- June 27, 2019
- Member: FREE
Benchmarking is an important activity for any organization: Knowing where it stands relative to others (or relative to itself in the past) allows an organization to dig more deeply into the strength of its performance and identify opportunities for improvement. Reviewing a balanced set of KPIs and benchmarking the organization internally and externally is something every CFO should do regularly to help ensure sound financial performance for the organization.
This article draws from APQC’s Open Standards Benchmarking database to examine and discuss four financial KPIs that every CFO should have on their dashboard.