UK: Your Data. Your Opportunity? - Helping Finance Directors get the Most from their Data

You run a busy department, have numerous responsibilities to fulfil and many deadlines to meet.

You are confident that there are no anomalies behind your numbers and any which arose would be quickly picked up and remedied by your internal control procedures.

You rely on certain key reports to make important business decisions and you have absolute confidence in these reports.

There are times when you make special requests for reports that are not ‘the norm’ and you always get any extra detail in no time with minimal trouble.

You can always assume that the data you use on a day to day basis is accurate and reliable.

When you have some specific questions about your data, the people around you can find answers quickly.

Does this all sound familiar? Or maybe not? If the absence of these scenarios is preventing you from taking your department and business to the next level, or just from running things more effectively, perhaps you need to talk to us.

The range of data services we can offer are as diverse as the organisations we work with. Here are just a few examples:

Perform specific investigations into problem accounts to identify the root cause of any imbalance.

Model your transactional data to uncover hidden relationships or prove suspected trends.

Generate reports which you require but your systems or IT department have not quite been able to deliver.

Support significant provision balances by modelling historic behaviour.

Understand general ledger journals posted and highlight journals which may be worthy of further investigation.

Analyse your Accounts Payable to look for duplicate payments and rogue suppliers.

Confirm the accuracy of key reports by recalculating from source data.

Identify and investigate suspicious payroll increases and recalculate your payroll balances.

Ensure that you are billing everything you can.

Gaining maximum advantage from your supplier payment terms.

Be sure that you are not missing out on recovery of input VAT.

We can help you provide the services your business demands.

We will help you quantify and identify your current problems, helping you to understand your data more effectively and enabling you to provide a better service to the business.

We are experts at extracting, handling and processing large amounts of data in our purpose built, dedicated, data room. This ensures both the efficient turnaround of your data with secure processing and storage.

We will understand your data and your data generating processes and provide the extra dimension that you have been missing.

Finally, we will provide articulate, concise answers which will add real value to your decision making process and your business.

Deloitte is a name known and trusted by key stakeholders, including Boards, Audit Committees and, ultimately the markets.

Our Technology Assurance and Advisory practice has over 400 practitioners, many of them qualified accountants, who understand finance and the systems that support business and financial operations.

Our dedicated Data Management team works with numerous prestigious organisations, with a wealth of experience across all industries. Collectively, we have many decades of dedicated data management experience. 

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.