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Grow is a cloud-based, business analytics and reporting solution suitable for small to midsize organizations. The solution allows users to create customizable dashboards for monitoring business workflows and key activities. Organizations can easily track k...Read more about Grow
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Effortlessly create and display real-time TV dashboards with Geckoboard. Tailored for busy team leads and managers, Geckoboard simplifies sharing up-to-date data and KPIs throughout your organization. Connect to over 90 business applications, spanning sa...Read more about Geckoboard
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The Splunk Enterprise platform allows users to process and index most forms of data in their native format. It includes data indexing tools, which enable users to locate specific data across large data sets. The software is designed to serve users with li...Read more about Splunk Enterprise
Piwik PRO Analytics Suite allows for tracking users' online behavior and interactions with sites, digital products, and apps. With Piwik PRO, companies can make more informed decisions while respecting visitors’ privacy. Piwik PRO Analytics Suite ensures c...Read more about Piwik PRO
Diver Platform from Dimensional Insight is a data management and business intelligence (BI) platform. The solution can be used in various industries, including healthcare, beverage suppliers and distributors, manufacturers and supply chain companies. ...Read more about Diver Platform
Discover actionable insights in your data silos! Lumenore democratizes business intelligence with no-code analytics. Empower your entire team to derive insights from data - giving you a transparent view of your operations and helping you drive successful ...Read more about Lumenore
The world is changing faster than ever, and businesses need to adapt just as quickly. Keeping employees focused and initiatives aligned with your strategic goals is key to staying ahead. That’s where Spider Impact comes in. By automating data collection t...Read more about Spider Impact
Board is the Intelligent Planning Platform that offers smarter planning, actionable insights and better outcomes for more than 2,000 companies worldwide. Board allows leading enterprises to discover crucial insights which drive business decisions and unify...Read more about BOARD
Inzata is a cloud-based business intelligence platform that helps automate and manage processes of data collection, preparation, cleansing and modeling. Designed for health care, insurance and IT industries, the AI-based platform provides tools to visualiz...Read more about Inzata
KPI Fire is a cloud-based collaboration tool that provides team members with a dashboard view of shared company objectives and key performance indicators (KPIs). It is suitable for large and midsize companies in all industries. The KPI Fire dashboard prov...Read more about KPI Fire
InetSoft Style Intelligence is a business intelligence software platform that allows users to create dashboards, visual analyses and reports via a data mashup engine—a tool that integrates data in real time from multiple sources. These sources can include ...Read more about Style Intelligence
Yellowfin is the only enterprise and embedded analytics platform that combines action based dashboards, automated analysis and data storytelling. Yellowfin is recognized as an innovator by the world's leading analyst firms. More than 29,000 organizations a...Read more about Yellowfin
Ambition is a cloud-based business intelligence (BI) solution that provides tools and functionalities that help businesses drive employee performance and manage sales operations. Key features include data transformation, private cloud hosting, built-in ana...Read more about Ambition
TruOI centralizes and automates your entire operation. Our voice-activated AI Command instantly retrieves precise KPIs for each location, providing real-time updates to location managers. Ideal for franchisors, multi-unit franchisees, chains, and restauran...Read more about TruOI
AI-Powered Enterprise Analytics AnswerRocket is an AI-powered augmented analytics platform that enables business users to get instant answers and insights from their data. With AnswerRocket, customers can monitor key metrics, identify performance drivers ...Read more about AnswerRocket
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Big Data BizViz is a business intelligence platform that can be deployed in the cloud or on-premise. The product compiles and analyzes data from unstructured, semi-structured and structured data sources in order to help executives gain better insight into ...Read more about Big Data Pipeline
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Buyers Guide
This detailed guide will help you find and buy the right kpi software for you and your business.
Last Updated on January 27, 2025What is KPI software?
KPI software is a tool that automates the tracking of key performance indicators (KPIs) and presents them in easy-to-understand dashboards. This helps businesses create, manage, visualize, and analyze KPIs and ascertain how they are performing against targets, strategic goals, or objectives. The tool also acts as a centralized hub for decision-makers, allowing them to view the pertinent information in a single frame, as opposed to going back and forth between multiple reports and tools.
This guide is meant to help those researching KPI software for the first time. Here's what we'll cover:
Common functionality of KPI software
KPI software is a type of dashboard software, and thus the platforms share common functionality:
Data integration | Pull data from multiple sources, including Excel files, proprietary databases, and commercial business platforms. |
Customizable dashboards | Create customized dashboards at an individual or team level so users only see the KPIs that matter to them. |
Reporting | Use standardized reporting templates, or customize your own, then have reports sent to stakeholders automatically as necessary. |
Web accessibility | Cloud-based KPI software platforms allow users to access their dashboards from anywhere. |
Trend spotting | Track KPI data in real time, or compare over a set timeframe to identify trends. |
Automatic alerts | Send notifications via email if performance tracks drastically over or under KPI goals. |
KPI dashboard in InetSoft Style Intelligence
Benefits of KPI software
KPI software offers a number of benefits to organizations both large and small:
It visualizes vital information at a glance. Many BI platforms can help you dig through and analyze millions of points of data. KPI software helps you hone in on a few priority metrics at a time to avoid analysis paralysis.
It focuses your organization's efforts. No more confusion about goals—once your KPIs are set and your team can monitor their performance against them, team members can focus on improvement.
It gives you a centralized view of your data. The data to measure your KPIs may be scattered between your CRM system, multiple Excel spreadsheets, and a proprietary database. KPI software can pull all of this information together into one centralized location.
It saves time on data collection. Once your data sources are integrated with the platform, KPI software takes care of the rest. Gone are the days of manually updating numbers on a recurring basis.
What type of buyer are you?
KPI software buyers tend to fall into one of three categories:
High-level executives: Needing a high-level view of their organization's performance, many executives rely on KPI software to boil down the many facets of their business into a few key metrics, which they can easily monitor and report to shareholders.
Managers and department heads: Using a single KPI software platform, various managers, and department heads can create customized dashboards and views in order to aid decision making within their business units.
IT users: Though non-IT workers continue to account for nearly two-thirds of BI software purchases, IT professionals still make up a significant chunk of KPI and general dashboard software buyers. These buyers are looking for an efficient way to digest sizeable amounts of data related to internal business systems.
Key considerations for buyers
Deciding whether to invest in KPI software and choosing which platform is best for your needs requires considering a variety of factors. Here are a few key considerations to keep in mind:
Is KPI software all you need? KPI software only offers a fraction of the functionality found in larger BI platforms. Consider more robust suites with data mining and predictive analytics capabilities if you want to make use of more information and gain greater insight into your organization's performance.
Where does mobile BI come into play? On-premise systems have their benefits (more data storage space and customization), but many buyers take advantage of cloud-based systems and dedicated apps that enable them to access KPI dashboards from a mobile device. If you have a remote workforce, your vendor's mobile BI capabilities could play a huge role in your purchase decision.
Who will be using the system? IT staff may be able to work their way around a complex KPI tool, but what about your sales team? Depending on who is using the software and their technical literacy, you may need to make user-friendliness a top priority when deciding on a KPI vendor.