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The
Pharmaceutical Industry Accounting and Finance Benchmarking
Association™ (PIAFBA™) brings
together accounting and finance professionals from companies
in the pharmaceutical industry to conduct benchmarking studies
to identify practices that improve the effectiveness of accounting
and finance activities.
Mission
To identify "Best
in Class" business processes, which, when implemented,
will lead member companies to exceptional performance.
Objectives
- To conduct
benchmarking studies of important accounting and finance processes.
- To create
a cooperative environment where full understanding of the performance
and enablers of "best in class" accounting and finance
process can be obtained and shared at reasonable cost.
- To use
the efficiency of the association to obtain process performance
data and related best practices regarding accounting and finance.
- To support
the use of benchmarking to facilitate process improvement and
the achievement of total quality.
Membership
- The scope
of PIAFBA™ membership includes accounting and finance
professionals from companies in the pharmaceutical industry.
- Company
membership will be considered with respect to compliance with
PIAFBA™ mission, goals and operating guidelines, as well
as qualification of the organization within the scope of membership.
- Participation
in specific efforts will be optional and open only to members
with costs shared by the participants.
- We reserve
the right to review membership applications and to make the
final decision whether or not to accept any application. Consulting
firms are ineligible for membership
Benefits
of Membership
Studies:
- PIAFBA™ will
identify and present to members opportunities to participate
in Benchmarking studies on various topics addressing issues
of importance to the accounting and finance community.
There are
two types of Benchmarking studies provided:
- Consortium
studies are offered to the membership as a whole with costs
divided.
- Single
company sponsored studies addressing the interest of one
member company can be offered to other selected members for
no fee.
The association
will also support accounting and finance benchmarking efforts:
Roundtables:
- Interest
group roundtables will be organized throughout the year.
Members will pay a nominal fee to join real and virtual roundtable
discussions that address specific accounting and finance
processes.
Cost:
- Currently,
membership in PIAFBA™ is FREE! Costs of studies are
shared by the participants.
Signup for PIAFBA™ Membership & FREE Newsletter
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Current
Benchmarking Initiatives
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Click topic for more info
To
find out more
information:
Call (281) 440-5044
or
click here for email
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