Process stages
The activities Maitero maps and reviews.
- Transaction capture
- Journal entry and approval
- Reconciliation
- Consolidation
- Financial reporting
- Audit evidence
Business Process
Record to Report
Record to Report covers journal entries, approvals, reconciliations, intercompany, consolidation, foreign currency, fixed assets, accruals, close calendar, financial reporting, and audit support.
Departments involved
Teams that typically own or influence the process.
- Accounting
- FP&A
- Tax
- Operations
- IT
Systems involved
Systems and data sources commonly connected.
- ERP
- banking
- fixed assets
- intercompany tools
- reporting and BI
Risk and improvement areas
Common problems, controls, automation, and reporting needs.
Common problems
Symptoms that create ERP friction.
- Slow close
- Manual journals
- Unclear ownership
- Unreconciled reports
- Spreadsheet dependency
Common control risks
Control points that need system support.
- Approval workflows
- segregation of duties
- close checklist
- report certification
- audit trail
Automation opportunities
Where workflow and integration can remove manual work.
- Journal templates
- bank feeds
- reconciliation rules
- close task management
- dashboard refresh
Reporting requirements
Outputs the process must support.
- Trial balance
- financial statements
- entity consolidation
- variance analysis
- board reporting
Maitero approach
Review the current state, define future-state requirements, connect systems, and produce deliverables.
- Process map
- requirements matrix
- controls and reporting view
- optimization roadmap
Recommended services
Services commonly tied to this process.
- ERP Assessment
- ERP Optimization
- Reporting and Analytics
- Internal Controls and Compliance
Next step
Need a clearer ERP process?
Maitero can review the process, identify system gaps, and define practical next steps.