befree Ltd

Outsourced RECORD-TO-REPORT
(R2R) Services

Outsource Record-to-Report operations to ensure on-time closure of books of accounts accuracy and integrity of financial data and compliance of financial statements with fiscal and statutory reporting requirements.

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OUR APPROACH
OUR APPROACH
We provide an accurate picture of the organization enabling management to make time-bound decisions that are prudent in nature.

CFOs increasingly seek to give timely strategic insights that help them gain a competitive advantage, in addition to traditional controllership. On the other hand, legacy systems frequently hamper progress.

 

Manual, decentralised, and fragmented processes obstruct the flow of information. The integration of the front, middle, and back offices is limited by difficult-to-interpret data from various sources, reducing enterprise-wide visibility. This diminishes the level of service provided to internal and external stakeholders while simultaneously raising the risk of noncompliance.

We always think from our client’s perspective in order to get a holistic view of their business and understand businesses seek dramatic improvements in productivity, cycle time & quality.

Why befree?

Help organisations close their books more quickly, more agilely, and without errors, while also improving compliance and decision-making capabilities.

We combine design thinking with extensive finance expertise to reimagine the record-to-report function and improve corporate operations. Insights and managerial opinions are provided on a timely basis. In order to bring all of this information together, we also create agile centers of excellence to guide automation efforts and foster intelligent automation innovations.

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Posting

Reconciliation

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Treasury
Management

Intercompany
Accounting

Period End
Close

Management
Reporting

Financial
Reporting

What we do

Provide a set of services to help you run a smart record-to-report operation.

Closing and reporting services

All legal entities' books of accounts are closed, and group consolidation services are provided.

Closing and reporting transformation

We construct process designs, design operational models, and drive transformation programmes.

Accounting in general

We handle journal entries, fixed asset accounting, inventory and supply chain accounting, intercompany accounting, account reconciliations, accruals and reserves, and expenditure accruals across numerous accounting standards. We improve reconciliations, automate month-end journals, and reduce the number of open items your team must monitor.

Tax Accounting

We provide corporate and transactional tax compliance services, such as tax accounting, analysis, tax computations, and return preparation. Provision and deferred tax accounts, as well as valuation allowances, are also reconciled.

Tax Returns

We assist you in preparing and submitting your corporate direct tax returns, transactional tax returns, such as VAT and sales, property tax returns, and other tax returns.

The core processes are broken down into various fragments in order to identify dysfunctional processes, elevate it further to the next level via process re-engineering & digital transformation.

All our staff members are qualified accountants both by qualification and experience and we strongly believe their expertise adds value to the services rendered.

All the transactional processes will be carried over with transactional knowledge along with accounting knowledge which ensures pinpoint accuracy.

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accounts reconciled
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asset requests processed per year
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closing activities performed
If there are erroneous inputs received, we not only correct them but we go a step further by explaining the consequences & the accounting impact to the relevant stakeholders, fixing the issue at source.
Source correction is one of the most important levers which can contribute to efficiency in the cycle time.

Request for services

Find out more about how we can help your organization navigate its next. Let us know your areas of interest so that we can serve you better
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