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Hut, Hut, Hike! Better Measuring Business Metrics with Dynamics

Posted by Indusa Admin on September 4, 2015 4:25 am

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Business performance metrics are used to evaluate the success of an organization and its activities. But even within an organization, not all metrics are created equally. Individuals, teams, and departments all have different metrics they value over others.

Learn how with the help Microsoft Dynamics AX, you’ll be able to properly measure business performance metrics from the lowest level employee to the highest from both an individual and team perspective.

Your Team is a Lot Like the New England Patriots 

Let’s take a look at the New England Patriots and compare it to how different employees or departments in your organization care about different metrics. Tom Brady, the quarterback of the Patriots, would focus on metrics that he might be interested in such as how many completions or touchdowns he throws, while also comparing those numbers against the amount of interceptions he throws. On the other end of the spectrum, linebacker Dont’a Hightower would be much more interested in the amount of tackles or sacks he accumulates rather than Tom Brady’s statistics. The same can be said for the rest of the players on the team – they all have role-specific metrics that they’re focusing on, even though their teammates might not share the same metrics.

The coaching staff has more over-reaching stats that they need to monitor. They also have specific metrics to focus on. Even though offensive coordinator, Josh McDaniel’s, is interested in many of the same metrics as the quarterback, he also has to focus on other members of the team too. In addition to passing, he also has to focus on blocking, rushing, receiving and other metrics that impact the offense. While McDaniel’s is busy reviewing passing, rushing and receiving metrics, defensive coordinator, Matt Patricia similarly focuses on multiple metrics spanning across the defensive side, such as measuring sacks, tackles and interceptions. Both men play a very important role in the success of the team, but there’s one man who oversees the entire operation – Head Coach, Bill Belichick.

As the head coach, Belichick is interested in all metrics – individual, offensive, defensive, special teams and team metrics as a whole, such as their win-loss ratio. If you want to take it one step further than that, we can include Robert Kraft. As the owner of the New England Patriots, the top metrics he’s focused on is looking at their profitability and the metrics that tell that story. Even with all the players, coaches, and individuals associated with the Patriots, Kraft’s’ number one priority is how much money they’re making.

Properly Managing Business Performance Metrics

Managing data for so many different teams and so many different metrics can be a hassle. Thankfully, with Microsoft Dynamics AX, you never have to run a report ever again! All of the data you need is available to you instantly.

The user-friendly interface allows you to define your own metrics to fit your individual and team needs – allowing employees to better understand their own accountabilities, their department’s accountabilities, and how those accountabilities roll up to higher level business performance metrics. Each employee and department can view their own metrics on an easily accessible dashboard. This data can be analyzed, turned into graphs or charts, and exported to other Microsoft applications such as Microsoft Excel. Below are some examples of what Microsoft Dynamics AX would look like.

BIKPI
This is an example of standard financial performance indicators that appear on the CFO Role Center right out of the box. Each individual employee, team, or department would have a similar dashboard that shows the metrics they need to track and measure.

Here are a few more monthly indicators.

KPIBI2
These are performance indicators that can be updated in real time. As shipments are made or customers invoiced, these metrics are instantly updated.

The data is easy to read and provides numerous, valuable insights into your day to day operations.  With the analytic features Microsoft Dynamics AX provides you’ll be able to:

  • Reflect and communicate your organization’s business strategies, objectives, and measurements
  • Automate the collection and summarization of performance data
  • Evaluate your overall business performance according to your strategy
  • Track performance and measure fulfillment of business goals
  • Obtain real-time overviews of objectives and measures, allowing you to take immediate action

Final Thoughts

These analytics help provide valuable insight needed to better operate your business. Receive the answers you need in real-time by using this secure and flexible platform to turn raw data into useful and easy to understand business knowledge. Thanks to Microsoft Dynamics AX, there is no need for external reporting tools or data replication – all the information you need is available on your customizable dashboard. No more hassles!

Want to know what it’s like to throw the game-winning touchdown pass in the Super Bowl? Download the Dynamics AX demo and become MVP of business today!  

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Request a demo: Microsoft Dynamics AX


Keith
About the Author – Keith Reali

Keith is a financial and management executive with broad experience in all aspects of business including general management, project management, cost management and financial management.

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Contributing Writers: Elena Britton and Sarah Van Wambeke