RevRec Ready Rapid Compliance Solution for ASC 606 & IFRS 15

Posted by Bramasol RevRec Team on Mon, Mar 19, 2018 @ 04:15 AM

RevRecReady-HotTip.jpgBramasol, the leader in Revenue Recognition solutions, has announced a new, purpose-built product that reduces complexity and gives companies across a variety of industries a ready-to-deploy turnkey solution for disclosure reporting and compliance.

The RevRec Ready Rapid Compliance Solution leverages the power of SAP RAR and combines it with Bramasol’s deep experience to provide a quick start that can get companies up and running in weeks instead of months and for an affordable price. 

This complete, ready-to-deploy approach gives CFOs a proven, fast and reliable way to meet RevRec compliance requirements without the risk of getting stuck in a long, open-ended process that might not yield the desired results.


The deadline to get compliant with ASC 606 and IFRS 15 has passed but many companies are still struggling with complex reporting requirements. Many companies with relatively straight-forward sales structures and simplistic multi-element products/services don’t want or need to become mired in overly complex RevRec solutions or long implementation processes.  But compliance with the new standards is NOT optional, so they need a risk-free solution that fits their specific situations.

“I am very excited about our new RevRec Ready Rapid Compliance Solution” said Dave Fellers, CEO of Bramasol.  “This solution delivers on our desire to help all companies comply with the new ASC 606 and IFRS 15 standards.   It is designed for companies that have simple needs or found that a brute force method doesn’t work and need a quick way to comply.   We have leveraged our more than three years of expertise and created a solution that includes the key elements anyone would need for basic compliance. It is a great first step on the way to transforming compliance into competitive advantage.”

Bramasol’s RevRec Ready Rapid Compliance Solution enables organizations to get ASC 606 & IFRS 15 compliance on a fast track and in a very cost-effective manner. For a starting price of $175,000, the pre-configured starter package includes the following:

  • Set up of SAP RAR in your environment
  • 5 of the Top Most Common Scenarios for Revenue Recognition (scenarios only, no variants)
  • Set of BRF Plus Rules to Drive
  • Documentation
  • Minor Customization - labels, fields, descriptors, materials
  • Out of the Box SAP RAR Reporting
  • Support for First Quarterly Reporting
  • Time with our Center Of Expertise
  • Basic Training Package

Click here to learn more about the RevRec Ready Rapid Compliance Solution

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Topics: revrec hot-tips

New eBook: SAP Cloud for Planning

Posted by Bramasol Financial Transformation Team on Fri, Mar 16, 2018 @ 07:43 AM

As part of Bramasol’s ongoing series on Financial Innovation, this eBook provides an in-depth look at how the SAP Cloud Analytics platform can be leveraged to provide flexible, integrated Cloud Planning processes across a wide range of enterprise functional areas.

Most conventional finance management technologies have developed to serve specific “stovepipe” functions and therefore lack native capabilities for cross-integration between applications.

Some of the chronic problems that arise from these limitations include:

  • Inefficient separation of analytical capabilities and transaction data
  • Inability to accurately aggregate disparate data for decision-making
  • Lack of support to business transformation initiatives
  • Dependence on IT staff for creating specialized and ad hoc reports
  • Loss of productivity due to users juggling multiple systems and data sources

Because of these issues, most companies are forced to spend an inordinate amount of time coping with mundane but necessary challenges such as “keeping the lights on” and juggling data sources just to keep their head above water. Industry surveys indicate that 70 to 80 percent of time is typically spent on such problems.  A key goal of Financial Transformation is to shift the balance in favor of spending less time on these non-productive activities and more time on driving business innovation.

In contrast, the approach to Digital Transformation for Finance developed by Bramasol in conjunction with SAP overcomes these limitations by bringing together Cloud functionality, Data from a variety of sources, Mobile access capabilities, and seamless connectivity to connect People throughout the enterprise and beyond.

As shown below, SAP Cloud Analytics is built around the core functionality previously known as SAP BusinessObjects (BOC), which brings together data, processes and collaborative communication capabilities within a single unified, interactive and adaptable environment.

eBook SAP Cloud for Planning.jpg

As described in this eBook, the SAP Cloud Analytics architecture and SAP Cloud Planning tool provide a highly flexible environment for extracting a range of different data sets from operational systems, aggregating them for analysis and then modeling a variety of scenarios to inform planning decisions.  The tools are designed to optimize communication between key roles and to enable integration of Business Intelligence, Predictive Analytics and Planning processes.

These capabilities provide a vital set of tools for CFOs, planning staff and corporate decision-makers to help overcome the limitations of legacy approaches and to enable Financial Transformation to improve operational processes, productivity, and overall business results in the near term and the future.

Click here to download the eBook on SAP Cloud for Planning


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Topics: Bramasol, financial transformation, Financial Innovation, S4HANA

Watch How A Leading Automotive Company Relies on Bramasol To Help Them With Complex RevRec Scenarios

Posted by Bramasol RevRec Team on Thu, Mar 15, 2018 @ 11:10 AM

Bramasol recently helped a $9B Tier One Automotive supplier with a customized Revenue Recognition solution to help them become IFRS 15 compliant and optimize their business processes to support them in their quest for continuous performance improvement. The customer has manufacturing facilities located around the world and is a global product leader in clean and efficient technology solutions for combustion, hybrid and electric vehicles.

This organization was very proactive in searching for a comprehensive RevRec solution to help them become compliant ahead of the January 2018 deadline. In addition to being an early adopter, the client had some unique challenges around complex scheduling, engineering design & development and volume pricing. They also had challenges fitting their business processes and revenue postings in the standard SAP RAR functionality. They needed a solution that would integrate to their contract repository system which was under development.

Being a key partner in the SAP Ramp-Up program, Bramasol was the natural choice to help deliver a SAP RAR solution that was flexible enough to support all their accounting and reporting requirements.

Bramasol developed a custom solution to accommodate their requirements for 3 scenarios, configured the standard functionality to achieve the goal of revenue postings and integrated it with the custom contract repository, followed by a successful migration of business process to the new environment. Their goal of fulfilling their customer demand with technological advancements is now simpler to achieve than ever.

Our work was well appreciated by the customer – “Bramasol Provided the technical and functional resources we needed to deliver our project on-time

Watch Customer Story Video

CS_Automotive watch Video.jpg


If you need to get compliant with ASC606, IFRS15, do what the fortune 500 do ...Call Bramasol


Simply Request a Demo Now

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Topics: Bramasol, SAP Revenue Accounting and Reporting, revrec, Success Story, Customer Story

Companies Brace To Put Leases On Balance Sheets

Posted by Bramasol Leasing Administration Team on Mon, Mar 12, 2018 @ 04:17 AM

LeaseAdministration-HotTip.jpgThis recent article in Global Finance provides an excellent overview of challenges facing companies regarding compliance with new Lease Accounting standards, ASC 842 & IFRS 16, "Companies Brace to Put Leases on Balance Sheet".

Some highlights from the article are as follows:

"It’s not just 2019-and-forward numbers that need to be stated. The standards also require restatement of prior years’ balance sheets. While the international standard requires all leases to be clearly delineated, the US GAAP standard parses some fine points, exempting many small-value or short-term leases. It also exempts leases of intangibles, mineral rights, inventory, timber and assets under construction."

"Restating the books won’t be a fully automated task. Even technologists acknowledge that there’s no downloadable magic wand that will move the leases from the footnotes into the accounting equation.

The difficulties start, as they often do, with the data gathering phase.

“Most companies don’t have this end of the enterprise electrified,” says Pete Graham, SAP’s director of finance solutions and mobility. “Most lease data still resides in paper contracts.”

He cites the transportation, retail, pharma and oil-and-gas sectors as the ones most impacted by the accounting changes. They, presumably, become the ones that will need to explain the new guidance to the stock analysts and rating agencies."

So, where do you go from here?

As a recognized industry innovator in transformative Office of the CFO solutions and the clear leader in helping companies implement recent major changes to Revenue Recognition standards, Bramasol has now also jumped out ahead of the curve to create strategic and tactical implementation solutions for ASC 842 and IFRS 16 lease accounting changes.

All companies, whether lessors, lessees or both, need to leverage the process of changing their lease management methodologies. This will allow them to gain better visibility of their lease portfolios, streamline the process of lease management and reduce overall costs.

Our holistic approach assures Compliance with the new standards while also providing a structured solution for Optimization of all lease administration and portfolio management and an integrated system for Transformation of how leasing is handled within overall end-to-end business processes.

Companies Brace To Put Leases On Balance Sheets_blog-graphic-12-mar-updated.jpg

For more information, visit the Bramasol Leasing Solutions web page.


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Topics: Leasing-Hot-Tips

Financial Transformation is Vital for High-Tech Industries

Posted by Bramasol Financial Transformation Team on Sun, Mar 4, 2018 @ 01:38 PM

FinancialTransformation-HotTip.jpgHigh-Tech companies face a number of key challenges that can be addressed by Financial Transformation Initiatives.

Some of the most important issues include:

Improving Customer Engagement:
Most high tech companies need to manage either B2C or B2B relationships. It is increasingly clear that achieving success in both of these areas requires similar approaches to meet escalating expectations of both businesses and consumers for immediacy, accuracy and responsiveness.

Legacy approaches using manual intervention and/or cumbersome processes can no longer fulfill these expectations so high-tech companies are looking toward integrated solutions to provide accurate, real-time management of order delivery, returns, promotion marketing, and customer service.

Increasing Product Profitability:
Tracking product profitability is vital to business success and ensuring that profitability is tracked accurately in a timely manner can be a complex challenge. With legacy systems, accurate analysis is difficult and again can be manually intensive to pull and reconcile data from multiple sources. Creating a single-source-of-truth through Financial Transformation improves both speed and accuracy, making profitability analysis a routine element of on-going operations to assure agility for achieving business goals. 

Managing Inventory and Distribution Costs:
Inventory and distribution costs are too often viewed in the rear view mirror. Being able to be able to manage costs and to be able to fulfill customer demands requires accurate predictive analysis to manage the balance between meeting demand and controlling costs.

Streamlining Operational Processes:
Challenges in accessing common information across the entire organization and integrating communications between different organizations within your business and with vendors have often proved seemingly insurmountable. These challenges prevent businesses from working at their most efficient and can significantly affect the financial closure process.  Here again, establishing a unified single-source-of-truth with consistent data across all processes enables more nimble, accurate and timely results for the entire enterprise.

Optimizing Cash Generation:
Being able to effectively manage your cash flow both in and out is critical to the health of your business. As high tech industries are characterized by large volumes of transactions for suppliers and customer billings these processes need to be considered as a single flow.  Integrated systems within a seamlessly unified financial environment provides a much clearer big-picture view of all cash flows, along with predictive analytics capabilities to assure optimal cash management.


Overcoming the above challenges requires a comprehensive Financial Transformation strategy that incorporates these three key elements:

  • Real Time Analytics
  • Integrated Business Planning
  • Integrated and Adaptive Communications structures 

Combining these elements within a unified system based around a single-source-of-truth can provide high-tech businesses with the ability to move seamlessly from “insight to action” in real time.

Integrated operational processes are critical to the survival of High tech businesses. Being able to operate these processes in a fully integrated way enables businesses to respond to market forces in real time and more accurately predict market needs going forward.

For more information, visit Bramasol's Financial Transformation resources online.


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Topics: FinancialTransformation-Hot-Tips, high-tech industries

For SAP RAR Success, Only Trust the Best

Posted by Bramasol RevRec Team on Mon, Feb 26, 2018 @ 07:05 AM

RevRecReady-HotTip.jpgThe new Revenue Recognition standards deadline has arrived but the road to successful implementation, disclosure reporting and operational optimization continues throughout 2018.

You made a significant investment in making sure you comply with the latest regulations for revenue recognition, ASC 606 and IFRS 15.  Why trust just anyone to help you optimize your investment?

Other companies claim to know about SAP RAR, but are they the leaders with deep, proven experience on more projects and co-innovators with SAP?  Only one partner is – Bramasol.

Bramasol is leader in revenue recognition consulting and implementation.  And, with over 21 years of SAP experience we have the experience, expertise and people to help you maximize your investment in SAP RAR.  We offer comprehensive ongoing support for your SAP Revenue Accounting solution with support packages tailored to your needs that are flexible, affordable and will help you optimize your investment.

Bramaso Revenue Recognition Leader _tue-tip-27-feb.jpg

Click here to learn more about how Bramasol can help.


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Topics: revrec hot-tips

FASB Update to ASC 842 Provides Relief on Easements and Rights of Way Accounting Methods

Posted by Bramasol Leasing Administration Team on Sun, Feb 18, 2018 @ 05:25 PM

LeaseAdministration-HotTip.jpgAs the January 2019 deadline for implementing new lease accounting standards (ASC 842 and IFRS 16) approaches, FASB has been addressing a number of issues that arise with regard to transitioning from current regulatory practices to the new standards. 

As part of this evolutionary process, FASB has issued Accounting Standards Update 2018-01 "Land Easement Practical Expedient for Transition to Topic 842".

This update will be of particular importance for industries such  as Oil & Gas, Telecommunications, Utilities and other sectors that traditionally depend heavily on easements and rights of way to conduct their business.

In connection with the FASB’s transition support efforts, a number of stakeholders in these industries have inquired about the application of the new lease requirements in Topic 842 to land easements. Land easements (also commonly referred to as rights of way) represent the right to use, access, or cross another entity’s land for a specified purpose. 

Key provisions of the update are as follows:

"To address stakeholder concerns about the costs and complexity of complying with the transition provisions of the new lease requirements, the amendments in this Update provide an optional transition practical expedient to not evaluate under Topic 842 existing or expired land easements that were not previously accounted for as leases under the current leases guidance in Topic 840.

An entity that elects this practical expedient should evaluate new or modified land easements under Topic 842 beginning at the date that the entity adopts Topic 842. An entity that does not elect this practical expedient should evaluate all existing or expired land easements in connection with the adoption of the new lease requirements in Topic 842 to assess whether they meet the definition of a lease."

Key Points of FASB Update_TuesdayTip_ASC842.jpg

Click Here to Read the Entire Update 2018-01 to Topic 842

Click Here for More Information on Bramasol Lease Accounting Solutions


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Topics: Leasing-Hot-Tips

Start a Free Trial of S/4HANA Cloud

Posted by Bramasol Financial Transformation Team on Mon, Feb 12, 2018 @ 05:38 PM

Start your SAP S/4HANA experience with a free, 14-day trial.  


SAP S/4HANA is the next generation business suite designed to help you run simple in the digital economy. With this new trial, you will discover the value of simplicity across concrete roles and predefined scenarios:

  • Production Planner: Manage forecasted demand, monitor & manage material shortages, and schedule MRP runs
  • Project Manager: Easily create, plan, staff, and bill customer projects
  • Cash Manager: Efficiently monitor and analyze cash position, make and track bank transfers
  • General Ledger Accountant: Effortlessly review financial statements, account balances, and individual line items
  • Accounts Receivable Accountant: Quickly process incoming payments, collect cash, and clear customer accounts
  • Accounts Payable Accountant: Efficiently review and manage vendor accounts and invoices
  • Accounts Receivable Manager:: Easily manage and monitor a company's accounts receivables
  • Purchaser: Easily create a purchase order, post a goods receipt, and create an invoice
  • Sales Representative: Reviews sales orders, identify problems, and analyze options for resolution
  • Quality Inspector: Verify the quality of inspection lots and take usage decisions
  • Asset Accountant: Display the asset master worklist and check fixed asset details

As a co-innovation leader with SAP and the premiere resource for RevRec, Leasing and Financial Innovation solutions, Bramasol is geared to deliver results for the Office of the CFO and across the entire enterprise. Start your free trial and we can help you get started on your journey to new levels of productivity, user engagement and improved business results.Start Your Free Trial Now SAP S4HANA 14 day free trial Bramasol TuesdayTip-1.jpg

Click here to start your free trial of S/4HANA Cloud


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Topics: FinancialTransformation-Hot-Tips

Join Bramasol at SAPInsider Financials 2018

Posted by Bramasol Financial Transformation Team on Sun, Feb 4, 2018 @ 01:21 PM

Reminder to Join Bramasol at SAP Insider Financials 2018

We are looking forward to Financials 2018, which will take place February 12-15 at the Wynn Las Vegas

As a leading co-innovator with SAP, Bramasol has deep experience in serving the Office of the CFO and is dedicated to helping our customers optimize integration, analytics, compliance, disclosure reporting and best practices for Revenue Recognition, Leasing Administration, and Financial Innovation using S/4HANA Cloud along with pre-built reporting solutions and integrated Cloud Analytics.

Please plan to join Bramasol at Booth #435 and learn the latest about our offerings.
Also, plan to attend Bramasol's hosted sessions:

RevRec — Updates on SAP Revenue Accounting and Reporting and project insights
Chris Ritterhern, Bramasol; Sarah Thompson, Bramasol; and Pete Graham, SAP

La Tache 2

Monday, Feb 12, 11:15am 12:15pm

Clarity from chaos — Using LASER methodology for a successful leasing compliance project
John Froelich, Bramasol; Carrie Peterson, Bramasol; and Pete Graham, SAP

Mouton 2

Tuesday, Feb 13, 8:30am-9:30am

Certificate-of-Qualification-for-Disclosure-Reports.gifWe will also be debuting our new SAP-Qualified Partner-Packaged Solution on Analytics For Disclosure Reporting.

This pre-built solution addresses reporting in Revenue Recognition and Leasing in support of ASC 606 and 842 regulations for companies in the Consumer Products, High Tech, Industrial Machinery Components, and Retail industry in North America. It has been reviewed and qualified as an SAP-qualified partner-packaged solution for SAP® Analytics Cloud.

This solution is deployed based on a predefined scope, leveraging preconfiguration, accelerators, methodologies, and tailored partner services to help customers run simple and realize rapid time-to-value with reduced risk and predictable outcome.

Click below to register and get a $300 discount courtesy of Bramasol.

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Video: SAP Cloud Analytics Overview

Posted by Bramasol Financial Transformation Team on Sun, Feb 4, 2018 @ 07:49 AM

FinancialTransformation-HotTip.jpgAs a leading co-innovation partner with SAP, Bramasol has been at the forefront of implementing real-world applications of SAP Cloud Analytics across a variety of business scenarios.

SAP Cloud Analytics enables C-level executives and other staff to Discover, Analyze, Plan, Predict, and Collaborate in one integrated experience designed expressly for the cloud.

This allows you to access all data in one location and embed analytics directly into business processes to turn instant insight into quick action.

Key features of SAP Cloud Analytics include:

  • Cloud deployment
  • Real-time analytics
  • Ad-hoc queries
  • Collaboration tools
  • Access on-premise and cloud data
  • Explore, discover, visualize, and communicate data
  • Discuss and share insights in context
  • Gain access to real-time business intelligence

This short video provides an overview of SAP Cloud Analytics and shows the key components of the tool with a high-level view of how stories load into SAP Digital Boardrooms.  Please also look forward to new videos coming soon describing how SAP Cloud Analytics can integrate multiple data sources to provide high-level reporting along with drill-down capabilities for detailed content and context.

Click here or below to watch the video.


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Topics: FinancialTransformation-Hot-Tips

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