Benchmarking study launched

A new financial management benchmarking study will allow charities to compare their performance with that of up to 20 of their peers.

The study is being launched by Agenda Consulting in partnership with the Charity Finance Directors' Group. It has evolved out of Agenda Consulting's annual Finance Count survey of financial performance in the voluntary sector.

Participants will receive detailed reports comparing their performance with that of between 10 and 20 of their chosen peers and with the sector as a whole.

The reports will be sent out in March next year, based on questionnaires completed by participants this November.

The topics covered include purchasing, trading, performance management, investment management and public service delivery.

Keith Hickey, chief executive of the CFDG, said: "I would recommend this benchmarking study to finance directors seeking to improve the financial performance of their departments. It will allow them to better understand costs, challenge current thinking and learn from their peers."

Ibs Sillah, sales and marketing manager at Agenda Consulting, said: "This study has been developed with a group of finance directors from the sector. It has been designed for the sector, by the sector."

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