12/10/2010
NEWS BRIEFS
Pac-West Partners with NFDA for Financial Analysis and Industry Benchmarking Program

The Pacific-West Fastener Association and the National Fastener Distributors Association are offering an online tool that allows fastener companies to access real-time analysis of their financial information while comparing it to other companies within and outside of the fastener industry. 
 

“The more companies that participate in this program, the more relevant the benchmarking results will be, so NFDA has opened up the program to other companies within the fastener industry that are not NFDA members to increase the data set and provide more relevant results to all that participate,” Pac-West noted in its email notification.
 

Today’s executives need to make better informed decisions by accessing timely and relevant information. Is your firm a best-in-class organization? Benchmarking utilizes best-in-class performance measurements to highlight your areas that need improvement to achieve high performance. Monitoring and executing against best practices throughout your industry provides the greatest opportunity for gaining strategic, operational and financial advantage.

“Benchmarking generates substantial payback when it is driven by strategic objectives. As an organization, it is critical to your success to develop new best practices and processes – and benchmarking gives you the proper direction.”

What does a subscriber receive?

Company Dashboard: A visual snapshot of your firm’s financial performance featuring common industry metrics. Create reports and presentations to share key financial information with your management team, Board of Directors, CPA and/or banker.
 
Financial Benchmarking: Compare your financial performance to NFDA members or hundreds of wholesale distributors across various lines of trade that regularly upload their data into the system (which is maintained securely by iLumen).
 
Industry Intelligence: This program features 200+ industry-specific metrics identified by a team of CFOs from member firms. Reports highlight financial trends based on period-over-period comparison and analysis. Industry financial experts will regularly provide enhanced analysis and advice based on data produced from this program.

Learn more about it and see a live demonstration on Wednesday, December 15, 2010 from 
12:00 noon – 1:00 pm Pacific.
Visit https://www1.gotomeeting.com/join/966377025 and enter Meeting ID: 966-377-025 
And call 800-406-9170; when prompted enter ID 2258712

Related Links:

• Pac-West

• NFDA