Record to Report
(R2R)

Better financial control & decision making by providing timely, accurate & relevant financial information

Quantazone BFSI: Procure to Pay | Order to Cash | Record to Report

Smarter Outsourcing Solutions

Global enterprises that have multiple accounting systems often face challenges in consolidating data for reporting and analysis. Moreover, they need to ensure that the close period is synchronized across geographical boundaries and that they are also compliant with local reporting standards.

Quantazone has deep experience in managing industry-specific accounting for reporting and reconciliations. We also leverage a range of technology tools to provide automation for Record- to-Report (R2R) activities such as month-end management, reporting, journal entry workflows and reconciliation.

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Record to Report (R2R)

An efficient CFO has a job of preparing the ongoing financial reporting as the corporate demands compel the financial leaders to examine their procedures and implement broad changes by way of financial reporting. Therefore, for an organization it is imperative to have an ongoing financial reporting done by an expertise of finance which includes financial reporting, working capital, insurance requirements, and ongoing financial viability requirements, financial MIS reports, decision making etc. Thus, for an organization it is essential to have an ongoing financial reporting being conducted systematically.
MIS is an effective tool that is adopted by the managers to evaluate the business processes and operations. It also includes the visual presentation of different kinds of information relating to financial projections that are supposed to be formulated. Business managers at all levels of an organization rely on the reports that are prepared by the senior financial officers. This helps in evaluating the business’s daily activities or problems that arise, making decisions, track progress etc. It is used by all sizes of the organization as it is the most effective financial reporting.

Month end closes shall be a process of evaluation of the financial transactions along with the assessment of the same at the end of the month. It is thus a fast track mode of recording and assimilating the transactions that happened during the month.

We will be reviewing the entire records of the company; we shall be checking the Accounts reconciliation, Journal entries, Review of Expenses, Approval system, Balance sheet review.

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