Record to Report
Digital enablement of powerful transactions from a financial,operational, and strategic standpoint.
- Open item clearance
- Write-off and Write back
- Refund and credit process
- Unbilled sales order
Record to Report
Digital enablement of powerful transactions from a financial, operational, and strategic standpoint.
Learn how a Danish business conglomerate with the help of hyperautomation leveraged digital applications for finance shared service processes such as :
• Open item clearance
• Write-off and Write back
• Refund and credit process
• Unbilled sales order
Business Outcomes
USD 2.3
Elimination of manual processes
View of end-to-end process
Business Outcomes
USD 2.3
Billion valued open line items
Elimination of manual processes
View of end-to-end process
The key to being an intelligent enterprise lies in adopting instinctive and intuitive applications
The key to being an intelligent enterprise lies in adopting instinctive and intuitive applications
Guided automation efforts and incubated intelligent automation drives value through financial reporting processes
Our hyperautomation solutions help reimagine, transform and build a robust record-to-report process through digital enablement of business processes.
Outcomes you can count on
On-time reconciliation with the help of smarter processes and analytics
Streamline cumbersome regulatory reporting process to focus on strategic tasks
Automation of management report generation saves time and increases transparency
Reimagining the financial closure process to increase productivity
Guided automation efforts and incubated intelligent automation drives value through financial reporting processes
Outcomes you can count on
On-time reconciliation with the help of smarter processes and analytics
Streamline cumbersome regulatory reporting process to focus on strategic tasks
Automation of management report generation saves time and increases transparency
Reimagining the financial closure process to increase productivity
Maintaining financial reporting integrity while embracing intelligent and interactive technologies
Designing processes by embedding internal controls within the system to enable businesses to achieve world-class standards through higher technology adoption
Learn about the transformative benefits that Record to Report delivers to your business.
Learn about the transformative benefits that Record to Report delivers to your business.
Cherrywork® Digital Applications for
Source to Pay Processes
Pre-packaged solutions to design a framework for faster and error-free financial processes
Apply advanced analytics and computing to identify and deliver innovation to financial reporting processes
Pre-packaged solutions to design a framework for faster and error-free financial processes
Record to Report – Future of Financial Reporting
Reshaping how companies undertake reporting by replacing manual operations with automatic systems and monotonous processes with analytical applications
Accounting & Financial Controls
Enterprise Risk & Compliance
.
Financial Planning & Analysis
.
Treasury Management
.
Advanced Compliance Reporting
Be updated with statutory reporting requirements and mandates across multiple geographies with deep domain insights
Financial Governance
Ensure meticulous financial governance and regulatory compliance through audit planning, data gathering, risk identification, and query resolution
Legal Contract Management
Efficient documentation through automation
Tax Management
Enhance organizations’ capabilities in strategic tax planning and filing and increase credibility in the eyes of regulatory authorities
Business Integrity Screening
Create accurate financial statements with efficiency and speed, thereby enhancing the integrity of financial records
Controls & Compliance Management
Ensures on-time payments processing, tax accounting, return filing support, local compliance, and reporting requirements
Enterprise Risk Management
Leverage our consolidation, standardization, and automation toolkit to transform financial planning and accounting
Policy Lifecycle Management
Centralized process for creating and managing policies, standards, and internal control procedures that are cross-mapped to external regulations and best practices
Collaborative Enterprise Planning
Enterprise-wide applications that provide structured workflows for the identification, assessment, and continuous monitoring of control activities
Service Cost Controlling
General ledger accounting solutions allow businesses to improve efficiency, bring down operational costs, and shift focus to key business activities
Management Reporting
Provides strategic, financial, and operational feedback on the performance of the organization to inform management and other stakeholders
Profitability Modelling & Optimization
Aids in financial planning & analysis to accurately interpret financial data and analyze business performance to propel business growth
Contract Accounting
Strong internal control procedures to manage accounts receivable, improve cash flow, ensure reliability, and combat the risk of fraud, error, and loss of assets
Credit Evaluation & Management
Integrated systems help carry out random checks to identify any unusual patterns, review balances, and flag large and overdue accounts
Dispute Resolution and Settlement
Analysis of validity of the dispute, status updation in ERP, online collection, refunds, or write-offs
Electronic Billing & Payment
Automated tools to standardize invoice creation, maintain and report receivable accounts, and collection and recording of invoice payments
Cash & Liquidity Management
Solutions to support businesses in cash forecasting, working capital management, and in-house banking
Debt & Investment Management
Aids in performing strategic and sensitive analysis of credit, liquidity, and market risks
Payment Bank Communication
Built on the foundation of proactive planning, straight-through processing, and efficient communication
Treasury Governance
Next-generation approach with a focus on integrated data, systematic controls, and automated processing
Reshaping how companies undertake reporting by replacing manual operations with automatic systems and monotonous processes with analytical applications
Streamlining Financial Service Processes for Logistics Conglomerate
Learn how we delivered a hyperautomation solution to clear over 2 million open items worth over 2 billion USD.
Streamlining Financial Service Processes for Logistics Conglomerate
Learn how we delivered a hyperautomation solution to clear over 2 million open items worth over 2 billion USD.
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