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VfM Indicators

Value for Money (VfM) Indicators are the leading benchmarking tool for assessing value for money in the public sector. HM Treasury specifically recommends collecting and reporting against indicators for organisations with more than 250 employees.

CIPFA has the widest range of benchmarking data for back-office functions which are under transformational review in many parts of the public sector at present. You can assess performance of finance, human resources, information and communication technology, estate management, procurement, legal functions and communications.

VfM Indicators will assess your organisation’s performance and pinpoint its strengths and weaknesses, helping you to make more informed decisions on budget and performance improvement. The system also provides you with solid, data-related evidence to support decisions. 

Get the results when you need them

Your report will enable you to access information and data that will be essential to help you modify and plan your work programme.

Simply return the completed questionnaires as best fits with your internal requirements and we will deliver your comparison report, benchmarked against your sector and across the whole public sector.

Features

You can use VfM Indicators to:

  • self-assess your performance using robust and relevant indicators
  • pinpoint the strengths and weaknesses in your organisation 
  • identify areas of efficiency and improve your use of resources
  • compare your financial performance with your peers
  • see how your departments compare individually and across the piece
  • demonstrate to the board your commitment to improving efficiency
  • compare your financial satisfaction with your peers.

Seven streams

The VfM Indicators cover seven key corporate service activities:

Survey tool

Our survey tool provides a mechanism for you to survey users and commissioners of the services that you sign up to. It also allows you to collect data around user ICT competence for those taking part in that area.

Other useful information

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