January 2024
Intermediate to advanced
720 pages
17h 20m
English
Two types of benchmarking can be useful in evaluating performance and identifying improvement opportunities:
For many years consultants and trade organizations have collected cost and performance data on various business processes or functions. Examples include:
For example, these studies allow you to compare the cost of finance and key processes in your organization to the costs of companies included in the study. Most surveys emphasize the importance of using consistent definitions since the scope of finance functions may vary from organization to organization. These surveys are very useful in identifying performance gaps and improvement opportunities, especially in transaction ...