What distinguishes KPIs from regular metrics in OneStream?

Key Performance Indicators (KPIs) are specially designed to measure and assess the progress toward achieving specific business objectives. They are crucial for organizations because they align closely with strategic goals and provide quantifiable metrics that allow businesses to evaluate their performance effectively. Unlike regular metrics, which can provide a wide array of data points without direct relevance to strategic goals, KPIs are targeted measures that specifically indicate how well the organization is performing against its objectives.

For example, while a regular metric might track overall sales numbers or website traffic, a KPI would specifically measure sales growth as it relates to a target increase set for a particular quarter or year. This focus on business objectives is what sets KPIs apart and makes them an essential tool for decision-making and performance management within OneStream and other enterprise performance management systems.

In summary, the distinction lies in KPIs' direct correlation to an organization's strategic aims, which helps in driving performance improvement and achieving desired business outcomes.