In 2003 Horváth & Partners, a Germany based Performance Architect firm, set up what they called the CFO-Panel, a network of companies, to develop best practices by comparing their finance, management accounting, and controlling activities based an online questionnaire. The panel's objectives were to identify success factors, encourage further development of best practices, and create new knowledge with and for its members. Through annual surveys, contributions by network participants keep the b...
BPIR Categories14.2.3 Benchmark performance measures against competitors
14.2.4 Conduct best practice/ process benchmarking
11.4.1 Design/conduct internal/external audits