Monetary value your company is receiving from the latest charges made to customers.
The Value of New Charges sums the monetary value of all new charges your company has made in the last period. Usually calculated on a monthly basis, you can always adapt the period depending on the number of charges you work with.
This is a relevant metric for your finance team to monitor.
The Value of New Charges is important because when taken in context with other KPIs, it provides a good overview of your current financial situation, particularly regarding new charges. You can also base strategic business decisions on the accurate insight you obtain from this KPI.
To keep tabs on how your current charges value compares to previous periods, visualize it on a line or area chart.
Other KPIs like Value of New Charges include: