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Xtraction
Xtraction
Xtraction is a reporting tool that automates the extraction and organization of data. It requires little or no tech support to install and supports multiple data formats. Xtraction can deliver IT reporting to a number of busi...Read more about Xtraction
BOARD
BOARD
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 bu...Read more about BOARD
Tableau
Tableau
Tableau is an integrated business intelligence (BI) and analytics solution that helps to analyze key business data and generate meaningful insights. The solution helps businesses to collect data from multiple source points such as...Read more about Tableau
SAP BusinessObjects Business Intelligence
SAP BusinessObjects Business Intelligence
SAP BusinessObjects is a business intelligence solution designed for companies of all sizes. It offers ETL (extract, transform, load), predictive dashboard, Crystal reports, OLAP (Online Analytical Processing) and ad-hoc reporting...Read more about SAP BusinessObjects Business Intelligence
TARGIT
TARGIT
TARGIT Decision Suite is a business intelligence and analytics solution that offers visual data discovery tools, self-service business analytics, reporting and dashboards in a single, integrated solution. TARGIT combines the ...Read more about TARGIT
SetSight
SetSight
SetSight offers a cloud-based business intelligence solution to collect, analyze and report key data associated with sales trends, replenishments, category management and more. It features order management and forecasting, reporti...Read more about SetSight
Necto
Necto
Panorama Necto is a business intelligence (BI) suite that is designed to work in tandem with any data source—OLAP, spreadsheets, relational and in-memory. Necto suits midsize and enterprise-level companies across all major in...Read more about Necto
ADS - Medical
ADS - Medical
Agile Data suite (ADS) is a cloud-based business intelligence solution that provides tools to manage and integrate data. The solution is suitable for industries such as automotive, aviation, medical, consumer products and pharmace...Read more about ADS - Medical
Infor OS
Infor OS
Infor OS is a web-based networked BI and analytics solution that connects insights from various teams and helps in making informed decisions. The tool enables decentralized users to augment the enterprise data model virtually with...Read more about Infor OS
TruOI
TruOI
With the TruOI Platform, you’re not only able to only see how your company is performing in real-time, but the platform also initiates automated system activity based on pre-programmed performance to keep your organization on trac...Read more about TruOI
Sisense
Sisense
Sisense goes beyond traditional business intelligence by providing organizations with the ability to infuse analytics everywhere, embedded in both customer and employee applications and workflows. Sisense customers are breaking th...Read more about Sisense
TIBCO Spotfire
TIBCO Spotfire
TIBCO Spotfire provides executive dashboards, data analytics, data visualization and KPI push to mobile devices. It complements existing business intelligence and reporting tools, while midsize organizations can use dashboards and...Read more about TIBCO Spotfire
Skookum Digital Works
Skookum Digital Works
Skookum Digital Works (SDW) provides custom-build business technology assets that help companies to solve business problems and drive their business outcomes. They also provide UI/UX designers, product strategists, and software de...Read more about Skookum Digital Works
GoodData
GoodData
GoodData is a cloud-based business intelligence platform that delivers progress analytics in real-time. With their integrated suite of tools and applications, users across departments will have access to critical metrics, giving v...Read more about GoodData
Analance Business Intelligence Suite
Analance Business Intelligence Suite
Analance Business Intelligence Suite by Ducen is a hybrid business intelligence (BI) solution that caters to businesses across various industries. Key features include data integration services, application development and mainten...Read more about Analance Business Intelligence Suite
Phocas Software
Phocas Software
Phocas is a team of passionate professionals who are committed to helping people feel good about their data. Our software brings together organizations’ most useful data from an ERP and other business systems and presents it in a ...Read more about Phocas Software
Dynamics Business Intelligence
Dynamics Business Intelligence
Dynamic Business Intelligence is a cloud-based suite that offers applications such as online analytical processing, performance management, semantic analytics and text mining. The solution integrates with Microsoft Dynamics partne...Read more about Dynamics Business Intelligence
MicroStrategy Analytics
MicroStrategy Analytics
The MicroStrategy analytics platform is a cloud-based and on-premise self-service business intelligence platform that supports both data mining and visualization. The platform can be implemented on a gradual and as-needed basis, s...Read more about MicroStrategy Analytics
Logi Analytics
Logi Analytics
Logi Analytics is a business intelligence (BI) platform that provides self-service analytics tools for businesses. It can be embedded directly into the applications that employees use every day. Key features include a dashboard, d...Read more about Logi Analytics
Exago BI
Exago BI
Exago BI is a web-based solution that’s designed to be embedded in web-based applications. Embedding Exago BI allows SaaS companies of all sizes to provide their customers with self-service ad hoc, operational reporting, and inter...Read more about Exago BI
Popular KPI Software Comparisons
Buyers Guide
Last Updated: November 18, 2022What 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
- Benefits of KPI software
- What type of buyer are you?
- Key considerations for buyers
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. |
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.