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From Jo’burg to Jakarta: The CFO’s Passport to Global Control

CFO Talks

IFRS, local GAAP)? Cash Flow and Currency Risk Cash doesn’t move freely across all borders. Technology and Data Integration Your finance systems must support multi-entity, multi-currency, and multi-GAAP reporting. Regulatory Environment Every country has its own legal and tax framework. Are there statutory audit requirements?

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Future-proofing the finance infrastructure

Future CFO

Harmonising financial reporting and compliance Finding the balance between financial reporting and compliance across multiple jurisdictions, while trying to comply to global standards such US GAAP and IFRS with local tax regimes and regulatory requirements without overburdening local teams can be such a huge task for many organisations.

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How Complex Are Your Business Finances?

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In that case, you may be looking for more powerful real-time accounting solutions to provide you with a better view of your entire operation and help with things like taxation, HR, multiple currencies, and more. GAAP, IFRS, and cash base side by side for better visibility. Ability to implement user-access controls.

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SAP Cloud ERP Gives Software & SaaS Companies a One-Stop Transformation Solution

Bramasol

Revenue Recognition Compliance: Navigating ASC 606 / IFRS 15 rules for multi-element arrangements and variable consideration. Operational Scalability Multi-Entity and Global Expansion: Managing multiple subsidiaries, currencies, tax jurisdictions, and transfer pricing.

SAP
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ERP and EPM Systems – Better Together

Planful

These systems provide built-in support for complexities such as currency translation, intercompany eliminations, and reporting under multiple accounting guidelines, such as US GAAP or IFRS. In most organizations, the accounting/ERP system comes first.

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Four Key Technology Trends to Watch in 2024

Bramasol

As of the third quarter of 2023, SAP SE reported cloud revenue was up by 23% at constant currencies, driven mainly by the growth of SAP's combined SaaS and PaaS portfolio. This can be seen clearly in the increased adoption of SAP Cloud-based S/4HANA over recent years.