Bramasol

SEPTEMBER 12, 2022

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

SAP IFRS Compliance Invoicing 83

Bramasol

SEPTEMBER 29, 2023

Driven by sweeping changes such as digital transformation, globalization of markets, the subscription-based Digital Solutions Economy™ (DSE), carbon-accounting mandates, a rising emphasis on artificial intelligence, and other disruptive trends, the role of Chief Financial Officer (CFO) is undergoing radical transformation too.

IFRS 95

IFRS Technology SAP Compliance 95

Bramasol

JULY 31, 2023

According to Allied Market Research, "The global medical equipment rental market was valued at $56.0 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. For revenue recognition, they also must comply with ASC 606 and IFRS 15.

Accounting 75

Accounting SAP GAAP IFRS 75

Bramasol

JANUARY 16, 2022

Compliance with ASC 606 / IFRS 15 requires separate cumbersome processes. To overcome these limitations, many market leading companies are leveraging SAP's Billing and Revenue Innovation Management (BRIM) solution to holistically innovate and scale recurring revenue-based order-to-cash processes.

Compliance 88

Compliance IFRS SAP Leverage 88

Bramasol

SEPTEMBER 26, 2022

Autonomously driven vehicles emerging for both commercial and consumer markets. Solutions such as SAP Billing and Revenue Innovation Management (BRIM) enable transportation companies to smoothly transition from their conventional business models to new subscription based offerings.

Transportation 87

Transportation SAP IFRS Compliance 87

Bramasol

AUGUST 29, 2022

The medical device market has traditionally evolved around a capital equipment acquisition model in which customers, such as hospitals, clinics or other providers, purchase or lease the equipment and separately purchase consumables and/or maintenance.

IFRS 76

IFRS SAP Manufacturing Compliance 76

Bramasol

AUGUST 31, 2023

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

SAP Accounting Reconciliations General Ledger 90