The first session in the series focuses on the critical areas of balance sheet and intercompany reconciliations.
The record to report (R2R) process is essential for accurate financial reporting and decision-making. In today’s environment of heightened financial reporting scrutiny, the R2R process presents challenges such as data accuracy, process efficiency and compliance. Our event series on the R2R process addresses these issues, equipping you with the tools and knowledge to transform your process and achieve better outcomes.
Session 1: Achieving real-time insights in balance sheet substantiations and addressing intercompany reconciliations
The first session in our series focuses on the critical areas of balance sheet and intercompany reconciliations. These processes are time-consuming and heavily dependent on multiple stakeholders, often leading to significant communication challenges between teams. Also, they are often largely manual and are typically initiated at the end of the month. Such complexities can cause delays in the month-end financial close, impacting internal controls, accuracy and timeliness of financial reporting.
Through our discussions, we aim to provide you with actionable strategies to enhance efficiency, improve collaboration and ensure a smoother, real-time financial close.
Key highlights:
- Practical challenges in intercompany and balance sheet account reconciliations: Explore the challenges including data availability and communication and understand their impact on financial reporting.
- Best practices for data integrity and automation: Understand the tools and technologies used to ensure effective communication, data accuracy and integrity throughout the reconciliation process. Learn how automation, AI and advanced data analytics can streamline manual tasks, reduce errors and enhance overall data quality.
- Case studies: Case studies of organizations that have successfully transformed their reconciliation processes and the benefits achieved by these organizations.
This event is now over. For enquiries, please contact the organizer.