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Strategy Execution

8 Best KPI Software Tools To Hit Your Strategic Goals (2022 Guide)

Today, there are two types of businesses: those that use key performance indicators (KPIs) to track business performance and those that fall behind and choke on their competitor's dust.

If you want to tap into the power of data-informed decisions to get ahead, you need reliable KPI software.

The days of messy, disconnected Excel spreadsheets are long gone. If your strategy and hopes for growth still rest on yesterday's tech, you don't stand much chance of keeping pace with tomorrow's disruptors. 

This article will explore the best KPI software to drive strategy execution and business performance. By the end, you’ll have the crucial information to decide which is the best choice for you to monitor performance and turn your company's strategic plans into action.

#1 Strategy Execution Platform Say goodbye to strategy spreadsheets. It’s time for Cascade. Get started, free  forever

The Best 8 KPI Software Platforms in 2022

When you consider the options in data analytics solutions, project management, business intelligence, and CRM platforms, there are dozens of tools you could use for KPI reporting in 2022. So, how do you choose?

This guide narrows the choice down to what we believe are eight of the best KPI software tools for innovative businesses. We looked for KPI reporting software that meets high standards across the following criteria:

  • Ease of use (including user interface and learning curve)
  • Integration capabilities with other tools
  • Real-time functions for tracking and alerts
  • Reporting capabilities (including features like visualization, customized dashboards, export capabilities, and time intervals)
  • Security
  • Suitability to be used across large teams and organizations

With that in mind, we’ll give you the lowdown on our platform, Cascade, and analyze some of the key features of other popular KPI tracking and reporting tools in the market. 

1. Cascade

cascade kpi software

Cascade is one of the highest-rated strategy execution platforms with powerful KPI features used by super-efficient teams in small and large companies.

From KPI tracking to reporting, Cascade is the ultimate KPI software

With 1000+ integrations, you can track all important data in one place, and stop hopping around tools. This single source of truth improves team efficiency and keeps everyone focused on metrics that matter. 

You’ll be able to quickly identify underperforming areas that need more attention and make key business decisions faster. 

On top of that, you can use Cascade to connect KPIs to strategic objectives, which makes it easy to measure progress towards your goals. 

There will be no more hours of sorting through business data from various sources and then organizing them into a coherent presentation. 

Imagine saying goodbye to unpleasant surprises and awkward reports to the higher-ups because you didn’t have the latest data.

Here’s how Cascade can help you with KPIs: 

KPI software: Track and measure progress in real-time by adding the right KPIs to your strategic objectives - so you and your team can stay focused on what matters for success. 

Customizable KPI dashboards & reports with a drag-and-drop interface: Make confident, informed decisions and build compelling narratives with beautifully visualized data available at your fingertips.

kpi widget feature

Easily add tables, graphs, pie charts or heat maps with Cascade’s widget feature.  

A central hub to monitor progress towards your strategic plans and objectives: Connect every objective, project & KPI in one place, so you can ditch the spreadsheets, powerpoints, endless meetings & painful reports.

cascade kpi software screenshot

Align your teams around important KPIs: With Cascade GoalDeck, you can easily track your or your team's KPIs. 

feature-GoalDeck-GoalDeck

Group and sort your KPIs by status, priority, progress, due date, or owner.

Library of practical free strategy templates: Cascade lets you easily create and launch your strategy any way you want, such as change management, health & safety, or retail strategy. Set your KPIs and start executing. 

Pros

  • Auto-track your KPIs and say goodbye to manual reporting 
  • Export your reports in PDF or Excel (CSV) format
  • Easy-to-use user interface 
  • Customizable tracking and notification options
  • Customizable chart views and graphs
  • Helps managers identify and eliminate bottlenecks with real-time heatmaps
  • Can quickly assign KPIs to any team member to boost accountability and efficiency
  • Access settings on 5 levels: Don’t share, Share with the entire organization, Share with permission level, Share with specific people, Transfer ownership
  • Extensive knowledge base to help you get the best out of Cascade
  • Powerful data integrations with other tools like Power BI, Tableau, Salesforce, Excel, Microsoft Teams and Google Analytics. 

With Cascade, you will have everything you need to stay on track and make data-informed decisions faster.

Cons

  • The free trial is only 14 days (Update: Cascade has a free forever plan for smaller teams with up to 4 members)

Reviews

4.8 stars out of 5 on G2 (based on 177 reviews)

Pricing

  • Cascade has a free version for smaller teams (up to 4 team members)
  • Teams plan starts from $24/month per user (with unlimited dashboards)
  • Enterprise plan: Book a 1-on-1 tour and receive a tailored quote
#1 Strategy Execution Platform Say goodbye to strategy spreadsheets. It’s time for Cascade. Get started, free  forever

2. Tableau

cascade vs tableau

via Tableau

Tableau is an interactive data visualization platform and business intelligence tool. Whereas Excel is limited to spreadsheets, Tableau brings data to life with visual analytics, so you can quickly understand data, make better decisions, and solve problems—enough to make your CFO giddy with excitement. 

What you get with Tableau: 

    • Interactive dashboards: Create AI-driven statistical models and interactive visualizations that capture people’s attention and make it easy to explain data.
    • Drag-and-drop: An intuitive feature that makes it easy for anybody to get started with data analysis.
    • Integration with Cascade: You can connect Tableau with Cascade to import your data. You can also use Zapier to set up automation between these tools.

Pros

  • Team access
  • Real-time reporting
  • Centralized dashboard to view everything in one place

Cons

  • Expensive license
  • Requires advanced knowledge to get the most value
  • It can get a bit slow when handling larger data sets
  • Lacks customization features

Reviews

4.4 stars out of 5 on G2

Pricing

  • Tableau Viewer: $15 user/mo 
  • Tableau Explorer: $42 user/mo 
  • Tableau Creator: $70 user/mo 

3. Power BI

cascade vs power bi

via Microsoft Power BI

Microsoft Power BI is a powerful business intelligence tool that makes it easy to create and share visual KPI reports. It’s all about customization, which gives your teams the chance to analyze and report on data in ways that make it more engaging and user-friendly. Finally, your company can have presentations that don’t send everyone to sleep!

What you get with Power BI: 

  • Cloud-based: It’s easy to create and share data visualizations across multiple data centers, which is great for collaborating on reports with remote teams. 
  • Time-saving: Microsoft BI has a no-limit Azure data lake. In simpler terms, that means you won’t waste a ton of time trying to access and pinpoint the data you need. The AI makes it quick and easy to prep your data reports, even if you’re not a data scientist.
  • Excel integration: As a Microsoft product, it’s no surprise that you can connect Excel to share reports and models with your team. 

Pros

  • Easy sharing features
  • Excellent data visualization
  • Simple integration with Microsoft Office apps

Cons

  • Steep learning curve
  • Compatibility issues with non-Microsoft applications
  • Limited ability for multiple people to collaborate in the same file.

Reviews

4.4 stars out of 5 on G2

Pricing

  • Power BI Pro: $9.99 user/mo 
  • Power BI Premium: $20 user/mo 
  • Power BI Premium: $4,995 capacity/mo 

4. Databox

cascade vs databoxvia Databox

Databox is a cloud-based business analytics platform that has built a lot of hype in recent years. This tool gives companies a single interface to view all their KPI reports to assess performance and guide decision-making.

When you have Databox in-house, your team can focus on the business metrics that matter, so your strategy and the decisions around it are based on a solid foundation of reliable data insights. 

What you get with Databox: 

  • Integrated dashboard: Mix and match your KPIs from many different sources into a single dashboard, so you can avoid the hassle of hopping between multiple platforms.
  • Customizable dashboards: You can build your own customizable dashboards to track KPIs and set up custom views—all without coding skills.
  • Integrations: Automatically connects your tech stack with over 70 integrations to popular tools for marketing, social media, and sales.

Pros

  • Clear, easy-to-use interface
  • Easy to send and share reports
  • Can update data in real-time

Cons

  • Expensive upper tiers
  • Lacks extensive customization features related to reporting 
  • Limited access to simultaneous dashboards

Reviews

4.4 stars out of 5 on G2

Pricing

  • Free-forever account, which includes all standard features
  • Starter: $72/mo 
  • Professional: $135/mo 
  • Performer: $231/mo 

5. Sisense

cascade vs sisense

via Sisense

Sisense is an end-to-end data business intelligence platform to help companies get more context around their data. You can use it to merge data from multiple sources and build visually stunning reports that give people more clarity about your performance.

What you get with Sisense: 

  • BI software dashboard: You can combine complex data from different sources into actionable KPI reports that offer your team actionable insights. 
  • Finance KPIs: Track KPIs related to financial status to assess ROI, profits, expenses, acquisitions, and investments.
  • Customer service monitoring: View customer service performance with related KPIs, like support tickets, call center stats, and customer satisfaction NPS score.

Pros

  • Secure data handling
  • Excellent customer support
  • Effective data discovery tools

Cons

  • Tricky learning curve
  • Permissions settings—only the owner of dashboards and folders can publish changes.
  • A heavy app that can overwhelm systems and slow loading times

Reviews 

4.5/5 stars based on reviews on Capterra

Pricing

Sisense doesn’t openly share its pricing on its website. While this lack of transparency may deter some people, Sisense asserts that it “is committed to ‘no-surprise’ pricing.” The company will “work with you to create a customized solution that specifically meets your needs and fits your budget, whatever your use case.”

6. Klipfolio

cascade vs klipfolio

via Klipfolio

Klipfolio is a lightweight dashboard platform businesses can use across multiple devices, including TVs and mobile devices. It suits small startups to bigger enterprises, helping your teams expand access to KPI reports. Klipfolio also aims to give you greater real-time visibility across your organization's performance—which is great for supply chain risk management

What you get with Klipfolio: 

  • Comparative functionality: It’s easy to pick and compare stats across specific periods.
  • Reports: Build and share interactive reports and data visualizations about your performance with key stakeholders
  • Custom connectors: You can hook up your tech stack with connections to hundreds of data sources.

Pros

  • Access your data from anywhere
  • A sophisticated data visualization editor
  • Includes pre-built dashboard templates

Cons

  • Confusing documentation
  • Inability to organize or edit templates
  • Tricky to send and share dashboards with your team

Reviews

4.7/5 stars on GetApp 

Pricing

  • Free
  • Plus: $99/mo
  • Pro: $229/mo

7. SimpleKPI

cascade vs simplekpi

via SimpleKPI

As you might guess, SimpleKPI is a platform that makes KPI tracking and reporting easier for businesses. This software is a user-friendly option that will suit technophobes and small companies that don't have data experts to manage their reports. 

The KPI dashboard software focuses on ease of use and colorful visuals so that you can get more value from your data without the hassle of a steep learning curve. 

What you get with SimpleKPI: 

  • Intuitive user interface: It’s super easy for new users to get to grips with the dashboard. 
  • Alternate dashboard views: You can view your performance data as graphs, charts, or tables, to help you communicate your ideas and findings better to your team.
  • Export tool: For the old-school fans, there’s an easy export tool to turn your advanced KPI report into your favorite old file formats like PDF, Word, or Excel.

Pros

  • Customizable KPI Reports
  • Interactive charts and graphs
  • Easy to share reports, dashboards, and analytics

Cons

  • Incompatible with iOS and Android devices
  • Lacks some features for budgeting and forecasting
  • Fixed monthly fee is very high considering the basic functionality

Pricing

SimpleKPI starts from $99 per user per month. There are no tiers and no free version. Pricing information is current on the SimpleKPI website as of May 19, 2022. 

8. Smartsheet

cascade vs smartsheet

via Smartsheet

Smartsheet is a spreadsheet-style project management software for businesses that manage multiple large projects with a myriad of moving parts. This program is trusted by over 72% of the Fortune 500—which is incredible when you consider that it’s really just a superpowered spreadsheet tool.

If you feel held back by Excel (who doesn’t?), then Smartsheet is a solid upgrade that will help you manage workflows and improve collaboration.

What you get with Smartsheet: 

  • Easy collaboration: You can share your reports with your team members or get together on specific activities.
  • Automated alerts: Make sure you never forget any important milestones or deadlines.
  • Visual reports: Help your people connect their roles to the big picture with visual reports that show your employees how their work influences the company vision.

Pros

  • Automated workflows across spreadsheets
  • Integrate with popular apps like Tableau, Excel, and Qlik Sense
  • Support hybrid spreadsheets to share cross-department data

Cons

  • Very steep learning curve
  • Can’t align KPIs with strategic objectives 
  • Spreadsheets don’t automatically update changes for all collaborators
  • More expensive than alternative spreadsheet software solutions

Reviews

4.4/5 stars on G2

Pricing

  • Pro: $7 user/mo 
  • Business: $25 user/mo 
  • Enterprise: Contact for custom quote

Recommended reading: Better Than Smartsheet: 5 Alternatives You Don’t Want To Miss In 2022

It Starts with Tracking, and It Ends with Strategy Execution

There are at least 84 KPIs you can monitor in your business. But if you're going to track any at all and actually learn from the data, you can't do it with a spreadsheet. The longer you cling to existing systems, the less you grow.

KPI software is the smart choice to help you unlock more value in every initiative, project and employee. It's not just about tracking progress and automating reporting—it's the journey to successful strategy execution and optimized business performance. 

When you want to pick a tool, you need a platform that enables you to do the following:

  • Know the status of your strategy in real time. Your KPI software must allow you to track the progress and success of your strategic initiatives automatically.
  • Minimize context switching. You can connect your favorite tools with integrations to manage everything in one place.
  • Give everyone access to the same data. You can improve collaboration when you keep your entire organization on the same page and ensure alignment across the business. 
  • Drive fast strategic adaptability react quickly and effectively communicate to keep all the stakeholders in the loop. You must be able to identify risks before it's too late. With a great platform, you 

After reviewing all the options, we're confident that Cascade is the best KPI software available right now (and probably, ever). Our all-in-one strategy execution platform has everything you need to get your team moving toward your vision.

#1 Strategy Execution Platform Say goodbye to strategy spreadsheets. It’s time for Cascade. Get started, free  forever

 

Topics:Strategy ExecutionPerformance Management

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