Remove IFRS Remove Invoicing Remove Manufacturing
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Medical Device Makers Leverage SAP Cloud ERP for New Business Models

Bramasol

This model reduces the upfront costs for healthcare providers and ensures a regular income for the manufacturer. Use Case: A company manufacturing diagnostic test kits can offer subscription services for supplying testing kits regularly to clinics and hospitals, ensuring they never run out of stock and streamlining inventory management.

SAP
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SAP AI Solutions Are Helping Transform Businesses Across Multiple Industries

Bramasol

For example, telecom operators leverage AI to automate revenue recognition processes, ensuring compliance with standards like ASC 606 and IFRS 15. They also leverage AI models to accelerate the quote-to-cash cycle by analyzing customer behaviors, suggesting optimal pricing strategies, and automating the invoicing process.

SAP
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Subscription-Based Offerings Are Radically Changing the Automotive Sector

Bramasol

Features include: Automated Billing : SAP Cloud ERP can automatically generate invoices, track payment history, and manage revenue recognition, especially for subscription-based offerings. This reduces administrative effort and ensures timely payments.

SAP
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MedTech Bundling Requires Both DSE and Lessor Accounting Solutions

Bramasol

For example, according to Med Device Online , "Many manufacturers are implementing innovative pricing models to lower buyer-side pressure. For leasing, this means International Accounting Standards Board’s (IASB’s) IFRS 16 and US GAAP Financial Accounting Standards Board’s (FASB’s) ASC 842.

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Using Specialists for Revenue Recognition and Quote-to-Cash Projects Can Increase Value and Lower Risk

Bramasol

Bringing an Expanded RevRec "Compliance Mindset" into New Business Models: Even though subscription-based, Digital Solutions Economy (DSE) business models are radically changing many industries, RevRec compliance under ASC 606 and IFRS 15 is still required.

SAP
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Why It's Important to Work with Specialists in RevRec and QTC

Bramasol

Bringing an Expanded RevRec "Compliance Mindset" into New Business Models: Even though subscription-based, Digital Solutions Economy (DSE) business models are radically changing many industries, RevRec compliance under ASC 606 and IFRS 15 is still required.

SAP
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Building Robust IT Systems for Financial Reporting

CFO Talks

A CFO in a manufacturing company can have their financial software integrated with the production system to automatically pull cost data, ensuring accurate and timely reporting of cost of goods sold. For South African businesses operating in multiple regions, cloud-based solutions enable faster collaboration and data sharing.