Metrics to Support Executive Decision Making
This week's topic is metrics. To support executive decision-making and to facilitate understanding with colleagues in finance it's important to work from the same dataset. When you work from different data sets a lot of time is wasted resolving the discrepancies instead of focusing in on key findings. And the person receiving the surprise Friday 6 PM call from his or her CLO or CFO should have immediate access to the data set s/he's calling about. A good place to start is your top 5 or 10 matters, vendors and practice areas by spend, and invoice aging. What next level metrics do you typically include on your CLO/GC dashboard? Looking forward to your comment below or your own response post.