Financial Modeling Assessment and Remediation
User-developed spreadsheets provide input for a variety of internal and external financial reports. The risk of error in these complex financial models is high. Sirius Solutions assists clients by increasing confidence in the accuracy of spreadsheet models and their impact on strategic decision making, management reports and financial statements.
Our experience suggests that organizations are often faced with the following challenges surrounding financial models:
- Deficient controls for data collection, input and verification
- Manual and semi-manual inputs from a multitude of sources
- High reliance on a very limited group of people to execute the model
- Poor performance due to weak or nonexistent standardization
Sirius Solutions has the technical expertise and business acumen to complete Financial Modeling Assessment and Remediation engagements in a variety of industries and functional areas. Our consultants follow a proprietary methodology, customized to each client situation, for assessing spreadsheet risk.
Sirius Solutions offers a broad advisory portfolio including:
- Assessment – Detailed review of the inputs, interfaces, sources and processes used to obtain data and generate outputs for the model
- Model Remediation – Implementation of controls for key cells and ranges along with input and output validation
- User Training – Development of end user documentation and training
Sirius Solutions Article - Update on Hot Fuels Litigations (MDL-1840)
Press Release - Sirius Solutions Expands Client Business Advisory Services and Support
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