Record to Report is at the center of the finance organization’s processes and is a critical link in the finance information value chain. The Record to Report drives the transformation of transactional data from upstream operational processes into complete, correct and compliant information to populate consolidated results which underpin information provided to stakeholders; feed reporting processes at the legal-entity level; and provide the basis for statutory and tax accounting reports.
In this white paper, advisors from The Hackett Group dive into the results from their 2020 Account-To-Report performance study and discuss:
- The challenges finance organizations across the globe have been facing since early 2020
- The impact of the financial close process having to “go virtual” almost overnight
- How most organizations responded well and delivered on time despite significant disruption
- Best practices to overcome the significant performance gaps exposed during the COVID-19 crisis
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