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Record to Report (R2R)
Record to report (R2R) is a methodology used by finance and accounting teams. It involves collecting, processing, and presenting data to partners such as investors and stakeholders. This data might include: -Sales reports -Organizational performance data -Financial projections -Financial statements -Account management data -Information about assets, acquisitions, and mergers -Key performance indicators -Other financial metrics
What Small and Midsize Businesses Need to Know About Record to Report (R2R)
SMBs use R2R to improve communication with partners, attract new investment opportunities, and build relationships. R2R can increase transparency, accountability, and compliance within SMBs by providing partners with a single source of truth for financial data. For example, investors can review a business' sales reports from the past 12 months before awarding capital. Businesses typically use digital tools to collect, process, and present financial data to partners. These tools use metrics, key performance indicators, and real-time reports to display complex financial data in one place.
Related terms
- Tokenization
- ROIT (Return on Information Technology)
- SAC (Subscriber Acquisition Cost)
- Energy Trading and Risk Management (ETRM)
- Chief Revenue Officer (CRO)
- Core Banking System
- Record to Report (R2R)
- Fintech
- Financial Management System (FMS)
- Business Capability Modeling
- Capital Allocation
- Compound Annual Growth Rate (CAGR)
- Net Present Value
- Hedge Fund
- Gateway
- Selling General and Administrative (SG&A) Expenses
- ROE (Return on Equity)
- Financial Planning and Analysis (FP&A)
- Dollar-Cost Averaging (DCA)
- Procure-to-pay Solution
