What is Preferred Benchmarking:
Preferred Benchmarking is a section on the Plan Insight Report, Plan Audit Report, or BAR Score Report to note the client's preferred comparison categories for upcoming benchmarking reports.
Client's may prefer to be compared to their exact industry, region and size, or they may have business in multiple regions or prefer to be compared to larger companies for future growth. This is a great place on the
How to Enter or Edit Preferred Benchmarking:
To enter or edit this section, enter your client name in the "Group" search tab in the top bar
Note - Type four letters/spaces to generate the dropdown list - for example, if the group name is "Dunder Mifflin," type "Dund" and the group name will generate in the dropdown list to be selected.
From the left hand menu, click Group and then select Governance:
If a Governance page exists for this group select the edit symbol , or click Add Governance to create a new page.
Scroll to the section labeled Advisor Insights and select a preferred Comparison Industry, Comparison Region and Comparison Group Size from the available dropdown menus.
These field will now be updated when the Plan Insight Report, Plan Audit Report, or BAR Score Report are generated. These selections can be updated or removed by editing the Governance Data Entry Page at anytime. This can also be left blank and penciled in during a meeting with your prospect or client.
Once you have the comparison fields, you can generate a Benchmarking Report. How to Generate Benchmarking Reports for an Existing Client