Helping you compare your business's financial performance against Canadian industry standards to identify opportunities for improvement
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DEEP DIVE ANALYSIS IN SECONDS
The Benchmarker® tool is designed to assist small-to-medium-sized enterprises (SMEs) in Canada by comparing their financial performance against industry standards. The tool leverages extensive datasets that provide a comprehensive suite of financial metrics, including revenue, expense, profit, and balance sheet details, complemented by key financial ratios.
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DATA VISUALIZATION
Transform your financial data into clear, easy-to-understand charts and graphs, making it simpler to identify trends and insights.
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CUSTOM AI SOLUTIONS
Leverage AI to get tailored financial analysis and recommendations specific to your business needs.
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SUPPORTING MASSIVE DATA SETS
Handle large volumes of financial data seamlessly, ensuring you get comprehensive and detailed benchmarks.
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CHAT WITH YOUR DATA
Engage with your data using intuitive chat features that allow you to ask questions and get instant responses.
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Your Comprehensive AI-Powered Data Solution
Built by Professionals, for Professionals
Benchmarker® is more than just a tool—it's a solution crafted by a team of dedicated experts with years of experience in financial analysis and data science. Our mission is to empower small and medium-sized businesses across Canada by providing them with the tools they need to make informed, data-driven decisions that enhances business performance.
Understanding NAICS Codes
NAICS Codes (North American Industry Classification System) are six-digit codes used to classify businesses based on their economic activities across North America. These codes are structured to offer increasing specificity: the first two digits represent the broad sector (eg, 81 for "Other Services"), the third digit defines the subsector, the fourth identifies the industry group, the fifth specifies the NAICS industry, and the sixth distinguishes the national industry. For example, NAICS code 813310 breaks down as an Aviation Club or Advocacy organization. It falls under the broader category of Social Advocacy Organizations, promoting interests related to aviation. These codes are essential in tools like Benchmarker® to provide industry-specific benchmarks, allowing businesses to compare their financial performance against similar entities for more informed decision-making.
KEY METRICS
CANADIAN NAICS CODES
INDUSTRY COVERAGE
2017-2022
YEARS ANALYZED
30K - 20M
REVENUE RANGES
ENG & FR
SUPPORTED LANGUAGES
1. Find Your NAICS Code
Identify your business's NAICS code for accurate benchmarking. Process: 1. Enter your NAICS code if known, or 2. Provide a business description to find the code from a reference file. 3. Confirm or adjust as needed.
2. Upload Financial Docs
Collect income statements, balance sheets, and cash flow statements in accepted formats (CSV, Excel, PDF, or Word). Process: After uploading, the system extracts and summarizes key financial information in thousands of dollars (000s). Confirm the data before proceeding to benchmarking.
3. Set Benchmark Parameters
Set the parameters for tailored benchmarking. Process: Input parameters include focus area (assets, liabilities, etc.), incorporation status, revenue range, location, year, and distribution type.
4. Retrieve Data
Retrieve relevant benchmark data based on the chosen parameters. Process: Data is displayed in a table with key metrics. Charts or graphs are added if helpful. Confirm the data format and make adjustments if needed.
5. Compare to Benchmark
Compare your financial data to industry benchmarks to identify strengths and improvement areas. Process: A comparison table with benchmarks, quartiles, and differences (higher/lower) is presented. Insights are provided, including possible recommendations based on the findings.
6. Analysis Options
Offer further analysis options, such as additional benchmarking, predictive analytics, or visual data representations. Process: Choose one of the final analysis options to gain further insights or conclude the process. If concluding, thank the user and invite them to return if they have further needs.
6 Steps of Benchmarker®
About
The video showcases Benchmarker® as a key tool for financial analysis and benchmarking, ideal for analysts, accountants, researchers, and educational institutions. It emphasizes the tool's precision in streamlining financial insights. Users can upload financial documents, which Benchmarker® will extract, summarize, and compare against industry standards. Highlighting insights on revenue, expenses, profitability, and key financial ratios, the video also covers features like benchmarking other areas, predictive analytics, and data visualization in Python. Financial professionals across Canada can adopt Benchmarker® to elevate their financial analysis.
