Record to Report
An efficient Record to Report function is critical for ensuring that your organization meets its compliance and reporting mandates. Most organizations today are looking to future proof their Record to Report function by making it a decision support body catering to business demands.
Wipro’s R2R practice helps realize this core finance function objective by equipping you with industry leading best practices, robust proprietary tools, technology enablers and strategic alliances.
How Wipro Helps
Wipro's Record to Report Service encompasses processes like journals, reconciliations, chart of accounts maintenance, intercompany accounting, period end close, consolidation, and control & compliance, amongst other industry specific processes. Our vast experience in delivering these services to customers across the globe, robust skilled labor pool, niche technology solutions, standard delivery & transformation practices help us bootstrap organization's R2R function to Best In Class (BIC) delivery performance.
Our services helps you overcome the following challenges:
- Extended time to close
- Lack of process automation
- Lack of efficient reporting
- Need for greater transparency in operations
- Poor control and compliance
- Inefficient audit support
You can leverage Wipro's Record to Report Service for efficient reporting and better compliance:
- Enable Decision Support: We focus on driving standardized, faster, and accurate reporting. Our business objective driven financial analytics helps evolve your Record to Report function into a decision support factory.
- 100 per cent Compliant Process Delivery: Our strong in-built control and compliance framework ensures that all aspects of your engagement and process controls are compliant. Our strategic alliances with niche global service providers facilitates country level compliance by providing regulatory know-how including updates on regulatory changes, review of financial statements for local GAAP compliance, and aid physical regulatory filings.
- Process Automation: Our proprietary suite of tools Base)))™ brings next-gen automation to all core Record to Report processes
- Collapse 'Time to Close': Our WipCloseTM Methodology helps you reduce time to close through process re-engineering, and Base)))™ automation solutions
- Efficient Audit Support: You can maintain complete transparency in operations through real time process dashboards, 100% audit trail maintenance through Base)))™, and overall compliance with SSAE 16, SOX and ISO 27001 amongst other regulations.