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Medical Device Makers Leverage SAP Cloud ERP for New Business Models

Bramasol

Accounting standards such as ASC 606 and IFRS 15 provide guidance, but medical device companies must navigate specific nuances for different models. Proper classification and reporting must be in place to comply with ASC 842 or IFRS 16. monthly, quarterly, annually).

SAP
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SAP AI Solutions Are Helping Transform Businesses Across Multiple Industries

Bramasol

For example, telecom operators leverage AI to automate revenue recognition processes, ensuring compliance with standards like ASC 606 and IFRS 15. They also leverage AI models to accelerate the quote-to-cash cycle by analyzing customer behaviors, suggesting optimal pricing strategies, and automating the invoicing process.

SAP
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The 6 things every CFO should do to prepare for CBAM

CFO Dive

The company’s CBAM obligations and purchased certificates have to be accounted for in accordance with global accounting standards like the IFRS or US GAAP. ET How Banks Can Leverage Cloud and AI Solutions to Their Advantage Presented by studioID and SAP 09 JUL Virtual Event | 2 p.m.

CFO
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SAP Cloud ERP is Enabling the Future for the Utilities Industry

Bramasol

Predictive Maintenance : Leveraging ERP software integrated with IoT for predictive maintenance enables utilities to proactively manage assets, minimizing downtime and unplanned repair costs. SAP Cloud ERP supports percentage-of-completion accounting, which allows for revenue to be recognized as work progresses on long-term contracts.

SAP
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The Changing Role of CFOs in a Technology-Driven World

Bramasol

Globalization CFOs have long needed to assure compliance with two different standards-setting bodies. The first is the Financial Accounting Standards Board (FASB) in the United States. IFRS S1 requires companies to communicate the sustainability risks and opportunities they face over the short, medium, and long term.

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MedTech Bundling Requires Both DSE and Lessor Accounting Solutions

Bramasol

However, even though medical equipment leasing bundled with other services and products is making relationships with customers more holistic, the backend systems for handling lease management and accounting have mostly remained in separate silos from those for subscription management and revenue recognition.

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Standards for Carbon Accounting are Beginning to Take Shape

Bramasol

A subsequent blog post specifically addressed How Can Carbon Accounting Impact the Value of M&A Deals? From a global perspective, the International Sustainability Standards Board (ISSB) is also working on developing uniform financial reporting rules.