Open Standards Benchmarking Finance
The office of the CFO encompasses a wide range of discrete functions that reach from strategic planning and performance management to highly specialized areas of accounting and transaction processing. The CEO today expects the CFO and his/her finance organization to ensure excellence in all finance sub-functions—while also producing insightful and reliable analyses and decision support that help business decision makers to deploy capital, people, and technology wisely.
While finance continues to evolve, cost containment and process productivity continue to be real concerns. The following assessments are based on the Open Standards Research methodology and provide you with targeted, validated, and normalized performance metrics with comparisons to relevant peer groups from the world’s largest performance measurement database.
- Accounts Payable and Expense Reimbursement
- Accounts Receivable
- Customer Invoicing and Credit
- Finance Organization
- General Accounting and Reporting
- Internal Controls
- Planning and Management Accounting
- Sales and Order Management
APQC's financial management assessments are part of a larger initiative called Open Standards Benchmarking. Using APQC's Process Classification FrameworkSM (PCF) as the foundation, APQC has identified the critical set of financial management performance indicators to accurately measure performance in each process area.