F&A Record to Report Services (R2R) Automation Solutions

Positioned as a Leader by Gartner® in the 2024 Magic Quadrant™, Infosys BPM’s Record to Report solutions ensure on-time closure of books of accounts, accuracy and integrity of financial data, and compliance of financial statements with fiscal and statutory reporting requirements.

Why choose us for Record to Report Services & Automation Solutions?

Our Record to Report (R2R) solutions leverage our proprietary technologies, analytics, and deep domain expertise to enhance decision-making in financial reporting, thereby optimizing cash flow management. Some of the key highlights of our work in R2R process are:

• Over 325,000 accounts reconciled.
• Over 430,000 JEs posted per year.
• More than 125000 asset requests processed per year.
• Over 60,000 closing activities performed.

How Our Finance and Accounting Record to Report Solutions Deliver Value?

We partner with our clients in their journey of consolidating and harmonizing their Report to Report in accounting processes with the help of robotic process automation. To enable better performance for our clients, we automate financial reporting processes, enable early revenue recognition, and enhance productivity. What differentiates us in the Record-to-Report space is the wide range of services that we provide to our clients to transform their financial processes, including:

• Financial reporting includes filing statements such as form 10K / 10Q for client's filing with USA SEC, supported by our streamlined processes and intelligent automation to enhance efficiency
• Enterprise reporting, analysis, and planning support (budgeting / forecasting, variance analysis, investment analysis and non-financial reporting, competitor analysis)
• Testing and compliance for the Sarbanes–Oxley Act (SOX)
• Tax support for Europe VAT and GAAP-IFRS convergence, integrated with our record to report process

Digital components for Record-to-Report (R2R)

Our digital levers for R2R

Our portfolio of next-gen in-house and partner R2R solutions have been built to improve the efficacy of the organization’s month-end close, keeping in mind the realities of the current Gl processes. Our R2R automation solution suite includes real-time workflow capabilities for improved efficiency:

• Our partner powered end-to-end platform offering reconciliations, task management, variance analysis, JE automation, transaction matching and other allied modules
• Our revolutionary AI-driven “Hawk-Eye” solution designed to accelerate the close process identifying potential data and posting outliers through shadow validation of your current ERP data
• Prebuilt RPA Bot Library for most GL processes including manual journal posting
• Our ERP Playbook and BpaaS models to drive “transactions” such as divestitures and acquisitions

What does it mean for you?

• Up to 45% improvement in efficiency
• Accelerated month-end close
• Move closer to “Continuous Accounting”