Nov 17, 2025
•3 minute read
R2R
Drive Financial Close Health with TrintechLiberty Mutual transformed its complex financial close processes by centralizing reconciliations and automating workflows using Trintech’s solution, resulting in enhanced visibility, reduced errors, and streamlined audit efficiency across its global offices.
Transforming Finance Operations with Touchless Record-to-Report by RedwoodAutomation streamlines organizational processes by replacing manual tasks like journal entries, currency revaluations, and reconciliations for intercompany and bank accounts with automated systems. This not only simplifies the execution of numerous tasks required during financial close but also ensures they are completed in the intended sequence. Redwood's technology significantly automates the record-to-report (R2R) process, handling up to 90% of tasks involved in financial closing, both within and beyond ERP systems. This includes complex activities such as managing accruals, data retrieval, and updating journals in the ERP system. The automation spans the full R2R spectrum, covering areas like balance sheet reconciliation and integration with non-ERP applications such as HR and Payroll. Redwood's solutions are comprehensive and can operate both independently and together, offering flexible deployment options including on-premises and cloud-based solutions. This broadens the scope of automation beyond traditional R2R tasks to enhance efficiency in areas like goods and bank reconciliations, meeting wider data-matching needs.
Apr 15, 2024
•3 minute read
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