Optimise your UK financial reporting with QX Global Group’s record-to-report outsourcing services. Improve accuracy, accelerate close cycles, and gain better visibility with expert-led R2R support.
Enquire NowFor most finance teams today, record to report is no longer just about closing the books. Growing regulatory expectations, tighter audit scrutiny, and the need for more detailed financial insight have pushed the record to report process to the centre of how finance functions operate.
As organisations grow, the record to report finance process often becomes fragmented. Manual journals, inconsistent reconciliations, and stretched close timelines make it harder for teams to maintain control while keeping costs in check. This is where well-structured record to report services play a practical role in restoring consistency and visibility.
QX Global Group works with UK organisations as an outsourced record to report service provider, helping finance teams simplify and stabilise their R2R processes. The focus is not on forcing standardisation for its own sake, but on understanding how each client’s reporting works in practice. Process improvements, experienced finance professionals, and supporting technology are applied in a way that strengthens control and accuracy without losing the nuances of the business.
Well-run R2R services remove friction from the close process and bring more consistency to financial reporting. An outsourced R2R process allows finance teams to reduce manual effort, improve accuracy, and scale support without adding internal complexity.
Digitise and streamline the record to report process using automation to reduce repetitive work and improve control.
Shorten month-end close timelines and management reporting cycles through structured R2R workflows.
Receive dependable support for internal and external audits, including documentation, schedules, and reconciliations.
Maintain up-to-date, reliable financial information across the record to report finance process.
Scale R2R resources up or down to manage reporting spikes, statutory deadlines, or business growth.
Support adherence to GAAP and relevant reporting standards across the outsourced record to report process.
Maintaining a general ledger is a critical function for any business. However, its mundane & laborious nature often ends up draining a company’s resources. QX Global Group’s General Ledger Accounting service allows businesses to set up a dedicated team of offshore professionals to focus on maintaining an accurate summary of organisational transactions – promoting better informed strategic decisions, meeting compliance and generating insightful reports.
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Read MorePreparing for an internal or external audit is a daunting task that can involve endless documentation and reporting. With a unique partnership approach at its heart, QX’s Audit Support Service provides assistance to companies to streamline their pre-audit functions. Benefit from QX’s accounting audit expertise to ensure compliance, identify areas of business improvement and detect & prevent frauds.
Read MoreFinancial Planning & Analysis is a key accounting function that demands a highly skilled & experienced team that is capable of drawing and analysing financial data to drive business growth. QX Global Group’s FP&A service allows businesses to stay on top of market trends by setting up a team of dedicated professionals to accurately interpret financial data, analyse business performance and implement appropriate strategic actions.
Read MoreThe dynamic but repetitive nature of compliance measures often take a toll on a company’s accounting team, taking the focus away from critical functions. Through its VAT Compliance outsourcing solutions, QX Global Group offers businesses to seamlessly manage compliance by outsourcing their key VAT-related tasks like VAT accounting, VAT preparation & reconciliation.
Read MoreTracking and managing a company’s fixed asset is a laborious function that is prone to human errors and high operation costs. Partner up with QX to implement a dedicated team to manage your company’s fixed assets – freeing your onshore team of functions like master data maintenance, depreciation accounting and mergers, acquisitions & consolidation of assets.
Read MoreRecord-to-report work sits across multiple systems, not one tool. Most finance teams already operate within established ERPs, expense platforms, and document management software, and the record-to-report process has to work within those realities.
Our teams work across commonly used finance systems that support record-to-report automation, including journal processing, reconciliations, close activities, and audit support. This allows R2R services to be delivered within existing environments, without system disruption or forced re-implementation, while improving consistency across the outsourced R2R process.
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ISO 27001 compliance for security & ISO 9001 compliant for quality management
A steady stream of qualified accountants through the QX Academy
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Flexible engagement models catering to all requirements, whether big, minor, temporary, or permanent
Here are some of the most frequently asked questions around Outsourced Record to Report (R2R) Service. If you have a question that isn’t answered here, please feel free to get in touch.
A Record to Report service covers the end-to-end activities that turn financial transactions into accurate financial statements, including journals, reconciliations, close, and reporting.
In order to leverage financial information to make better-informed business decisions, rapidly expanding businesses often outsource their entire R2R function to third-party vendors. Not only does this accelerate organisational growth, but also frees up onshore teams of exhaustive reporting tasks.
On the other hand, some businesses also pick and choose when it comes to R2R outsourcing, handing over certain functions to an external vendor while continuing to execute others onshore. Some of the top R2R tasks that you can outsource to a vendor are:
UK finance teams outsource R2R process to improve consistency, manage reporting workloads, meet compliance requirements, and reduce pressure during peak close periods.
When a business outsources their R2R function to a third-party vendor, they end up sharing some confidential documents like invoices, dunning letters & statements and remittance receipts with their partner. Therefore, it is very important to enforce standard procedures to share your financial information in a secure manner.
While outsourcing your R2R function in the UK, ensure that your partner is compliant with ISO information security standards, the UK Data Protection Act, GDPR, and/or any other relevant standards. In addition, it is also important to ensure that your data is stored in highly secure servers.
Experienced R2R service providers usually have teams that are adept to working with all industry-standard software systems. In addition, these partners also offer the flexibility of working with any additional software to address your specific organisational needs. Some of the major software packages you should look out for include:
Oracle E-Business Suite
R2R automation reduces manual effort, improves data accuracy, standardises close activities, and gives finance teams better visibility across the reporting cycle.
Outsourcing R2R services introduces structured workflows, dedicated resources, and consistent controls, helping finance teams complete reconciliations and close activities faster.
Our clients prefer outsourcing their accounting tasks to QX Global Group, a trusted and leading outsourced record to report service provider in the UK, because we deliver a wide range of proven benefits, including:
Outsourcing your R2R services to QX Global Group is quite straightforward. We start with a detailed consultation to understand your needs, followed by a customised proposal. Once agreed, the transition phase begins, setting up communication channels and aligning our services with your processes. In execution, our skilled team uses industry best practices and technology for accurate and timely R2R tasks. We prioritise transparency by providing regular updates. Quality assurance is central, ensuring compliance and data security. We emphasise continuous improvement, regularly assessing processes and incorporating feedback.
