicators (KPIs). At Carlson, we have helped many organizations lay the foundation for developing and empowering high performance teams.
Carlson Thought Leadership in Finance & Technology
At the recent 2016 Adaptive Live user conference, I had the opportunity to present a session along with a panel of our customers about the benefits of making Adaptive Insights the central hub of decision-making. Many organizations fail to fully utilize the breadth of capability within Adaptive for making solid business decisions by limiting the scope of data from which they work. Part of the reason for this is the mindset among some finance professionals that they should be concerned only with financial data. Another reason is that importing data[...]
I’m in London on a whirlwind business trip this week visiting clients, partners and attending the Adaptive Insights Roadshow. Earlier in my career, I worked in London so I have a strong attachment to this city. If you have ever navigated London using the Underground, you know that whenever the train doors open and close, there is an automated announcement to “Mind the Gap”. This iconic message is a fitting metaphor for the information gap that exists in most of the reporting packages that form the core of decision-making. Most of the reports that our[...]
Key performance indicators (KPIs) are well known within business as a means to distill down the number of variables that move the dial within an organization. But rather than discuss the particular KPIs that a finance team should track, let us apply the concept to measure the more qualitative characteristics of a high performing finance function. While not all-inclusive, here are four KPIs that you can use to gauge your own finance organization’s performance: