M&A expert shares how ACA’s free Benchmarking Intelligence platform can help grow your business. ACA company members have from Sept. 1-30 to submit their Q2 2023 data in order to receive the next intelligence report.
08/28/2023 1:40 P.M.
3 minute read
As companies strive to keep up with industry trends and navigate unprecedented challenges in the marketplace, the practice of measuring performance against your peers has become a strategic necessity. Benchmarking empowers organizations to gauge their strengths and weaknesses objectively and identify opportunities for growth.
ACA International can help you obtain key benchmarking data. Each quarter, ACA company members who sign up for our Benchmarking Intelligence platform and enter their data by the deadline will receive a free benchmark report with anonymous, aggregated industry information, allowing them to see how their operations stack up against those of their peers.
“In a market that is ever-changing, tools like Benchmarking Intelligence are absolutely critical to compare your operations to those of your peers in a truly confidential, compliant and aggregated basis,” said Michael Lamm, managing partner at Corporate Advisory Solutions. “If you are not providing your data, you are missing access to key data sets to help you better grow and drive a higher profit margin in your business.”
Comparing your agency’s performance to that of your peers, anonymously and by business vertical (e.g., health care, utilities, credit cards, etc.), helps you identify potential gaps, highlight achievements and more.
Benchmarking Intelligence gives you unique insights that you can’t get anywhere else. Not only will you see the standard report, but you will also be able to create your own comparisons using a variety of criteria.
Here are some specific examples:
- Curious about how your results compare to companies of the same size who also use text messaging?
- Want to know the average gross collections of your peers serving the health care market?
- Looking to benchmark your settlement costs to those of other ACA member companies of the same size?
You can do that!
You can sign up to participate any time, but to receive the next quarterly comparison report, you will need to enter your Q2 2023 data into the platform between Sept. 1-30.
Remember: Only participants who have completed their data submission will receive this intelligence report and be able to compare your data in the system—on a large number of comparison criteria. If you’ve signed up but not completed your data upload, consider this your motivation to complete your submission today!
To review the data collection timelines, check out the chart on this page.
Note: If you have signed up to participate in the platform but have not entered your data, you will not be able to see the comparison report when it is released. So take the next step and input your data today!
Get Answers to Your Benchmarking Intelligence Questions
For information explaining what this platform is and how it works, ACA members can watch a recorded webinar hosted by ACA CEO Scott Purcell, President David Williams, Treasurer Tim Haag and Past President Courtney Reynaud.
To watch it, go to the Benchmarking Intelligence page on ACA’s website, make sure you are logged in (only logged-in members can watch the video), and scroll down to the Webinar Recording box.
If you’re looking for an easy-to-read document, you’ll want to read through this FAQ, which explains who is eligible to participate, how to get started and how this can benefit you.
Learn More
You can learn more on the Benchmarking Intelligence page on our website.
If you want to participate, reach out to ACA’s Member Services team here to request access. The platform is only available to ACA Company Division members who have signed an agreement.
Remember, subscribe to ACA Daily and Member Alerts under your My ACA profile when logged in to acainternational.org to receive updates on the ACA Huddle.