Comparing your real estate costs to similar banks via industry reports can give you a general idea of where your spending lies on the spectrum. However, to truly realize potential savings, it's important to dig deeper into your own real estate footprint.
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Internal real estate benchmarking for banks
1. MAKING BETTER DECISIONS IN A
COMPLEX BANKING WORLD
How internal benchmarking gives deeper
insight into your real estate portfolio.
2. Every bank wants to know
how real estate costs impact
their business.
But getting a good picture of their
portfolio can be challenging.
3. Measuring performance
compared to competitors is a
good start, but it has limitations.
Every bank is different and comparing apples to
oranges doesn’t produce the best insights.
4. That’s why more and more
banks are turning to internal
benchmarking –
Assessing the performance of each location based
on established standards and comparing the results
to identify opportunities for improvement.
5. Internal benchmarking gives
you a better picture of
your business – so you can
compare apples to apples.
And that can mean clearer progress, better
decisions and a more efficient portfolio.