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Medical Device Makers Leverage SAP Cloud ERP for New Business Models

Bramasol

Business System and ERP Challenges These new business models in the medical device sector present unique financial compliance and revenue reporting challenges including adjustments to traditional accounting practices to ensure accurate revenue recognition, proper tax treatment, and adherence to regulatory standards.

SAP 82
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MedTech Bundling Requires Both DSE and Lessor Accounting Solutions

Bramasol

It can quickly become unmanageable to try and handle lease contract management, lessor accounting, maintenance services, sales of consumables, revenue recognition and disclosure reporting all with different siloed software. In addition, global companies need the flexibility to comply and report according to multiple accounting standards.

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KPMG, PwC, EY To Put $9B Toward AI, Data Tech

PYMNTS

The head of business futures at the Association of Chartered Certified Accountants, Narayanan Vaidyanathan, said the new technology will permanently change how the industry works. “Many of the routine jobs will go as areas such as invoice processing are automated.

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AICPA Calls On Fed For AR Financing Program

PYMNTS

Accounts receivable at many businesses continue[s] to grow as their customers hold onto cash,” Jason Brodmerkel, CPA, AICPA senior manager, Accounting Standards, said in the announcement. Providing liquidity for accounts receivable would help encourage growth and investments in business.”. .”

Finance 57
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This country in Asia needs more digitization in accounting and tax

Future CFO

Singapore need to further digitize when it comes to accounting and tax, according to the TMF Group. While the island state has adhered relatively well to international accounting standards—a trend only seen in 21% of jurisdictions in Asia Pacific, it trails behind its Asian counterparts in digitization, TMF Group pointed out.

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How to Prepare for a Financial Audit

CFO Share

An audit evaluates: Compliance with accounting standards (GAAP or IFRS.) Here are some small business accounting tips to prep for audits every day: Organize Documents: Systematically save and organize invoices, bills, contracts, and other documents digitally for easy search and reference. Risks of fraud or non-compliance.

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Digital Solutions Economy Initiatives in the Software and SaaS Industry

Bramasol

Compliance: The adoption of ASC 606 and IRFS 15 accounting standards for revenue recognition introduced new requirements for SaaS companies, particularly around the allocation of revenues and the recognition of variable consideration.

SAP 83