Added Value

Benchmarking

Many of our most successful clients have asked us to benchmark their business to help them see how they compare with other similar businesses. This allows our clients to see how well they are doing but more importantly where they can improve. To do this, we have joined forces with other leading firms of accountants to co-fund the development of the UK’s largest financial benchmarking database.

Benchmarking is a process used in management and particularly strategic management, in which we can evaluate different aspects of the business, in relation to best practice, within the sector. From this we can develop plans on how to adopt best practices with the aim of improving some aspect of performance.

Advantages

Benchmarking is a powerful management tool because it overcomes ‘paradigm blindness’ – summed up as the mode of thinking i.e. “The way we do it is the best because this is the way we’ve always done it.” Benchmarking opens up new methods, ideas and tools to improve effectiveness. It helps crack through resistance to change by demonstrating other methods of solving problems.

The procedure we follow for you:

1. Identify your problem areas
2. Identify other industries that have similar processes
3. Identify organisations that are leaders in these areas
4. Survey companies for measures and practices
5. Visit the ‘best practice’ company to identify leading edge practices
6. Implement new and improved business practices

What you receive

1. A useful report which gives you the facts and figures on where your real strengths and weaknesses lie.
2. Choice of a short summary report or a more detailed and comprehensive version
3. Money back guarantee, if you don't find the information provided useful we will refund your payment.