Automate Your Record-to-Report Process with Raptech
Raptech’s Record-to-Report process automation offers a range of key features to manage your financial processes with ease. With features such as company and employee expense management, journels, reconciliation, and key financial reports, businesses can easily manage their financial data, making informed decisions to drive growth and success. The module streamlines financial reporting, providing real-time visibility into financial data, helping businesses to monitor their financial health and make informed decisions.
Overcoming Business Challenges with
Raptech's Record-to-Report Process Automation
Disconnected Systems
Without a centralized system for record-keeping, businesses often struggle to keep track of financial data across departments, leading to inconsistencies and errors.
Manual and Time-Consuming Processes
Traditional methods of managing financial reporting can be time-consuming and involve a lot of manual work, including data entry and generating reports.
Inefficient Communication
The financial reporting process often requires input from multiple teams, such as accounting and finance. Without a streamlined system, this can lead to delays and errors.
Inaccurate Financial Data
Without a clear and organized process for managing financial data, businesses may struggle to provide accurate and complete reports.
Benefits of Automating
Record-to-Report Process with Raptech
Improved Efficiency
The module automates many of the manual tasks associated with financial reporting, such as data entry and report generation, saving time and reducing errors.
Better Collaboration
By providing a centralized system for financial data management, the module facilitates better communication and collaboration between accounting, finance, and other departments.
Increased Accuracy
The module's automated processes can reduce errors and improve the accuracy of financial data, ensuring that reports are reliable and comprehensive.
Greater Visibility and Control
With real-time access to financial data, businesses can gain greater visibility and control over their financial reporting processes, enabling you to make better-informed decisions.
Record-to-Report Processes Automated by Raptech
Expense Management
Raptech’s Expense Management Module – Streamlining Company Expense Management
Raptech’s Expense Management module provides businesses with a centralized platform to manage all their company expenses. The module allows businesses to track expenses that are necessary for the operation of the business. With this module, businesses can streamline their expense approval process, allowing for faster reimbursements and better management of cash flow. With real-time visibility into expense status, businesses can easily track the progress of expenses and ensure timely payment.
The module supports both taxable and non-taxable expenses, with features for tracking bills and reimbursements. It allows for multiple user access and multiple payment methods, giving businesses greater flexibility in managing their expenses. With Raptech’s Expense Management module, businesses can easily capture and categorize expense data, reducing the time and effort required for manual data entry.
With Raptech’s Expense Management module, businesses can gain greater control over their expenses, reduce errors, and improve their overall expense management processes. By automating many of the manual tasks associated with expense management, businesses can save time and improve their operational efficiency.
Accounting Journals
Streamline Accounting Processes with Raptech’s Accounting Journals Module
Raptech’s Accounting Journals module offers businesses a comprehensive solution for managing accounting transactions. With the ability to create and manage various types of journal entries, such as general ledger entries, accounts receivable and payable entries, and more, businesses can streamline their accounting processes and reduce errors.
The module also provides real-time visibility into financial transactions, allowing businesses to easily track their financials and gain insights into their financial performance. Additionally, the module supports a range of financial reporting options, making it easy for businesses to generate custom financial reports that meet their specific needs.
With Raptech’s Accounting Journals module, businesses can achieve greater efficiency, accuracy, and control over their accounting processes, ultimately leading to better financial management and decision-making.
Manage General Ledger
Raptech’s General Ledger module – A Comprehensive Solution for Financial Management
Raptech’s General Ledger module provides businesses with a robust platform to manage their financial accounts efficiently. With support for multiple currencies and easy customization of chart of accounts, including creating and managing account groups and subgroups, businesses can track their financials with ease. The module enables businesses to generate financial statements such as balance sheets, income statements, and cash flow statements, providing real-time visibility into their financials.
Furthermore, Raptech’s General Ledger module allows businesses to track their international operations and manage their financials in multiple currencies. With this feature, businesses can streamline their financial management and make informed decisions to improve their financial performance. The module provides a comprehensive solution for businesses to track their financial transactions, generate financial statements, and make data-driven decisions to optimize their financials.
Fixed Asset Management
Optimize Your Fixed Asset Management with Raptech
Raptech’s Fixed Asset Management module offers businesses a comprehensive solution for tracking and managing their fixed assets. The module enables businesses to track important asset details such as purchase date, cost, and location in one centralized location. With easy depreciation calculations and asset disposal tracking, businesses can streamline their fixed asset management process, reduce errors, and ensure compliance with regulatory requirements.
The module also supports multi-currency transactions and provides a detailed audit trail for fixed asset transactions. This allows businesses to accurately track the movement of their fixed assets and maintain accurate records, enabling better financial planning and forecasting. With Raptech’s Fixed Asset Management module, businesses can increase their efficiency, reduce costs, and improve their overall financial management.
The module also offers real-time visibility into fixed asset data, allowing businesses to make informed decisions and identify areas for improvement. With customizable reporting features, businesses can easily generate reports on asset performance, depreciation, and disposal, providing valuable insights for financial analysis and strategic planning. With Raptech’s Fixed Asset Management module, businesses can optimize their fixed asset management processes and improve their financial performance.
Tax Management
Efficient Tax Management with Raptech’s Tax Management Module
Raptech’s Tax Management module offers a comprehensive solution for businesses to manage their tax obligations with ease. With the module’s highly configurable design, businesses can tailor their tax reporting processes to meet the specific tax requirements of different regions, ensuring compliance with local regulations.
The module supports various tax types, such as sales tax, value-added tax (VAT), and goods and services tax (GST), and includes features such as tax code configuration, tax rate management, and automatic tax calculations, making it easy for businesses to manage their tax obligations efficiently.
With Raptech’s Tax Management module, businesses can streamline their tax reporting processes, reduce the risk of errors, and ensure compliance with local tax regulations, allowing them to focus on driving their business forward.
Employee Expense Management
Manage Employee Expenses with Ease with Raptech’s Employee Expense Management Module
Raptech’s Employee Expense Management module provides businesses with an all-in-one solution for managing employee expenses. The module enables employees to submit expense claims and advance requests, which can be easily reviewed and approved by managers. With support for mobile app submission, employees can easily submit expenses on the go.
The module includes features like automatic policy checks and real-time expense tracking, reducing errors and improving accuracy. The module also enables businesses to schedule follow-ups and track progress, improving communication and streamlining the approval process.
With Raptech’s Employee Expense Management module, businesses can efficiently manage their employee expenses, improving their financial management and ensuring timely reimbursements for employees.
Financial Reporting
Streamline Financial Reporting with Raptech’s Financial Reporting Module
Raptech’s Financial Reporting module provides businesses with a powerful tool to streamline their financial reporting process. The module offers a comprehensive solution for generating key financial reports, including P&L, cash flow, balance sheet, and ledger reports, all in one centralized location.
With the ability to customize reports based on specific business needs, Raptech’s Financial Reporting module makes it easy to identify areas for improvement and make data-driven decisions. The module also provides real-time data insights, supporting financial planning and forecasting.
By automating many of the manual tasks associated with financial reporting, businesses can reduce errors, improve accuracy, and achieve greater efficiency. With Raptech’s Financial Reporting module, businesses can gain a better understanding of their financial position and make informed decisions to improve their financial performance.