- Smart Processes
- Smart Systems
- Smart Devices
- Smart Data
Record to Report
Rising costs and reporting time pressures are ensuring that the Record to Report (R2R) process is moving higher up the agenda for CFOs. In addition, accurate and real-time financial information and management reports provide a competitive advantage and support executives in making business decisions. As a result, companies are now looking closely at the Record to Report cycle and the associated processes to reduce costs through automation, standardization, risk management, workflow and tighter controls.
Datamatics’ Record to Report Services offer innovative solutions and enable internal and external stakeholders to make informed decisions to avoid costly surprises.
- Accelerated closure of month-end activities
- Accurate and timely reporting’s
- 100% completion of all reconciliation items in-time
- Average aging of open items in Recon’s brought down from 6 months to 2 months
- ~40% cost reduction