Record to Report (R2R) Services. Faster Closes & Better Decision-Making.
Accelerate your financial close and reporting with MYND's expert record to report services. Powered by intelligent automation and deep finance expertise, our Record to Report Outsourcing Services enable faster closing and better compliance. You get access to real-time strategic insights and expert GL accounting services that facilitate informed financial decision-making.
- Scalable Services: Manage multi-entity, multi-geography financial operations consistently
- Deep Financial Expertise: 20+ years in local and international accounting standards
- Compliance Assurance: Stay ahead of evolving laws (IND AS, GST, VAT)
Covering You Every Step of The Way
Comprehensive, Streamlined Record to Report Management. With a proven track record across industries, we configure solutions to cover every phase of your critical financial operations — transaction recording, reconciliations, month-end close, compliance, and final reporting.
End-to-end Record to Report Management
Book close and reporting, GL reconciliations, variance analysis, and audit and exception management – we provide complete R2R coverage, freeing up the internal team to make confident, informed financial decisions.
Process Audit & Optimization by Seasoned Experts
Our seasoned R2R experts audit your processes, implement industry best practices and SOPs (standard operating procedures), helping you plug the leaks and ensure consistency across multi-location operations.
Centralized Shared Service Centres (SSCs)
Transition from fragmented accounting structures to Shared Service Centres to improve process standardization and compliance reporting, whether you're in a single or multi-entity setup.
Comprehensive R2R Process Coverage
From month-end accounting to advisory services, MYND handles every aspect of your Record to Report cycle with precision and expertise.
Month-End Accounting
Handling prepaid charge-offs and accruals. Coordinating with departments for provision calculations and their efficacy analysis.
Capex Accounting
Asset capitalization and maintaining Fixed Asset Registers (FAR). Running depreciation schedules and conducting variance analysis.
MIS and Financial Reporting
Preparing monthly Management Information Systems (MIS) reports and conducting variance analysis. Creating balance sheet schedules and exception reports. Tracking Profit and Loss (P&L) trends and managing expense reports.
Statutory Compliance
Filing GST returns and ensuring GST reconciliation. Managing TDS payments, returns, and issuance of Form 16. Overseeing VAT payments and returns (as applicable).
Reconciliation Activities
Conducting GL and sub-GL reconciliations on a periodic basis. Ensuring accurate customer, vendor, and bank reconciliations.
Audit and Assessment
Preparing financial statements for statutory audits. Coordinating with auditors and managing GST and VAT audits. Supporting assessment hearings with consultants.
Policy Compliance
Ensuring IND AS and ICFR compliance through implementation and regular testing. Monitoring adherence to organizational policies and generating exception reports.
Advisory and Consulting Services
Offering startup consulting, audit assistance, and direct and indirect tax advisory. Providing corporate advisory for company formation, compliance, and governance.
An R2R Solution Tailored to Your Needs
Every industry has unique financial processes. Whether you're grappling with high transaction volumes, managing multiple plants, running outlets nationwide, or coordinating operations across borders—MYND adapts R2R to your context for seamless operations.
Hospitality & QSR
Simplify multi-location financials across hundreds of outlets and frequent financial transactions.
- Workflow automation for invoice approvals
- Integration of ERP systems with POS (Point of Sale) for real-time reporting
Technology & IT Services
Enhance agility and cost control across multi-country operations, complex revenue recognition models and rapid growth demands.
- Streamlined processes for global scalability
- IFRS compliance
- Automated reconciliations
Manufacturing
Ensure compliance and scalability in multi-state operations, cost accounting, large-scale capital management.
- Asset tracking
- RPA-driven variance analysis for project costing
- Automated FAR (Fixed Asset Register) updates for improved depreciation management
- Centralized reporting for multi-entity setups
Retail & Consumer Goods
Streamline operations for high transaction volumes, complex inventory management demands, and seasonal fluctuations.
- Vendor reconciliation automation for multi-location vendors
- Real-time dashboards for SKU-level profitability analysis
Complete Business Process Outsourcing Ecosystem
Accelerated Closing. Accurate Reporting. Strategic Insights.
Transform your financial operations with measurable outcomes that drive business growth and competitive advantage.
Cost Optimization
Leverage streamlined processes and reap monetary benefits
- End-to-end coverage from operational execution to compliance reporting
- SSCs, process standardization, automation and comprehensive system integrations
- Scalable SLA-driven model with variable pricing
Data-driven Decision Making
Strengthen your FP&A activities with razor-sharp data and holistic process insights
- Monthly MIS reports with variance analysis
- Expense tracking and P&L trend analysis
- Balance sheet schedules
Proactive Compliance & Risk Management
Never get caught off guard in complex regulatory landscapes
- Continuous tracking of local and international law changes
- Policy adherence embedded in all daily operations
- Expert assistance for statutory, internal, and tax audits
Financial Reporting Accuracy
Achieve 99.5% accuracy in revenue reconciliation and financial reporting
- Rigorous quality checks and reconciliation frameworks
- Skilled finance teams to detect anomalies early
- Cross-verified ledger entries for assured reliability
Audit Readiness
Get consistent service delivery with over 99% SLA compliance rates
- Audit-trail documentation and organized financial records
- Pre-emptive error detection and remediation
- Trained professionals to coordinate with auditors
Faster Close Cycles
Cut down month-end and year-end closing timelines by 40-50%
- Automated reconciliation and variance reporting
- Real-time data availability for decision-making
- Streamlined workflows that eliminate bottlenecks
Unmatched Expertise. Versatile Experience. Proven Excellence.
MYND has transformed financial operations for a wide range of clients across industries. Our approach isn't just about outsourcing – we act as strategic partners to create a scalable and agile financial ecosystem for your organization. We draw on our extensive process knowledge to deliver answers that precisely address each customer's R2R context.
Deep Domain Expertise
Financial and operational expertise built over 20+ years. Robust understanding of regulatory frameworks such as IND AS and SOX.
Access to expert partners with the ability to handle complex and dynamic Record to Report environments. Perfect adherence to intricate compliance mandates.
Cross-Functional Exposure
Comprehensive proficiency across various ERP platforms, including SAP, Tally, Oracle. Cross-functional training with shared supervision models for overlapping tasks.
Seamless adaptation to your business environment with ensure consistency and accuracy. Minimized downtime and errors.
Proprietary Technology Solutions
Proprietary automation tools tailored to R2R processes. Vendor Reconciliation Tool, Automated GST Reconciliation, and compliance tools that integrate seamlessly with client systems.
Unparalleled transparency and efficiency in financial operations. Future-proofed operations.
Robust Governance Models
Institutionalized governance and transparency frameworks. SLA-driven outcomes, KPI tracking, exception reporting.
Proactive risk management. Tight control over financial operations. Stronger reputation for trustworthiness and reliability.
Process Excellence
Implementation of best practices in finance and accounting. Process standardization and continuous improvement measures. ICFR implementation and testing.
Consistency and efficiency across the board. Stable foundation for financial operations.
Global Scalability and Adaptability
Services that scale dynamically based on client requirements. Management of 15,000 transactions per month for large enterprises. Experience serving multi-country operations.
Secure operations and continuous support in rapid growth or transformation periods. Cost-effective scalability.
Proven Expertise. Diverse Experience. Focused Innovation.
With MYND, you get more than just a managed services provider – you get a strategic partner. In addition to managing AP processes, our highly trained team of experts will work with you to ensure you're always on top of things and ahead of the curve.
Comprehensive Domain Expertise
Large organizations across sectors have trusted us to transform their AP processes. Bringing over 22+ years of experience, our team possesses an intricate understanding of financial processes across domains.
- Cross-functional teams with finance, compliance & technology exposure
- Customized solutions for each industry
- Specialized knowledge on regulatory landscapes
Global Compliance Mastery
We take pride in offering services rooted in a deep understanding of global and regional compliance requirements so that our clients can comprehensively mitigate regulatory risk.
- Local and international regulatory expertise
- Audit-readiness and risk mitigation measures
- Real-time updates to workflow compliance checks
Flexible Product Architecture
Our technology was built so that it can be easily adapted to fit your unique needs. The flexibility not only reduces downtime during onboarding but also contributes significantly to overall efficiency.
- Configurable plug-and-play workflows
- Comprehensive audit trails
- Real-time analytics and reporting
Proprietary Technology Platform
At the heart of our offerings lies our APX platform, a powerful tool that enables organizations to manage increasing transactional volumes with ease and confidence.
- Rapid vendor onboarding
- Transparent invoice tracking
- Streamlined approval workflows
- Seamless ERP integrations
Advanced Automation and AI
Our advanced AI tools work hard while you work smart. They were designed to reduce repetitive manual work while improving operational accuracy and responsiveness.
- Intelligent document processing for data extraction
- RPA for automated invoice posting
- Predictive analytics for process optimization
- Chatbot support for vendor queries
Proprietary Technology Powering Your AP Operations
Experience the future of accounts payable with our cutting-edge APX platform and intelligent automation tools.
AP Lifecycle Management
Comprehensive automation of AP processes, from requisition to payment. Ensures live dashboards, configurable workflows, and advanced reporting for complete visibility and control.
Intelligent Document Processing
AI-driven invoice classification and data extraction achieving >85% accuracy. Eliminates manual tasks, speeds up approvals, and reduces processing time from days to hours.
Vendor Self-Service Platform
Seamless self-service portal for invoice submission, approval tracking, and real-time vendor communication. Improves vendor satisfaction and reduces support queries.
It's Easy to Get Results with Us
Five Steps to Implementation Success
We're just a call away
Tell us your challenges, your expectations and we will create a customized solution for you. Proprietary technologies and a modular approach enable us to roll it out quickly.
Integration Made Seamless
APIs enable us to sync up seamlessly with your existing system. Our solutions allow business rules & policy configuration as per your needs.
Switching Simplified
We provide a robust data migration plan, emphasizing data integrity, accuracy, and minimal disruption to operations during the transition.
Transitions are Smooth
Tailored training programs are offered for different user groups, ensuring everyone feels confident and comfortable interacting with our platforms and services. A phased implementation approach minimizes disruption and allows for gradual adoption.
Iteration is a Part of the Process
Never stop growing. As a strategic partner, we are continuously finding areas of opportunities and proactively managing risk. We have built in provisions for audits and adjustments, allowing for iterations and improvements.
Your Questions Answered
Find answers to common questions about MYND's Record to Report services
What expertise does MYND bring to R2R?
Over two decades of experience, cross-trained professionals, and a track record of successful multi-entity R2R engagements.
How does MYND ensure data privacy and security?
We maintain strict internal controls, follow robust SOPs, and limit data access to authorized personnel. Periodic audits uphold confidentiality.
How does MYND help with user adoption?
Our approach includes role-based training sessions, documentation, and hands-on support to ensure your teams adapt comfortably.
What kind of service and support options are available?
We provide 24/7 support for critical issues, a dedicated account manager, and regular reporting on SLAs and KPIs.
How does MYND tackle implementation challenges?
Through a detailed assessment of current processes, gap analysis, a robust migration plan, and close collaboration with your finance teams.
How do we get started with MYND R2R services?
After an initial consultation, we define project scope, align on SLAs, and allocate specialized teams. Then, we transition your processes in a phased manner, ensuring a smooth kickoff.
What are Record to Report Outsourcing Services?
Record to Report Outsourcing Services (R2R) involve delegating the entire financial close and reporting process to a specialised provider. These services cover activities such as journal entries, reconciliations, financial statement preparation, and compliance assurance. By leveraging deep finance expertise, intelligent automation, and technology, R2R outsourcing enables faster and more accurate financial closes, real-time insights, and improved regulatory adherence. MYND adapts R2R services for multi-entity, multi-geography operations, ensuring scalable, cost-efficient, and compliant financial management tailored to diverse business needs.
What does "record to report services" encompass?
Record to report services encompass the complete cycle of capturing financial data, processing it through general ledger (GL) accounting, reconciling accounts, and generating accurate financial reports for strategic planning and compliance. The process includes transaction recording, managing multi-location finances, cost accounting, tax compliance, and audit readiness. These services deliver real-time financial insights, streamline reconciliations, reduce manual errors, and improve treasury and risk management. MYND's R2R services offer multi-country scalability, adaptability for complex revenue models, and continuous improvement through tailored solutions.
What are GL accounting services?
GL accounting services involve managing the general ledger, which is the core record of all financial transactions within a company. These services include posting journal entries, maintaining account balances, reconciling discrepancies, ensuring data accuracy, and preparing financial statements. Effective GL accounting is essential for accurate reporting and compliance. MYND provides GL accounting services as part of its Record to Report Outsourcing Services, supported by automation and finance expertise to ensure timely, transparent, and error-free accounting aligned with accounting standards and regulations.
Why outsource Record to Report (R2R) processes?
Outsourcing Record to Report processes offers accelerated financial close cycles, improved reporting accuracy, and reduced compliance risks. It enables access to specialised finance expertise and advanced automation technologies that reduce manual workload and errors. Outsourcing ensures real-time access to financial data, better FP&A, cost efficiencies, and alignment between financial performance and business goals. MYND's R2R outsourcing supports scalability across multiple geographies and industries, delivering strategic insights, audit readiness, and stronger investor confidence while freeing internal teams to focus on value-driven activities.
