Master data

FTSE 100 Company “overstates” its half-year profit guidance by £250m

As you probably know, a leading supermarket in the UK is under some scrutiny for having overstated its half-year profit guidance by £250 million. We have no knowledge of what went wrong and only the investigation will be able to tell how and why something like this could happen in this FTSE-100 company. Whatever the outcome, this is an opportunity for C-level leaders to examine whether they are taking the necessary precautions to minimise these risks to their company. Here at Seismi, we believe that robust financial master data processes aligned with tight financial systems integration are the key to eliminating these issues. We are even offering a complimentary master data review to help CFOs and CTOs understand, mitigate and formulate long term plans to enhance their financial master data management processes.

Find out more here or contact us.

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