Record-to-Report Challenge
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The Record-to-Report Challenge
Record-to-Reports (R2R) is the control system that turns operational facts into defensible financial statements. The CFO’s office needs three things in this domain—speed, quality, and assurance—delivered together.
From the CFO’s chair, R2R pain shows up as slippage in Days to Close, spikes in post-close adjustments, and audit findings. In our experience, beneath these symptoms, a series of breakdowns create chaos:
- Late or back-dated journals bypass the close calendar and distort results.
- Intercompany breaks and growing suspense balances stall consolidation and mask the P&L.
- Manual reconciliations and control overrides slow cycles and weaken governance.
- Fragmented execution across ERPs and shared services leaves no single, time-stamped source of truth.
What ties these together: weak real-time visibility and late feedback loops. By the time a dashboard flags the issue, quarter-end has already absorbed the impact.
How FUTUROOT Delivers on the CFO’s Priorities
Think of your month-end close as a busy airport where hundreds of “flights” must land on time and in sequence for the airport to operate smoothly. Traditional R2R reporting is like getting weather updates after the storm has passed—you know flights were delayed, but not why or where the breakdown started. Process mining gives you the control tower view.
FUTUROOT makes the close easy to see and easy to fix.
It pulls facts from your systems and shows the real flow in one place, highlighting the few items that will slow you down.
Speed
Days to Close and Period-End Closing Rate are primary signals of close speed. FUTUROOT monitors calendar adherence and removes bottlenecks, ensuring a predictable and faster close without requiring a data scientist.
Quality
Journal Entry Error Rate and Manual Adjustment Rate drive rework and post-close adjustments. FUTUROOT identifies risky entries, enforces templates, and detects repeat fixes to reduce errors and standardise non-standard work.
Assurance
Control Breach Rate and Intercompany Difference Aging are proxies for audit exposure. FUTUROOT flags unmatched differences early and prevents overrides to lower audit findings and ensure on-time consolidation.
See How It Translates into Action
Done right, this shifts R2R from end-of-month heroics to a controlled, near-continuous close.
| Supplier Stage | What FUTUROOT does | What you get |
|---|---|---|
| Journal Entry Quality | Spots risky/back-dated entries and enforces templates | Fewer errors, fewer manual fixes |
| Account Reconciliations | Highlights ageing items and reduces manual matching | Faster close, less rework |
| Intercompany | Flags unmatched differences early and escalates big breaks | On-time consolidation |
| Period-End Close | Monitors calendar adherence and remove bottlenecks | Predictable close windows |
| Compliance & Controls | Prevents overrides and captures full evidence | Lower audit findings |
| Adjustments & Rework | Identifies repeat fixes and standardises them | Sustained effort reduction |
| Reporting Readiness | Orchestrates lock-to-management-pack handoff | Faster reporting to leadership |
Related Resources
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case study
Standardising Global Operations with Data-Driven Process Intelligence
A Turkish brewer faced inconsistent processes across countries. FUTUROOT used process mining to benchmark and standardise operations, improving efficiency, compliance, and enabling €1.2 million in automation savings.