Industry Group Benchmark enablement

Common interest groups in certain industries occasionally seek benchmarking of performance and cost with their peers. When this initiative is undertaken, we will coordinate the data capture efforts of the "industry group" and provide that data to the benchmarking organization in a consistent form.

The benefits are shared - the participating organizations gain greater confidence in the "like for like" data comparisons and the benchmarking firms are provided with a more robust and complete set of data for their consultants and systems to perform their specialized analysis on.

ITEXC acts as a filter, accommodating the nuances of each member's financial systems and data and mapping that to the benchmark structure.

ITEXC has a data collection methodology and toolset that we adapt to each participating member's information base. We work with the Benchmark firm to structure their Benchmark "chart of accounts" for financial data collection into our tools. Alternatively, where an industry group has established their own benchmark reference, we would structure to that.

For further details, please contact us.