RTR : Record to Report SAP R2R Solutions: Optimize Your Processes
Throughout the record to report process, the focus must be on improvement and compliance. Organizations need to evaluate financial strategies and implement internal controls. These measures ensure adherence to accounting standards and regulatory requirements. The finance and accounting teams spend a substantial amount of time and effort gathering data on all business transactions and creating accurate reports. General Ledger Management and Reconciliation This includes capturing data from various sources such as sales systems, purchase what is record to report orders, expense reports, and banking transactions. Teams must ensure that all entries comply with established accounting principles and internal controls, creating … Continue reading
