Case Study: R2R Process Automation & Fixed Asset Management

1. The Challenge The Record-to-Report (R2R) function was heavily reliant on manual spreadsheets for managing Fixed Assets, Journal entries, and Intercompany reporting. This manual dependency led to frequent calculation errors, delayed reconciliations, and increased the risk of reporting inaccuracies during month-end audits.

2. The System (Our Approach) AmberRise introduced a "Systems over People" approach by deploying advanced Excel-based automation tools:

• Automation Logic: Developed customized macros and automated templates to handle complex Fixed Asset Register (FAR) calculations and depreciation schedules.

• Error Controls: Built-in validation checks within the automation tools to flag discrepancies in real-time.

• Process Standardization: Standardized the journal entry and intercompany reporting templates to ensure consistency across all business units.

3. The Impact

• Error Reduction: Dramatically reduced manual data entry errors by automating 80% of the repetitive R2R tasks.

• Time Savings: Cut down the time required for Fixed Asset reconciliation by nearly half, allowing the team to focus on high-value analysis.

• Audit Readiness: Ensured that all financial records were consistently formatted and easily verifiable for internal and external audits.