This question was asked by an attendee during the Proformative webinar “Finance Transformation: Essential Elements for Driving Success" held on February 27, 2013. Please join the discussion and add your insights below.
A video of the webinar can be viewed here: http://www.proformative.com/resources/webinar-video-finance-transformation-essential-elements-driving-success
KPI's are great to track the performance of any dept, division, company. FP&A groups essentially have five main roles. The first two do not lend themselves easily to KPI's: annual planning and adhoc analysis. However there are three activities that can be monitored and tracked: time to complete variance analysis reporting; time to produce scorecards; and the time it takes to derive conclusions from combining data sets, I.e. production and financial data. There are probably many more that are industry specific.
One may also want to take a look at this free white paper titled Benchmark Study: Long-Range Planning - Steps to Develop a More Effecitve Process: