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Compliance with standards like ASC 606 and IFRS 15 is still crucial, but the focus has shifted to optimising operations for growth. For many organisations, revenue recognition is a strategic function that impacts forecasting, investor relations, and the companys financial health report. Inaccurate forecasting and reporting.
Lease Accounting: The Bramasol team has deployed SAP solutions such as Contract Lease Management (CLM) to optimize both operational and compliance accounting processes a cross diverse application requirements, including equipment leases, real estate leases and even bundling subscriptions with leased equipment.
Accounts receivable and collections management. Fixed asset management. Treasury and cashmanagement. Most ERP systems are built and deployed using a relational database management system (RDBMS), which is optimized for high-volume transaction processing. Orchestrating and managing a rolling forecast process.
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.
Finance professionals and teams today have numerous solutions available to help them plan, budget, forecast, and analyze financial information. OnPlan is a financial modeling and forecasting tool built by financial planners and analysts. Budgeting and rolling forecasts, as well as what-if scenario planning. Key features.
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