Record-to-report processes

For the last decade, companies such as yours have been faced with increasing challenges in Record-to-Report processes. Over the past two decades the arrival of fully-integrated Enterprise Resource Planning (ERP) systems, the race for faster consolidated reporting to the investment community, and new regulatory requirements, i.e. Sarbanes Oxley (SOX) have placed very high demands on your organizations’ ability to capture, validate, and correct general ledger information.

Accounting policies, procedures and standardized chart of accounts

General ledger functions and journal entry processing

Inter-company accounting and account reconciliations

Fixed assets and project, cost and inventory accounting

Tax accounting services

Compliance and controls

Monthly close process, financial consolidations and financial statements

IBM Finance and administration (F&A) solution provides answers to these demands allowing you to transfer and continuously optimize several Record-to-Report processes. In addition to process improvement, IBM’s asset-based solutions offer you the opportunity to leverage existing investments in ERP, with common or multiple general ledgers, by using tools that enable process excellence resulting in accurate, controlled, efficient and fast recording of financial accounting transactions with full capability to address both internal and external demands.