Sageworks aggregates private-company financial data at a rate of nearly 1,000 statements per day. This allows users of Sageworks to access real-time data, showing trends in different industries and setting standards for industry benchmarking. Accountants and business owners use the benchmarking data on a regular basis to see how the company being analyzed differs from its peer group. The benchmarking analysis allows them to identify both potential areas to improve as well as areas where the company is currently outperforming the benchmarks. A best practice would be to complete this benchmarking analysis quarterly so that slight changes can be recognized and mitigated early if necessary.