Understanding the R2R cycle for finance professionals

🔍 Think R2R controls are just about ticking boxes? Think again. Most finance teams overlook the true power of Record-to-Report [R2R] processes—yet, it’s the backbone ensuring your financials are accurate, compliant, and decision-ready. Here's a reality check: Companies that neglect R2R controls face more than just audit delays. They risk losing investor trust, damaging management’s credibility, and inviting costly regulatory scrutiny. In analysis of top-performing finance functions, those with mature R2R controls saw: ➡️ 30% faster closing cycles ➡️ 25% fewer audit findings ➡️ Clearer insights for strategic decisions The secret? Robust controls bring transparency, foster trust, and smooth the audit process—turning compliance into a competitive advantage. We’ve already covered P2P and O2C—the operational engines of finance. Now, R2R ties it all together, ensuring your numbers tell a true story. Next week, we’ll explore Hire-to-Retire [H2R]—where people processes meet financial impact 👥. Ready to unlock the full potential of your finance operations? 👇 What’s the biggest R2R challenge your team faces? Drop your insights below! #InternalControls #SOXCompliance #FinanceTransformation #Audit #FinancialReporting

Excited to share insights on R2R (Record to Report) process excellence! 🌟 Achieving a smooth, efficient, and error-free financial close is essential for every organization. Here are the key metrics that drive R2R success: • Closing Calendar Adherence • Closing Calendar Effectiveness • JE (Journal Entry) Posting Productivity • JE Posting Accuracy • JE Automation • BS (Balance Sheet) Reconciliation Timeliness • GL (General Ledger) Account Reconciliation Coverage Focusing on these metrics not only ensures compliance and accuracy but also paves the way for continuous process improvement and value creation within the finance function. How is your organization leveraging R2R metrics for better financial governance? Let’s connect and share best practices! #FinanceTransformation #R2R #ProcessExcellence #ContinuousImprovement

Finance teams are buried under invoices, reports, and compliance checks, yet 70% of those tasks are repetitive. 𝗘𝗻𝘁𝗲𝗿 𝗙𝗶𝗻𝗮𝗻𝗰𝗲 𝗔𝗜 𝗔𝗴𝗲𝗻𝘁𝘀🚀 They’re not just automating; they’re learning and adapting to make your workflow faster and more accurate. 👀 In this quick reel, see 4 powerful use cases in action: 1️⃣ Invoice Processing 2️⃣ Expense Management 3️⃣ Financial Reporting 4️⃣ Fraud Detection The result? - Faster closes, - Cleaner books, and - Stronger fraud protection - 👉 Read our full article here: https://lnkd.in/dP-84_-r #financeautomation #aiagents #digitalworkforce #CFO #sunflowerlab #TeamSFL #finance #financialreporting #automatedworkflows #invoiceprocessing #management

R2R Series – Part 1: What is R2R (Record to Report)? 📌 In finance, R2R (Record to Report) is one of the most important processes. It simply means: collecting, processing, and delivering financial data so management can make the right decisions. 👉 What does R2R include? • Recording daily business transactions (sales, purchases, expenses) • Reconciling accounts (bank, intercompany, balances) • Closing the books every month/quarter/year • Preparing financial statements (P&L, Balance Sheet, Cash Flow) • Reporting results to management, auditors, or regulators 👉 Why is R2R important? ✔ Ensures financial statements are accurate & transparent ✔ Helps management see the company’s real financial health ✔ Supports compliance with laws & audit requirements ✔ Builds investor and stakeholder confidence ✨ Takeaway: R2R is not just about reporting numbers—it’s about turning financial data into insights that guide business decisions. 💬 Question for you: Do you think automation will replace manual R2R closing in the next 5 years? #R2R #Finance #RecordToReport #FinancialClose #Accounting

The Importance of Record to Report (R2R) in Business Success The Record to Report (R2R) process is more than just accounting—it’s the backbone of financial transparency, compliance, and decision-making in any organization. It provides business leaders with timely, accurate, and actionable insights to steer the company in the right direction. 🔑 Why R2R is Important: 1️⃣ Accuracy & Transparency – Ensures financial data is captured correctly, giving a true picture of business performance. 2️⃣ Compliance & Risk Management – Helps organizations meet statutory requirements and reduces the risk of errors, fraud, and penalties. 3️⃣ Informed Decision-Making – Converts raw financial data into insights, empowering leadership to make strategic business moves. 4️⃣ Efficiency & Productivity – Streamlined R2R processes reduce manual errors, improve close cycles, and save time. 5️⃣ Stakeholder Confidence – Reliable financial reporting builds trust with investors, regulators, and internal teams. 6️⃣ Performance Measurement – Provides visibility into KPIs, profitability, and cost management, helping businesses improve continuously. ✨ In short, R2R is not just about closing books—it’s about opening doors to better strategy, growth, and sustainability. 💡 Organizations that invest in strong R2R practices gain a competitive advantage through clarity, compliance, and confidence. #R2RProcess #FinanceStrategy #account #accounting #AccountingExcellence #CorporateFinance #FinancialHealth #FinanceMatters #BusinessDecisions #DataDrivenFinance #OperationalExcellence #FinanceProfessionals #SmartFinance #AccountingSolutions #BusinessClarity #FinancialCompliance #FinanceOperations #GlobalFinance #FinanceAndAccounting #FinanceLeaders #AccountingWorld #FinanceCommunity #FinanceInsights #FinanceManagement #FinanceGoals #FinanceJourney #FinanceInnovation #FinancialManagement #GlobalFinance #FinanceLeaders #FinanceStrategy #AccountingCycle #FinancialControl #Accounts #ERP #FinanceExcellence #FinanceOperations #ManagementReporting #StatutoryReporting #Consolidation #FinancialAccuracy #FinanceInsights #FinanceAndAccounting #CFOCommunity #FinanceTransformation #BusinessFinance

Can you reduce aged AR without increasing finance headcount?      Yes – and we’ve done it before.      👇 Here’s how we can do it for you too.      #KeenanReid #AccountsReceivable #CashFlowMatters #DSO #OperationalExcellence #ExecutionMatters #CashConvert #RevenueToCash #FinanceLeadership  

🧾 Claims & Deductions: the silent margin drain. For many CFOs, managing claims and deductions is still a manual, reactive, and time-consuming process. The result?    •   Lost revenue through write-offs    •   Poor visibility of true margin    •   Strained customer relationships 🚀 Automation changes everything. With the right tools, finance teams can:    •   Automatically match claims & deductions against invoices and contracts    •   Flag high-risk or high-value disputes for fast resolution    •   Trigger AI-driven workflows for approvals and escalations    •   Provide real-time dashboards on revenue leakage and recovery The payoff? ✅ Faster resolution ✅ Higher recovery rates ✅ Stronger customer trust ✅ Finance freed up for strategy, not chasing disputes 💡 Question for finance leaders: How much of your claims & deductions process is still manual today? #AutonomousFinance #ClaimsManagement #Deductions #FinanceAutomation #CFO #FinanceTransformation

🔹R2R Series (Part 9): Journal Entries in R2R Journal Entries (JEs) are the backbone of the Record-to-Report process. They ensure that all financial transactions are correctly recorded in the books before moving into reporting. ✅ Why Journal Entries are Important? • Ensure accurate and complete financial records • Record adjustments, accruals, and provisions at period end • Help align financial statements with accounting standards • Provide audit trails for transparency and compliance 🔑 Types of Journal Entries in R2R: Regular Entries – Day-to-day business transactions (sales, purchases, expenses). Adjusting Entries – Month/quarter-end accruals and provisions. Reclass Entries – Moving expenses/revenues from one account to another for accuracy. Closing Entries – Transfer balances from revenue/expense accounts to retained earnings. Manual JEs – Any ad-hoc corrections not captured automatically by the system. 📌 Best Practices: • Automate recurring JEs to reduce manual workload • Ensure proper approvals and segregation of duties • Maintain supporting documentation for audit purposes • Perform periodic reviews to avoid misstatements ⸻ 💡 Journal Entries are not just postings—they form the building blocks of reliable financial reporting. #R2R #RecordToReport #JournalEntries #MonthEndClosing #AccountingProcess #FinancialReporting #Reconciliation #AccountsPayable #AccountsReceivable #FinanceCommunity #AccountingTips #SharedServices #AutomationInFinance #ClosingAndReporting #AuditAndCompliance 😊

Finance leaders: unlock immediate workload wins with automated payment cards and systems. 🚀 Here’s how payment automation drives finance team efficiency today: • Auto-reconciliation slashes month-end close time and errors. • Real-time spend controls prevent out-of-policy spend before it happens. • Automated coding maps transactions to GL accounts instantly. • Policy compliance is enforced in-flow with smart approvals. • Receipt capture is automatic—no more chasing employees. 📸 These automated payment systems free your team from manual checks so you can focus on analysis, forecasting, and control—without the busywork. CFOs and finance leaders: read the article and drop your biggest bottleneck in the comments. What slows your close the most?👇 #FinanceTeamEfficiency #PaymentAutomation #AutomatedPaymentSystems #CFO #FinOps

As business leaders, we often talk about growth, innovation, and strategy. But let’s not forget — sustainable growth rests on strong financial foundations. One such backbone is the Record to Report (R2R) process. It’s not just an accounting routine; it’s the system that transforms raw data into meaningful insights for decision-making. Here are the major steps in R2R every business must master: 1️⃣ Data Collection – Gathering financial transactions across the organization 2️⃣ Journal Entry Posting – Accurately recording them in the books 3️⃣ Reconciliations – Bank, intercompany, and GL validations 4️⃣ Adjustments / Corrections – Accruals, prepayments, error handling 5️⃣ Trial Balance Review – Ensuring books reflect reality 6️⃣ Reporting – Delivering P&L, Balance Sheet, and Cash Flow with integrity 👉 When done right, R2R is more than compliance — it becomes a strategic tool for clarity, control, and confidence in business decisions. As Finance Professional, we must treat R2R not as a back-office task, but as a strategic enabler of growth. #Leadership #Finance #RecordToReport #BusinessGrowth #CFO #Highlight #Finance #R2R #RTR #Financial_Reporting