Poor data quality leads to inaccurate reports and wasted time. Data cleansing removes these risks by finding and fixing issues such as:
By improving accuracy and consistency, we empower your finance teams to trust their data and focus on strategic decision-making.
Our Approach
We analyse your datasets to identify inaccuracies and gaps, and create a strategy unique to your requirements.
We use automated tools and expert knowledge to help rectify errors, standardise formats, and remove irrelevant entries.
We validate cleansed data against established benchmarks and perform rigorous quality checks.
We assist with integration into your systems and provide guidance on maintaining data quality over time.
How We Help Your Team
Our finance specialists know financial data inside out, so nothing gets missed. Our IT experts use advanced tools and coding to make your data accurate, reliable, and ready to use, quickly and efficiently.
Turn your data into a powerful asset with our data cleansing services and unlock the full value of your financial information.
Case Study
Correcting Costing Errors: How Positive8 Restored Financial Confidence
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.
Let us Help
If you can't trust your data and are looking to improve it, speak to our team today!
