Finance and Accounting

Record to Report

Today's CFOs often struggle to improve their organization's ability to deliver better information, faster reporting, more quality time for data analysis, and strong governance.

To deal with these challenges, companies need to build better record-to-report operating models that combine process, technology and analytics and be a cornerstone of intelligent enterprise operations that are able to sense, act - and learn from their actions - at scale.

Solutions

Genpact's Record to Report (R2R) solutions draw on our Lean DigitalSM approach that brings together leading-edge digital technologies, design thinking, and Lean management principles to deliver impact aligned to business outcomes.

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We design, transform, and run end to end record to report services that encompass accounting, closing and reporting solutions for statutory and local accounting principle requirements. We also enable high-end processes like tax compliance, statutory reporting, financial planning, budgeting and analysis, treasury, and product costing.

Our dedicated team of global subject matter experts drives value across organizations by deploying process expertise, our Systems of EngagementTM for Finance and Accounting suite, Data-to-Action AnalyticsSM, and Smart Enterprise Processes (SEPSM) framework. We provide:

  • Global harmonization of processes, closing calendars, reconciliation frameworks and templates
  • Reconciliation, intercompany, and fixed assets policies that drive effectiveness and efficiency
  • Frameworks for close optimization, report rationalization, cost allocation, reconciliation, service placement design, and financial planning and analytics (FP&A) process redesign
  • A strategic partnership with a Big 4 firm for global end-to-end compliance and reporting
  • Prebuilt analytical solutions for rapid deployment and faster time to insight
  • Surprise-free operations with our proprietary control frameworks
  • Global coverage, deep expertise, capabilities, and tools

Genpact serves over 100 clients from delivery locations in India, China, EMEA and Latin America in more than 20 languages. Our global experts team deploys deep and diverse industry expertise to drive best practices, benchmarking and transformation.

Our digital Systems of EngagementTM technology seamlessly complements enterprise resource planning systems and business intelligence tools through modules that include workflow, a close tracker, and the reconciliation automation customized to meet business requirements.

Impact

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