Our job portal provides real-time tracking, offering visibility into the progress of tasks and projects, enhancing collaboration and transparency. Befree’s experts keep you compliant with evolving tax laws, minimising risks and penalties. A proprietary tool for account reconciliations, WNS’ RecTrac leverages automation, analytics and intelligent rule-based workflows for real-time visibility on reconciliation status. We provide statutory treasury reporting, mandated disclosure requirements (FAS 52, 133/61, 115, 157), and transfer pricing reports for multiple jurisdictions to comply with reporting requirements. We draw from our R2R solutions and frameworks to map your process blueprints and design and implement a target operating model for reduced workload and deeper insights.

Tax Accounting

• In short, R2R provides the valuable information that companies need to thrive and succeed.
• The South Korean airliner that crashed at the Muan International Airport on Sunday made a mayday call shortly after the control tower warned about birds in the area, according to a briefing from the Land Ministry.
• We leverage digital and emerging technologies to enhance organizations’ capabilities in strategic tax planning and filing — and their credibility in the eyes of regulatory authorities.
• Another man who lost his daughter in the crash, 71-year-old Jeon Je-Young, told Reuters he didn’t hear from his daughter immediately before the crash.
• The jet initially attempted to land on runway no.01, when the control tower warned that birds were in the area and a strike was possible.

The organization’s record to report reporting needs will determine whether this time frame is monthly, quarterly, or yearly. The revenues, purchases, and expenditures for business units across the corporation are recorded during the recording process. The organization’s financial transactions are recorded during this phase, which involves processing the data and transactions and compiling and indexing them to ensure accuracy.

Crash footage aired by South Korean networks shows aircraft sliding on belly before bursting into flames

Tailored to your needs, our services align perfectly with your growth, whether you’re a startup or an enterprise. Optimize your business operations to virtual accountant have better recognition, seamless connectivity, maximum productivity, and faster results. Aside from facilitation also, organizations have to be able to comply with policies such as GAAP, IFRS, and other domestic requirements, which means, they have to be undergoing changes regularly.

Lease accounting and compliance

It enables organizations to make informed decisions based on real-time data, ultimately contributing to improved financial performance. Record to report (R2R) automation is a financial management process that involves collecting, recording, validating, and reporting financial data using AI and machine learning. It ensures accurate financial reporting, and compliance with regulations, and provides real-time insights for informed decision-making. It’s time for CFOs and accounting teams to embrace autonomous accounting, a cutting-edge solution to streamline financial processes and eliminate manual tasks. With advanced AI and machine learning, autonomous accounting automates data entry, reconciliations, and anomaly management, allowing teams to focus on high-value tasks. This technology ensures accuracy, reduces errors, and enhances decision-making, giving businesses the power to optimize their accounting operations and drive financial success.

R2R services help companies manage financial operations by providing accurate and timely financial data. This data can be used to make informed business decisions, track performance, and ensure compliance with regulatory requirements. We employ a mix of process redesign, artificial intelligence and right-shoring to help clients automate journal entry processing and close with confidence — increasing efficiency and accuracy across their enterprise. Through a blend of people, process and technology, we capture key data and provide the foundation needed for timely and accurate financial reporting. RPA in record to report automation automates repetitive tasks like data entry, reconciliation, and report generation.

Challenges and Best Practices for the R2R Process

This process starts with the recording of daily financial activities and ends with the preparation and reporting of various financial statements and reports. This R2R process ensures that every activity is systemized and standardized resulting in a high level of transparency, accountability, and adherence to the law in an organization. The Record to Report process is essential for maintaining financial transparency, compliance with regulations, and informed decision-making within an organization. It ensures that financial data is accurate, up-to-date, and presented in a meaningful way for stakeholders. Efficient execution of each phase of the R2R process is critical to an organization’s financial health and success.

Account Reconciliation

Dozens of people died on Sunday when a passenger jet crash-landed at an airport in southwestern South Korea, with the aircraft skidding down the runway on its belly before bursting into flames. Ashwani is F&A professional with more than 18 years of experience and is currently leading a large team of Relocation services. He has been involved in new process transition, management and development of new business opportunities. Our services cover the classification, recording, and posting of transactions into account categories so that income statements and financial positions can be presented to all stakeholders.

• The cycle involves various steps, such as recording the transactions, processing the transactions, closing the cycle, consolidating the data, and reporting.
• These practices include standardized workflows, organized data management, continuous training, validation checks, maintaining report inventories, etc.
• With Invensis, you will gain 24 years of experience in Record-to-Report (R2R) BPO Services.
• Sunday’s plane crash, in which at least 47 people have died, comes as South Korea’s government faces a full-blown political crisis.
• These services typically include bookkeeping, financial statement preparation, and regulatory compliance reporting.

Invensis – The Most Trusted Record to Report Services Company

• Automation leads to increased efficiency, faster reporting, and lower operational costs.
• Through a blend of people, process and technology, we capture key data and provide the foundation needed for timely and accurate financial reporting.
• Our services include audit planning, data gathering, risk identification and query resolution.
• Befree’s efficient audit support solutions offer planning and risk assessment for financial items, effective scrutiny of all accounting tasks and other audit support services.
• We draw from our R2R solutions and frameworks to map your process blueprints and design and implement a target operating model for reduced workload and deeper insights.

Both of the crash survivors were members of the flight crew, according to fire officials. They were rescued from the plane’s tail section after the airliner net sales burst into flames. The aircraft skidded down a runway at Muan International Airport on its belly before bursting into flames. The two survivors — both crew members, one male and one female — were rescued from the plane’s tail section, the only part of the aircraft that retained some of its shape, emergency services said. Just two of the 181 people on board a South Korean airliner survived when the passenger jet crash-landed at an airport in the country’s southwest Sunday morning local time.