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.

Technology 89

Technology IFRS SAP Compliance 89

Bramasol

JULY 26, 2024

As the SAP partner with the most revenue recognition implementations and deepest involvement in the ongoing refinement of solutions such as SAP Revenue Accounting and Reporting (RAR) and Automated Revenue Management solutions, Bramasol can help you navigate the most complex RevRec scenarios.

SAP 80

SAP IFRS GAAP Compliance 80

Bramasol

SEPTEMBER 26, 2022

For example, shipments of goods are typically billed based on weight, size and distance and customers that maintain subscription accounts with carriers can receive discounts on their shipping costs. In some ways, the transportation sector has always included services based on subscriptions and usage.

Transportation 82

Transportation SAP IFRS Compliance 82

Bramasol

OCTOBER 26, 2021

Since both the Comply, Optimize, Transform approach and RISE with SAP migration tools enable complementary paths that lead to the Intelligent Enterprise on S/4HANA, it makes a lot of sense to leverage the synergies wherever possible. Overview of Comply, Optimize, Transform.

SAP 81

SAP IFRS Compliance Treasury 81

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. Freeze periods on time-based POBs.

SAP 77

SAP IFRS Compliance Invoicing 77

Bramasol

FEBRUARY 29, 2024

Both GROW and RISE with SAP are designed to support smooth customer transformation journeys from their unique starting points by leveraging the SAP modular ERP cloud architecture as shown below. The core cloud ERP can be SAP S/4HANA Cloud in either public or private cloud deployments.

SAP 58

SAP IFRS Compliance Leverage 58

CFO Talks

SEPTEMBER 26, 2024

Complex Reporting Standards: Adhering to both International Financial Reporting Standards (IFRS) and local regulations can complicate financial reporting. For SMEs, the IFRS for SMEs standard simplifies reporting but still requires thorough understanding and application.

IFRS 52

IFRS Compliance Auditing Financial Reporting 52

Bramasol

NOVEMBER 13, 2023

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. For more on alternative approaches, read the next section.)

SAP 73

SAP General Ledger IFRS Compliance 73

Bramasol

SEPTEMBER 8, 2024

It marks a substantial leap forward that is built on earlier revenue management systems, such as SAP Revenue Accounting and Reporting (RAR) and SAP Automated Revenue Management (ARM). Enhanced Compliance : Facilitates adherence to accounting standards and regulations, reducing the risk of non-compliance and associated penalties.

SAP 59

SAP General Ledger Compliance Accounting Standards 59

CFO Talks

JUNE 7, 2022

Steward Role & Competencies: Accounting, control, risk management and asset preservation are the proficiencies of the Steward. Accounting knowledge (IFRS and taxation). Staff management, mentoring, team building, and creating accountability. Investment and credit risk knowledge. Competencies include: Staff planning.

CFO 52

CFO IFRS Risk Management Leadership 52

CS Lucas

NOVEMBER 29, 2023

Covenant Threshold Monitoring To avoid any risk of breaching any covenants, the system monitors the current status against periodic covenant tests for earnings, leverage, liquidity, or other metrics dictated by lending agreements. Alerts notify appropriate stakeholders as threshold limits approach.

Technology 52

Technology Treasury IFRS Compliance 52

CFO Talks

OCTOBER 1, 2024

This Interview conducted by Leana van der Merwe CBA(SA), CA(SA), a Technical Specialist at the Chartered Institute for Business Accountants (CIBA) and editor of CFO Club, with Dr. Daan Steenkamp, the CEO of Codera Analytics. Differences in accounting treatment for intangible assets in South Africa versus other countries.

Leverage 52

Leverage Investments Economics Accounting 52

The Finance Weekly

JUNE 17, 2024

Overview of Planful Planful is a cloud-based software designed to empower finance, accounting, and business users with a range of financial applications. By leveraging Planful, these organizations can speed up cycle times, improve productivity, and ensure accurate reporting.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Planning Budgeting Forecasting 52

Bramasol

DECEMBER 13, 2021

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. This is another subject that we've been tracking closely and have addressed in a recent blog on Carbon Accounting Compliance.

SAP 52

SAP Compliance Profit and Loss IFRS 52

The Finance Weekly

JANUARY 31, 2022

Financial leadership includes strong grip over technical accounting including IAS/IFRS, risk management and compliance, mergers and acquisitions, financial management, financial planning, budgeting & forecasting and integrated financial reporting. This collaboration can help maximize the ROI on these projects.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Leadership IFRS Budgeting 52

Planful

FEBRUARY 21, 2017

It usually begins with the collection of financial results from multiple systems, divisions, and subsidiaries with each having their own charts of accounts and business practices. These results then require consolidation following US GAAP or IFRS guidelines. A big challenge in the year-end close process is account reconciliations.

Reconciliations 40

Reconciliations IFRS GAAP Leverage 40

Planful

JANUARY 3, 2017

Accounts payable. Accounts receivable and collections management. General ledger accounting. 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. Order processing and billing.

General Ledger 40

General Ledger Budgeting Forecasting Cash Flow Forecasting 40

Spreadym

AUGUST 10, 2023

When choosing the best financial reporting software solution, it's important to consider factors such as ease of use, scalability, integration with existing systems, compliance with accounting standards, cost, customer support, and any unique requirements your organization might have.

Financial Reporting 52

Financial Reporting Financial Planning and Analysis (FP&A) Accounting Standards CFO 52

Planful

AUGUST 1, 2017

US GAAP, Canadian GAAP, IFRS, etc.). So instead, most organizations leverage software applications designed to address all of these requirements – software that also helps them manage and streamline the close, consolidation, and reporting process. Multi-GAAP reporting (i.e., Regulatory reporting and filings. External board reporting.

GAAP 40

GAAP Value-Added Analysis IFRS Auditing 40

Jedox Finance

JULY 11, 2023

5 Other sustainability reporting initiatives in development include those of the International Sustainability Standards Board (ISSB), developed by the International Financial Reporting Standards (IFRS) Foundation. The final ESRS requirements are to be passed as law at the end of July 2023 and no later than the end of August 2023.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Finance Profit and Loss Compliance 52

Onplan

NOVEMBER 30, 2022

Our guide to the best FP&A tools compares each vendor based on five criteria: Adoption — How easy it is for users to adopt the technology and learn and leverage its full extent of features and capabilities. Automated reporting also enforces compliance with GAAP and IFRS standards.

Financial Planning and Analysis (FP&A) 52

Financial Planning and Analysis (FP&A) Budgeting Forecasting Planning 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.

Compliance 80

Compliance IFRS SAP Accounting Standards 80

Bramasol

DECEMBER 14, 2023

We've also seen benefits from our experience with related functions such as treasury, lessor accounting and the overall S/4HANA ecosystem as new DSE offerings from our clients become more complex with multi-element bundles.

Technology 83

Technology SAP IFRS Compliance 83

Bramasol

APRIL 7, 2025

Lessor and Lessee Accounting: Today's telecom ecosystem also involves opportunities for leasing out towers, fiber, etc. Better Accounting Compliance: Cloud-based ERP systems ensure accurate financial reporting, adherence to tax laws, and audit readiness. to other providers, as well as leasing infrastructure from them.

SAP 58

SAP Leverage Compliance IFRS 58

Musings on Markets

FEBRUARY 23, 2025

There are many who trust accountants to do this for them, using whatever is listed as debt on the balance sheet as debt, but that can be a mistake, since accounting has been guilty of mis-categorizing and missing key parts of debt.

Hurdle Rate 75

Hurdle Rate Marketing Investments IFRS 75

CFO Talks

MARCH 12, 2025

Leverage Online Learning Platforms Online learning platforms provide excellent opportunities to expand financial knowledge. Courses from platforms like Coursera, Udemy, and LinkedIn Learning offer training in finance, accounting, and business strategy.

Finance 52

Finance IFRS Compliance Financial Modeling 52