Positive 8 Services | Master Data Management

Eliminate duplicate and inconsistent records.

Improve data
accuracy across all systems.

Enhance
collaboration between departments.

Drive better decision-making with trusted data.

By ensuring your master data is consistently maintained and optimized, we help your organization achieve greater efficiency and reliability in its operations.

Our Approach to MDM

Assessment and Strategy

We begin by understanding your current MDM challenges and designing a tailored strategy to align with your business goals.

Data Consolidation

Our team identifies, and merges duplicate or inconsistent data entries, creating a unified and accurate master dataset.

Standardization and Governance

We establish clear standards and governance policies to maintain data integrity across all platforms and processes.

Integration and Automation

Leveraging advanced IT tools and techniques, we integrate MDM solutions into your existing systems, streamlining workflows and minimizing manual effort.

Ongoing Support and Training

We provide continuous support and training for your teams to ensure the long-term success of your MDM strategy.

How Our Experts Help

Our finance specialists ensure that your MDM processes align with financial best practices, enhancing reporting accuracy and compliance. Meanwhile, our IT experts bring cutting-edge technology and automation expertise to build and maintain efficient, scalable MDM solutions. Together, we create a seamless, reliable foundation for your business data.

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.

Client Overview

A leading manufacturer and supplier of cast and finished components to the Aerospace and Defence industries.

Their challenge

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

Our Solution

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.

The Outcome

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.

Consistent, reliable data for smarter operations