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Record to Report Services

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 and confidently.

Deep Financial Expertise
Draw on 20+ years of knowledge in local and international accounting standards, tax regulations, and best practices.

Compliance Assurance
Stay ahead of evolving laws (IND AS, GST, VAT) through robust processes and continuous oversight.

Struggling with delays and errors in your financial close process?

Service Offering

Covering You Every Step of The Way Comprehensive, Streamlined Record to Report Management Payroll

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.

The Complete Offering

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.

Benefits

Accelerated Closing. Accurate Reporting. Strategic Insights.

Benefits

01

Improved FP&A (Financial Planning & Analysis)

02

Better risk management and compliance readiness

03

Cost efficiencies through automation

04

Strategic insights from accurate financial reporting

Benefits

01

Faster and more accurate financial close

02

Reduced manual effort and errors

03

Streamlined reconciliations and compliance

04

Real-time access to financial data

Benefits

01

Reliable financial statements for strategic planning

02

Stronger investor confidence through transparent reporting

03

Alignment between financial performance and business goals

04

Improved treasury management

Don’t Just Take Our Word for It

payroll outsourcing services

Enhancing Hospital Service Reconciliation Efficiency

  • Industry: Healthcare
  • Service: Claims Management & Reconciliation
  • Challenge: A healthcare provider network experienced 35% delayed submissions and inconsistent reconciliation of patient services.
  • Solution: MYND deployed timely billing processes, quality audit frameworks, and automated cash application systems.
  • Outcome: 90% on-time submissions, 65% faster account reconciliation, and 28% improvement in overall collection rates.
accounts receivable outsourcing

Streamlining Tender Reconciliation for QSR Chains

  • Industry: Quick Service Restaurants
  • Service: Cash Management & Reconciliation
  • Challenge: A national QSR chain struggled with cash variances across 200+ locations and delayed deposits, creating security risks.
  • Solution: MYND implemented a centralized reconciliation system tracking cash, card, and digital payments with automated deposit scheduling.
  • Outcome: 95% reduction in reconciliation errors, 40% faster bank deposits, and eliminated cash shrinkage across all locations.
case study 3

Optimizing Rental Equipment Collections for IT Services

  • Industry: IT/ITES
  • Service: Revenue Cycle Management
  • Challenge: A technology rental company faced 45+ day payment cycles and 30% billing query rates, affecting cash flow.
  • Solution: MYND established quality audit protocols, scheduled follow-ups, and multi-channel collection touchpoints.
  • Outcome: Reduced DSO from 45 to 30 days, decreased billing queries by 75%, and improved working capital by $2.8M annually.

R2R Pains Can Become Gains!

The MYND Advantage

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.

Getting Started

It’s Easy to Get Results with Us Five Steps to Implementation Success

Ready to Start?

01

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.

02

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.

03

Switching Simplified

We provide a robust data migration plan, emphasizing data integrity, accuracy, and minimal disruption to operations during the transition.

04

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.

05

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.

Resources

R2R Resources: Case Studies, Guides & Insights

FAQs

Your Questions Answered

Over two decades of experience, cross-trained professionals, and a track record of successful multi-entity R2R engagements.
We maintain strict internal controls, follow robust SOPs, and limit data access to authorized personnel. Periodic audits uphold confidentiality.
Our approach includes role-based training sessions, documentation, and hands-on support to ensure your teams adapt comfortably.
We provide 24/7 support for critical issues, a dedicated account manager, and regular reporting on SLAs and KPIs.
Through a detailed assessment of current processes, gap analysis, a robust migration plan, and close collaboration with your finance teams.
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.
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.
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.
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.
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.

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