Sorry, this program is no longer available.
EARN NEW REVENUE WHILE IMPROVING YOUR CUSTOMERS' PROFITABILITY! BizBench® is powerful business analysis software that helps you improve your company’s or your clients’ profitability by benchmarking financial performance against comparable industry firms (now by NAICS code!). BizBench® is an easy-to-use tool that includes a powerful analysis engine, industry statistics and a narrative report.
Benefits
New in the 2008 Version!
- Enhanced Report Customization
- Customized Expense Fields for Income Statements
- Fully Automated "What-If" Modeling
- Expanded Discussion Ideas
For CPAs and Consultants:
Expand your business practice by providing financial analyses with benchmarks. Help your clients improve their profitability within the unique financial structure of their specific industry. BizBench will very quickly pay for itself with only 1 or 2 customer benchmark reports.
For Banks:
Complement your existing loan analysis software or strengthen your customer relationships by providing a service to help your customers understand their strengths and weaknesses compared to comparable firms in their industries.
For Corporations:
Generate financial analyses on your vendors, business partners and customers to determine their financial performance and condition relative to their respective industries.
The Benefits of Benchmarking to your clients include:
- Improvement of competitive position in the industry. By fully understanding how a firm compares to others in the industry, action steps can be developed to improve weaknesses and leverage strengths.
- Improve profit and increase financial productivity. Comparing a firm to industry financial ratios can help illuminate how successful a firm is at creating wealth.
Benchmark Financial Statements to Industry.
Compare the Income Statement and Balance Sheet in a "common size" format to a summary of other firms in the same SIC/NAIC industry group and comparable sales level.
Benchmark a Firm’s Financial Ratios to Industry Ratios
Percentile rankings for each ratio will immediately quantify the degree of your clients’ competitive strengths and weaknesses. These rankings are the basis for choosing improvement targets with clients using Back Calculation as described below. Ratios Include:
- Liquidity Ratios: Current Ratio, Quick Ratio, Working Capital to Sales (%)
- Efficiency Ratios: Days in Accounts Receivable, Days in Accounts Payable, Annual Inventory Turnover, Days in Inventory, Operating Cycle
- Operating Ratios: Asset Turnover, Sales to Fixed Assets, Sales to Working Capital
- Financing Ratios: Debt to Equity, Cash Flow to Current LT Debt, Times Interest Earned, Net Fixed Assets to Equity, Trade AP to Inventory
- Profitability Ratios: Return on Sales (%), Return on equity (%), Return on Assets(%)
Perform "What-If" Back Calculations.
BizBench helps determine how the firm would need to perform across a variety of dimensions in order to improve its ratio performance rankings in the industry.
Automatically Generate a 45+ page Customized Benchmark Report.
The report is ready as soon as the data is entered. It usually takes longer to print the report than to prepare it! Add your comments to offer additional insights in the report. Report can be exported as a Word document for editing or as a .PDF file.
Accurate and Timely Data.
BizBench uses the RMA Annual Statement Studies which have been used by over 500,000 financial professionals. Produced by the Risk Management Association (formerly Robert Morris Associates), RMA data is derived from 150,000 small and medium sized businesses that provided financial statements to commercial banks. Click to see a list of industries (938K .PDF)
Please note that the BizBench data is based on U.S. companies and is not directly comparable in other countries.Reviews/Testimonials
CPA Software News, "Tools to Make Your Clients Love You": "This automated financial benchmarking tool looks at current financial data and identifies client strengths and weaknesses from a management consulting perspective. . .BizBench allows professionals to broaden their mix of services, handing existing and new clients a readable report that identifies their strengths and weaknesses in context of their industries, utilizing graphs, summary tables and brief narrative."Bob Jennings, CPA, Jennings Advisory Group: "Easy to use, easy to understand, fantastic reports - a winner in my book."
Dick Meyer, Meyer & Associates: "BizBench provides an instant diagnosis of companies' financial strengths and vulnerabilities in very meaningful terms."
S.C., CPA: "It takes less time to enter the data than print out the report!"
B.M., Bank EVP: "BizBench is a valuable customer service for business customers. We also use it as a training aid and as an in-service refresher for commercial lending officers."
R.T., CPA, WA: "I knew nothing about the software. In one hour, I had a very informative peer group comparison to provide my client, showing them 3 distinct areas they needed to improve. Furthermore, the software provides numerous ideas on how the client can improve in these specific areas."
System Requirements
450 MHz Intel Pentium II Processor (700 MHz Intel Pentium III recommended) or 500 MHz Intel Celeron Processor, or equivalent non-Intel processor; 128 MB RAM for Microsoft Windows XP (256 MB RAM recommended); SVGA (800x600) Display and Graphics Adapter capable of at least 256 colors at that resolution; 70MB free hard disk space; During installation an additional 50MB of space may be necessary for use by the setup program for temporary files; this space will be free again after the installation has completed; CD-ROM drive or other drive (CD-R/W, DVD-ROM, etc.) capable of reading CD-ROM media; Mouse or other pointing device; Microsoft Windows XP Professional, 32-bit, Service Pack 1 or later, Microsoft Windows 2000 Professional, Service Pack 4 or later
