Start comparing your company's monthly performance to your peer group averages
Unlock the value of your existing key performance indicators (KPIs) by securely tracking results against your peer group's average, while ensuring your data remains fully encrypted and unreadable to both Peerformance and your peers.
HOW IT WORKS
01
SIMPLE
Easily navigate to the peer group that best matches your unique business. Join existing KPI studies or anonymously suggest new ones. Then simply provide an encrypted monthly data point for each study through your dashboard
02
SECURE
Your data is encrypted using your unique AWS KMS key and processed securely within an inaccessible AWS Nitro Enclave. With AWS CloudTrail, you can monitor the end to end journey of your encrypted data for transparency and compliance
03
INSIGHTFUL
Your data is retrieved and decrypted by your device and viewed through your dashboard where it is compared to the calculated averages which are trended over time with analytics applied
MEET PEERFORMANCE
BACKGROUND
Key performance indicators (KPIs) are essential business metrics tracked by all businesses but the value of these KPIs can be immediately increased, answering so many more questions, when there is a peer average to compare them to. Peer averages are common place in many industries but the complexity of the data submission, the cost of service, the infrequency of results and the risk of sharing readable data with a third party, are major factors stopping their broader acceptance.
OUR SERVICE
Peeformance addresses the barriers to participating in peer averages. Our monthly studies are inexpensive and require just one data point for participation. In some cases just the monthly percentage change is required rather the KPI result itself, or just the average result for what was producing it (average sales per sales person). Whatever is submitted remains unreadable at all times, removing all risk of data being seen by anyone outside the company.
TECHNOLOGY
Using cutting-edge AWS technologies, we encrypt your submissions end-to-end with AWS Key Management Service (KMS), process them in strict isolation within AWS Nitro Enclaves, and uphold rigorous access controls and audit capabilities with AWS Identity and Access Management (IAM). For added transparency, we offer you access to AWS CloudTrail, empowering you to monitor your data's journey firsthand. Your trust is paramount, and we're committed to protecting it.
Will Peerformance work for my business?
Absolutely, Peerformance is fully customisable, meaning it works for all businesses and all KPIs. Peer groups are based on Standard Industry Codes which can be adapted to fit any industry nuances. KPI measures are suggested by members of the peer group to ensure relevance. Whatever the KPI, it is measured in one of three ways..
01
Percentage change - simply submit the monthly change in your KPI result as a percentage
02
Efficiency - the KPI result divided by what was producing it (sales divided by sales people)
03
Absolute number - this is just the KPI result itself
Reasons to participate in Peerformance studies
You get far more back than what you put in - with at least 10 similar firms in each study, your data makes a small adjustment to the peer average, giving nothing away about your business. Participation does however have a significant impact on your opportunities by giving access to previously unseen data, putting you on a level playing field with the other participants and ahead of those that don’t participate.
Generate answers to previously answerable questions - Peerformance’s data encryption means your data is unreadable by everyone apart from you. This eliminates 3rd party risk and dramatically shifts the line between what can and can’t be analysed. External references to your most sensitive KPIs can now unlock your competitive intelligence
Make decisions earlier - use monthly results to make small adjustments to strategies rather than knee jerk reactions when it is too late. Business issues manifest and grow over time, the sooner you realise them better.
Understand potential efficiencies - realise what’s generating you peer's KPIs by dividing results by what’s producing them (sales/sales people, revenue/clients, leads/campaigns etc). Peerformance efficiency studies calculate the individual effort required to exceed the competition, providing targets for management to aim towards.
Independent analysis - Peerformance is industry agnostic meaning there is no ulterior motive for capturing data. The analysis is produced for the participants benefit and for their internal use only. It will never be published, marketed or shared with any third party, removing any need for Peerformance to ever see your data.