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New RevRec Optimization Enhancements with SAP S/4HANA, RAR, and Cloud Options

Bramasol

Although the initial compliance phase for ASC 606 and IFRS 15 revenue recognition mandates is in the rear-view mirror for most companies, it's important to also keep a focus on the road ahead because optimization of overall RevRec processes across the enterprise will be key to ongoing success. Resolution of data quality issues.

SAP 83
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Mid-Year Update on Key Trends to Watch

Bramasol

For example, RPA processes handling repetitive and rule-based tasks, such as data entry, document processing, and invoice reconciliation can be guided by new, higher level AI insights and learning capabilities. Customer Experience and Personalization: AI enables businesses to deliver personalized experiences to their B2B customers.

SAP 76
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New SAP AI Initiatives Will Enhance Order-to-Cash to Compliance Processes

Bramasol

In this new post, we get more granular to provide an update on how AI and Gen AI can enhance productivity, insights, and results in finance applications such as order-to-cash to compliance (OTC 2 ), along with a look at how new SAP AI initiatives are key to this transformation.

SAP 88
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How SAP ERP Clean Core Helps Minimize Digital Debt and Enhance Agility

Bramasol

Recent posts in this series have provided updates on SAP RISE and GROW , with a focus on how they can help streamline the path for companies migrating to SAP public and private cloud editions. The table below shows key criteria that SAP recommends for maintaining the clean core.

SAP 81
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Integrating RevRec and Cost Accounting in the SAP Public Cloud

Bramasol

Over the past eight years, many episodes in this blog series have focused on revenue recognition and how SAP solutions such as Revenue Accounting and Reporting (RAR) have provided a robust foundation for compliance with ASC 606 and IFRS 15. This provides the basis for real-time matching of revenue and cost.

SAP 90
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The enduring use of spreadsheets in finance

Future CFO

Mark Wilfred , head of solutions consulting, Southeast Asia at SAP Concur , says the raison d'être for the stickiness of spreadsheets is familiarity. This difference also makes payment reconciliation more complicated from an accounting standpoint (e.g., Jenji’s core business is to ease expense reporting. Mark Wilfred. banking fees).

Finance 98
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How to Identify and Reduce "Digital Debt" in Your Finance Systems

Bramasol

As with real world debt, Digital Debt must be serviced with high on-going costs; primarily in the form of low productivity, time-consuming data reconciliation, lack of end-to-end visibility and continuous maintenance updates. Adopting standalone solutions to meet compliance requirements deadlines. Leveraging RISE with SAP.

SAP 69