Percentage reduction achieved in money lost from mistakes (balancing out prior human error with any software mistakes) from finance function automation

This measure calculates an estimated percentage reduction achieved in money lost from mistakes (balancing out prior human error with any software mistakes) as a result of finance function automation. This Cost Effectiveness measure is intended to help companies understand this cost expenditure related to the activity "Manage asset resource deployment and utilization".

Benchmark Data

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Measure Category:
Cost Effectiveness
Measure ID:
110732
Total Sample Size:
2,470 All Companies
Performers:
25th Median 75th
- 35.0% -
Key Performance Indicator:
No
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Units for this measure are percent.

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Percentage reduction achieved in money lost from mistakes (balancing out prior human error with any software mistakes) from finance function automation

Key Terms

There are no key terms associated with this measure.
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Measure Scope

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Cross Industry (8.0)

  • 9.1.4.1 - Determine key cost drivers (10778) - Defining cost drivers for a particular activity.
  • 9.1.4.2 - Measure cost drivers (10779) - Calculating cost drivers.
  • 9.1.4.3 - Determine critical activities (10780) - Determine the activities that hinder the progress of finance activities. This requires the organization to determine those business activities carried out by the financial function of the organization and which are indispensable. This undertaking helps the organization triangulate those activities which are essential and where costs cannot be slashed.
  • 9.1.4.4 - Manage asset resource deployment and utilization (10781) - Distributing or allocating asset resources in different processes for optimal utilization.