The Benefits of Benchmarking

A benchmark is a process of comparison against a standard point of reference where one can measure or compare actual performance.

 

We capture your financial data, then illuminate it in a competitive context so you can make clear, informed decisions.

 

 

How does your company stack up?

Benchmarking is a way of discovering if your best performance is being achieved. This information can be used to identify gaps in your organization’s processes in order to achieve an advantage in your operations and against your competitors. Greenlight advisers help you discover the power of benchmarked data.

Competitive benchmarking is used when a company wants to evaluate its results compared to past performance or compared to competitors within their own industry. In addition, competitive benchmarking is used when a company needs to identify standard industry performance targets. When compared to peers or competitors, external benchmarking can help you identify weaknesses that will help your company catch up to the competition that may be outperforming you. In addition, it helps your management team and workforce become more accepting of new ideas and influences.


Benchmarks can allow you to:

 

Gain an independent perspective on how well you perform compared to other companies.

Drill down into performance gaps to identify areas for improvement.

Develop a standardized set of processes and metrics.

 

Enable a mindset and culture of continuous improvement.

Set performance expectations.

 

The Illuminating Indicators

 
 

GREEN MEANS GO

When you get the green light, hit the gas. Keep moving forward and picking up speed. This is when you know your finances are performing and the road is wide open before you.

 

YELLOW MEANS SLOW

When we give you the yellow light, you should proceed with caution. Look at the numbers carefully and make smart choices to keep moving forward.

 

Red means no

Here’s where we stop. Red is the color of alarm. But always keep calm because, with the right information, you can remedy the red to get back on track.

 
 

 How does your company stack up?

Benchmarking is a way of discovering if your best performance is being achieved. This information can be used to identify gaps in your organization’s processes in order to achieve an advantage in your operations and against your competitors. Greenlight advisers helps you discover the power of benchmarked data.

Competitive benchmarking is used when a company wants to evaluate their results compared to past performance or compared to competitors within their
own industry. In addition, competitive benchmarking
is used when a company needs to identify standard industry performance targets. When compared to peers or competitors, external benchmarking can help you identify weaknesses which will help your company catch up to the competition that may be outperforming you. In addition, it helps your management team and workforce become more accepting of new ideas and influences.

Benchmarks can allow you to:

  • $  Gain an independent perspective about how well you perform compared to other companies.

  • $  Drill down into performance gaps to identify areas for improvement.

  • $  Develop a standardized set of processes and metrics.

  • $  Enable a mindset and culture of continuous

    improvement.

  • $  Set performance expectations.

    Our reports help paint you a picture

    The reports (sample shown at right) tell you the whole story based on your company or industry standard benchmarks. How you stand up to them is displayed in an easy-to-read and understand format using our green-yellow-red light methodology. You can quckly see where you are doing well, and where you need to “up your game”.

 

Let’s GO, together.

OUR REPORTS: What does your data say?

GREEN MEANS GO

When you get the green light, hit the gas. Keep moving forward and pick- ing up speed. This is when you know your finances are performing and the road is wide open before you.

YELLOW MEANS SLOW

When we give you the yellow light, you should proceed with cau- tion. Look at the numbers carefully and make smart choices to keep moving forward.

RED MEANS NO

Here’s where we stop. Red is the color of alarm. But always keep calm because, with the right information, you can remedy the red to get back on track.

We capture your financial data, then illuminate it in a competitive context so you can make clear, informed decisions. Contact us today to learn more about our tools and consulting services.