This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
As organizations deal with increasingly complex revenue streams across sales, services, subscriptions, and projects, the need for a flexible, scalable, and industry-tailored revenue recognition solution has never been more critical. Enter Universal RevRec (URR) —SAP S/4HANA Cloud Public Edition’s powerful new revenue recognition platform.
In addition, medical device vendors are interested in finding ways to make revenues more predictable as opposed to the inherently spiky revenue seen from large equipment sales. Bramasol client, Hillrom, is a prime example of how new subscription-based models can be successful in the medical device sector.
Within the Five-Step model, Step 4 of ASC 606 and IFRS 15 requires an allocation of the total consideration in a contract, which your company is entitled to collect for each distinct performance obligation. Standalone Selling Price: What is SSP, why is it needed, and how is it determined?
Last-mile delivery has become a critical cost factor as retail sales shift from in-store to online. Some of the key challenges and disruptive trends in the transportation sector include: Supply chain inefficiencies exposed by the pandemic and shifts in consumer buying behavior.
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. Cloud Deployment Options.
Operational Accounting is concerned primarily with the processes for areas like sales, revenue, treasury, cash flow, margins, KPIs, etc. This has enabled clients to smoothly comply with ASC 842 and IFRS 16.
However, there have been many organizations that have successfully persevered through the challenges posed by the past couple of years, and among the differentiating factors between such businesses is leadership. Leadership across business departments is a foundational element of success. 5 Leadership Competencies for CFOs 1.
By leveraging our leadership in deploying more RAR implementations than any other partner, Bramasol is also at the forefront of helping refine and deploy these new Universal RevRec capabilities. Agreements are analyzed to detect the performance obligations POBs and decide on the revenue recognition patterns.
They also need to address compliance requirements such as revenue reporting under ASC 606 and IFRS 15, which are still required but can be more complex for DSE business models. Sales – streamlining of sales master data, sales contract management, sales order processing, billing, invoicing, claims, returns, refunds, and sales forecasting.
It automates the discovery of anomalies and missing data, projects sales and budgets, pressure-tests assumptions, and drastically simplifies and accelerates planning processes while improving accuracy. Planful addresses these challenges with Predict.
In addition, from an internal perspective, Bramasol is proactively implementing AI capabilities across virtually all functional areas, including service delivery, customer satisfaction, project management, marketing, sales and finance. We see AI as a game changer for improving productivity for our team and higher value for our clients.
Delivering Consumer Services: Customer Data Centralization: With SAP cloud-based ERP, telcos can integrate customer data across all touchpoints (sales, service, billing), enabling a 360-degree view of each customer. IFRS or GAAP) becomes easier, and financial data can be tracked and reported in real-time.
We organize all of the trending information in your field so you don't have to. Join 39,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content