You can use Peer Data to make calculations, create charts, and compare your performance to industry standards. This gives you a clear picture of where your company stands and will help you identify areas of improvement.
Prerequisites
The Measure Library will be enabled for your account by our support team, please contact us at [email protected] to request access.
Previewing Measures
From the Control Panel click on Automation
Click on Measure Library under Data Integrations
Use the Search Measure Library to search for a specific Measure
Alternatively, you can use the dropdown arrow to the left of the search bar and use the dropdown menus to filter the Measures.
Once you have located the desired Peer Measure, click on it to see a Preview
On the Charts tab, you can view the graphical data associated with the shared measure
The Measure Data Grid allows you to view the shared measure series and data
The Measure Definition provides greater insight into what the measure is tracking and how from the contributing organization
The Contact Information is available if you would like to ask further questions or network with the contributor of the measure.
Once you have determined that this is the Measure you want to include in your account, click on Add to My Account
Adding a shared Measure to your account
We recommend you check the previous steps if you haven’t already.
When you click Add to My Account, a new smaller window will open.
Click on the Destination Scorecard dropdown menu to select which Scorecard the shared Measure will live in once it has been added to your account.
Click the radio button next to Add as a new Measure
You can give the Measure a custom name, though by default it will be the [name of the contributing organization] – [the original measure name]
You also have the option to link the measure to an Objective in your account, by default it will be set to Not Linked
Click the check box next to the shared Series you would like to include.
You can give the series a custom name here
Once you are done with your configuration, click Add to My Account
You will then be prompted to view the Measure in your account. The measure will exist in your account with the shared Series you selected grayed out in the Measure Data table.
This means that the series is a calculated series that is automatically populated with data from the selected peer organization’s ClearPoint account. You can then add additional series with your own data or edit the Measure however you would like from within your account.
Adding shared series to an existing Measure in your account
Adding from the Measure Library
When you click Add to My Account, a new smaller window will open.
Click on the Destination Scorecard dropdown menu to select which Scorecard the shared Measure will live in once it has been added to your account.
Click the radio button next to Add series to existing Measure
Select an existing Measure from your account using the dropdown menu
Click the check box next to the series you would like to include under Series to Add
You can give the series a custom name
Once you are done with your configuration, click Add to My Account
You will then be prompted to view the Measure in your account. If you scroll down to the data table, the shared series you selected to include will be grayed out in the Measure Data table. This means that the series is a calculated series that is automatically populated with data from the selected peer organization’s ClearPoint account.
If you would like to include the newly added shared series to your chart for benchmarking, you can do so in the same way you would normally include additional series in a chart. See our help article on Adding and ordering chart series for more information.
Adding from a Measure Detail Page
Select Scorecards & Elements from the Control Panel
Choose Manage Elements
Open Measures
Locate the Measure you are going to be working with, in this example, ‘Revenue’.
Click on the edit Pencil icon
Navigate to the Series tab
Click on the Plus icon
Enter the name of the new Measure, it should probably include some indication of which peer organization you plan to pull data from.
Make sure that the Data Type matches the other series in the Measure, as well as the Peer Data that you plan to include.
Navigate to the Calculations tab
Under Calculation Type select Shared Series
Select Peer group using the dropdown menu
Select the Peer that contributed the data you want to include
Select the Measure from the dropdown menu
Select the Measure Series using the dropdown menu
Navigate to the Peer Preview tab
Once you are done with your configuration, click Save
If you scroll down to the data table, the shared series you selected to include will be grayed out in the Measure Data table. This means that the series is a calculated series that is automatically populating with data from the selected peer organization’s ClearPoint account.
