Unlocking Financial Efficiency: Streamlined R2R & Audit Support for a Global Tyre Manufacturer

Driving Compliance and Accuracy with Expert Outsourcing Support

A global leader in tyre manufacturing partnered with Wisecor to overcome challenges in Record-to-Report (R2R), audit support, and accounting functions. With large transaction volumes, complex compliance requirements, and the need for operational accuracy, the client sought a reliable outsourcing partner for long-term efficiency. Wisecor deployed a dedicated onsite team to optimize financial workflows, strengthen compliance, and ensure accurate audit support.

Dedicated Onsite Finance Team Senior Manager + Senior Executive collaboration for seamless operations and stakeholder alignment.

Optimized R2R Workflows Streamlined reporting and accounting processes to handle high transaction volumes efficiently.

Comprehensive Audit Support Robust compliance checks and audit-ready processes ensuring transparency and accuracy.

Client

A leading tyre manufacturing company, recognized for its high-quality products and strong global presence. With operations spanning multiple markets, the client required a trusted outsourcing partner to manage complex financial processes while maintaining compliance with stringent auditing and regulatory requirements.

Scope of Work

Wisecor was engaged in a long-term (5+ years) partnership to manage Record-to-Report (R2R) processes, audit support, and outsourced accounting functions. A dedicated team comprising one Senior Manager and one Senior Executive was deployed onsite at the client’s premises to ensure end-to-end financial management. The scope covered optimizing R2R workflows, strengthening compliance with audit standards, and delivering accurate, efficient accounting operations tailored to the client’s complex manufacturing environment

Geography Serviced

On-site at Client Premises (India Operations) – Wisecor worked closely within the client’s finance ecosystem, enabling real-time collaboration, seamless integration with existing systems, and quick responsiveness to compliance and operational requirements

Industry Serviced

Tyre Manufacturing – A highly competitive and globally regulated industry requiring strict financial accuracy, transparency, and compliance. The sector’s large-scale operations and complex transaction volumes demand robust R2R processes, strong audit support, and reliable outsourcing solutions to sustain operational excellence and market leadership.

Client’s Challenges

  • Managing R2R processes with efficiency and accuracy.

  • Handling large volumes of financial transactions during audits.

  • Ensuring strict compliance with auditing and regulatory standards.

  • Outsourcing of key accounting functions to enhance productivity.

Impact Generated

✔ Stronger compliance with auditing & regulatory standards
✔ Optimized R2R and accounting workflows
✔ Improved financial transparency & accountability
✔ Enhanced operational efficiency and accuracy
✔ Enabled client to focus on business growth and innovation

Wisecor’s Solution

  • Deployed a dedicated onsite team (Senior Manager + Senior Executive).

  • Optimized R2R processes by streamlining workflows and reporting structures.

  • Delivered end-to-end audit support, ensuring smooth compliance.

  • Took ownership of outsourced accounting functions, driving accuracy and efficiency.

  • Leveraged Wisecor’s finance expertise and resources to strengthen operations.

Outcome

The partnership, spanning over 5 years, highlights Wisecor’s commitment to delivering long-term value. By managing critical R2R, audit, and outsourced accounting functions, Wisecor helped the tyre manufacturer achieve streamlined operations, strict compliance, and improved accuracy, freeing their leadership to concentrate on expansion and core strategies.

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