KPI tools are a business reporting solution used by companies to track, monitor, and generate actionable insights from key performance indicators specific to company’s business objectives to achieve sustainable business development and, ultimately, profit.
In today’s cutthroat environment, it is crucial to utilise every possible resource a company can obtain, and KPI reporting tools are on top of the list. By utilising a professional KPI dashboard, the selected performance indicators will always stay up to date, ensuring the company’s health stays on course. But not only that, these tools provide a business numerous features and benefits that are invaluable when it comes to keeping your company on track:
Visualise and interact with data: With the help of KPI reporting software, you can visualise each KPI on customised charts and make interacting with data a pleasure. After you have connected your data sources with a few clicks, you are empowered to perform data analysis and visualisation entirely on your own. You can monitor and measure key performance indicators to assess if your operations deliver the expected results. Keep track of the correlation between business operations and performance to identify your weak points and act quickly to erase them.
Master complex analysis: A modern report tool is designed to help you perform complex analysis of your data sources, be that a flat file, marketing data, CRM- or ERP data or the most common SQL databases, such as MySQL, PostgreSQL, Oracle, and MS SQL. The KPI tools allow you to store all your data in one place and perform complex analysis on multiple sources in an effortless way. You can create customised charts with just a few clicks and track variable performance indicators related to your particular department – like sales, finance or marketing. No prior SQL knowledge or IT support is needed to operate our comprehensive MySQL reporting tool.
View your KPIs from multiple angles: A perfect online dashboard contains various indicators that are important to your business and includes data from several periods of time. However, for some organisations the process of measuring KPIs seems to be an exercise in futility – they miss out on analysing the causes for some failed business decisions or tend to watch data in isolation from their business goals. Make viewing data from multiple angles an important part of your business strategy and elevate your company above the competition.
Share your reports anytime, anywhere: Another distinctive benefit and feature of professional KPI reporting tools is the ability to share your reports from any device, anywhere; the only requirement is to obtain an Internet connection. Whether you quickly need to send a sharing link, automate your reports based on specific time intervals, assign a viewer with specified filters which enable them to explore data on their own, or send via PDF, CSV, XLS or PNG file, these tools provide numerous options you can choose to effectively schedule and share your reports.
Utilise predictive analytics and AI: Busy managers need to track countless KPIs and monitor the performance of whole companies and/or departments. Smart solutions such as intelligent alarms based on artificial intelligence and predictive analytics models that will enable you to peek at your future performance will enable each person to take advantage of modern technologies that can increase productivity, ensuring that a fast and accurate decision-making process is the backbone of operational and strategic goals.
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The importance of KPI tools lies not just within the ease of implementation into your own operations and already established procedures, but they also ensure additional multiple features that are crucial for succeeding in today’s cutthroat business environment:
Feature immediate performance snapshots: KPI reporting tools provide an immediate snapshot of the overall performance of the company. They succinctly offer feedback on performance, drawing attention to areas that need to be improved as well as recognising the things that are being done well. With the help of online data visualisation, your business will have access to real-time data that will keep the health of your business on track; you will have the necessary tools to make the right business decisions and measure company’s progress toward achieving its goals. By visualising all your metrics on interactive charts, you will have a clear understanding of your performance, and no spreadsheet or PowerPoint will ever be able to surpass this notion.
Filter unnecessary noise: A KPI report should be focused on indicators that are particularly important for your company. They give you the possibility to cut through the noise of other metrics which may be irrelevant for the business issue at hand and drill down to the metrics that are really meaningful and manageable. By making the most out of these KPI tracking tools, your monitored metrics will ensure you obtain a sustainable development – you will focus only on what matters, and when it matters.
Promote collaboration: KPI reporting promotes teamwork and mutual learning within a company. You can improve teamwork by alerting your colleagues immediately about problematic areas. A professional KPI reporting software gives them the freedom to access dashboards via web browsers on their personal devices and take action on the spot. By sharing data (and visualisations), you empower your employees to understand the whole background behind a business decision and open up for innovative solutions. Data generated from measuring key performance indicators fosters critical conversations between team members, who can exchange knowledge and jointly make strategic decisions to improve their company’s results.
Offer speed and accuracy: Reports must include industry-specific indicators that allow for benchmarking with competitors and highlight the company’s performance in comparison to industry standards. With modern software, you will be able to act on emerging business trends faster as well as easily grasp shifts in customer behaviors and market conditions across multiple data sets. And not only that, the speed and accuracy of these tools will provide a safety net whenever updated information is needed, whether during an ad hoc meeting, weekly reporting or yearly strategic development of a company or department.
Provide real-time data: Today it’s important to have data at your fingertips, without endless digging through numerous files, notes, spreadsheets or presentations. The possibility to have real-time, rich data where you don’t have to worry about updating your reports manually, makes these tools a crucial part of a successful business. This foundation offers incredible opportunities to make a business more efficient, and, thus, decrease costs.
As we have expounded, KPI reporting solutions not just upscale the company’s performance, but also provide a solid foundation for making decisions based solely on data, and ensure you create a firm path to substantial business success. The possibility to interact with the reports you create, completely eliminating tedious manual tasks and endless checks of created reports, not to mention the likelihood to lose them in all the piles of information you need to handle, makes your data story much easier to manage and follow. KPI monitoring tools create a steady environment – coupled with powerful aspects of modern technology and artificial intelligence, you will know all about your KPIs from a single point of access.
datapine is built on the notions of a safe, stable, and budget-friendly software that provides an easy to track and monitor your individual KPIs on customised charts, tables and interactive dashboards with a professional dashboard builder. Sit back and watch as the data on your dashboards update automatically. As mentioned, our software gives you back the hours you would otherwise spend manually inputting updated data to every report. You can then report interesting KPI insights to selected recipients. Choose which dashboards you want to send as reports in PDF, XLS or PNG formats. Schedule a date on which you want to send out reports once or set up fixed intervals on which they will be distributed. You can also share dashboards by sending an URL to selected viewers and help them better understand the data.
datapine gives you the freedom to access KPI reports online anywhere you are without the nuisance of carrying them around on a portable data storage device and without the stress that your laptop with valuable reports will be lost or stolen. With KPI reporting software you can view your updated data via any web browser, and any device, whether mobile, tablet or desktop. Thanks to a state-of-the-art security layer you can log in from any location with your username and password knowing that your data is safe and secured. You just need an Internet connection, and your data is there: on a safe cloud, providing you with endless possibilities to tackle into your KPIs, drill down into your reports, and create powerful dashboards that will present your department’s or company’s data story.
Learn why datapine stands out among competitors and what makes it indispensable for your business. Try our smart KPI reporting software for 14 days for free. Get started now by signing up online for a free trial and create dashboards with only a few clicks.
We were amazed how easy it was to use datapine and get the first KPIs within a couple of minutes. datapine is definitively a game changer for us as now all decision makers have quick, easy access to ad hoc analysis, KPI dashboards and reports.Sebastian Diemer, Founder at KreditechGO TO PRODUCT OVERVIEW
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