Why Data Cleansing Matters
Poor data quality can lead to inaccurate reporting, misguided decisions, and wasted resources. Data cleansing eliminates these risks by identifying and correcting issues such as:
Duplicate records
Missing or incomplete information
Outdated or
irrelevant entries
Misformatted data
By improving data accuracy and consistency, we empower your finance teams to trust their data and focus on strategic decision-making.
Our Approach to Data Cleansing
We begin by thoroughly analyzing your datasets to
identify inaccuracies and gaps, tailoring a cleansing
strategy to your unique requirements.
Using a combination of automated tools and expert
oversight, we rectify errors, standardize formats, and
remove irrelevant entries while preserving data
integrity.
To ensure optimal results, we validate cleansed
data against established benchmarks and perform
rigorous quality checks.
Once the data is clean, we assist with integration
into your systems and provide guidance on
maintaining data quality over time.
How We Help Your Team
Our finance specialists understand the nuances of financial data, ensuring no critical
details are overlooked. Meanwhile, our IT professionals leverage cutting-edge tools
and coding expertise to streamline and optimize the cleansing process. Together, we
deliver results that enhance the accuracy, usability, and reliability of your data.
Transform your data into a powerful asset with our data cleansing services.
Let us help you unlock the full potential of your financial information.
Case Study
Positive8’s diverse team of professionals specialize in
delivering impactful solutions by leveraging our collective expertise
to address complex challenges and deliver outcomes that matter.
A leading manufacturer and supplier of cast and finished components to the Aerospace and Defence industries.
The client’s in-house Activity Based Costing (ABC) system revealed a potential overstatement of work in progress (WIP) valuations on their balance sheet. This issue prompted the management team to quickly determine the cause of the overstatement, assess its financial impact, and establish how long the error had affected their published results to better understand the true underlying profitability of the business
Positive8 was engaged to conduct a thorough analysis of the client’s financial data and
systems. We began by securing relevant backups of in-house databases, ERP systems,
and supporting documents in a controlled environment for detailed examination.
Our team identified discrepancies in the coding for different locations within the
system. We pinpointed the exact moment the coding error was introduced, allowing us
to refactor the code and create an auditable model that compared both the erroneous
and correct valuations. This enabled us to quantify the financial impact of the error
over multiple periods.
Once the analysis was complete, we presented a comprehensive report to
management, outlining our findings and providing actionable recommendations for
addressing the issues and improving the accuracy of the costing system.
With the insights and recommendations from Positive8, the client’s management team was able to confidently communicate the scale of the necessary write-off to investors. They also clarified the impact on the business’s underlying profitability and outlined the corrective actions required to stabilise their in-house systems development moving forward.
Talk to us
Speak to our team today and find out how we can help you get the solution your business needs.
