As key providers to the Architecture, Engineering, and Construction (AEC) Industry, Deloitte Private and Total Synergy have teamed up to provide an online benchmarking tool to support practice and industry growth.
The Deloitte PPS tool collects data from your Synergy database and your accounting package using the Synergy Connect interface for Synergy Enterprise clients. The data extract is sent to a secure location in Microsoft Windows Azure (Cloud) for use by the Deloitte PPS Tool.
The Deloitte PPS Tool helps you:
Deloitte PPS Tool puts industry-wide data at your fingertips. It's secure, straightforward and a cost effective benchmarking tool that enables you to measure the success of your business against AEC industry leaders.
View your business data in the one location, and improve strategic planning by monitoring your performance. PPS will help you keep informed of AEC industry trends and show you ways to add more value to your business.
Existing Synergy clients can sign-up to use the Deloitte PPS Tool. Please contact Total Synergy Support for the Order Forms required to get started. The following diagram outlines the process to get started with the Deloitte Practice Performance Survey Tool:
Click the image above to see the sign-up process for the benchmarking tool.
Tips:
1. Please contact a Total Synergy consultant to sign up for the Deloitte PPS Tool. Locate Contact Total Synergy for more information.
2. Already signed up for the PPS tool during the Synergy Conference? Synergy Support will contact you to arrange setup of PPS.
3. Review the PPS Interface Technical Overview.
PPS is a simple and secure online system for the AEC industry. It allows companies to benchmark their individual business performance against other market leaders and peers. Create visual presentations for metrics and KPI's, and import the core AEC specific project KPI's from Synergy. Use the Compare and Rank tools to compare your company to other AEC industry business, and use Goalseek to set a target and see what changes to make to achieve the goal.
The benchmarking tool has many standard financial KPI's to report on Staff, profitability, growth, marketing, gearing, efficiency, customers, cash flow and activity. There are also four Synergy KPI's where data is imported from Synergy. The Synergy KPI's are:
Tip: Once the benchmarking tool is setup you can refresh the data from Synergy with a single click using the MYOB Connect interface.
Compare and Rank your company against other AEC industry business. Identify your company's strengths and areas for improvement.
The data is held anonymously, and the other companies are shown in the benchmarking tool as 'Company 16' etc so you cannot determine who they actually are. Toggle between comparing one of the Synergy KPI's or the Standard Financial KPI's
Click the image above to view the Compare feature.
Click the image above to view the Rank feature.
Set goals and determine what changes are required to achieve the goals. Use Goalseek to set a target % for your company profit ratio. Goalseek lets you view if you need to increase your prices, volume, or reduce expenses reach the company profit targets.
Click the image above to view the Goalseek feature.
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