There are three main settings in Standard Metrics that govern how & when your data is shared. Each of these these settings (Access Level, Auto-Submission, Benchmarks opt in/opt out) function independently of each other.
This article will explain the following settings to help you manage how your data is shared:
Access Level in the Stakeholders tab
Auto-submission status
Benchmarks Opt-out
1. Access Level in the Stakeholders tab
What is "Access Level" in the Stakeholders tab?
Within the Stakeholders tab, under Connections, you have the ability to determine each of your connections' "Access Level". This determines whether metrics are automatically shared/updated to the investor. For each connection, you have the ability to choose "Shared" or "No Sharing".
Access Level: Shared
With the Access Level set to Shared, financial metrics entered by the company, or pulled via the accounting or payroll integration will be visible to the investor, in addition to the metrics you submit to the investor through the Investor Reports tab.
Additionally, metrics that the company has previously submitted to the investor in an Investor Report will be updated for your investor if they are later edited in an Investor Report to another investor, updated via the accounting integration, or edited by the company in the Metrics tab.
Custom Metrics are never shared through this process unless explicitly entered in an information report.
Financial metrics that will be shared when Stakeholder Access Level is set to "Shared":
Cash In Bank
Net Burn
Runway
Total Operating Metrics
Revenue
Net Income
COGS
Net Profit
Gross Profit
Net Operating Profit
Gross Margin
Net Assets
Assets
Liabilities
Equity
Long Term Liabilities
Accounts Payable
Current Liabilities
Property Plants and Equipment
Other Current Assets
Accounts Receivable
Current Assets
Access Level: No Sharing
With the Access Level set to No Sharing, the only metrics submitted to the investor are those that the company submits through the Investor Reports tab.
Metrics pulled in via the accounting integration, added/edited in the company's Metrics tab, or input via another investor's Investor Report will not be sent to the investor with a No Sharing Access Level, nor will they update the investor's data.
2. Auto-submission setting
Within an Investor Report, auto-submit allows any metrics that are input to be automatically submitted to the investor. Auto-submit is turned off by default.
When auto-submit is off, users must click Submit at the bottom right of the Investor Report, or the report will not be shared with the investor.
How do I turn on Auto-submission?
Auto-submission can be turned via the General section of the Settings tab.
2. Auto-submission can also be turned on at the bottom ribbon of an Investor Report.
3. Benchmarks Opt-out
Using Benchmarks, you’ll gain valuable insights into how your company compares to others in your sector and revenue scale, using the same tools and data VCs rely on for measuring performance. All data shared in Benchmarks is aggregated and anonymized.
Opting out
Companies who do not wish to include their data in benchmarking can opt out via the General section of the Settings tab. After opting out, the company will no longer have access to its Benchmarks.
For additional information regarding Benchmarks, check out this article.
Have questions? Feel free to send an email to support@standardmetrics.io and our team will return your email.