Do you have clear line of sight of all the models, forecasting tools and calculations used in your organisation both to support crucial decisions and also providing operational and reporting needs?
Are your inputs, assumptions and calculations standardised, documented and monitored frequently and do you have a peer review process of models used for operational needs or transactions?
Can you quantify the risk of spreadsheets and other models used in your business? Do you accurately report on this risk?
Recent spreadsheet errors in several industries have emphasised the value in having a model governance framework.
Model risk management and effective model governance is a key focus for regulators in several regulated entities. Model errors and specifically spreadsheet failures are common in any industry and the benefits of a robust model governance framework extends into non-regulated entities.
It is vital to the success of your business to have your models independently reviewed for quality and integrity.
KPMG can support you on every step of your model journey.
Our modelling and data solutions have supported a wide range of clients across multiple sectors on the following:
Our experienced team consists of experienced modelling consultants, qualified accountants and taxation professionals. We have a long established track record in providing modelling support to clients across a variety of sectors, including financial services, aircraft leasing, insurance, energy, healthcare, consumer products and property management.
Our approach can aid key management decisions. Features of our work include: