Record-to-Report

The Transformational Leap to Next-gen Performance

As a vital end-to-end process in the finance function, Record-to-Report (R2R) is facing new expectations - to move beyond cost reduction and increased efficiencies. Organizations are looking for insight-driven R2R outcomes, such as strategic financial planning and analysis, and regulatory reporting and compliance to deliver impactful performance and minimize exposure to risks.

With controllership and compliance at its core, our R2R Service offerings are designed to help clients transform their General Accounting, Financial Reporting, Decision support and Corporate finance functions, and help them drive conclusions & outcomes, backed by Advanced Analytics. We bring together leading digital tools & technology framework which is packaged to enable organizations build intelligent, customized and future-ready R2R operations.

Our R2R experts act as strategic partners to global organizations to enable profitability planning, risk analysis, and financial and investment decision-making.

General Ledger Accounting

From day-to-day transactional accounting to period-end General Ledger (GL) closing, we enable businesses to create accurate financial statements with efficiency and speed — minimizing manual journal entries, slashing close cycle time, and enhancing the integrity of financial records. With BlackLine as our business partner for modern accounting platform and EvoluteIQ for hyperautomation enhancements, coupled with our industry-first JE Analytics solution, we transform R2R functions into digitized and future-ready units of end-to-end controllership.

Financial and Compliance Reporting

Armed with deep domain insights, our process design experts enable organizations to keep pace with ever-changing statutory reporting requirements across multiple geographies — regulatory, Securities and Exchange Commission (SEC), tax or any other reporting mandates.

Enterprise Performance Management

Leveraging our consolidation, standardization and automation toolkit, we transform Financial Planning and Analysis (FPA) teams from efficient back-office functions to revenue-generating units that collate and analyze data, forecast outcomes and drive informed decisions.

Treasury Management

Our treasury management solutions support businesses in cash forecasting, working capital management, and in-house banking and cash pool management to perform strategic and sensitive analysis of credit, liquidity and market risks. Built on the foundation of proactive planning, straight-through processing and efficient communication, our next-generation approach focuses on integrated data, systematic controls and automated processing.

Tax Operations

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. Our services span the areas of tax accounting, payments processing, return filing support and local compliance and reporting requirements.

Audit and Compliance

Through efficient automation and documentation, we ensure meticulous financial governance and regulatory compliance through the entire R2R process. Our services include audit planning, data gathering, risk identification and query resolution.

Diverse R2R Digital Assets

WNS’ repository of digital assets creates intelligent, customized and flexible next-generation finance operations and processes to enable organizations to achieve faster and more accurate implementations.

Blackline Finance Transformation Solution

BlackLine’s unified solution integrates account reconciliations, journal entries, task manager and variance analysis onto a single platform. Built specifically for F&A processes, it ensures consistent and ‘anywhere, anytime’ user experience.

eClose

Our proprietary tool for GL close management, eClose integrates policy, process, technology and governance to enable clients to achieve ‘non-event’ and ‘zero surprise’ GL close cycles. Key features include tracking tasks across geographies and teams, meticulous audit trail, flexible hosting options, multiple user level roles, ease of navigation and a robust notification mechanism.

WNS’ RecTRAC

A proprietary tool for account reconciliations, WNS’ RecTrac leverages automation, analytics and intelligent rule-based workflows for real-time visibility on reconciliation status.

Hyperautomation

Following the theme of “One Platform – One Solution – One Relationship – Single Point of Accountability”, our partnership with Evolute IQ is helping us to bring in hyperautomation solutions for our clients. The solution offers ability to integrate disparate technologies into the hyperautomation platform with flexibility in backend connectivity. Its technology Agnostic structure and configurable reporting capabilities with near-real time dashboards for executive visibility coupled with WNS domain expertise, offers high efficiency & automated solutions powered by artificial intelligence and machine learning.

JE Analytics

Journal entry data is probably the richest information junction in an organization. For the first time in the industry, there is an asset that can penetrate through the information embedded in journal entries through intelligent, grounded analytics, whilst handling/fixing the aforementioned challenges. The WNS JE analytics asset is designed to help glean information to enhance process inefficiencies, but also to enhance controllership, by early identification of transaction risks and abnormalities.

RPA Interventions

We deploy Robotic Process Automation (RPA) assets to automate preparation and posting of journal entries, account reconciliation and analysis of reports.

WNS Advantage

End-to-End Operating Model: Our comprehensive R2R capabilities and robust networks maximize efficiency, centralize processes, optimize use of tools and technologies, and deliver highly mature automated solutions across global regions. Our Lean Six Sigma and innovation-driven culture provide best-in-class delivery, and we deploy intelligent metrics to identify key levers of dependencies and process efficiencies – with strict compliance and governance models to minimize risks. Additionally, our versatile commercial models and scalable infrastructure maximize consolidation and business growth for clients.

Emerging Technologies: Our Business Process-as-a-Service (BPaaS) approach, RPA and Artificial Intelligence (AI)-led solutions improve accuracy and productivity at reduced costs. We achieve scalability through our flexible platforms and deploy high level of automation to maximize compliance.

Process Transformation: We transform R2R processes through our proprietary Outperforming CFO framework (OCF) to deliver extensive efficiency gains. OCF integrates investor analysts’ views, business readiness maturity and process maturity models.

Record to Report