Definition of KPI Dashboard Software
KPI Dashboard Software provides business users with the ability to track key performance indicators (KPIs) for the organization and to measure how the company is performing against pre-determined goals and measures. Through KPI dashboard software a company can establish targets for each department along with reports that measure how the department is performing. A KPI dashboard software implementation for a sales team, for example, might measure sales performance against a pre-determine set of targets along with additional performance metrics for sales operations.
KPI Dashboard Software vs. Standard Reports
Unlike traditional reporting, whether in business intelligence software or through standalone tools, KPI dashboard software is designed to achieve a number of goals in one location. First, it should provide reporting and charting capabilities to provide the measurements discussed earlier. Beyond these simple reports and charts, however, KPI dashboard software should also provide a number of additional features including the ability for users to 'drill down' or to narrow the scope of individual or groups of reports in an effort to provide greater detail. Another feature KPI dashboard software might require is the ability to interact with charts through time sliders, letting the user narrow the view of data to specific intervals dynamically.
Planning KPI Dashboard Software
Planning the purchase of KPI dashboard software is a complicated process that can require input from a number of sources. Before even contemplating the purchase of KPI dashboard software the organization should begin by identifying the key performance indicators that it considers most critical. Through this type of exercise, the metrics and requirements for the KPI dashboard software will drive the selection process. Through the planning phase it's important to gain input from all departments that will be affected by the KPI dashboard software in an effort to ensure that maximum potential usage for the KPI dashboard software has been considered.
Buying KPI Dashboard Software
Once a list of requirements for KPI dashboard software has been established, the next step in the process will be the evaluation of candidate KPI dashboard software platforms. While it may be tempting to simply call the most well known vendors of KPI dashboard software like IBM and SAP, there are a number of smaller organization that provide KPI dashboard software that provides all the features of larger versions without the hassles and headaches often associated with KPI dashboard software.
Deploying KPI Dashboard Software
Once a KPI dashboard software vendor has been selected, the process of deploying the KPI dashboard software will most likely take several stages. One of the best policies for deploying KPI dashboard software is to begin with small pilot projects that will eventually be expanded. The benefit of this approach is that the KPI dashboard software is given the time necessary to be used and learned by the key contributors that will be vital to the long-term success of the KPI dashboard software through the whole organization.