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
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