KPI stands for Key Performance Indicators, and it serves as a metric to measure the success of an organization’s business activities. Monthly KPIs allow companies to track their progress over time by providing an easy-to-understand snapshot of how they’re doing in the marketplace each month. It measures factors such as customer satisfaction, revenue, market share, and other key areas of performance relative to industry peers. By tracking these KPIs month-by-month businesses can identify successes, as well as areas that need improvement. This feedback helps them stay ahead of the competition, while setting realistic goals and objectives.