EY’s guide outlines how CFOs can transform the record-to-report (R2R) process by integrating automation with strategic operating model enhancements. Using platforms like BlackLine, organizations can automate tasks like transaction matching, reconciliations, and journal entries, driving 30–80% efficiency gains. The journey spans three maturity stages—starting with basic automation, progressing to optimized investment, and expanding into adjacent processes like invoice-to-cash (I2C). EY emphasizes combining automation with policy, people, and data improvements to create a touchless, insight-driven close process that boosts control, efficiency, and decision-making.

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