Q: Why should I benchmark my club using Club Data Online?
Q: How are the subscribing clubs ranked?
Q: Why is the industry ranked into Top 25%, Mid 50% and Low 25%?
Q: What is EBITDARD?
Q: How does CDOL deal with different Charts of Accounts & Systems?
Q: Where is the data collected from each month?
Q: How long after the reporting month can I view my data?
Q: Do I need to buy software?
Q: Is my information safe?
Q: Does Club Data Online provide training?
Q: Why should I benchmark my club using Club Data Online?
- To ensure your club’s profitability & efficiency
- Benchmarking allows you to compare your club’s performance against the greater club industry, giving you factual information on which to base your business decisions. Benchmarking takes away the ‘gut-feel’ out of decision-making. By benchmarking with Club Data Online, you can compare your club’s performance overall and drill down to the key areas that affect your business, e.g. bar, gaming, food, marketing and more!
- If the performance of your club is affected positively or negatively, how have the other clubs been affected and do introduced regulatory changes (e.g. smoking legislation) affect your club the same way that they affect others? Furthermore, don’t be misled by the size matters debate! It’s all about making your profits work efficiently.
- To comply with Corporate Governance responsibilities.
- Benchmarking will assist board members to fulfill their roles and responsibilities to the club and its members.
- To ensure the future of the industry
- Benchmarking assists the Club Industry to argue its case to all stakeholder groups, e.g. government, community. By gathering detailed performance and operational data on an industry wide basis, the Industry can undertake detailed economic modeling to assess the likely impacts of any proposed regulatory changes.
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Q: How are the subscribing clubs ranked?
The Financial and Gaming Modules use different ranking systems:
- Financial – Clubs are ranked according to their operating efficiency which is established by calculating their EBITDARD as a percentage of total revenue. From highest to lowest, clubs are then grouped into the Top 25%, Mid 50% and Low 25% categories, which are clearly displayed throughout the reports.
- Gaming – Clubs are ranked by net profit per machine per day. From highest to lowest, clubs are again grouped into the Top 25%, Mid 50% and Low 25%.
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Q: Why is the industry ranked into Top 25%, Mid 50% and Low 25%?
- The three-tier comparison is a benchmarking standard throughout many other industries. It provides a greater level of detail than simply measuring your performance against a one-dimensional average.
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Q: What is EBITDARD?
- EBITDARD is the leading indicator when it comes to measuring the operating efficiency & operating cash flow of a licensed club operation.
- EBITDARD translates to earnings before interest, tax, depreciation, amortisation, rent & donations are deducted. Club Data Online also excludes all non-core trading activity such as football operations, on-course golf operations and diversification activities so as to compare clubs on an equal footing.
- This allows low revenue and high clubs to be compared. The performance measure is based on efficiency (expenditure control as opposed to volume of revenue and club size.
- EBITDARD / Total Club Revenue X 100 = Operating Efficiency %
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Q: How does CDOL deal with different Charts of Accounts & Systems?
- CDOL maps the individual clubs Chart of Accounts to the CDOL generic Chart of Accounts.
- This allows CDOL to map the accounts that are common across all clubs and to exclude accounts that are not of interest.
- The mapping process allows CDOL subscriber clubs to be compared on an equal footing month in and month out.
- CDOL deals with all financial and gaming systems in the club market.
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Q: Where is the data collected from each month?
- The club uploads or emails an electronic copy of the completed Monthly Trial Balance to CDOL allowing CDOL to extract the data for the Financial Module.
- The club uploads or emails an electronic copy of the completed Monthly Performance Reports to CDOL allowing CDOL to extract the data for the Gaming Module.
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Q: How long after the reporting month can I view my data?
- Financial data and Gaming data are published separately. For example: Your July Financials will be published on the 5th working day of September and your July Gaming will be published on the 15th working day of August.
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Q: Do I need to buy software?
- No. Club Data Online is web-based and the information is accessible via protected password.
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Q: Is my information safe?
- Yes! Club Data Online data is comprehensively protected with the latest technology in Dynamic Authentication Filter software, data encryption and is hosted with Australia’s leading web hosting service, Web Central. Furthermore, your data cannot be viewed by other clubs or organisations. Only password holders at your club can see your club’s data.
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Q: Does Club Data Online provide training?
- Yes, training and review sessions are conducted to ensure all relevant staff members are confident in the interpretation and analysis of Club Data Online reports. This training is provided at no additional charge.
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