Production Schedule Adherence

Measures the number of errors detected in financial reports and records.

What it Measures ?

How many financial mistakes are happening?

Relevant StakeHolders 

Finance Ops, Audit Team

Why it Matters ?

Tracks errors in financial operations.

In-depth Use Case / Real-world Example

Number of Financial Errors tracks the count of errors found in financial records, including misstatements, miscalculations, and incorrect entries. For example, if a company identifies 10 errors in its quarterly financial reports, this metric counts those 10 errors. High numbers of errors can signal weaknesses in financial processes, systems, or controls, which may lead to incorrect financial reporting or audit issues. Monitoring and reducing this number is crucial for maintaining financial accuracy and integrity.