Advisor benchmarking
Matt Fox avatar
Written by Matt Fox
Updated over a week ago

In this fast-paced business world, entrepreneurs and business owners face the constant challenge of staying competitive and profitable. The key to achieving these goals often lies in understanding their performance and how they stack up against their peers. This is where benchmarking comes into play.

Our comprehensive benchmarking product is designed specifically for you, offering an in-depth analysis of industry standards and peer performance. By understanding where you stand in the market, you can identify areas of strength and pinpoint opportunities for improvement both with your firm and your clients.

This product will guide you in realizing your business's full potential, helping you strategize for growth and gain a competitive edge in your industry.

This benchmarking process gives you insights into key performance indicators such as revenue, profitability, operational efficiency, and more.

Armed with this knowledge, you can make informed decisions that drive your business forward, ensuring sustainable growth and long-term success.

But knowledge alone is not power; applied knowledge is. This is why, beyond laying out the landscape, this product offers actionable insights, translating these metrics into a strategic roadmap.

You can only view advisor benchmarking from within your firm within Clarity. So ensure your business name is in the top left hand side of your account when on this screen.

To benchmark your firm against other accounting firms, ensure you are in your firm's profile. This ranks your accounting firm against all other accounting firms. Ensure the date in the top right hand side is correct (red button).

Click the Filter button in the top left hand side to see where your firm stacks up against the rest across the 9 key metrics. You can filter by sectors, country and/or city. Each filter has a dropdown list you can choose from. Simply click into the relevant area to expand the list and choose.

To find the reports, click the Reports tab at the top and choose Benchmarking. You can adjust the benchmarking report template within your firm's settings. Ensure your firm's name is in the top left hand side to do so. Click Settings > Reports > Benchmarking. See Client Benchmarking for where to add key areas in your report settings e.g. calendar link for clients to book a meeting with you and where to add client testimonials.

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