How to Use Financial Benchmarking in Your Company

Secrets aren’t any fun. When you’re left in the dark about what other companies in your industry are up to, growing your business can be difficult. That’s why benchmarking—especially financial benchmarking—is so important. As Arthur Rothberg from CFO Edge explains, “Benchmarking is one of the most effective things businesses can do to improve their operations and boost profitability and productivity.” Essentially, you need to know where your business stands now in order to move forward later.