article thumbnail

Six Key Factors for Building an Expert Professional Services Company

Bramasol

For example, at Bramasol we made a decision over a decade ago to focus on SAP finance solutions for the office of the CFO, with a specific emphasis on the new revenue recognition compliance requirements in ASC 606 and IFRS 15.

SAP 79
article thumbnail

What is the Financial Consolidation Process in the Accounting World?

Planful

Assets, Liabilities, Equity, Revenue, and Expense accounts) from multiple general ledger systems, and mapping it to a centralized chart of accounts. GAAP or International Financial Reporting Standards (IFRS). Consolidating the data following specific financial accounting rules and guidelines, such as U.S.

article thumbnail

10 Best FP&A Software Tools: A Comprehensive Buyer’s Guide [2023]

Onplan

The Centage platform includes features like ad-hoc reporting, asset lifecycle management, a general ledger, centralization, dashboards, access and version controls, cash management capabilities, and KPI tracking. Automated reporting also enforces compliance with GAAP and IFRS standards. Key features.