Record-to-Report (R2R) is a complex F&A process area that not only provides critical insights into a company’s strategic, financial, and operational business performance to relevant stakeholders, but is also the custodian of all organizational data. As CFOs and finance teams work toward becoming strategic advisors to the business, many are short on time and resources when managing their R2R processes manually. They often struggle with disparate data, manual spreadsheets, localized processes, and multiple legacy systems that lack automated processes. Even for companies that have digitized their data, lack of proper information-sharing leads to poor process visibility and limits the ability to generate holistic insights. In today’s competitive business environment, amid market and economic volatility and a changing regulatory environment, complexities for the R2R function are growing. Hence, finance leaders are under increasing pressure from internal and external stakeholders to address these pain points through increased and efficient technology intervention.

In this report, we discuss the R2R technology landscape and embedded next-generation technologies such as RPA, advanced analytics, and blockchain, as well as their role in future-proofing the R2R function. We also examine the major R2R technology categories – treasury management systems, financial controls & automation suites, Corporate Performance Management (CPM), and business intelligence & analytics.

Scope:

All industries and geographies

Contents:

Drawing insights from our extensive research, this study addresses the following topics:

• The current R2R landscape and challenges within R2R
• R2R technology framework, key categories, and embedded advanced technologies
• Emerging themes and key adoption criteria in R2R
• R2R BPO market trends and evolving talent considerations

Membership(s)

Finance and Accounting

Sourcing and Vendor Management