What is Record-to-Report (R2R)?
Record-to-report, often shortened to R2R, is the finance process of collecting financial data, processing and validating it, and turning it into accurate financial reports for internal and external stakeholders. It covers the steps from recording transactions in the general ledger through to reconciliations, period-end close, adjustments, and final reporting. This makes it one of the core end-to-end processes in finance.
For SAP finance teams, record-to-report depends heavily on the quality and speed of reconciliation. If reconciliations are delayed, incomplete, or managed outside SAP, the close process becomes slower and reporting confidence drops. When reconciliation is automated and kept within SAP, teams can improve accuracy, reduce manual effort, and produce more reliable financial information faster.
In simple terms, record-to-report is the process that turns day-to-day financial activity into trusted month-end, quarter-end, and year-end reporting.