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As shown below, everything that is needed can be combined within a unified architecture that leverages the inherent scalability of S/4HANA Public Cloud and SAP Business Technology Platform (BTP). GAAP, IFRS) for various countries and ensuring accuracy in financial reporting can add significant complexity and time to the close process.
By leveraging our leadership in deploying more RAR implementations than any other partner, Bramasol is also at the forefront of helping refine and deploy these new Universal RevRec capabilities. You can post different data for each ledger and therefore also display or select data from different ledgers in many Finance apps.
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.
Generalledger accounting. The data in an ERP system is typically summarized in the generalledger module. 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.
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. Key features.
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