FOOD FOR THOUGHT

Delivering high-impact key performance indicators (KPIs) is crucial to a company’s performance and growth. However, not every company understands what makes a good KPI or how to go about setting one.

Effective company key performance indicators (KPIs) guide a business on the journey towards its strategic goals.

A familiar scene: you’re on your way to a board meeting alongside your C-suite. You and your team have formulated a plan that could revolutionise the business, but you need board approval to get started.

Just like businesses, KPI dashboards come in a wide variety of sizes, shapes and functions. However, we’ve found that they tend to fall into one of six categories—based on the challenges they help overcome.

In this blog, we explore some of the common mistakes made when introducing a KPI dashboard into a business.

A CFO is unlike any other financial professional. They are more than just an analyst, more than just a strategist, more than even a leader: they’re a sign that your business is ready to “play with the big boys”, a symbol of rising success to your employees and any potential investors that may be watching.

CFOs are valuable, but they’re also expensive. In fact, for a full-time, salaried CFO, you can expect to pay just under $140,000 a year. Add in the additional secondary costs, such as paid leave, insurance benefits and sick days: that significant sum simply grows larger.

Chief financial officers (CFOs) are valuable to your business; but just how valuable? Measure their performance with the right CFO KPIs: here’s how to get started.

The role of the chief financial officer (CFO) has evolved with modern business requirements. Could you now benefit from their increased skillset? Here’s what the new, modern CFO can offer your business:

Do you know the difference between the CFO and controller? Which do you need for your business? This is what each accountancy and financial professional offers your company: