KPI

Due to the advancing digitalization of business sectors and increasing competitive pressures, industrial companies are forced to promote their own digital transformation to sustain on the market. Here, the literature regards the CFO as a key corporate function to induct digitization initiatives within organizations. The blockchain technology, due to its features of transparency, immutability and cryptography combined with its ability to coordinate data flows of e. g. the IoT or AI, constitutes a suitable instrument for the CFO to meet the requirements of the Industry 4.0. The results are improvements of business processes in regard to efficiency and automation, a relocation of the CFO’s strategic role, improvements of CFO-relevant KPIs through integrating machines into payment networks as well as the emergence of integrated business ecosystems facilitating new forms of inter-organizational collaboration.

Big Data Analytics and defined Key Performance Indicators (KPI) support the compliance organization´s scope of duty to continuously monitor and improve the compliance management system in a proper way. In order to perform their supervisory role, the management board needs a compliance monitoring and reporting on a regular basis. The article discusses the role of Big Data Analytics and the design of Key Performance Indicators (KPI) to establish an adequate monitoring and reporting system.

In many companies the performance measurement system has become confusingly complex. Therefore efficient production control and identification of potentials for improvement are not possible. The solution is a lean and customized production performance measurement system. Based on success factors KPIs are developed. These indicators allow it to visualize complex issues in a transparent way. The result is a tool, which helps organizations to plan, monitor, control and improve their performance.