What is Falcony KPIs?
Falcony KPIs is either a standalone product or an add-on to other Falcony Products that can be used for tracking any numeric KPIs.
Falcony = Data collection & Aggregation
Falcony KPIs support KPI tracking with:
Manual observation templates (chosen employees input the numbers on a recurring basis)
Automation using Falcony's Open Link API
excel imports either as a service by Falcony or by Customer's admin users
This way depending on the KPI, you can use any or all of the options above and from any number of source systems (e.g. integrate work hours from HR system and Energy Usage from Maintenance Management System).
Power BI = Data Visualization & Reporting
With our ready-made Power BI report template the KPIs go automatically into a single dashboard to help with KPI tracking, management reporting and insight generation:
How to implement Falcony KPIs?
Falcony KPIs require at the moment our onboarding to set up the relevant data fields for Power BI readable format (more specifically integration meta field needs to have relevant details).
From Customer's perspective, what is needed:
Decide 12 KPIs you want to keep track of in a single dashboard
Decide the methods for data input for each KPI (manual forms in Falcony, Open Link API, excel import)
Wait for Falcony to set them up
Get Power BI up and running (either by yourself or with the help from Falcony)
Set targets in Power BI for each KPI
Different types of KPIs Falcony support
Whole Number & Cumulative
Whole Number & Snapshot
Numeric (1 or 2 decimals), Cumulative
Numeric (1 or 2 decimals), Snapshot
Percentage (0, 1 or 2 decimals), snapshot
In addition to above each KPI requires a definition whether you want to increase or decrease the number. This defines whether the KPI goes red vs. green in comparison to the target.
How to get most out of Falcony KPIs
Falcony KPIs work well when used for each specific area of responsibility separately. E.g. you can have one KPI dashboard for safety covering KPIs such as:
Total Days lost to injury or illness
Lost Time Injury Frequency Rate (LTIF)
Total Recordable Incident Rate (TRIF)
Medical Treatment Injury Rate (MTIF)
Number of Safety Inspections / Audits Completed
Safety Training Completion Rate (%)
Number of Toolbox Talks / Safety Meetings Held
Safety Reporting Rate
Safety Adoption Rate (%)
But then you could have another dashboard for Security and Loss Prevention including other KPIs, for example:
Number of Thefts and Shopliftings
Losses by Thefts
Losses by Damages
Gross Loss Value
Number of Security Incidents
Internal Theft Cases Identified
Number of Security Inspections
Average Security Inspection Score
Percentage of Staff Trained in Loss Prevention Procedures
Loss Prevention Training Completion Rate (%)
Power BI functionalities include interactive powerpoint export, making the management reporting even easier.
Costs associated with Falcony KPIs
There are both setup fees and ongoing fees associated to Falcony KPIs, but depending on what you already have in use, not all of them are relevant:
One time fees:
Falcony KPIs Setup
Power BI setup, training and connection (voluntary, can be done without Falcony)
Open Link API setup and training (voluntary, can be done without Falcony)
Power BI Consulation (if Power BI dashboards require changes - voluntary)
KPI consultation (if Customer wants workshops about what KPIs to track, how often, how to set targets for them or how to break strategy down into relevant KPIs - all of these voluntary as well)
Ongoing fees:
Add-on fee of Falcony KPIs
Database connection integration (if already paid, not applicable)
Open Link API integration (if already paid, not applicable)
Excel Imports as a service (can also be hour by hour based on separate offers)
If you want an offer, reach out to us.