boost decision support through bench marking

8/9/2019 Boost Decision Support Through Bench Marking

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With high levels of merger and acquisition activity,

the increasing use of Web-enabled technologies and

processes, and strong organizational growth, many

organizations want to gauge whether their key internal

processes are keeping pace and adding value.Benchmarking those processes can be a useful first

step toward enabling fact-based improvements.

KPMG Consultings World-Class Finance team

goes a step beyond traditional survey initiatives to

offer a comprehensive, results-oriented benchmark

and best-practice analysis that measures leading

indicators before helping customers take the next

step toward enhanced performance.

Becoming a virtual organization calls for an environ-

ment in which you link your customers more closelythan ever to your suppliers. Moreover, you can make the

organizational processes in betweensuch as finance

more frictionless than ever by executing transactions

with Internet speed while enabling better decision

making through dynamic analysis.

To provide customers with a road map for improvement,

our Benchmark professionals carefully examine an

enterprises finance function by comparing it with

leading organizations to quantify and highlight

opportunities for significant performance improvement.Through our established process, we can help

organizations determine which areas of potential

improvement should command their attentionand

help them understand the cost of not pursuing those

improvements.

The value proposition of benchmarking is clear.

Executed well, it can provide every organization with

a greater sense of how its doing and how to improve

its operations.

KPMG CONSULTINGS CAPABILITY:

A MULTIPLE-BENEFIT BENCHMARK

The depth and breadth of our cross-industry experience

enables customers to gain insight and knowledge from a

finance benchmark that includes a growing database of

more than 500 organizationsfrom the largest blue

chips to fast-emerging dot.coms.

In addition to helping customers determine which

transaction-oriented functions can be improved,

our Benchmark professionals go beyond traditionalbenchmarking to analyze such critical areas as

performance management, shared services, and

newly emerging purchasing processes.

Assisted by a software-enabled data collection tool, we

survey your teams to collect information about your

finance organization. We employ a common approach

for all organizations, using a rigorous set of definitions

for the data collected to ensure that the client can make

accurate comparisons and meaningful interpretations

of the data.

W O R L D - C L A S S F I N A N C EB E N C H M A R K I N G

C A P A B I L I T I E S O V E R V I E W

B O O S T D E C I S I O N S U P P O R T T H R O U G H B E N C H M A R K I N G

F I N A N C I A L S E R V I C E S


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Informational Gains

Assist finance leaders to measure the size andperformance of their organization

Obtain best-practice characteristics for each process,

particularly those that are most impacted by the adve

of Web-based technologies

Set a baseline against which future improvements can

be measured

Establish a TQM effort by using benchmarking on an

ongoing basis

Justify expenditure for new technologies and betterpractices

Cost Improvements

Estimate potential merger synergies of combining

finance organizations

Target and quantify potential areas for reducing cost

Measure finance costs to evaluate alternatives such as

outsourcing

SHARED SERVICE BENEFITSOrganizations operating shared service environments may

benefit from our Shared Service Network Partnership, a

highly focused study of shared service environments with a

select group of the largest, global

blue-chip companies. The study is designed to help

organizations optimize performance in existing shared

service environments.

HELPING TO IMPROVE YOUR BUSINESS

LOCALLY AND GLOBALLY

Since 1992, the centerpiece of our methodology has been aproprietary benchmarking survey that effectively distills

information and provides a comparison with other leading

worldwide organizations. Significantly, our Benchmarking

capabilities reach across a breadth of geographies, including

the United States, Canada, Latin America, Europe, Australia

and New Zealand, and are supported by a global team of

experienced professionals.

Our World-Class Finance Benchmark can help

organizations in three important ways:

Performance Improvements

Strengthen organizational focus on performance

issues

Quantify the benefit of improvements by

understanding the gaps between current

performance and that of world-class organizations

Develop a comprehensive profile of performance

measures

Quantify the benefit of shared services

Target opportunities for significant near-term

improvement

Prioritize remaining opportunities for improving

processes

WORLD-CLASS FINANCE BENCHMARKING2

W O R L D - C L A S S F I N A N C EB E N C H M A R K I N G

C A P A B I L I T I E S O V E R V I E W

INFORMATIONAL

GAINS

COST

IMPROVEMENTS

PERFORMANCE

IMPROVEMENTS

F I G U R E 1 MULTIPLE-BENEFIT BENCHMARK


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MOVING BEYOND SUBSCRIPTION SERVICES

Because benchmarking is the basis for significant decisionmaking, we work with our clients in a hands-on fashion

during the data collection phase. From experience, we know

that this heightened level of involvement leads to:

Greater data integrity

Reduced interpretive error

An opportunity to quickly identify improvement

opportunities

More insightfuland accurateconclusions and

recommendations

WHY KPMG CONSULTINGS WORLD-CLASS FINANCE

BENCHMARKING SERVICE?

We have delivered has provided a leading finance

benchmarking offering for more than eight years. Our

experience enables customers to benefit from a rich database

of comparative information that allows them to see precisely

where they lead or lag peers both within and across

industries.

www.kpmgconsulting.com

KPMG Consulting

1676 International Drive

McLean, VA 22102

1 . 8 6 6 . F O R . K C I N

Copyright 2001 KPMG Consulting, Inc. All rights reserved. Printed in the U.S.A.KPMG Consulting, Inc. is an independent consultin g company. 21 574HOU

THE BENEFITS OF WORKING WITH US ARE CLEAR

KPMG Consulting is one of the worlds most respectedbusiness advisors and systems integrators. We build

enduring relationships with our clients by helping them

create new business models and innovative solutions,

enabling organizations to leverage technology for

stronger return on investment and enhanced service

to their customers, vendors, and employees.

From business systems strategy to implementation, we

combine our industry knowledge with technology

experience to deliver results-focused solutions quickly.

By partnering with technology leaders, we provideclients ranging from small and medium businesses to

Global 2000 companies with best-in-class solutions

across every industry segment.

THE NEXT STEPS ARE EQUALLY CLEAR

If you would like to learn more about how we can help

your organization, please contact us at 1-866-FOR-KCIN

or visit our Web site at www.kpmgconsulting.com.

F I N A N C I A L S E R V I C E S

WORLD-CLASS FINANCE BENCHMARKING3

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