I'm the FC in a £7m turnover company, currently undergoing lots of internal changes. One of which is that each department head is being asked to provide some KPI's by which their performance can be measured.
As the only person in finance, the KPI's will be all about me!
Initial thoughts are:
- Debtor days (to be within a certain amount of days)
- timely and accurate completion and distribution of management accounts by a certain day
- accuracy of budget/forecast (think of an acceptable tolerance)
Anybody else had to think of KPI's for themselves, and is anyone willing to share their ideas?!