The Case for Benchmarking Finance and Accounting

The age-old practice of business benchmarking is entering a new era. Today’s cloud-based business systems are able to quickly and efficiently create and monitor process benchmarks to provide companies with ongoing assessments of how well they are executing processes compared to the best-performing organizations and averages in the industry. This process is useful for supporting a continuous improvement approach to managing the finance and accounting function and is an effective means to begin a conversation around creating sustainable performance improvements.