Read Why do business professionals choose ready-to-use KPIs? to find out the answers to these questions:
Ideally, you need to have a strategy (in a form of a strategy map) before you start thinking about the ways to measure its execution (KPIs). Don't have a strategy map yet? Use free Strategy Map Wizard to create a strategy map for your current business challenges. The wizard will:
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Leasing companies are involved in providing equipments and other entities on lease. Companies operating in leasing industry are required to 'watch their steps' in an extremely careful manner. This is to keep an account of the way things and operations have been going on in the company.
There are large number of factors that operate in the surroundings of the firm to create an entangled environment for the functioning of these firms. The rental agreements signed by lessor and lessee are carved out after paying heed to various underlying principles and 'possibilities' that might arise in future.
As a summation, this 'process of tenancy' needs to be conducted in a meticulous manner so that none of the engaged parties suffers at the hands of any other.
This in turn calls for employing a strategy 'to manage performance'. Managers have often used BSC (Balanced Scorecard) to attain this. This is a tool to bring the 'valuable metrics' together on a single platform for further analysis.
This is to have an instrument for 'balanced and uniform growth' so as to keep all stakeholders equally happy and involved. BSC does exactly this and in a seamless way.
This is the actual scorecard with Leasing Company Dashboard and performance indicators. The performance indicators include: financial perspective, investment in equipments done, equipment leasing volume, market penetration rate, debt: equity ratio, customer perspective, % rise in customer base, customer return rate, % dip in the number of fraudulent cases, complaints reduction ratio, internal processes perspective, average loans and leases to deposit ratio, average cost of core deposits, loans and leases receivable, number of sectors the company caters, lease terms and payments perspective, average lease term the organization provides, fraction of instances when the up-front security payments exceeded 10%, advance payments index, number of factors considered to decide the amount of payment.
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."