For small and medium sized firms, key performance indicators (KPIs) are the vehicle for long-term goals. KPIs are a set of quantifiable measurements that a company employs to compare and contrast performance in relation to its operations and short- and long-term goals. KPIs provide data that can be used to create a productive framework. Key performance indicators are critical for achieving a company's long-term objectives. As a result, KPIs outline specific activities and procedures that owners and employees can use to achieve short-, medium-, and long-term objectives. Measuring performance is the most effective way for discerning business owners to stay productive and adjust their operations in order to stay on track to reach their business goals.
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· Accounts receivables turnover
· Accounts payable turnover
· Inventory Turnover
· Working Capital
· Net Profit Margin
· Budget Variance
· Revenue Ratio
· Current Ratio
· Profitability
· Many more KPI’s (see “Services” under Financial Analysis)
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