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How Complex Are Your Business Finances?

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Use dimension values to capture your business transactions, operational measures, and budgets in General Ledger. GAAP, IFRS, and cash base side by side for better visibility. Seamless scaling without adding headcount. Ability to implement user-access controls. Ability to view performance on U.S. Define your own workflows.

Finance 104
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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 91
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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
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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.

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ERP and EPM Systems – Better Together

Planful

General ledger accounting. The data in an ERP system is typically summarized in the general ledger module. 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.

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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.