Features of the Benchmark Report
Our benchmark reports compare one business against other similar businesses in the same industry. We have more than 200 industries for businesses to compare against! Whilst each report is tailored to include metrics relevant to the respective industry, all our reports include the following areas:
Learn about the associated industry including growth trends and the economic drivers behind it, employment trends and forecasts, wage comparisons against other Australians, average business sizes, survival rates and, factors influencing the industry’s performance.
Our detailed benchmark comparison assesses how a business performs operationally against industry peers. This includes analysing profit performance, productivity, asset usage, employee outputs, stock turn rates and investment decisions. Metrics vary pending on the industry, ensuring the information is highly relevant to business owners.
Key Performance Indicators
The KPI Feedback sections looks at the key benchmarks for each industry and offers feedback to business owners based on the results. This section is designed to improve business performance by addressing core performance metrics such as profitability, productivity, capacity growth opportunity, asset usage, employee performance and unnecessary costs. Business owners receive a KPI score against key measurements relevant to each industry. Our report further highlights what the score means and what owners can do to improve their score year on year. Business owners can therefore use this tool as a baseline for annual business improvement.
Undertake a complete 360-degree review by seeing how a business performs against the ATO Small Business Benchmarks. Businesses that score outside of the ATO Benchmarks are more likely to receive a tax audit. Read more about ATO Benchmarks here. Additionally, you can view the ATO website here: https://www.ato.gov.au/business/small-business-benchmarks/
Get a clear idea of much a business would be valued at in today’s market. Our Business Valuation Analysis and Report provides business owners with a clear idea of their business worth, goodwill value and also, recommendations on how to improve the overall business worth. The report can be used to create a more in-depth strategy with accountants and consultants to support business owners plan for the future and exit on their terms.
Strategies for Growth Opportunities
Drive business improvements utilising our tailored growth strategies. Each strategy is built based on industry wide growth opportunities and forecasts. Strategies are tailored for each business and are designed to help accountants and consultants build practical and realistic business plans for their clients.
Keen to find out more? Why not run a FREE benchmark report for one of your clients?
Please note, our Benchmarking Suite free trial is only available to accounting firms and business consultants.
How to Compare Your Business with the Benchmark Report
Our benchmarking methodology involves taking a wide range of high-quality data to ensure business owners are given accurate and relevant benchmarking information. Our data comes from our clients. This allows benchmarking to hold one of the most accurate databases of small to medium businesses in Australia. We further utilise the ATO benchmarks and the Australian of Bureau of Statistics (ABS) reports to generate a complete picture of every industry.
When new business information is entered into our system, we quality check the inputted benchmark data to ensure it meets our standards. This means that our customers can be confident that our data is second to none in accuracy, quality and relevance.
Or, click on your industry below to see what we offer.
GROW YOUR ACCOUNTING FIRM AND BUSINESS ADVISORY SERVICES WITH BENCHMARKING
See our sample Benchmarking Report for Australian businesses
Create custom business benchmark reports for your clients! Complete the form below to get our sample report and see what’s included.
What People Say
This report is FANTASTIC!! Thank you to you and your team for doing this. And to think a revised version will come in April with even more data, even better. This is beyond what I was expecting and I dare say you’ll have all of us signing up again next year and spreading the word to get others involved. I’m so glad I responded to the initial email and made the time to get involved, rather than just grumbling about being time poor and lazily hitting the delete button.
Best money and time I’ve spent in a very long time!
Matthew Tucker | Principal | Creative Crunchers
Benchmarking.com.au is an excellent platform to open up meaningful and valuable conversations with our clients about their businesses. The feedback sections in the reports is impressive and the platform is continually improving. We are very excited about the release of the additional 200+ industry benchmarks, which will allow many more of our clients to understand what is driving success in their industries and bring even more value to our business advisory offerings.
Steven Windsor | FMAAT, FCCA, Business Advisory Manager
With the Benchmark Suite, we now offer our clients benchmarking and consulting services - creating an additional revenue stream.
Nick Shaw | Director
Benchmarking.com.au is invaluable for businesses to improve performance and focus on the really critical KPIs.
Business Mentor and Advisor
Michael Hilsden, FAIM, FACS
Thank you, we really appreciate how proactive you guys are.