-In software, swift financial processes are key to beating your competitors.
-The chart below shows benchmarks for key software-industry KPIs so you can compare your business’s financial prowess to others.
-If you want to improve your performance, then it may be time to make some changes at your organization.
In the software industry, efficient financial systems are key to outperforming your competitors. Observing how other companies run their financials can help you understand in which areas, if any, your business needs to improve.
The team behind Grow Wire routinely measures the financial health of media and entertainment companies worldwide with help from Finlistics, a sales insights company. Their most recent research can help you analyze exactly how your business competes with others from a financials standpoint.
Take a look at your financials, then use the chart below to determine if you’re performing at a “Marginal,” “Competitive,” “Best In Class” or “Transformative” level.
If you want to improve your standing, then you may want to make some changes. Of course, reading stories on Grow Wire can help too.
This article originally appeared on NetSuite's blog and has been repurposed with permission.