Knowledge management in the vernacular
In practice, you combine your key operational business indicators with the key indicators of your company's finances
The Internet is full of the theory of knowledge management, but practical solutions are scarce for SMEs.
Unlike the writings on the theory, this blog goes through
- the challenge for SMEs in calculating and reporting internal key figures
- how you can solve the problem in your company in practice
In addition to the mood base, the business can be managed and directed with information consisting of key indicators relevant to the company's finances and operational business.
Business indicators for enterprises tend to be divided into external and internal indicators (indicators relevant to operational business, such as ).
External key figures are calculated directly from financial/accounting software data. Internal indicators relevant to the management and monitoring of operational business may, in turn, consist entirely of data outside financial management, such as:
- on the number of new customers
- run machine hours
or data imported from the financial management system and data outside financial management, such as
- Customer acquisition costs /new customers CAC (Customer acquisition cost)
- Average income per account (ARPA)
- Customer Lifetime Value (LTV)
- EBITDA per machine hours driven
The challenge of knowledge management in the everyday life of SMEs
For most SMEs, internal accounting indicators are still generated in Excel because it is too laborious and expensive to deploy ERP or BI systems.
In practice, this results in one of the core SME employees having to spend part of their time combining data, copying data from financial management software to Excel and calculating internal accounting indicators used in Excel to control operational business.
Finadeck's solution to knowledge management in problem
To facilitate the monitoring, reporting, budgeting and forecasting of operational business and key financial indicators, we have built agile and easy-to-use software where you can:
- combine your company's financial and operationalbusiness data ina cost-effective and agile manner
- build,visualize, andautomate da reportsyouwantfor the desired people
- Create budgets, forecasts and scenarios for the cost locations you want more easily than ever before
To establish the practical benefits of Finadeck's software, you can:
- Order Finadeck's 30-day free test period with this order form
- Combine Finadeck's Reporting or Financial Management Software in minutes with your financial management software
- Transfers variables used in internal calculation, such as hours worked, number of new customers, etc. From Excel to Google Sheets
- Connect Finadeck to the Google Sheets you want
- Build your company's key operational and financial indicators at Finadeck
- Visualize reports the way you want
- automate the transmission of the reports you want to send to the people/stakeholders you want
You will receive more detailed instructions for use when you activate Finadeck.
We are happy to support Finadeck's deployment, which we offer to all our customers free of charge.