It is proven that Benchmarking is one of the most effective ways to improve operations and boost productivity. Benchmarks represent industry accepted standards and best practices, being valuable for every company.
Today, the expectations of finance functions within MNEs are higher than ever. Business Intelligence and Management Information are of great importance when it comes to internal and external reporting.
The CPMview Finance Benchmark provides an assessment of the status of your companies’ finance function and can be compared across multiple industries. The outcome of the survey allows you to enhance financial processes, to measure the quality of finance applications and to improve general performance. Benchmarking is on ongoing process of measuring performance against peers and leading practices.
CPMview Finance Benchmark – Objectives:
With our approach we provide companies practical improvements and best-practices. These recommendations and potential improvements are related to specific Financial Planning & Analysis (FP&A) processes, as well as specific accounting processes. Your survey answers will be used to improve financial transparency in a proactive way. Main objectives include:
“What a business needs most for its decisions – especially its strategic ones – are data about what goes on outside it.” – Peter Drucker
How does it work?
Finance executives and managers are encouraged to deliver accurate and timely financial information. Questions regarding common standards and best practices arise but are generally complex to answer.
How are other companies performing sales forecasts?
How long does it take others to close the books?
Do other companies face similar challenges in reporting?
These are common and conceivable questions Finance executives, managers and CFOs are asking themselves.
Benchmarking allows you to enhance processes, applications and general performance. It is an ongoing process of measuring performance against peers. Our survey contains a variety of questions related to your companies’ performance and efficiency. Subjects that are covered include Consolidation, Budgeting and Forecasting. The results gathered in our survey will be used to obtain the CPMview Finance Benchmark, of which results are graphically represented.
Would you like to sign up for taking the CPMview Finance Benchmark?