Financial Data Integrity Rate
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Category:  
Operational

Measures the accuracy and reliability of financial data.

What it Measures ?

Are our financial records error-free?

Relevant StakeHolders 

Finance Ops, Audit Team

In-depth Use Case / Real-world Example

Financial Data Integrity Rate is calculated by assessing the accuracy and consistency of the company’s financial data over time. For example, if 98 out of 100 financial records are found to be accurate, the integrity rate is 98%. High integrity rates ensure that financial statements are reliable and that decision-makers can trust the data for strategic planning. A low rate could signal problems in data management, internal controls, or systems that need to be addressed to ensure more accurate financial reporting.

KPI Definition

Business Value

Movement Direction

Sample Formula

(Accurate Financial Data Entries / Total Entries) * 100

Should Aim For
1
2
3
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