Trusted data for confident reporting

We help you maintain accurate master data that supports reporting, compliance, and business performance.

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The Importance of MDM

Disorganised or inconsistent master data can lead to inefficiencies and errors. With a robust MDM framework, your business can:

Eliminate duplicate and inconsistent records.

Improve data
accuracy across all systems.

Enhance
collaboration between departments.

Drive better decision-making with trusted data.

Optimised master data improves operational efficiency, reliability, and reporting across your organisation.

Our Approach

Assessment and Strategy

We analyse your MDM challenges and design a practical strategy for your organisation.

Data Consolidation

We identify and merge duplicate or inconsistent records to create a single accurate dataset.

Standardisation and Governance

We implement governance and standards to maintain accurate data across platforms.

Integration and Automation

We integrate MDM solutions into existing systems, improving workflows and reducing manual work.

Ongoing Support and Training

We support and train your teams to maintain effective master data management.

How Our Experts Help

Our finance specialists ensure master data supports accurate reporting and compliance. Our IT experts build scalable, automated MDM solutions. Together, they create a reliable data foundation that supports clear reporting and efficient operations.

Case Study

Correcting Costing Errors: How Positive8 Restored Financial Confidence

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.

Let us Help

If you need to improve master data management, speak to our team today!

Book a consultation