As part of the Conference of Finance Faculties held at the Poznan University of Economics, the President of our company - Pawel Kossecki presented the functionality of the benchmarking program created by us. The program is an example of the application of science, i.e. financial analysis and statistics in practice. Benchmarking analyses are prepared obligatorily by entities preparing transfer pricing documentation.
In our opinion, benchmarking is such a useful method that it can also be successfully applied to unrelated companies for the purpose of assessing profitability or financial forecasting. The tool designed by us can be used by financial and controlling departments, as well as by the Board of Directors for business decision-making.