What formula types can be selected for KPI scorecards?

KPI scorecards in NetSuite SuiteAnalytics allow for a comprehensive view of key performance indicators through various formula types. The inclusion of formula (currency), formula (numeric), and formula (percent) offers flexibility in how businesses can measure and present their performance metrics.

Choosing a formula (currency) allows users to calculate financial metrics, such as revenue or expenses directly related to monetary values. A formula (numeric) can be used for other quantitative measures, such as the number of items sold or customer counts, providing raw numerical data helpful for diverse analyses. Finally, the formula (percent) is essential for calculating ratios or growth percentages, which are critical for understanding performance trends over time.

This variety means users can tailor their KPI scorecards to provide a richer and more nuanced analysis of their business performance, accommodating different reporting needs and objectives. The ability to select from these three distinct formula types makes it possible to create a more sophisticated and effective dashboard for monitoring organizational goals and performance metrics.