This report provides an analysis and evaluation of the current state of the office of finance and the issues faced during the Record to Report (R2R) process. Data was collected through an interactive webinar poll and a global survey of financial professionals across nearly 200 enterprise organisations.

The research found that the array of challenges faced during the month end process is diverse, however, reconciliations top the list as the biggest challenge. Additionally, results showed that more and more organisations are looking at their Record to Report process holistically and identifying a lack of standardisation across all processes as their main roadblock to efficiency. In our experience with enterprise organisations, we find that this lack of standardisation is commonly related to the enforcement of standards rather than defining them.