Finance function benchmarking

Every optimization and development initiative should be based on objective and relevant data or indicators. On one hand, it will improve the accuracy of diagnosis, and on the other hand it will help to convince stakeholders to implement necessary changes. Achieving these is especially important for the finance function, for which the need of transformation has never been more urgent. Benchmarking proves to be an ideal tool for measuring effectiveness in your organisation and comparing it to competitors.

Gekko advisoryNOW will conduct complex benchmarking analysis of the finance function. As a result, you will get faster and more objective diagnosis of financial processes in your organisation. Our consultants will, among others:

  • Selection of indicators or measuring effectiveness of finance function (based on organization needs and best practices),
  • Calculating performance indicators of particular functions, processes and subprocesses,
  • Comparison of performance indicators between different business/geographic units (internal benchmarking),
  • Comparison of performance indicators with peer companies (external benchmarking),
  • Variance analysis, root causes analysis, designing optimization activities.

When working with us, you will be able to identify efficiency gaps and problems that need to be solved. What is more, we will equip you with hard data proving which exact processes or activities in finance function are more effective in your organisation versus competitors. In other words, we will provide you with an opportunity to plan and implement sharper and more focused optimisation as well as more precise and easier to measure assessment of the end result.