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To identify "Best in Class"
business processes, which, when implemented,
will lead member companies to exceptional performance as perceived
by their customers.
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To conduct benchmarking studies
of important business processes.
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To create a cooperative environment
where full understanding of the performance and enablers of
"best in class" business processes can be obtained
and shared at reasonable cost.
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To use the efficiency of the
consortium to obtain process performance data and related
best practices from non-industry companies.
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To support the use of benchmarking
to facilitate process improvement and the achievement of total
quality.
The scope of AFBC™ membership includes
those organizations that require a more detailed understanding
of accounting and finance in support of their core business(es).
Company membership will be considered with respect
to compliance with AFBC™ mission, goals and operating guidelines,
as well as qualification of the organization within the scope
of membership.
Participation in specific efforts will be optional
and open only to members with costs shared by the participants.
Companies in the consulting industry and others
likely to resell the data are not considered for membership
Benefits
of Membership
AFBC™ Paid Studies:
AFBC™ will identify and present to members
opportunities to participate in Benchmarking studies on various
topics addressing issues of importance to accounting and financial
professionals.
There are two types of Benchmarking studies
provided:
- Consortium studies are offered to the membership
as a whole with costs divided.
- Single company sponsored studies addressing
the interest of one member company can be offered to other selected
members for no fee.
The association will also support accounting
and financial benchmarking efforts:
- Research - Access public and private databases.
- Identify study participants - Top companies
in a variety of industries
- Collect data - Manage response collection with
the participants as a third party.
- Lead site visits - Structured with best participants.
Roundtables:
Interest group roundtables will be organized throughout
the year. Members will pay a nominal fee to join real and virtual
roundtable discussions that address specific processes.
Cost:
Currently, membership in AFBC™ is FREE! Costs
of studies are shared by the participants.
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