KPI reporting is a management tool that allows companies to monitor and analyze their most important key performance indicators (KPIs) in real-time. It is a performance tracking tool that provides a visual representation of data associated with predetermined KPIs. KPI reports are typically presented as interactive dashboards that allow for deeper exploration of the underlying data. They allow business leaders to quickly and easily review and analyze KPIs to track progress against specific strategic goals. A well-made KPI report streamlines data and showcases only the KPIs organizations or teams need to measure performance over time for specific strategic objectives.

Creating an effective KPI report requires purpose, and it is essential to choose only the KPIs that connect to your initial objectives and will help leaders make decisions based on the data they see. KPI reports include data visualization, consisting of charts, tables, and graphs, and they allow you to reorganize displayed information, which allows for a quick change of focus. They provide a more detailed look at performance levels and include more data points, usually in grid style, for analysis purposes.

In order to prepare a good KPI report, you need to gather data and present all important metrics. Ideally, you want to present performance over a period of time and showcase recent growth, decreases, and outliers. A successful KPI reporting strategy requires more than building informative and actionable reports. Without people to review them and implement the strategies suggested, the reports aren’t worth much. So distributing them to people who can use the information is vital.

Overall, KPI reporting is a powerful business-performance analytics tool that helps companies recognize, measure, and visualize their KPIs to track progress against specific objectives.