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Avasant Research Expands Benchmarking Capabilities with the Launch of Business Economics

Los Angeles, CA – February 28, 2025 – Building on 35 years of industry leadership with Avasant’s renowned Computer Economics IT Spending and Staffing Report, Avasant Research is proud to introduce Business Economics—a comprehensive benchmarking solution that extends beyond IT to business functions, including procurement, finance and accounting (F&A), and human resources (HR).

While Computer Economics has provided organizations with crucial insights into IT spending and staffing, Business Economics takes this further by offering key operational metrics across core enterprise functions. These reports deliver data-driven insights to optimize costs, improve efficiency, and drive strategic decision-making.

According to Partner and Research Lead Swapnil Bhatnagar, “As enterprises navigate an increasingly complex business landscape, data-driven decision-making is more critical than ever. With the launch of Business Economics, we are extending our industry-leading benchmarking beyond IT to core business functions, empowering organizations with the insights needed to optimize operations, enhance efficiency, and drive strategic growth.”

Key Features of Business Economics Reports:

    • Ten in-depth chapters segmented by company size and industry sector
    • Over 30 key benchmarking metrics per function
    • Performance-enhancing KPIs for strategic decision-making
    • Technology adoption trends within procurement, F&A, and HR
    • Industry-specific insights across Banking and Finance, Energy and Utilities, Healthcare Payors, Healthcare Providers, Life Sciences, Discrete Manufacturing, and Process Manufacturing

Key Metrics by Function:

Procurement

    • Budget Allocation: Indirect Procurement Function Budget as a Percentage of Revenue and SG&A
    • Efficiency Metrics: Corporate Employees per Procurement Staff Member
    • Spend Analysis: Indirect Procurement Spend by Category
    • Process Optimization: Days Payable Outstanding (DPO), Top 10 Procurement Systems

Finance & Accounting (F&A)

    • Budget Breakdown: F&A Budget Allocation by Category
    • Operational Efficiency: Percentage of Invoices Paid On-Time, Annual Number of A/P Invoices Processed
    • Technology Insights: Primary Business Systems for ERP and FP&A
    • Performance Benchmarks: Days Sales Outstanding (DSO), Percent of Invoices Straight-Through Processed

Human Resources (HR)

    • HR Budgeting: HR Function Budget as a Percentage of Revenue and SG&A
    • Workforce Optimization: Corporate Employees per HR Staff Member, Cost per Hire
    • Technology Utilization: Top 10 HR Systems, Percentage of HR Tech Specialists by Unit
    • Employee Management: Attrition Rate, Payroll Cycles Per Annum

Download the Executive Summary for Free

For a sneak peek into Business Economics, Chapter 1 (Executive Summary) is available for free download.

For more insights and updates, visit our Business Economics webpage here.

About Avasant

Avasant is a leading management consulting firm that specializes in digital transformation, technology strategy, and business optimization. With a commitment to data-driven insights, Avasant Research empowers enterprises with actionable intelligence to drive operational excellence and innovation.

For more information, visit https://www.avasant.com.
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Visit our Business Economics webpage here

For media inquiries, please contact:

Samantha Rattan

samantha.rattan@avasant.com

+1 868 747 8256