Benchmarking is the first key step in the process of transforming the financial function. By performing benchmarking successfully you should be able to:

• correctly understand the current level of performance
• find potential areas for improvement, both short term and long term
• find industry best practices for every function
• get prepared for fixing performance problems
• correctly set performance measures

KPMG's Finance Benchmarking provides an expanding universe of companies, a software tool that simplifies the data-collection process, and hands-on analysis by professionals. As a result, you get an excellent diagnostic tool for helping to pinpoint those areas where your organization leads or trails competitors in your segment of the market, as well as leaders across industries.

KPMG’s Benchmarking areas, include: Revenue Management, Purchasing, Payment, General Accounting, Planning Processes, Asset Management, Treasury Management, Internal, Audit, Budgeting and Reporting and others.