Achieving World-Class Performance Procurement Benchmark Results Executive Briefing

World-Class DefinedAchieving World-Class Performance Finance Benchmark Results Executive BriefingPresented to:Sheresa NortonTroy WardThe Hackett Group September 29, 2008Revised: January 12, 2009ƒƒƒƒStrategy and Benchmark ObjectivesEstablish a baseline for the Finance functionUnderstand the effectiveness of the Finance functionReview cost and staffing levels compared to peers and World-Class organizationsLeverage benchmark findings to continue progress already made within the Finance functionPage 2© 2008 The Hackett Group. All rights reserved. Reproduction of this document or any portion thereof without prior written consent is prohibited.Benchmark Results Should be Evaluated in Conjunction With the Specific Requirements of Higher Education OrganizationsWhat this benchmark is . . . What this benchmark is not . . .A starting point Not the end answerNot a detailed analysis of how to redesign your Tells you where to focusprocessesProcess based comparison . . .Not an exact match to your departments . . . . . . data was scrubbed internally and externally by no benchmarking isHackettOne input to setting targets Not the only inputDoes not cover all aspects of your organization’s A broad look at FinanceoperationsPage 3© 2008 The Hackett Group. All rights reserved. Reproduction of this document or any portion thereof without prior written consent is prohibited.ƒƒƒƒƒƒƒƒƒƒƒƒƒƒƒƒƒƒData was Collected in Accordance with ...