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KPI

Learning about Key Performance Indicators.

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What to know about KPI

Sales Invoice: This is the amount of sales invoice done for the previous month.

Avg. Approval: This is the average approval amount over a 90-day timeframe.

Avg. Ticket Price: This is the average funded lease amount over a 90-day timeframe.

Utilization: The percentage of the approval utilized.

Example

  • Approval: $1000
  • Funded Deal: $500
  • Utilization = 50%

Missed Invoice Opportunity: The sum of all approval amounts that were not converted to a lease in the last 90 days.

Example

  • Applications Approved: 30
  • Leases Converted: 20
  • Unconverted Lease: 10
  • Avg. Approval: $1000
  • Missed Invoice Opportunity = $10,000