Transform your finance organization with efficient, effective, sustainable and world-class record to report processes.
Enterprises face constant pressure from compliance, disclosure, litigation and control regulations. To keep up with the demands, these companies will often change reactively and develop only limited automation strategies, process management capabilities and standardized methodologies. Some organizations have an environment that is split between Enterprise Resource Planning (ERP) platforms and legacy systems, making it harder to optimize record to report (R2R) processes. They need a digital automated solution — one that provides better reporting, more control and increased visibility into R2R activities across multiple ERP platforms and legacy systems.
Meanwhile, countries around the world are requiring more regulatory reporting. Regulators now expect reporting for capital, liquidity and resolution planning to be timely, accurate and precise. Moreover, organizations are looking for an improved control framework for cash flow predictions, financial statements, accurate reconciliation and risk mitigation. The speed-to-value changes in the corporate compliance landscape have prompted enterprises to take a closer, more innovative look at IT budget and hybrid workforce requirements.
Be agile, reduce costs and risks
To help meet all of these needs, DXC Technology Finance and Administration (F&A) Record to Report Services provide business process and consulting services that include general accounting, financial planning and analysis/reporting, cost and inventory accounting, fixed assets, and banking/treasury support. Through R2R, your finance organization leaps beyond legacy approaches. You get help with developing financial reporting, asset tracking, treasury support, and a variety of accounting-transaction and decision-support activities.
DXC F&A Record to Report Services are delivered through a collaborative model, based on your organization’s requirements. We partner with you to develop a transformation roadmap to address your changing business goals. Our offerings use business analytics and robotic process automation as a service for improved agility and quality. Together, we can reduce costs and better mitigate risk. How? DXC’s Framework for Innovation and Transformation (FIT) offering provides targeted assessments of business performance.
Business results
In a constantly changing environment, your business faces increasingly disruptive market fluctuations and credit turbulence. Partner with DXC to stay ahead of change and create game-changing opportunities by transforming business operations through targeted strategies, processes and technologies.
Here are some ways our clients have succeeded by partnering with us:
- Standardize and automate. A global manufacturing and distribution company reduced aged balances on its bank account from $72 million to $4 million. It also achieved 99.99 percent on-time reconciliations through our Account Reconciliation Tracking Tool.
- Compliance and control. A global technology services company enhanced cash flow and increased working capital by $650K through a reduction in VAT reclaim process delays from 1,000+ to 231 days.
- Risk reduced. A global consumer packaged goods company reduced its aged open entries — greater than 30 days — from a monthly average of 26 percent to 3 percent, by implementing one-time and ongoing query management initiatives.
The DXC advantage
DXC’s distinctive capabilities include:
- Engagement approach. DXC puts clients at the forefront, aligning our robotics strategy, clients’ business strategies and outcome goals.
- Robotics as a service. DXC delivers a platform for process automation that allows clients to leverage industry-leading robotics technologies at lightning speed, without the complexity and cost normally expected.
- Global scale. With one of the market’s largest F&A practices, we have the global scale to help you expand into new and emerging markets.
- Operational excellence. Our global industrialized network and culture of continuous improvement and service excellence enhance business agility and quality and drive lower error rates.
- Transformation methodology. Our powerful transformation methodology enables you to benchmark operations and jointly determine recommendations for improvement.
- Breadth of capability. DXC is a one-stop shop, also offering a robotics platform, process discovery capabilities, advisory services and a dedicated automation factory to address all your robotic automation needs throughout the R2R process.
- DXC partner network. DXC uses best-in-class technologies to drive improved performance and manage key processes for clients.
Record to Report features
DXC’s full range of R2R solutions includes:
- General accounting
- Intercompany accounting
- Fixed assets
- Financial planning and budgeting
- Financial reporting
- Treasury and cash management
- Management reporting and analysis
Key benefits
With DXC F&A Record to Report Services you:
- Save more than 30 percent on R2R costs through DXC global economies of scale, leveraged technology and global industrialized delivery services.
- Accelerate cycle time by implementing proven best practices.
- Improve control and compliance by establishing a single point of convergence for transaction processes.
- Minimize risk by placing financial controls to avoid delays in transaction processing, payment of penalties or deterioration in stakeholder satisfaction.
- Gain expert analytics and insights for data-driven decision-making support.
- Leverage configurable, scalable, and flexible technology solutions to complement existing investments that can meet complex business requirements.
Contact the DXC Finance and Administration Record to Report Services team at www.dxc.technology/contact_us so we can discuss helping you with your existing environment, a potential workshop and other next steps.
