target audience: TECH BUYER Publication date: Sep 2024 - Document type: IDC MarketScape - Doc Document number: # US52037924
IDC MarketScape: Worldwide Office of the CFO Record to Report 2024 Vendor Assessment
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Abstract
This IDC study highlights the critical role of the record-to-report (R2R) process in ensuring accurate financial reporting and compliance, emphasizing its importance for CFOs, investors, and shareholders. It identifies key areas for improvement and the desire among CFOs for end-to-end solutions that reduce reliance on ERP systems. The document evaluates various vendors based on their capabilities to support the R2R process, offering insights to help technology buyers make informed decisions.
"Embrace the future of finance with end-to-end R2R solutions, transforming CFOs' strategic agility and competitive advantage. Record to report is the foundation of finance, and the holistic process needs to be looked at for improvement to insights and data for a company," says Heather Herbst, research director, CFO Tech Agenda at IDC.