Benchmark Finance and Accounting: Build Your Foundation and Achieve Measurable Process Improvement

Topics:
Analysis,
Audits,
Benchmarking,
Business Process Management,
Change Management,
...
Tags:
Accounting,
APQC,
Benchmarking,
Finance,
Process Improvement
Source:
APQC

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Overview: Benchmarking can reduce costs and cycle times and ultimately provide a competitive advantage. But organizations face many pitfalls in the early stages of the benchmarking process, such as starting with too broad a scope or not allowing enough time for data collection. Download this paper to learn the basics of APQC's benchmarking methodology:

  • Plan
  • Collect
  • Analyze
  • Adapt
Organizations usually develop benchmarking metrics in four categories: cost effectiveness, staff productivity, process efficiency, and cycle time. This paper also will explain five potential challenges to successfully using these metrics. Finally, you'll see highlights from APQC's Open Standards Benchmarking Collaborative applied to the area of accounting.

(Is this item miscategorized? Does it need more tags? Let us know.)

Format: PDF | Pages: 32

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