Bramasol

JULY 22, 2023

From a global perspective, the International Sustainability Standards Board (ISSB), which was established by the IFRS in November 2021 at COP26 in Glasgow, has issued its first two standards. IFRS S1 requires companies to communicate the sustainability risks and opportunities they face over the short, medium, and long term.

IFRS 92

IFRS Accounting SAP Compliance 92

Bramasol

JUNE 10, 2022

For example, a company with branches doing business in the United States and the European Union will need to comply with both GAAP and IFRS accounting principles. The account-based approach uses account logic identifiers to assign accounting principles, such as using unique prefixes to determine which accounts use IFRS vs GAAP principles.

Accounting Principles 89

Accounting Principles IFRS Accounting SAP 89

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. Multi-party revenue sharing models.

Compliance 92

Compliance IFRS SAP Leverage 92

Bramasol

JULY 26, 2024

In addition to highlighting trends such as the Digital Solutions Economy (DSE), industry-focused solutions, and SAP initiatives like artificial intelligence and S/4HANA cloud, this Insights Series will also periodically provide answers to the top questions that we hear from our clients and partners.

SAP 90

SAP IFRS GAAP Compliance 90

Bramasol

FEBRUARY 29, 2024

Last year's post " Overview of GROW and RISE with SAP " was one of the most popular and widely shared episodes in this blog series and so it is now time to take another visit to these topics. In this new post, we explore both the progress SAP has made with RISE and GROW evolution and a look at the exciting opportunities going forward.

SAP 58

SAP IFRS Compliance Leverage 58

Bramasol

SEPTEMBER 8, 2024

SAP Universal Revenue Management (SAP Universal RevRec) is a cutting-edge solution engineered to elevate and simplify the complexities of revenue recognition. Let's look closer at each of these critical elements that make up SAP Universal RevRec. It revolutionizes how businesses handle revenue recognition.

SAP 64

SAP General Ledger Compliance Accounting Standards 64

Bramasol

JULY 31, 2023

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 80

Accounting SAP GAAP IFRS 80

Bramasol

SEPTEMBER 26, 2022

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. Other related solutions in the SAP ecosystem are key to helping transportation companies make the transition to these new business models.

Transportation 91

Transportation SAP IFRS Compliance 91

CFO Talks

MARCH 5, 2025

Follow standard accounting rules In most industries, this means using IFRS (International Financial Reporting Standards) or IFRS for SME (International Financial Reporting Standard for Small and Medium-sized Entities) to prepare financial statements.

IFRS 52

IFRS Auditing Compliance Financial Data 52

Bramasol

AUGUST 29, 2022

Solutions such as SAP Billing and Revenue Innovation Management (BRIM) enable medical device makers to smoothly transition from their equipment sales models to new subscription based offerings. Other related solutions in the SAP ecosystem are key to helping medical device companies make the transition to these new business models.

SAP 81

SAP IFRS Manufacturing Compliance 81

Bramasol

NOVEMBER 8, 2021

Movement on the part of global accounting groups, such as FASB, IASB and IFRS, to develop detailed compliance guidelines and regulations around carbon-accounting and sustainability. New legislation regarding carbon offsets and disclosure reporting that will materially impact many companies' bottom line.

Compliance 88

Compliance Accounting SAP IFRS 88

Bramasol

MARCH 24, 2022

ISSB was established by the IFRS Foundation in response to the Glasgow COP 26 conference in November 2021. From a global perspective, the International Sustainability Standards Board (ISSB) is also working on developing uniform financial reporting rules.

Accounting 86

Accounting SAP Analyzing Data IFRS 86

Bramasol

OCTOBER 31, 2023

Since our decision a decade ago to focus on becoming the leading partner for delivering SAP revenue recognition solutions , Bramasol has established a reputation as the most trusted RevRec specialist across many industry segments. As shown below, these factors can have significant impact on design of the end-to-end processes.

SAP 68

SAP IFRS Compliance Entertainment 68

Bramasol

JUNE 25, 2024

Integrated Technologies for Unifying Operational and Compliance Accounting Over nearly three decades as a leading SAP partner, Bramasol has focused specifically on delivering solutions for the Office of the CFO that both optimize specific areas and provide smooth integration between operational accounting and compliance accounting processes.

Compliance 63

Compliance Financial Planning and Analysis (FP&A) Accounting SAP 63

Bramasol

NOVEMBER 13, 2023

In this post, we shift gears to provide insights into the Professional Services arena, where Bramasol not only serves clients but we also participate as a leading services provider for SAP solutions. This requires building a team of senior consultants with years of hands-on experience in front-line conceptualization-to-implementation.

SAP 81

SAP General Ledger IFRS Compliance 81

Bramasol

OCTOBER 31, 2023

Since our decision a decade ago to focus on becoming the leading partner for delivering SAP revenue recognition solutions , Bramasol has established a reputation as the most trusted RevRec specialist across many industry segments. As shown below, these factors can have significant impact on design of the end-to-end processes.

SAP 52

SAP IFRS Compliance Entertainment 52

Future CFO

FEBRUARY 1, 2024

According to Susanna Hasenoehrl , head of sustainability for Asia Pacific & Japan at enterprise application software company SAP , sustainability can no longer be considered separately to the finance function because it is increasingly clear that sustainability performance is fundamentally linked to business performance.

Finance 52

Finance SAP Auditing IFRS 52

Bramasol

DECEMBER 13, 2021

From Bramasol's perspective as a leading SAP partner creating business management, finance, and compliance solutions for over 25 years, here are five major areas that we are watching closely and helping our clients prepare to deal with in the coming year - and beyond.

SAP 52

SAP Compliance Profit and Loss Securities 52

Future CFO

MAY 15, 2023

At SAP, my role is to guide finance leaders on their digital transformation journeys, and one of the key components nowadays is to manage inflation. Effective hedge accounting strategies can be executed with real-time visibility into FX and interest rate exposures, ensuring compliance with regulations such as EMIR and IFRS 9.

IFRS 52

IFRS SAP Accounts Payable Compliance 52

Bramasol

JANUARY 27, 2023

In 2018, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) announced the release of new accounting standards, ASC 842 and IFRS 16, that redefined how organizations must account for leases. It is available as part of SAP Real Estate Management or as a separate solution.

Compliance 90

Compliance IFRS SAP Accounting Standards 90

Bramasol

DECEMBER 14, 2023

This can be seen clearly in the increased adoption of SAP Cloud-based S/4HANA over recent years. 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. SAP operates 57 data centers at 32 locations in 15 countries.

Technology 93

Technology SAP IFRS Compliance 93

Bramasol

MARCH 7, 2025

7 years after the launch of ASC 606 and IFRS 15, we have learned a lot about Revenue Recognition and in particular, Standalone Selling Price (SSP). Join our team of experts as we explore learnings from over 50 projects and share insights on implications of SSP.

SAP 97

SAP IFRS Compliance 97

Bramasol

APRIL 7, 2025

The combination of SAP cloud ERP applications, SAP Business AI, and SAP Business Data Cloud come together to deliver exceptional business valueall powered by SAP Business Technology Platform. SAP also helps track project progress, budgets, resource allocation, and timelines efficiently.

SAP 71

SAP Leverage Compliance IFRS 71