How can KPIs be monitored effectively within Workday Prism?

Centralized dashboards are an effective way to monitor KPIs within Workday Prism because they allow for real-time visualization and analysis of key performance indicators. These dashboards consolidate various data sources and present them in an easily digestible format. This enables users to track performance against targets and goals efficiently, as well as make informed decisions based on the most current data.

Additionally, centralized dashboards can accommodate dynamic data updates, ensuring that users are always viewing the latest information. They often include features such as drill-down capabilities and customizable views, highlighting trends and insights that are crucial for decision-making. This integrated approach enhances collaboration among different teams and departments, as everyone can access the same data in one place.

While other methods like external reporting tools or manual data entry can be useful in certain contexts, they lack the immediacy and interactivity provided by centralized dashboards. For example, external tools may not integrate seamlessly with Workday data in real time, and manual processes can introduce the risk of errors and lag in data availability. Collaborative spreadsheets, while helpful for group work, do not provide the same structured and cohesive overview of KPIs tailored for ongoing monitoring as centralized dashboards do.