leverage tech to ensure timely book closures with compliance, accuracy, and integrity
Book a demo Transform finance operations with an integrated record to report service solution
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.
Key stats
70% reduction in close time
50% of manual effort eliminated
2.77$ returned for every $1 invested
Why global enterprises choose our record to report solution
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.
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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”
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White Paper
White Paper
White Paper
Challenges and solutions for record-to-report solutions
Our record to report service solution utilizes intelligent automation and robotic process automation to eliminate manual data entry and streamline reconciliations. By unifying disparate workflows into a single record to report solution, enterprises typically realize up to a 45% reduction in their month-end close cycle.
Yes, our record to report solution is platform-agnostic and designed to integrate seamlessly with major ERPs like SAP S/4HANA, Oracle, and Microsoft Dynamics. This ensures a unified record to report service solution that maintains data integrity without requiring a complete overhaul of your current IT infrastructure.
Organizations leveraging our record to report service solution often see a return of approximately $2.70 for every dollar invested through reduced operational costs and improved capital allocation. Our record to report solution further drives value by minimizing audit fees and preventing costly compliance penalties.
Our record to report solution is built on a framework of strict adherence to US GAAP, IFRS, and SOX requirements. By embedding automated controls into the record to report solution, we provide real-time audit trails and regional tax expertise to ensure 100% compliance across all global entities.
Within our record to report service solution, AI-driven tools like "Hawk-Eye" perform shadow validation to identify posting outliers and potential errors before they impact the close. This transition to an AI-enhanced record to report solution enables "continuous accounting," shifting your team’s focus from manual verification to strategic financial analysis.
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