Typically, retail systems manage the store's profit and loss only down to Gross Profit.  Which, if you're operating within the fast moving consumer goods sector of retail would run at any where between 20 and 40%.  When all other costs of doing business are considered, that is eroded to less than 10% and if you're a supermarket, your EBIT (earnings before interest and tax) could be as low as 3%.  It makes sense to compare your cost of doing business to other like businesses - find out for sure if you're paying too much for electricity or if your wages are too high.

Bas-XPlus business benchmarking provides corporate, multi-store retail groups and single store operators with a seamless interface into the store's accounting system in order for financial data to be pulled back, comparisons made and reports generated.  Individual stores are categorized to enable like business to be compared - a small stand alone store tha's the only place in a small town to buy groceries can't meaningfully be compared to a large supermarket in the city that is part of a multi-store group and next door to a major chain store.

Store owners can quickly assess how their sales and profit margins compare to their peers and where they need to renegotiate supply agreement where they are paying more than their peers for some services.

Bas-XPlus business benchmarking is an essential tool for banner groups and franchise groups to ensure compliance with best practice policies and procedures.