Shak Akhtar

General Manager Finance Automation Redwood Software

Pre-Conference Workshops and Main Day One, Tuesday, 17, September, 2024

11:00 AM Master the Touchless Close: Redefine Your R2R Process

Join us at Redwood’s exclusive workshop where the innovative concept of Touchless Close in R2R takes center stage. This event is designed to help you reimagine and revolutionize your approach to financial reporting, offering an opportunity to learn from experts and peers who have successfully navigated this journey.


Workshop highlights

•            Real-world strategies: Implement a highly automated, efficient R2R process with minimal manual intervention.

•            Seamless integration with SAP: Leverage automation to enhance accuracy and compliance.

•            Transform your financial close process: Turn it into a strategic asset through comprehensive automation.

•            Case studies from industry leaders: Hear directly from Energy Transfer and Jabil about their journey towards automated R2R processes.


Key sessions

•            Energy Transfer's transformation: Discover how Energy Transfer achieved end-to-end R2R automation, resulting in:


•            45,000 hours saved annually.

•            88% reduction in time spent on bank reconciliations, decreasing from one hour to seven minutes per reconciliation.

•            Retirement of Blackline and Winshuttle, leading to improved efficiency and reduced user errors.

•            Standardization of processes to enhance audit readiness and visibility.

•            Improved scalability without increasing headcount and enhanced skill development for accountants transitioning to analytical roles.


•            Jabil's automation journey: Explore how Jabil has leveraged Redwood’s automation solutions to enhance their R2R processes, resulting in significant improvements in efficiency, compliance, and accuracy. Key highlights include:


•            Saved 95,000–120,000 hours annually by automating balance sheet certification and other manual tasks.

•            Standardized processes across 100+ company codes, significantly improving data quality.

•            Achieved substantial cost savings by reducing audit fees and developmental costs.

•            Enhanced dashboard capabilities that further increase time savings and operational efficiency.

Check out the incredible speaker line-up to see who will be joining Shak.

Download The Latest Agenda