Finance Diagnostic for TechnologyHigh-value, low-effort insights for meaningful improvement |
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The 2010 Deloitte Global Benchmarking Center (GBC) study of technology companies found that a cost savings opportunity of $8.8 million per billion in revenue exists between the median and low-cost performers, with much of the savings opportunity occurring in process costs — labor and outsourcing. Other key themes of the study include the impact of economies of scale on finance organizations and the effects of automation and differing service delivery models.
By measuring internal strengths and weaknesses — and comparing them against “best-in-class” performance of industry peer companies — this study helps executives to identify and mitigate gaps that have the potential to impair the performance of both the finance function and the entire business.
Learn more by downloading the 2010 Finance Benchmarking Diagnostic executive summary below.
Enroll in the 2010 Finance Diagnostic for Technology
More than 80 clients have participated in the Finance Diagnostic study in the last 12 months. This study has proven beneficial to clients looking for opportunities to improve the efficiency of their finance organization. The study examines 25 core finance processes across 5 process categories including transaction processing, financial reporting, controls, tax and treasury and performance management.
How will my company benefit?
The 2010 Finance Diagnostic provides high-value, low-effort insights that clearly identify improvement opportunities. We compare your company’s process efficiencies, costs and cycle times against your technology peers. Your company will be compared to other technology companies that submit data for the 2010 study, ensuring results reflect the current industry environment. We encourage clients to participate annually, so that performance can be tracked year over year.
How does it work?
We have structured the benchmarking process to be painless for our participants. Each client is assigned a client service representative to guide them throughout the process. We estimate data collection to take between two to four days.
What do I receive?
At the study’s conclusion, participants receive the following:
- An executive-level report comparing your company’s results against the low-cost performer and median of the technology peer group
- Results briefing to highlight prioritized opportunities
How can I sign up?
For further details regarding this study or other Deloitte benchmarking programs, please contact the Global Benchmarking Center.
Learn more by downloading the 2009 Finance Benchmarking Diagnostic executive summary below.
About the Global Benchmarking Center
Deloitte’s Global Benchmarking Center provides executives with industry-specific process performance metrics and related leading practices through its ongoing benchmark studies. These repeatable studies – especially useful for continuous improvement – provide unparalleled insight into performance in multiple functions and across industries. The hallmark of the GBC’s studies is a discretely defined taxonomy that allows for apples-to-apples comparisons between companies and within companies.
As used in this document, ‘Deloitte’ means Deloitte LLP (and its subsidiaries). Please see www.deloitte.com/us/about for a detailed description of the legal structure of Deloitte LLP and its subsidiaries.
2010 Finance Book of Metrics for Technology Executive Summary
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