TURNKEY PUBLIC MANAGEMENT TOOLKITS--Helping managers and consultants assess and improve the delivery of programs and services in the public sector.
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TURNKEY PUBLIC MANAGEMENT TOOLKITS--Helping managers and consultants assess and improve the delivery of programs and services in the public sector.
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This image summarizes dimensions that can be used to benchmark the finance function with other jurisdictions.
Finance benchmarking best practices cover page.
Finance benchmarking work plan.
Slide regarding selection of participating organizations.
Slide depicting comparison dimensions/criteria specific to the finance function.
Draft contents of profiles of benchmark organizations participating in the study.
Template of comparison of organization delivery models and practices by comparison criteria.
Template to summarize the results of the benchmark comparisons by dimension/criteria.
Example of summary of comparison results for a specific dimension.

Benchmarking the Finance Function (16 slides)

$20.00 $0.00

Finance function benchmarking toolkit

The Finance Benchmarking Tool (16 slides in PowerPoint) provides a summary work plan and template to help compare the delivery and practices of the finance function with those of other jurisdictions/ organizations (see preview charts).

The key benchmarking steps are:

  • Identify potential organizations to participate in the benchmarking
  • Prepare profiles of the benchmark organizations
  • Compare delivery models and practices by dimension/criteria
  • Summarize the results of the comparisons. 

Dimensions/criteria specific to the finance function are  provided to help compare with finance delivery models and practices of other jurisdictions.  

Also included are examples of finance common/best practices under each dimension as well as five level capability maturity descriptions to help situate your organization relative to common/best practices found in the benchmark organizations.

When you acquire the toolkit, you will receive an email with a link to download the Finance Benchmarking Tool (16 slides in a PowerPoint editable format) as well as the Benchmarking Guide (8 pages in Word).

Examples of common/best practices--Finance function

What best practices or service innovations have become more prevalent in the delivery of the finance function?  Examples of common/best practices for financial management and support include:

  • Develop forecasting skills of managers

  • Link financial & non-financial information

  • Implement business intelligence/ analytics tools

  • Foster objective, organization-wide perspective

  • CFO attestation

  • Client account executives/ financial management advisors

  • Financial management governance and oversight mechanisms

  • Financial training for managers

  • Electronic payments

  • Integrated financial processing networks

  • Risk-based post-payment verification

  • Access to financial information online

  • Service level agreements

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