Remove Cash Management Remove IFRS Remove Invoicing
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Unifying Operational Accounting and Compliance Accounting in the Office of the CFO

Bramasol

For example, the shift toward subscription-based, recuring revenue offerings in the Digital Solutions Economy (DSE) is requiring significant process changes in order to unify billing, invoicing, delivery, collections, etc. This has enabled clients to smoothly comply with ASC 842 and IFRS 16.

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Looking Ahead at Five Key Trends to Watch in 2022

Bramasol

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.

SAP 52
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ERP and EPM Systems – Better Together

Planful

Accounts receivable and collections management. Fixed asset management. Treasury and cash management. Most ERP systems are built and deployed using a relational database management system (RDBMS), which is optimized for high-volume transaction processing. Accounts payable. Order processing and billing.