Take a Control of Financial Crisis with Ready-to-use KPIs

Financial Crisis KPI KPI - Balanced Scorecard metrics template example When an organization experiences a financial downturn, it has to take into consideration a variety of factors to effectively deal with the situation. The need of the time is to use a standard framework that can help in getting a holistic view of the business.

KPIs arranged in a Balanced Scorecard can help the business in managing its performance during a financial crunch.KPIs in this regard can be broadly grouped under four perspectives- financial, business development, operational and workforce management.

Financial Management consists of KPIs such as % increase in credit days, % decrease in debtor days, liquidity ratio, accuracy of financial risk forecasts and consistency of cash flows.

Business Development Perspective takes into account KPIs like number of new long-term contracts initiated, client oriented products and services introduced, lead generation effectiveness, response level.

Operational Perspective provides an insight of the operations of the business. It comprises of KPIs like % reduction in decision-making and lead time, % decrease in cycle time to resolve adjustments, simplification of lending conditions and identification of negative patterns.

Workforce Management Perspective provides measures to effectively manage the workforce during financial crunch. It includes KPIs such as % decrease in staff turnover rate, training uptake, % decrease in sickness/absence Level, crisis communication and continuity of information and feedback.

Download Trial Version of KPIsBuy Full Version of KPIs

Why do business professionals choose ready-to-use KPIs?

Read Why do business professionals choose ready-to-use KPIs? to find out the answers to these questions:

  • Can a business professional research KPIs on his own?
  • How do I avoid typical problems with KPIs?
  • Is ready-to-use KPI applicable in my niche?
  • Is KPIs' price affordable?
  • Can KPIs can be easily integrated in any business environment?
  • How can KPIs make the difference to the business?

What are the benefits of Financial Crisis metric:

Get these KPIs

More ideas on using Financial Crisis KPI

History has it that messing up of financial accounts have often tainted the images and reputation earned after hard times by firms and nations. The reason can be either the deliberate manipulation of numbers or a genuine financial crisis whereby one faces acute credit shortage.

Moving on, it is well-known that finance is the lifeblood of any organization, therefore it calls for adopting every possible strategy to regulate and circulate it in effectual manner.

Due to both the inlets and outlets of funds being numerous, it becomes important to employ a potent methodology for ensuring that inflows and outflows of finances are under effective supervision. One of the ways to avoid falling into the financial trouble is keeping a constant check on the application and sources of funds. Balanced Scorecard with related indicators on it can be designed to come out of unfavorable financial situation, if any.

The economic disturbances are an unavoidable reality of industrial world. To both escape and emerge unscathed out of financial troubles, one is required to incorporate useful monitoring strategies into management and keep an eye on the processes and movements.

More useful information for Financial Estimation

Financial Crisis Estimation Balanced Scoreboard Screenshots

The Balanced Scorecard (BSC) dashboard indicates performance within each perspective and the total performance of .

This is the actual scorecard with Financial Crisis Indicators and performance indicators.

Metrics for Financial Estimation

This is the actual scorecard with Financial Crisis Indicators and performance indicators. The performance indicators include: financial perspective, % increase in credit days, % decrease in debtor days, liquidity ratio, accuracy of financial risk forecasts, consistency of cash flows, business development perspective, number of new long-term contracts initiated, client oriented products and services introduced, lead generation effectiveness, response level, operational perspective, % reduction in decision-making and lead time, % decrease in cycle time to resolve adjustments, simplification of lending conditions, identification of negative patterns, workforce management perspective, % decrease in staff turnover rate, training uptake, % decrease in sickness/absence level, crisis communication, continuity of information and feedback.

Download or purchase Financial Crisis Estimation Balanced Scoreboard

Download a trial version of Financial Crisis Estimation Balanced Scoreboard or purchase a full version online.

Free Example Template(s)

Use this example to create your own KPI scorecard using a cloud-based software.

Best practice articles

All articles about measuring performance in Finance.

10 Step KPI System on Amazon

10 Step KPI System Book

How is this book different from 796 other book titles about KPIs on Amazon?

"Before writing a single line, I formulated some guiding principles, one of them was: "If our clients ask, "How can I find a good KPI for..." - I want this book to provide a perfect answer."

Manage your KPIs, Strategy Maps, and Balanced Scorecards Online

Cloud-based Balanced Scorecard Software

The most shared articles on BSC Designer

Scorecard Templates for PowerPoint

FREE Graphical Balanced Scorecard (BSC) templates for your presentation

The most popular articles on BSC Designer

Copyright 2000-2017 AKS-Labs. All rights reserved.