When businesses face financial distress requiring turnaround scenarios, legacy systems, poor integrations, or bad data become critical risks leading to:
Restoring both system health and data integrity is essential to stabilise the finance function and enable recovery.
Our Approach to Finance Turnaround
We begin with a rapid review of your finance systems,
data flows, and reconciliations. This identifies root
issues such as broken logic, stale data, or manual bottlenecks.
We extract, standardise, and reconcile critical data. Our
team corrects coding issues, resolves cost roll errors, and
restores confidence in balances through structured system recovery.
We stabilise your core platforms and guide safe ERP
migration. This includes consolidating master data
and embedding governance to prevent recurring failures
in reporting or reconciliation.
We implement automated workflows, reporting tools, and
integrated processes. This reduces manual risk, improves
accuracy, and provides real-time insight across your finance function.
How We Help Your Team
We work closely with your finance, IT, and operational teams to quickly identify breakdowns in data, systems, or processes. Our specialists provide hands-on support to reduce pressure, resolve critical issues, and upskill your team along the way. Whether it's rebuilding reconciliations, improving reporting, or managing system transitions, we make sure your team gains clarity, confidence, and control throughout the turnaround journey.
Case Study
Streamlining Claims Payments & Reducing Costs:
How Positive8 Optimised Operations
A London-based underwriter specialising in specialty lines business, operating through both Company and Lloyds Syndicate platforms.
The organisation required enhanced control over claim payments, while simultaneously looking to reduce costs within its Finance function by transferring certain activities to an Offshore Shared Services Centre (SSC). This required a careful balance between streamlining operations and maintaining strong governance and accuracy in claims payment processes.
As Data Analyst, Positive8 worked closely with cross-functional teams to design and
implement processes that ensured claim payments were correctly authorised and accounted
for, particularly in complex business relationship scenarios. We also documented these
processes and created training materials to equip Offshore SSC staff with the knowledge and
tools to manage these tasks effectively.
We established and monitored daily, monthly, and quarterly reconciliation reporting
procedures to ensure that reconciling items were identified and resolved in a timely manner.
Additionally, we produced a quarterly reporting pack to support the consolidation of
financial information and regulatory reporting requirements.
Throughout the transition, Positive8 provided ongoing management support to the Offshore
SSC, acting as an escalation point for issues that required cross-departmental collaboration
to resolve.
The transition to the Offshore SSC was successfully completed, with significant financial benefits. Multi-million GBP in duplicate claim payments were identified and recovered, while previously unrecorded liabilities, amounting to several million GBP, were identified and properly booked. The implementation of these processes not only improved financial control but also reduced operational costs, driving long-term efficiency within the Finance function.
Talk to us
Speak to our team today and find out how we can help you get the solution your business needs.
