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Record-to-report business processes typically take the back seat with ERP implementation projects as O2C, and P2P get the most limelight due to the customer-facing nature of these processes. Also, the decision made to streamline O2C and P2P processes and improve the cycle time for these transactions will have implications on the record-to-report processes. As you grow, your finance department is likely to grow as well. And if you can not streamline, your SG&A will likely to grow faster than your revenue. So what do you need to do to streamline your record-to-report processes?
In today's episode, we invited a panel of cross-functional experts for a live interview on LinkedIn who brings significant expertise to discuss record-to-report business processes and best practices. We covered many grounds, including the scope and branches that extend from record-to-report processes, the roles, and the organizational structure of the finance department. Finally, we discussed the communication and collaboration of different systems as part of the architecture for the finance department and the best practices for process design across these systems.
For more information on growth strategies for SMBs using ERP and digital transformation, visit our community at wbs.rocks or elevatiq.com. To ensure that you never miss an episode of the WBS podcast, subscribe on your favorite podcasting platform.
WBSRocks: Business Growth with Enterprise Software and Digital Transformation