more-arw search

Q&A Forum

Productivity KPI

Hello all, Just wandering what your opinion is on productivity KPI such as "how long does a user in general spend his/her time on closing an activity/issue' in a finance shared service centre (AP/AR). Also would you have an idea of what these KPI would be?? Thanks

Answers

Topic Expert
Wayne Spivak
Title: President & CFO
Company: SBAConsulting.com
LinkedIn Profile
(President & CFO, SBAConsulting.com) |

How do you "weight" complexity factor into this KPI?

Topic Expert
Jaime Campbell
Title: Chief Financial Officer
Company: Tier One Services, LLC
(Chief Financial Officer, Tier One Services, LLC) |

Exactly, Wayne. If you look at time only, you'll encourage people to hurry. This can come at the expense of a true "closing" for issues, and can also come at the expense of great business relationships.

Do look at time spent. Don't look at this statistic alone but in context. Pair it with other stats, including complexity and reports of the overall quality of the experience.

Topic Expert
Regis Quirin
Title: Director of Finance
Company: Gibney Anthony & Flaherty LLP
LinkedIn Profile
(Director of Finance, Gibney Anthony & Flaherty LLP) |

Time is a very important statistic to track, within a process, as it usually has a direct relationship to customer satisfaction. With a finance shared service center, I am going to assume you have an established and well documented process. In this situation, complexity is less of a concern, Issues will pop up but they will be exceptions to the rule.

To build on the answers received thus far, track the following statistics as a group - to track the employee - time to process, error rate, and customer satisfaction; to track the center - exceptions.

1651 views
Topics

Get Free Membership

By signing up, you will receive emails from Proformative regarding Proformative programs, events, community news and activity. You can withdraw your consent at any time. Contact Us.

Business Exchange

Browse the Business Exchange to find information, resources and peer reviews to help you select the right solution for your business.

Learn more

Contribute to Community

If you’re interested in learning more about contributing to your Proformative community, we have many ways for you to get involved. Please email content@proformative.com to learn more about becoming a speaker or contributing to the blogs/Q&A Forum.