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Benchmarking is a popular way for companies to measure their performance, and technology is expediting the practice. For example, the Hackett Group now offers a dashboard that automatically pulls data out of a company’s ERP system to track processes that a company is working to improve.

The tool, the Hackett Performance Exchange, addresses one of the basic challenges of benchmarking, “the level of time and effort it takes to get the information,” said Jeffrey Rosengard, a principal and global finance advisory practice leader at Hackett, a Miami-based strategic advisory and operations improvement consulting firm.

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