Transform To Perform
Financial reporting is the single version of truth on business performance. Accurate and real-time financial information and management reports provide companies a competitive advantage and support business heads to take better decisions. Today, CFOs are under increasing pressure from internal stakeholders, investors and regulators to report numbers faster and more accurately, while providing deeper insight into business performance.
Get accurate and insightful reports in real-time that help to leverage strategic and operational insights and mitigate risks better. Datamatics helps companies transform their record to report (R2R) process cycle by using a mix of Robotic Process Automation (RPA), intelligent data and workflow solutions, and advanced business analytics. The R2R process automation solution, reduces transaction times considerably, especially when processing routine transactions, such as posting journal entries and documenting month-end activities. Datamatics record to report solution optimize enterprise processes, such as General Ledger Accounting & Reconciliation, Inter-company Accounting, Fixed Assets Accounting, Audit, and Tax Accounting. The executive dashboards provide users with a comprehensive view of cost structures and processes across the organization.
Worth invoices processed per year through successful implementation and delivery of enterprise wide BPM automation and digitalization efforts at scale
Invoices processed per year with 99.9% accuracy by using point solutions as well as end-to-end automation models spanning larger geographies
Finance & Accounting Experts both in house as well as on consultant basis to deliver precision solutions in a timely manner
Cost reduction for F&A customers thus ensuring a secondary source of revenue generation in parallel with that from the business as usual activity
Automate GL accounting and streamline operations to build up audit readiness
Generate monthly and quarterly reports for review of senior management
Monitor competitive performance as well as financial liquidity and agility
Maintain up to date records for financial compliance and reporting to statutory agencies
Improve group level, intra company and inter-company accounting
Enhance visibility, accountability, and traceability across all transactions in the ecosystem
Maintain high levels of readiness for third party and statutory audits through automation best practices and audit trails
Ensure corporate governance and end to end reporting of each and every fixed asset
Create value through process automation and optimization as well as enhanced and accurate reporting mechanism
Track capital expenditure, value of fixed assets, and their depreciation year-on-year
Streamline operations for accounting, valuation reporting, balance sheet tracking, financial planning, and annual reporting
Quickly assimilate data from payables, receivables, and ledgers for building audit readiness
Generate auditable trails through end to end automation of the record to report process cycles
Impart high levels of accountability and responsibility throughout the enterprise
Maintain clear profit and loss statements, balance sheets, and score cards
Adopt a systematic approach to optimize different aspects of operations, tax accounting, and improve bottom line
Use data obtained from record to report processes to build strategic blueprints to improve tax accounting and reduce tax liability in step with regulatory standards and requirements
Finance & Accounting team periodically gathers the accounting data from different systems and creates a detailed report and analysis for the review of the leadership and management teams. Record to Report Automation automates the entire process right from gathering the data from different systems related to F&A and the operational data, processes, and analyses it, and brings forth the different KPI highlights to weave a visual story about the financial performance of the business enterprise.
It expedites the data collation and report generation for fulfilling internal and external compliance procedures, verifies and validates the data, highlights the anomalies for remediation, and frees up key resources to work on high value tasks.
It improves visibility, transparency, and traceability across all the F&A transactions and processes. It creates value through process optimization and automation and creates a sound base for financial planning and analysis as well as annual report updation.
Many F&A processes, such as General Ledger Accounting, Reconciliation, Inter-company Accounting, Tax Accounting, Audit, etc., can be automated under R2R Automation.
R2R Automation affects timely reconciliations at pre-defined frequency in order to capture the latest data for reporting. In this process, R2R Automation streamlines processes and builds up audit readiness.
CFO in the Manufacturing Industry
Company Size: 500 Mn - 1 Bn USD
Head Collection Strategy Analytics & QA in the Finance Industry
Company size: 500 Mn - 1 Bn USD
Senior Executive in the Construction Industry
Company size: 1 Bn - 3 Bn USD
Datamatics is a technology company that builds intelligent solutions enabling data-driven businesses to digitally transform themselves through Robotics, Artificial Intelligence, Cloud, Mobility and Advanced Analytics.