July 14

KPI’s and how they can help you!

Key performance indicators are crucial for any business, not only do they highlight areas of weakness, but they can also highlight areas of strength and opportunities. Of course, the KPI’s that are important to a business depend on the type of business and the vision of its owners and directors.

Here are some key KPI’s that could be useful to your business!

Financial KPIs

Revenue Growth – to track growth in revenue over a specific time period.

Profit Margin – an indicator of how much of your revenue is profit and not consumed by costs.

Break-Even – particularly useful for companies with seasonal revenue trends or businesses at an earlier stage in their journey. This calculation shows you the minimum sales you need to achieve to avoid making a loss.

Return On Investment (ROI) – measure the effectiveness of your investment by reporting on how much the investment is returning.

Working Capital – Assess the short-term financial stability by tracking if the company can cover any short-term liabilities with its current assets.

Debtor/Creditor Days – understand how quickly your customers pay you and your suppliers are being paid.

Operational KPIs

Inventory Days – this indicates how quickly inventory is being sold and replaced.

Revenue per Staff Member – this the revenue generated per staff member within an organisation.

Capacity Utilisation – a great measure of businesses with a set number of sellable units. I.e. a hotel and how many rooms are being booked throughout a period.

Order Fulfillment Rate/Time – understand how many of your orders are being fulfilled within a set time period.

Through sitting down with the Directors, we can establish the key KPI’s for the business and these help to analyse the performance of the business aligned with its goals.

A particular favourite of ours with our hospitality clients is the capacity utilisation KPI that allows us to assess busy and quiet periods as well as looking at how to increase the sales in the quieter periods.

Not sure which KPI’s can help you run your business? Speak to us today.

Hear From Our Satisfied Customers:

Professional, Efficient and lovely to work with. A welcome addition to our team. They are of the highest quality and by pass the hassle of recruitment. Couldn't recommend them more. Bookkeeping and management accounting team are excellent!

Mahesh Hira

Texet

Google review

I would highly recommend Cura Accounting Ltd. Having worked alongside the Cura team for almost a year now, we are extremely happy with the service provided. The transition from accounting internally to using them as a supplier was handled efficiently and professionally and within no time it was like we had always worked together, this has enabled us to focus on our customers and has helped create growth.

David Garvey

Crown Services Organisations Limited

Google review

Rachel has been incredibly supportive and we are very grateful to work with her! Managing our books has never been simpler.

Adam Miller

Rolled LTD

Google Review

Becky is an asset to Cura and offers a lot of indispensable support to my team at K&N. The team at Cura have worked with K&N through some challenging times and Becky takes this in her stride supporting my team efficiently and punctually. Becky is reliable, supportive, responsive, and always acts with a helpful, professional attitude. No task is too small, and no challenge is too big, and we are grateful for her ongoing commitment to ensuring K&N continues to move forward. My team and I would recommend Becky to any company who are looking for a safe pair of hands as they consider outsourced financial services.

Leigh Tomlinson

K&N Filters

In Person

Cura are professional and efficient with staff that are courteous yet firm when doing my book keeping
Exactly what is needed:)

John Mccann

Agilescopes LTD

Google Review

Chelsea has greatly improved our credit control processes through consistent updates, thorough investigations, and accurate reconciliations. I highly recommend Cura Accounting for their exceptional service.

Daniel Holstenberg

Timmins Group

Google Review

I wanted to take a moment to recognize the fantastic work that Charlotte does for us here at K&N. I’ve worked with Charlotte since I joined K&N leading the international business 5 years ago and over this time, Charlotte has always demonstrated a tenacious attitude with meticulous attention to detail. She is super reliable, extremely responsive and brings a lot of value to K&N. I’ve also noticed how she can effortlessly pivot from the small task to the longer-term strategic approach which is a skill that not everyone has. I would have absolutely no issue recommending Charlotte and the services of Cura to any company who are looking for outsourced financial services.

Leigh Tomlinson

K&N Filters

In Person

We recently moved our day to day accounting to Debbie and her team at Cura. Angie is our account manager and has been brilliant. Always contactable and has a smile on her face. We now realise we should have outsourced it sooner and would thoroughly recommend them to others. They have been efficient, contactable and helped whenever needed. A five star service from them all and cost effectective. Well done.

Nick Swift

Lamb & Swift

Google Review

We needed some urgent assistance and Cura Accounting were great. Angie was our account manager and she has been fantastic, very switched on & very supportive.
Would recommend them again at a moments notice.

Mike Bullen

Bullen Conservation Limited

Google Review

Angie and Donna are very knowledgeable really helpful to our SME accounts team on the workings of Xero. They also guided us on general housekeeping including processing of invoices and control around VAT and fixed assets. Can highly recommend if you want to make sure you are getting the best use out of your accounts package.

David Fox

Tampopo Ltd

Google Review

Outstanding service from start finish !! Cura's attention to detail is second to none and nothing is too much trouble. We have worked with Dan for over a year now and his contribution to our business is fantastic I would highly recommend Cura to any company looking for a professional accountancy firm who go above and beyond.

Matt Cullen

Impala Transport Solutions

Google Review

We have been a customer now for over 2 years, the service is always very attentive and the time freed up by having a weekly bookkeeper is astonishing, worth every penny. Keep it up!

Rhys Hainsworth

Target Tyres

Google Review

Lianne and the payroll team at Cura go above and beyond every week. They have been doing the weekly and monthly payroll for us for approximately 90 staff every week for the last couple of years and we can’t fault them, any queries we have are dealt with quickly and efficiently. We would definitely recommend them!!

Jenny

Wigan Pubs Ltd

In-person review

Debbie and her team at Cura have worked alongside us with our financials for many years and I can highly recommend them.
Debbie, Gillian and Linda all spend time on site with our team and provide a brilliant and friendly service from beginning to end.
I trust them all with every element of what they do. Reliable, professional and very dependable.

Kim Coward

Blue Spot Tools

Google review

I love working with Tina at the Red Hall, she is really friendly and fits right in. Tina is very thorough with her work and Mondays would not be the same without her. Thank you!

Selina Li

Red Hall Hotel

Google Review

We're very happy with the service we receive from Cura Accounting. The team have worked with us through challenging times and taken it all in their stride, ensuring we have robust controls and processes in place to support our business. Gillian, Antoinette and the wider team are great to work with, always helpful and professional. We would recommend Cura Accounting if you are looking to outsource some or all of your finance function.

Ian Kilby

LCR Operations LTD

Google review