BUSINESS OF TODAY
With businesses being more competitive and resourceful than ever, with the continual growth of technology, companies are looking for strategic ways to stay ahead of the curve. Understanding your industry's landscape is an important factor in this process. Bench-marking your organizations performance to identify efficiencies and savings creates an enormous overlooked opportunity. It means improving your systems and processes so that your business information is more accurate and readily available. It also means considering alternative operating models for running your finance function, such as a shared services or outsourcing arrangement. Using a financial metric analysis tool greatly assist with this difficult task.
What is an Industry Analysis Report?
In short, an Industry analysis report is a specialized report which compares your businesses financial data to other businesses within your industry. This report can be sectioned off by region, state and revenue size. Analytical data is an important aspect of not only understanding financial data, but also of flagging and researching inconsistencies. Business Managers using such a report often team up with a financial professional for planning and evaluating the results.
With an Industry Data Analysis Report you can:
- Discover Trends & Insight within your industry
- Uncover valuable Key Performance Indicators (KPI's)
- Evaluate & mitigate risk
- Compare your business against businesses like yours
- Get a in-depth understanding of your businesses performance
- Evaluate & mitigate risk
- Get a in-depth understanding of your businesses performance
- Find valuable areas within your business to increase profits and reduce cost
- Increase Cashflow management
Beyond the numbers
Using our Industry Analysis Report can help you formulate and validate strategies for growth and viability. More than just a year-end financial statement, this report provides a financially-oriented voice to the owner, CEO, or executive director to help understand “business drivers,” risks, and how to create value. This working document becomes the roadmap to carefully & strategically navigate the opportunities and the risks of taking your business to the next level.
Business Managers who neglect to effectively use such a tool, often find themselves behind the business curve. Businesses change rapidly, and without proper information and planning, many businesses are left to scramble for strategies to keep up with the ever-changing environment. Listed below are a few reasons why decision-makers shy away from this very valuable tool:
- Lack of Understanding its' power
- Their Accountant doesn't offer such services
- Their Accountant doesn't understand their niche'/Industry
- Operating the business by the "seat of their pants"
- Bad financial data
- No plans for future business growth
- Misconception about their business needs
- Cost
- Too busy
- Assume their business is too small
- Don't know where/how to get started
- Strategic Planning & "What-if" Scenarios
- Financial Forecasting & Budgeting
- Cash Flow Analysis and Management
- Stop costly financial leaks with operational improvement
- Bank financing and investor meeting preparation
- Profit Improvement and Cost Savings
- Strategic Planning & "What-if" Scenarios
- Financial Forecasting & Budgeting
- Cash Flow Analysis and Management
- Stop costly financial leaks with operational improvement
- Bank financing and investor meeting preparation
- Profit Improvement and Cost Savings
Check out some of our client ratio reports
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What are some added benefits using your Industry Analysis Reports?
Negotiate with suppliers and customers — Positions your organization to find cash opportunities by helping your company achieve the most advantageous rates, terms and conditions, credit lines, and payment options on the revenue and expense sides of the ledger. This can help ensure that you have the cash flow available to keep operations running smoothly regardless of the state of your organization.
Establish relationships with funding sources and lending institutions — When capital is required, a strong growth plan will identify and put in place the right types of capital from multiple investors or lending institutions. This vital tool can provide you with the lines of credit or working capital you need to expand.
Manage organizational changes — Mergers, acquisitions, and IPOs are all major ownership changes that your company may want to consider as part of your growth strategy. A strategic growth plan & analysis can provide the appropriate quantitative analysis and strategic direction to lead your organization smoothly through the process.
Sharpen accuracy — Provides timely and accurate financials and metrics, and importantly, good interpretations of those numbers to guide actions.
Be more strategic — Capability to evaluate opportunities and build strategies around markets, geographies, products and services, pricing, and competition.
Manage risk — Every organization needs a right-sized risk prevention infrastructure to protect against fraud, errors, and business risks. Your analysis helps identify and mitigate exposure by establishing and enforcing appropriate financial and operational controls.
Manage growth, profitability, cash flow, and expenses — While everyone has some responsibility in these areas, a working analysis is useful for all levels of management and staff to help track these metrics, and make sure performance is in line with company goals and strategy.
What's inside your Industry Analysis Report?
Industry Data
Narrative Report
Industry KPI's
Industry Data Comparisons
How does it work?
Step 1.
Consultation
Step 2.
Gather Financial Data
Step 3.
Receive Industry Report
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