Remove Accounting Standards Remove Sales Remove SAP
article thumbnail

Medical Device Makers Leverage SAP Cloud ERP for New Business Models

Bramasol

This Insights post provides an overview of these new medical device product/service offerings and an exploration of how SAP Cloud ERP can help optimize and unify back-end systems for managing them. The company may also need to determine if it should apply sales tax at the time of billing, as opposed to recognizing tax over time.

SAP
article thumbnail

SAP AI Solutions Are Helping Transform Businesses Across Multiple Industries

Bramasol

Building on long-time leadership in enterprise resource planning (ERP) and business software solutions, SAP is now increasingly recognized for its ability to provide AI-driven capabilities across industries. sales, finance, supply chain) to predict outcomes and recommend actions.

SAP
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

Trending Sources

article thumbnail

Webinar: WTF: Your Customers are Entitled? Who’s going to pay for it?

Bramasol

Tracking entitlements is an important element for revenue recognition and expense management because it directly relates to how revenue and expenses are recognized, thereby ensuring compliance with accounting standards such as ASC 606 or IFRS 15 while also improving revenue management and profitability.

SAP
article thumbnail

Tesla CFO offloads another $1.7M in stock

CFO Dive

Gregory Shamus via Getty Images Dive Brief: Tesla CFO Vaibhav Taneja executed two consecutive stock sales this week, offloading approximately $1.2 million in a July 7 transaction and then selling $587,880 more on July 8, according to securities filings.

CFO
article thumbnail

ByDesign vs. NetSuite: What's the Best ERP for SMEs?

Navigator SAP

Two of the current industry leaders in ERP software are SAP Business ByDesign and Oracle NetSuite. Having said that, we recommend SAP Business ByDesign as the better investment for the vast majority of medium-sized business out there. In contrast, SAP Business ByDesign offers full functionality out of the box.

SAP
article thumbnail

Universal RevRec - The Next Breakthrough in SAP Revenue Recognition Unification

Bramasol

SAP Universal Revenue Management (SAP Universal RevRec) is a cutting-edge solution engineered to elevate and simplify the complexities of revenue recognition. Enhanced Compliance : Facilitates adherence to accounting standards and regulations, reducing the risk of non-compliance and associated penalties.

SAP
article thumbnail

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. Because the lease billing and accounting can both be handled in CLM, the overall process is much more efficient.