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F&A services for the BFSI sector
We provide full spectrum Finance and Accounting (F&A) services for Banking, Financial Services and Insurance enterprises. Our domain expertise and technology-led approach provide transparency to ensure that you retain control even when your F&A processes are outsourced. As a strategic partner R-29 Solutions’ helps release bandwidth, enabling you to focus on critical functions and strengthen relationships with customers and vendors.
Technology
Our team employs state-of-the-art technology platforms including R29 Solutions’ proprietary software iSource to automate Accounts Payable and Accounts Receivable processes such as payment posting, invoice processing and indexing
Procure-to-pay (P2P)
Our procure-to-pay (P2P) services extend across the breadth of the accounts payable function – from creating requisition requests and processing invoices, to reconciling accounts. We enhance the efficiency of your processes, optimize operational costs, and boost profitability. Our solutions are designed to monitor spending patterns, streamline catalog management and vendor relationships, minimize leakages and ensure statutory compliance.
Order to Cash (O2C or OTC)
We have the capacity to handle the entire extent of the OTC process for your organization – ensuring that robust accounts receivables processes are in effect, improving the day’s sales outstanding (DSO) figures, and augmenting customer satisfaction. Our automated, comprehensive order to cash offering caters to requirements at every stage of the cycle – starting with customer quote orders, order fulfillment, and delivery, to raising invoices, following up, and reporting on payment received.
Record to Report (R2R)
At R29 Solutions, we help our clients streamline their record to report processes and boost productivity by enabling timely closure of the book of accounts, while maintaining accuracy of financial data and regulatory compliance. To improve efficiency, we facilitate early revenue recognition, and deliver thorough management reports and analysis. Our end-to-end R2R service suite includes journal entries, risk management, inventory management, budgeting, forecasting and reconciliation.