The Benefits of Automation
Manual processes can be time-consuming and error-prone, leading to inefficiencies and compliance risks. By adopting automation, your organization can:
Save time and reduce operational costs.
Minimize human error for more accurate reporting.
Enhance data analysis capabilities.
Ensure consistent compliance with regulatory requirements.
With automation, your team can focus on high-value tasks, driving strategic decision-making and growth.
Our Automation Expertise
From financial statement preparation to month-end closing processes, we automate repetitive tasks, saving time and ensuring accuracy.
We streamline IT performance tracking and reporting, providing real-time insights and freeing up valuable resources.
Our solutions simplify compliance reporting, ensuring you stay up to date with the latest regulations effortlessly.
Every organization is unique, so we design and implement tailored automation systems to meet your specific requirements.
How We Work
Our team of finance and IT specialists combines deep industry knowledge with expertise in automation
technologies. We work closely with you to understand your processes, identify automation opportunities,
and implement robust, scalable solutions that deliver measurable results.
Transform your finance and IT functions with innovative automation services.
Let us help you achieve operational excellence with solutions that work for your business.
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.
