Category: benchmarking analysis

In response to the 2008 financial crisis, banks in the U.S. and across the globe have taken steps to significantly improve their financial ratios. For example, in an effort to improve their Common Equity Tier 1 capital ratio, banks have raised additional equity. Although financial ratios are a critical measure of a bank’s liquidity and solvency, there are a variety of ratios that measure everything from customer service to staffing levels that banks can use to benchmark their efficiency, performance, and profitability. And while bank capitalization has improved, banks remain…

The finance function—which can include general accounting, accounts payable, accounts receivable, budget and analysis, cost accounting, financial reporting, payroll, internal controls, treasury, and more—is evolving. In the past, the finance function focused mostly on historical transactional financial reporting such as the balance sheet or profit and loss statements. But the role that the finance department plays in banks is changing. The work is becoming more complex, in part due to regulatory burdens and complex business models. Banks increasingly view the finance function as a true partner to the CEO and…

In our last article, we laid out the four steps for defining and performing a competitive benchmarking analysis project for your company, to see how it stacks up against its peers along the metrics you select.

In this article, we're going to go one step further and put all that work… to work. If your benchmarking effort is ever going to deliver tangible business benefits, now is the time.

It’s not quite as easy as 1, 2, 3, but we’re still going to present it that way.

If you’ve read our first two Benchmarking 101 articles, then you 1) know what competitive benchmarking is, and 2) you know a few competitive benchmarking best practices to follow.

In this article, we’re going to give you a handy step-by-step guide for performing a competitive benchmarking analysis on your business (or any business). Let's get started!