A STUDY ON THE EFFECTIVENESS OF THE RECORD TO REPORT PROCESS FOR ACCURACY AT METAYB
A STUDY ON THE EFFECTIVENESS OF THE RECORD TO REPORT PROCESS FOR ACCURACY AT METAYB
Authors:
Jayasree K, Swathi P
Department of Management Studies, Panimalar Engineering College
ABSTRACT:
This study analyzes the effectiveness of the Record to Report (R2R) process in ensuring financial accuracy at METAYB using a descriptive research design and primary data collected through questionnaires. It focuses on key areas like invoice processing, GRN verification, payments, reconciliation, and reporting. Statistical tools such as percentage analysis, correlation, and Chi-square tests reveal a strong positive relationship between structured financial processes and accurate reporting. The findings highlight that automation, internal controls, and regular reconciliation improve reliability, while minor issues like approval delays and documentation mismatches still exist. Overall, strengthening controls and adopting automation can enhance R2R effectiveness.
KEYWORDS: Record to Report (R2R), Financial Accuracy, Invoice Processing, Goods Receipt Note (GRN), Payment Processing, Financial Reporting.