Record-to-Report (R2R) Process Consulting

Business Applications

Integrating and automating how you collect, process and deliver your key financial and operational data helps create a more efficient and effective working environment that provides needed visibility into your entire operations.

Record-to-Report (R2R) Process Full Scope

Core Elements

R2R’s purpose is to unite five core accounting and finance components: transaction recording, period-end closes, financial consolidations, financial position analysis and the distribution of that information as a point-in-time report to stakeholders and regulators.

Fix Inefficient Processes

One break in your R2R chain can derail the effectiveness of your accounting and finance teams, which can diminish their strategic value to your organization. Detached processes and tools can slow your reporting and period closes, entail error-prone manual consolidations, reduce the quality of information used for strategic planning, and increase your compliance and audit burden.

Holistic Approach

Whether your challenges lie in one or multiple steps in the R2R process, by leveraging automation tools and best-in-class strategies, you can identify your obstacles then build a cohesive plan bringing every stage of the R2R process into a single continuum of activities. Access this through an end-to-end solution or specific support:

Recording

Link data across your various systems of record into one location

Close Process Management

Identify and automate repetitive tasks to save days in each month-end close

Consolidation

Implement improved workflows that replace manual reconciliations

Financial Planning & Analysis

Develop custom dashboards that help you generate more effective KPIs and forecasts

Reporting

Streamline processes and expand the types of reports you can produce for management and regulators

Article

With automated R2R, CFOs can make more informed decisions, build efficiency and improve compliance.

Gain Back Time

An enhanced R2R process gives you more time to dive deeper into reasons for inefficiencies, identify process improvements and develop strategies to alleviate these challenges, resulting in:

Refined Transaction Visibility & Processing

Access real-time information about your company’s performance

Empowered People

Give your skilled teams more time and tools to tackle complex challenges

Boosted Reporting Accuracy

Automate reconciliations for improved efficiency

Streamlined Compliance

Standardize processes and reduce your audit burden

Trusted Partner

Improving your R2R process requires an objective assessment of your accounting and finance functions. Armanino has the industry expertise to help you design and manage effective procedures for every stage. Our extensive software offerings can provide you a holistic solution to strengthen your strategic decision-making and gain insights into the state of your organization.