What is R2R and P2P?

The Finance & Accounting (F&A) function comprises three end-to-end processes – Procure-to-Pay (P2P), Order-to-Cash (O2C), and Record-to-Report (R2R). This report focuses on the third-party outsourcing of R2R activities.

What is R2R process in accounts payable?

Record to report (R2R) is a finance and accounting management process that involves collecting, processing and presenting accurate financial data. R2R provides strategic, financial and operational feedback on the performance of the organization to inform management and other stakeholders.

What is OTC in accounting?

Order to Cash also known as O2C or OTC is the business process that covers the entirety of the order processing system right from receiving the order to up until the point the payment is made and an entry is logged in your accounting books.

What is R2R process in Genpact?

Deliver faster financial close, improve compliance, and enhance decision making by transforming your record to report (R2R) process.

What is SAP O2C?

What Is SAP Order-to-Cash? It is also known as OTC or O2C in short form. It is a business process that involves sales order from customers to delivery and invoice. It comprises SO, Delivery, Post Goods Issue (PGI) and billing to customers.

What is RTR and R2R?

Record to report (R2R) involves collecting, processing, and presenting accurate financial data. R2R provides strategic, financial, and operational feedback on the performance of the organization to inform management and other stakeholders.

What are the types of records?

Types of records

• Correspondence records. Correspondence records may be created inside the office or may be received from outside the office.
• Accounting records. The records relating to financial transactions are known as financial records.
• Legal records.
• Personnel records.
• Progress records.
• Miscellaneous records.