Record to Report

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

Learn More

Business Outcomes

USD 2.3

Billion valued open line items

100%

Elimination of manual processes

360°

View of end-to-end process

Business Outcomes

USD 2.3

Billion valued open line items

100%

Elimination of manual processes

360°

View of end-to-end process

The key to being an intelligent enterprise lies in adopting instinctive and intuitive applications

In the ever-changing landscape, next-generation businesses need embedded technologies to deal with macro and micro trends. Provide that distinctive and real-time insight to your financial teams for a holistic perspective of performance and opportunities

Associate

Design a hyperconnected ecosystem of internal and external stakeholders to consolidate expertise and enhance performance.

Anticipate

Develop agile centers of excellence with timely, predictive insight through advanced data analytics that combines design thinking with deep finance expertise

Adapt

Drive teams and workforce towards a robust digital economy by integrating man and machine for faster and error-free financial processes

The key to being an intelligent enterprise lies in adopting instinctive and intuitive applications

In the ever-changing landscape, next-generation businesses need embedded technologies to deal with macro and micro trends. Provide that distinctive and real-time insight to your financial teams for a holistic perspective of performance and opportunities

Associate

Design a hyperconnected ecosystem of internal and external stakeholders to consolidate expertise and enhance performance.

Anticipate

Develop agile centers of excellence with timely, predictive insight through advanced data analytics that combines design thinking with deep finance expertise

Adapt

Drive teams and workforce towards a robust digital economy by integrating man and machine for faster and error-free financial processes

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

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

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

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.

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Learn about the transformative benefits that Record to Report delivers to your business.

Click Here

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

NW - value added services - Incture Technologies

Deliver large-scale consumer customization by structuring unstructured data and amplifying end-user experience

NW - supply chain network - Incture Technologies

Transforming systems from report builders to insight generators through interactive dashboards, pattern detection capabilities, drill-down features, in-memory processing, and more

Learn more about our Cherrywork Intelligent Digital Applications

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

Deliver large-scale consumer customization by structuring unstructured data and amplifying end-user experience

Transforming systems from report builders to insight generators through interactive dashboards, pattern detection capabilities, drill-down features, in-memory processing, and more

Learn more about our Cherrywork Intelligent Digital Applications

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
.

Account Receivables Management

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

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

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

Enterprise Risk & Compliance

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

Financial Planning & Analysis

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

Account Receivables Management

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

Treasury Management

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

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.

Download Case Study

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.

Download Case Study

RESOURCES

Invoice Processing with ABBYY



Watch Video

FAQ Response



Watch Video

General Ledger Account Entry



Watch Video

Leave Approval Automation



Watch Video

Offer Letter Generation



Watch Video

Sales Order/PO Creation



Watch Video

PO to SO, PCI Sales Order Creation



Watch Video

RESOURCES

Invoice Processing with ABBYY



Watch Video

FAQ Response



Watch Video

General Ledger Account Entry



Watch Video

Leave Approval Automation



Watch Video

Offer Letter Generation



Watch Video

Sales Order/PO Creation



Watch Video

PO to SO, PCI Sales Order Creation



Watch Video

Company

Cherrywork Digital Applications

Digital Transformation Services

Industries

Resources

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

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

Accounting & Financial Controls

Enterprise Risk & Compliance

Financial Planning & Analysis

Account Receivables Management

Treasury Management