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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 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.
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.
Market dynamics and uncertainties are making revenues less predicable for MedTech manufacturers, thereby impairing forecasting and planning processes. 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.
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.
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.
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.
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.
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.
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