What Finance needs is benchmark data to drive R2R wins

The imperative to deliver "better and faster" across R2R is pushing many organizations to consider their priorities as they plan for improvements across financial close and related activities. And while reconciliations tops the list of 'problem areas' faced, lack of standardization and automation are common hurdles across all processes recently surveyed for R2R effectiveness.

Indeed, while reconciliation presents an obvious starting block for transformation, the management of the close process presents the biggest headache to finance executives.

However, despite interest in automation growing year-after-year, there has, until now, been minimal research available to show where and how organizations are automating their R2R processes most effectively ... or whether they are achieving their goals.
 
To better understand the real opportunities, this report summarizes the findings of a global survey of 200 companies.

It highlights not just what has been automated to date – but also the priorities for the future.

Some interesting variations emerge across industries:

• Banking and insurance is twice as likely to struggle with reconciliation issues as are manufacturing or retail;
• Retail has difficulties in close management and transaction matching.

 
Download this report now for an up-to-date benchmark of Finance best practices, and a deep dive into the details that drive the Record to Report (R2R) process specifically.