Record to report also known as R2C or RTC is a management process used for making strategical, financial and operational decisions based on the feedback and data available to understand how the business is performing.
A well-defined, end-to-end process can help finance organizations capitalize on the firm’s market position and leverage its assets. To enable better performance for our clients, we automate financial reporting processes, enable early revenue recognition, and enhance productivity. We partner with our clients in their journey of consolidating and harmonizing their Record-to-Report process. We provide strategic, financial and operational feedback that reveals the insights of organizations performance.
• R2R capabilities span • General Accounting & Treasury • Fixed Assets Accounting • Inter Company Accounting • Bank & GL Reconciliations • Treasury & Cash Management • Financial Reporting • Regulatory Reporting • Management Reporting • Tax Reporting
Companies invest most of their efforts related to R2R in recording & reconciling of data and closing the books, that includes errors checking and managing interfaces. Instead, a company should write and work with the business to understand the numbers and focus on making strategic decisions that will save cost and drive profit.
Hence at iOPEX, we save your efforts and time to automate repetitive and mundane tasks by leveraging intelligent automation processes with RPA and AI to have better visibility on your financial statements. So, what is the impact that our Automation capabilities can create?
With the amount of data available and the right use of our automation technology can help companies to leap bounds in the Record to Report Functions.