How to Employ Software to Study Key Performance Indicators

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HME Business recently shared what providers should look for in software to help owners track their key performance indicators (KPIs) in order to know the right information about their business. 

Key data points to keep in mind include: 

  • Days Sales Outstanding (DSO) 
  • Outstanding Accounts Receivable Over Time 
  • Gross Profit 
  • Cash Flow 
  • Sales Per Square Foot 
  • Inventory turn times 
  • Unit sales 

Along with identifying KPIs, it is also essential for businesses to master their reporting tools, to use a dashboard, and to use the data strategically. 

Click here to read the original article from HME Business

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