Strategic acquisition: KPIs and leading practices for management reporting
While undergoing a strategic acquisition, there’s a lot to get in order. And when it comes to management reporting, here are the goals we think are most important for your organization amidst this strategic change, meaningful KPIs to track progress, and leading practices to follow.
Goals for your reporting
- Work towards unified metrics and KPIs: Merge the key performance indicators used by both organizations to ensure that reports provide a consistent and comprehensive view of performance.
- Enhanced analytical capabilities: Lean on tools that analyze your data and derive nuanced insights, including month-over-month flux.
Meaningful KPIs to track
- Report generation time: The duration to compile, analyze, and generate management reports post-integration versus pre-integration benchmarks.
- Accuracy of reports: The reliability and accuracy of data and insights presented in the reports, ensuring stakeholders base decisions on accuracy.
- Cost of report generation: Total cost (including software, labor, and other overheads) associated with producing internal management reports.
- Automated data integration for reporting: The percentage of data inputs for reports sourced and integrated automatically, highlighting digital efficiency.
Leading practices
- Unify your reporting framework and ensure consistency in reporting.
- Integrate your data sources so it flows automatically without manual input.
- Align on core KPIs.
See the considerations, KPIs, and leading practices most critical for external reporting.