Financial Scorecards

Benchmark your company’s financial performance year-over-year against privately-held industry peers

Wouldn’t it be ideal to know your competition better?

Financial scorecards are a performance management tool designed to identify opportunities for improvement, track the execution of activities, and monitor the consequences arising from specific actions. Translating high-level strategic goals into discrete objectives creates a clear line of vision—from top down and bottom up—so each individual understands how their day-to-day actions are contributing to overall company success.

Kreischer Miller’s financial scorecards provide real time financial metrics, non-financial measurements, and trends from comparable privately-held companies based on your six digit North American Industry Classification System (NAICS) code.

Information included in financial scorecards

• Historical company performance
• Comparable data of industry peers and corporate profile
• Projected goals and expectations

Financial scorecard benefits

• Promotes an understanding of your company’s historical financial performance
• Provides real-time financial data and industry intelligence from privately-held companies within a specific NAICS code
• Enables the identification of strengths, weaknesses, opportunities, and threats in financial performance
• Offers recommendations for improvement in financial metrics
• Promotes an environment where employees feel accountable, energized, and engaged in the success of the company
• Empowers management to stay in touch with employees’ progress during every phase of goal completion

Deliverables

Upon receipt of your company’s historical financial information, a comprehensive report is provided with comparisons to your competitors’ real-time financial information. In addition, there are specific recommendations provided for areas of improvement based on variances from the industry norm. See a sample.

If historical financial information is not provided, Kreischer Miller is able to provide the industry norms for which you are able to compare. See a sample.