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Record to Report Benchmarking

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Record to Report Benchmarking 

Score Research has developed a diagnostic review process that breaks new ground in the area of 'record to report' and 'management reporting'.

• How much of your key strategic staff time is spent on added value activities?
• How much of the information they provide is used to make decisions?
• Do the internal customers of Management Information receive the information they need, on time and in an appropriate format?
• Does the budget and forecasting activity add value?
• Are suitable controls in place?
• Do your processes comply with regulatory requirements?

Benefits of the review process:
The purpose of the review is to optimise added-value by speeding the processes and delivering the information that is really needed while complying with regulations:

• Visibility of resource deployment and optimisation opportunities  - Service Level Agreement data - supported by accurate cost and drivers
• Evidence to support charge-out basis
• Provision of balanced scorecard data - of time and cost per unit of output
• Benchmarking comparison with Score Research database metrics
• Method of identifying process improvement and elimination of non-value added tasks
• Identify core, diversionary and support tasks.

Record-to report activities are an increasing proportion of total finance and accounting activity, more importantly they provide the information that charts the organisations future strategic course; this review provides compelling evidence for change based upon numerous previous case studies and benchmark data.

We believe that as well as the benefit of benchmarking performance you will identify key opportunities for improvement based on the analysis.  If this is an area of interest to your organisation then please contact us.