Benchmarking is the process of comparing the performance of a product, service, or process to industry standards or best practices. Benchmarking studies can be conducted to evaluate various aspects of a business, such as efficiency, effectiveness, quality, and profitability.

There are several types of benchmarking studies that businesses can conduct, including:

Internal Benchmarking

This involves comparing the performance of different departments or divisions within the same organization.

Competitive Benchmarking

This involves comparing the performance of a business to its competitors.

Functional Benchmarking

This involves comparing the performance of a particular business process or function, such as marketing or manufacturing, to other businesses that are known to excel in that area.

Generic Benchmarking

This involves comparing a business to other businesses in a different industry or sector that have similar processes or functions.

Strategic Benchmarking

This involves comparing a business to other businesses that are known for their best practices in strategic planning, innovation, and leadership.

We provide customised benchmarking studies using our proprietary AI-powered benchmarking application. The benchmarking analysis is performed in consultation with client to provide an optimal outcome.

We offer studies for the following transactions
  • Routine trade-related transactions such as manufacturing, distribution, and services.
  • Intangible-related transactions such as trademark and technology royalty.
  • Service agreement search.
  • Financial transactions such as loans and guarantees.
How it works
  • We understand the inter-company transaction and search strategy proposed by you. If you do not have a search strategy, we will frame a strategy and discuss it with you.
  • Once the search strategy is mutually agreed we will run the strategy on the database. Before extracting the data, we will share a screenshot of the number of companies appearing after applying the search strategy. We will modify the search strategy if you wish to change it at this stage.
  • The extracted data is then latched to our proprietary AI-powered benchmarking application. Our application would scrap the website of 100s (or 1000s) of potential comparable companies and generate business description and product/ service description from the website of each company along with analysing whether the company is a part of multinational group.
  • Our AI-powered benchmarking application would also take the screenshot of 100s (or 1000s) of the companies so that it can be served as audit evidence for tax audit.
  • Once the data is collated by our AI-powered benchmarking application, our team of transfer pricing experts would analyse/ screen these companies to identify potential comparable companies/ agreements;
  • We will then extract the relevant financial details of the comparable companies/ transactions so identified above and present our draft analysis to client;
  • Once the draft is reviewed by the client we will prepare full benchmarking report (including appendices)