Easy Ways to Create Custom KPIs in SAP Business One<\/strong><\/span><\/h2>\n<\/div><\/div><\/div><\/div><\/div><\/div>KPIs or Key Performance Indicators are quantifiable ways of measuring the performance of a specific objective for a business over a given period. With the help of measurable KPIs, companies can set targets for their teams, establish milestones for analyzing progress, and extract insights that help the company make well-informed decisions. KPIs help in every domain of a business\u2014be it finance, operations, marketing, or HR.<\/p>\n
Measuring and Creating KPIs in SAP Business One is quite easy. Its data forecasts are not only helpful in measuring the present scenario and implementing changes but also provide actionable insights to make strategic decisions and improve business performance.<\/p>\n<\/div>
<\/div><\/div><\/div>![\"Custom](\"https:\/\/praxisinfosolutions.com\/blog\/wp-content\/uploads\/2023\/01\/Custom-KPIs-in-SAP-Business-One.webp\" "\\"Custom")
<\/span><\/div><\/div><\/div><\/div><\/div><\/div>SAP B1 allows you to create custom KPIs that are integral to your business and are engineered toward measuring specific targets for your business. Usually, there are four kinds of KPIs in SAP Business One to choose from\u2014Financial, Customer, Process, and HR and Innovation.<\/p>\n
Let Us Look at Them in Detail:<\/b><\/h2>\nFinancial KPI<\/b><\/h3>\n
Financial KPI focuses on the financial performance of the organization. It is used to analyze financial data.<\/p>\n
Customer KPI<\/b><\/h3>\n
Customers are the most important aspect of a business. Their experience, preferences, complaints, requests, and performance are some key insights that every business should collect. The Customer KPI in SAP B1 enables them to focus on this data and enhance customer experience.<\/p>\n
Process KPI<\/b><\/h3>\n
Process KPI measures the performance of internal business processes and operations of an organization. It provides insight into which processes are working better than others and any scope for improvement.<\/p>\n
HR and Innovation KPI<\/b><\/h3>\n
Employee-level training, performance, achievement, salary, and everything resource-related is taken care of through the HR and Innovation KPI.<\/p>\n
Creating a Simple KPI<\/b><\/h2>\n
For creating a simple KPI, you have to use the SAP HANA Fiori-style dashboard. Once you are on the dashboard, navigate to the \u2018Tools\u2019 option in the main menu. Then choose the \u2018Pervasive Analytics\u2019 option and open the \u2018Pervasive Analytics Designer\u2019. There are several KPIs already mentioned in the system as a standard practice under the \u2018My KPIs\u2019 section. Any new KPI created will be automatically added to the list.<\/p>\n
Also Read: Analytics and Reporting in SAP Business One<\/a><\/b><\/p>\nCreating a Custom KPI<\/b><\/h2>\n
Click on the \u2018New KPI\u2019 button to start creating a KPI. This allows you to manually create a new KPI from the scratch. However, for this instance, we will stick to working with preconfigured KPIs described above.<\/p>\n
Choose a preconfigured KPI as per your choice. Click on it and open it in the KPI designer. The first step is to change the name of the KPI and make it as per your use case such as \u2018Sales orders with Deposits\u2019. Preexisting queries of the KPI are present in the system and will come up on the left column of the KPI Designer. These can be used as the base for a new KPI. You can also view the SAP HANA Calculation views on the column that are usually available out of the box. These are ready for use as well.<\/p>\n
By selecting a query, like the \u2018Sales Order Without Deposit\u2019 query, you\u2019ll be prompted with a list of fields associated with the query. These will show parameters such as \u2018Count\u2019, \u2018Sales Order No.\u2019, \u2018Customer Code\u2019, \u2018Customer Name\u2019, \u2018Total Amount of Order\u2019, \u2018Due Date\u2019, \u2018Document Data\u2019, and more.<\/p>\n
Also Read: How SAP Business One Helps in Improving Sales and Marketing?<\/a><\/b><\/p>\nIf you\u2019re unable to find the \u2018Sales Order Without Deposit\u2019 query in the KPI window, you can navigate to the Tools > Queries > Query Manager > System option. This will prompt a list of \u2018Sales Orders Linked to Deposits\u2019 available in the SAP Business Over version of SAP HANA<\/b><\/a>.<\/p>\nAlso Read: SAP Business One on MS SQL vs. HANA \u2013 A Detailed Comparison<\/a><\/b><\/p>\nSetting the KPI Value<\/b><\/h2>\n
Setting KPI values in SAP Business One<\/b><\/a> is quite easy. You can start with the first column where the \u2018Value Settings\u2019 tab is present. You can drag the fields you want from the left column and drop them into the KPI box to set the KPI value easily. If you want to remove any field, just click on the X button on the KPI value and start again. This dragging and dropping mechanism makes it easier for anyone to assign values to their KPIs.<\/p>\nKPIs are often looked at during a given time dimension such as a week, month, year, or any other finite period. If you choose the month, for instance, you\u2019ll need to specify this in the drop-down menu that comes up after clicking on the responsible field for the KPI in question. SAP B1 has a very fast in-memory analytics platform that allows it to fetch results in real time if you change the month into a year.<\/p>\n
There are several ways of filtering the data available under the Filter and Parameters column. Users can filter data by customer name or any other parameter. They can even combine two separate KPIs into one by using the composite KPI tab.<\/p>\n
The \u2018Set KPI Goal\u2019 option present below the \u2018Set KPI Values\u2019 box allows you to set your own goals for the KPI. You can mention the KPI trend you want to track from the same window. This can happen over a month over same-month basis or on a month-over-month basis. It will have different KPI values depending on the Document Date.<\/p>\n
There is a checkmark icon above the query field column which you can click to save the KPI. You can then return to the main screen by clicking on the home button and you\u2019re done.<\/p>\n
Conclusion<\/b><\/h2>\n
This was a concise introduction to how you can create your own KPIs in SAP Business One. Goals give you the visibility of where your business is heading and what changes should be introduced to achieve those goals.<\/p>\n
Also Read: How this Pune-based ERP Solutions Provider is Helping SMEs Achieve their Business Goals?<\/a><\/b><\/p>\nSetting efficient KPIs is crucial for business growth and ensuring its sustainability. If you\u2019re a budding startup that\u2019s looking for ways to improve your performance using constructive KPIs, then Praxis Info Solutions<\/b><\/a> can help you. We have helped many businesses across sectors to achieve their goals and enhance their performance by developing and implementing the most effective KPIs. So, what are you waiting for? Contact us<\/b><\/a> today.<\/p>\n<\/div><\/div><\/div><\/div><\/div><\/div>Business Intelligence & Analytics<\/strong>..
\nPerfect enabler for insightful decision making. Call us on<\/span> +91-88050 25521\/18<\/a>\/19<\/a><\/span><\/strong><\/h3>\n<\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div><\/div>
KPIs or Key Performance Indicators are quantifiable ways of measuring the performance of a specific objective for a business over a given period. With the help of measurable KPIs, companies can set targets for their teams, establish milestones for analyzing progress, and extract insights that help the company make well-informed decisions. KPIs help in every domain of a business\u2014be it finance, operations, marketing, or HR.<\/p>\n
Measuring and Creating KPIs in SAP Business One is quite easy. Its data forecasts are not only helpful in measuring the present scenario and implementing changes but also provide actionable insights to make strategic decisions and improve business performance.<\/p>\n<\/div>
<\/span><\/div>SAP B1 allows you to create custom KPIs that are integral to your business and are engineered toward measuring specific targets for your business. Usually, there are four kinds of KPIs in SAP Business One to choose from\u2014Financial, Customer, Process, and HR and Innovation.<\/p>\n
Let Us Look at Them in Detail:<\/b><\/h2>\nFinancial KPI<\/b><\/h3>\n
Financial KPI focuses on the financial performance of the organization. It is used to analyze financial data.<\/p>\n
Customer KPI<\/b><\/h3>\n
Customers are the most important aspect of a business. Their experience, preferences, complaints, requests, and performance are some key insights that every business should collect. The Customer KPI in SAP B1 enables them to focus on this data and enhance customer experience.<\/p>\n
Process KPI<\/b><\/h3>\n
Process KPI measures the performance of internal business processes and operations of an organization. It provides insight into which processes are working better than others and any scope for improvement.<\/p>\n
HR and Innovation KPI<\/b><\/h3>\n
Employee-level training, performance, achievement, salary, and everything resource-related is taken care of through the HR and Innovation KPI.<\/p>\n
Creating a Simple KPI<\/b><\/h2>\n
For creating a simple KPI, you have to use the SAP HANA Fiori-style dashboard. Once you are on the dashboard, navigate to the \u2018Tools\u2019 option in the main menu. Then choose the \u2018Pervasive Analytics\u2019 option and open the \u2018Pervasive Analytics Designer\u2019. There are several KPIs already mentioned in the system as a standard practice under the \u2018My KPIs\u2019 section. Any new KPI created will be automatically added to the list.<\/p>\n
Also Read: Analytics and Reporting in SAP Business One<\/a><\/b><\/p>\n Click on the \u2018New KPI\u2019 button to start creating a KPI. This allows you to manually create a new KPI from the scratch. However, for this instance, we will stick to working with preconfigured KPIs described above.<\/p>\n Choose a preconfigured KPI as per your choice. Click on it and open it in the KPI designer. The first step is to change the name of the KPI and make it as per your use case such as \u2018Sales orders with Deposits\u2019. Preexisting queries of the KPI are present in the system and will come up on the left column of the KPI Designer. These can be used as the base for a new KPI. You can also view the SAP HANA Calculation views on the column that are usually available out of the box. These are ready for use as well.<\/p>\n By selecting a query, like the \u2018Sales Order Without Deposit\u2019 query, you\u2019ll be prompted with a list of fields associated with the query. These will show parameters such as \u2018Count\u2019, \u2018Sales Order No.\u2019, \u2018Customer Code\u2019, \u2018Customer Name\u2019, \u2018Total Amount of Order\u2019, \u2018Due Date\u2019, \u2018Document Data\u2019, and more.<\/p>\n Also Read: How SAP Business One Helps in Improving Sales and Marketing?<\/a><\/b><\/p>\n If you\u2019re unable to find the \u2018Sales Order Without Deposit\u2019 query in the KPI window, you can navigate to the Tools > Queries > Query Manager > System option. This will prompt a list of \u2018Sales Orders Linked to Deposits\u2019 available in the SAP Business Over version of SAP HANA<\/b><\/a>.<\/p>\n Also Read: SAP Business One on MS SQL vs. HANA \u2013 A Detailed Comparison<\/a><\/b><\/p>\n Setting KPI values in SAP Business One<\/b><\/a> is quite easy. You can start with the first column where the \u2018Value Settings\u2019 tab is present. You can drag the fields you want from the left column and drop them into the KPI box to set the KPI value easily. If you want to remove any field, just click on the X button on the KPI value and start again. This dragging and dropping mechanism makes it easier for anyone to assign values to their KPIs.<\/p>\n KPIs are often looked at during a given time dimension such as a week, month, year, or any other finite period. If you choose the month, for instance, you\u2019ll need to specify this in the drop-down menu that comes up after clicking on the responsible field for the KPI in question. SAP B1 has a very fast in-memory analytics platform that allows it to fetch results in real time if you change the month into a year.<\/p>\n There are several ways of filtering the data available under the Filter and Parameters column. Users can filter data by customer name or any other parameter. They can even combine two separate KPIs into one by using the composite KPI tab.<\/p>\n The \u2018Set KPI Goal\u2019 option present below the \u2018Set KPI Values\u2019 box allows you to set your own goals for the KPI. You can mention the KPI trend you want to track from the same window. This can happen over a month over same-month basis or on a month-over-month basis. It will have different KPI values depending on the Document Date.<\/p>\n There is a checkmark icon above the query field column which you can click to save the KPI. You can then return to the main screen by clicking on the home button and you\u2019re done.<\/p>\n This was a concise introduction to how you can create your own KPIs in SAP Business One. Goals give you the visibility of where your business is heading and what changes should be introduced to achieve those goals.<\/p>\n Also Read: How this Pune-based ERP Solutions Provider is Helping SMEs Achieve their Business Goals?<\/a><\/b><\/p>\n Setting efficient KPIs is crucial for business growth and ensuring its sustainability. If you\u2019re a budding startup that\u2019s looking for ways to improve your performance using constructive KPIs, then Praxis Info Solutions<\/b><\/a> can help you. We have helped many businesses across sectors to achieve their goals and enhance their performance by developing and implementing the most effective KPIs. So, what are you waiting for? Contact us<\/b><\/a> today.<\/p>\n<\/div>Creating a Custom KPI<\/b><\/h2>\n
Setting the KPI Value<\/b><\/h2>\n
Conclusion<\/b><\/h2>\n
Business Intelligence & Analytics<\/strong>..
\nPerfect enabler for insightful decision making. Call us on<\/span> +91-88050 25521\/18<\/a>\/19<\/a><\/span><\/strong><\/h3>\n<\/div><\/div><\/div>