Peer Executive Groups And Peer Tech Combine Forces To Release Financial Benchmarking Tool
The Californer/10077423

ATLANTA - Californer -- Peer Executive Groups (PEG) announced today a new sister company, Peer Tech (PT), along with its first product, an affordable real-time, quarterly, financial benchmarking tool.

This tool is functionally complete and will go live for all PEG members and beta testers by the end of the month and benchmark Q1 2020 data before being released broadly in July to benchmark Q2 2020 data.

"Originally, we were planning to release this fall," says PEG CEO Dan Crowley. "With the rapidly changing impacts on many rental companies' financials, we decided it was critical to move up the release to give better visibility into what is going on in the market and with their peers." It is clearer than ever that companies' financials themselves don't paint a clear picture. If sales are up 5%, that doesn't mean much by itself, but once that data is compared to the performance of similar companies, it becomes valuable and actionable.

More on The Californer

• Crowdfunding Campaign Tips Off for 'NAWFSIDE' Short Film Highlighting Pressure in Youth Sports
• Icarus IFE Systems Launches the Icarus One Portable Inflight Entertainment System — The World's Most Advanced Offline AI-Driven IFE Platform
• AEI Stands Firmly with Pakistani Aircraft Engineers facing retaliation for reporting safety concerns
• Literary fiction novel- 'Skylark' wins Bronze Medal
• Kaltra unveils reversible microchannel coils – engineered for modern heat pumps

The tool will benchmark three categories on release: Debt & Liquidity, Productivity, and Rate of Change. These three categories and their corresponding KPIs will give users the ability to quickly and visually compare their business to industry averages in a way that creates actionable insights. It will also have multiple filters to narrow the benchmarks to companies with similar operations in many categories like size and location. "We like to compare the reports you currently get from your software to the map books drivers used in the '90s, while the newer dashboards available from top ERPs are like GPS," comments Josh Nickell, PT co-founder. "This tool should function like traffic-aware Google Maps." It doesn't replace the functionality of a high-quality ERP; it enhances it.

While the benchmarking tool will eventually come at a cost, PT is doing its part to help companies who are struggling right now and need access to this kind of data. To support the industry, PT will be offering the tool at no cost to those who sign up for early access at PeerTechApp.com until later this year when things begin to improve. No credit card or contract will be required.

More on The Californer

• Phinge Announces Proposal to Combat Billions in Government Waste, Fraud, and Abuse with Proactive, Hardware-Verified Netverse App-Less Platform
• Author Calls Trump the Most Racist President in US History
• DERMA-CODE™ Announces Ingredient Transparency and Molecular Innovation in Skincare
• Michelle L Crocker releases a new book called Do Not Date An Asshole
• Taboo: The Lost Codes of Men — A Bold New Book Confronting the Crisis of Modern Manhood

ABOUT

Peer Tech is the sister company of PEG that focuses on data analytics, and benchmarking for the rental industry as well as being a link to the best technological solutions for your rental business.

PeerTechApp.com

Peer Executive Groups is a partner of the American Rental Association and provides Peer Advisory Group solutions and support to the ARA Financial Planning and Analysis Report data collection and review process.  Peer Executive Groups facilitates 21 groups and has over 200 attendees at their twice-annual meetings.

PeerExecutiveGroups.com