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RevRec Events at SAP Automotive Best Practices

Posted by Bramasol RevRec Team on Sat, Sep 16, 2017 @ 12:00 AM

Join Bramasol at Best Practices for Automotive and be sure to attend the two special sessions on Revenue Recognition detailed below.

September 18-20, 2017, MGM Grand Detroit, Michigan

BorgWarner’s Revenue Recognition Journey: How We Met the New ASC606/IFRS15 Standard
Tuesday, September 19, 2017 at 2:25-3:05 PM (FINANCE Track)

In 2014, BorgWarner became aware of a new common revenue recognition standard for U.S. GAAP and IFRS, known as ASC606/IFRS15, that would impact how we recognized revenue and make fundamental changes to our accounting practices. BorgWarner had to identify the key requirements of the new standard and determine to what extent it would affected our business. Working with key stakeholders within BorgWarner and internal/external auditors, we were able to define the record keeping and accounting requirements and classify the impact into five main scenarios. Once these scenarios were identified, BorgWarner had to select the best solution for handling them. This solution would require the creation of a contract repository and a software tool to meet the new standard’s audit and accounting requirements. This presentation details the process that BorgWarner used to define the impact of ASC606/IFRS15, identify scenarios related to this, select and implement a solution.

Key Business Benefits:

    • Compliance with the new ASC606/IFRS15 Revenue Recognition Accounting Standard
    • Collaboration between two Global SAP Teams to provide one global solution for use by over 75 locations worldwide across 2 SAP instances.
    • Creation of a strong global team to meet future business challenges.
Presenter: Ronald Shoemaker
Senior Manager FICO, SAP Team, BorgWarner Inc.

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Workshop: Getting Ready for New Leasing & RevRec Standards, The Clock is Ticking

Wednesday, September 20, 2017 at 1:30-2:10 PM (FINANCE Track)

With less than a year to go for RevRec and 18 months for Leasing, will you be ready to comply with the new IFRS 15/ASC 606 and IFRS 16 and ASC 842 standards?  In this workshop, we will share with you what is needed to be ready, cover some speedbumps to watch out for and myths about both of these subjects.  If you want to be ready with a complete, integrated, scalable solution from SAP, this workshop is for you.

Presenter: John Froelich
Vice President - Strategic Accounts and Marketing , Bramasol Inc.
 
For a personal consultation on Revenue Recognition, SAP Lease Administration, S/4HANA Cloud or Financial Transformation, visit Bramasol at Booth#26.
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Whether or not you can make the Best Practices for Automotive conference, you or a colleague may also be interested in attending one of these upcoming webinars:
 
How Financial Transformation Accelerates Expense Management
September 21, 2017 at 10:00 AM PDT - 1 PM EDT

SAP RAR - Data Migration and Reporting
September 28, 2017 at 10:00 AM PDT - 1 PM EDT
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Topics: revenue recognition

Webinar Sep 21 - Financial Transformation Accelerates Expense Management

Posted by Bramasol Financial Transformation Team on Fri, Sep 15, 2017 @ 12:14 PM

On September 21, 2017, we invite you to attend the next webinar in Bramasol's highly regarded series on financial management issues.

"How Financial Transformation Accelerates Expense Management"
September 21, 2017 10 AM PDT - 1 PM EDT

As part of our Financial Transformation series, this session drills down to focus on how the Digital Core can enable native integration for seamless Expense Management, thereby optimizing key operational processes, improving user productivity and enabling real time analytics.

In this webinar, we will address the key benefits of Financial Transformation, which include:

  • Single-source-of-truth for predictive and real-time decision-making
  • Repeatable & sustainable processes to accelerate closing (monthly, quarterly & annual)
  • Improved responsiveness to new regulatory and compliance requirements
  • Integration of best-fit applications for key functions (HR, expenses, supply chain, etc.)

Included in this webinar will be a hands-on demonstration of how the Digital Core can be integrated specifically with Human Capital Management (HCM) and expense management functions.

The presentation will be followed by a live Q&A to address questions from participants.

 Reserve your seat now by registering here

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Topics: financial transformation

Webinar Video: SAP Real Estate Management (RE-FX)

Posted by Bramasol Leasing Administration Team on Tue, Sep 12, 2017 @ 01:52 PM

The video of the latest webinar in our series on financial management topics is now available for viewing.

Recorded on September 12, 2017, "Save Time and Money with SAP RE-FX - the latest release" covers key functionality now available in SAP Real Estate Management.

SAP Real Estate Management is a full-featured, integrated solution for managing real estate. The solution supports all phases of the life cycle of real estate assets, including the acquisition or disposal of real estate, management of the real estate portfolio itself, property and technical management, and support processes like management accounting and reporting.  

Click here to access this video and videos from other previous webinars.

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Topics: leasing

Webinar Video on SAP Lease Administration by Nakisa

Posted by Bramasol Leasing Administration Team on Fri, Sep 8, 2017 @ 08:19 AM

The video of the latest issue in our highly successful webinar series for finance professionals is now available for viewing online.

Recorded August 29, 2017, this webinar focused on "What's New with Lease Administration by Nakisa"

Nakisa has announced the release of version 4.0 of Lease Administration by Nakisa, which is a SAP Solution Extension, co-developed with SAP and also sold by SAP as SAP Lease Administration by Nakisa and is the only equipment leasing solution sold and supported by SAP for lease accounting standards.

The new features in 4.0 add powerful accounting functionality essential for enabling compliance, including lease determination support and lease event management. Lease Administration by Nakisa’s expanded capabilities will also allow companies to leverage data in non-SAP systems.

This new version 4.0 can now make use of parallel accounting in SAP, with enhanced central governance and segregation of duties allowing for greater security and control over the process.

“We have hit a critical point on our path towards compliance where any business not making concrete actions and steps is at considerable risk. With version 4.0, customers can accelerate their go-lives, minimize effort and reduce risk by leveraging native connectivity with SAP ERP Financials.” said Romeo De Leon, Global Manager of Finance Line of Business at Nakisa.

This video provides an update on new functionality in Lease Administration by Nakisa and details what companies need to be doing now in order to be ready for compliance with the new standards.

Click here to access this and other videos from the Bramasol webinar series.

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Topics: financial transformation, S/4 HANA Cloud

Webinar Sept 12: Flexible Real Estate Management with SAP RE-FX

Posted by Bramasol Leasing Administration Team on Wed, Sep 6, 2017 @ 08:00 AM

On September 12, 2017, we invite you to attend the next webinar in Bramasol's highly regarded series on financial management issues.

"Save Time and Money with SAP RE-FX - the latest release"
September 12, 2017 10 AM PDT - 1 PM EDT

This session will feature SAP's Tom Anderson and key members of the SAP Real Estate team who will talk about and answer questions on the latest release of SAP Real Estate Management (RE-FX).

SAP Real Estate Management is a full-featured, integrated solution for managing real estate. 

The SAP flexible real estate management solution supports all phases of the life cycle of real estate assets, including the acquisition or disposal of real estate, management of the real estate portfolio itself, property and technical management, and support processes like management accounting and reporting.  

 Reserve your seat now by registering here

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Topics: leasing

Webinar Video on Financial Transformation with S/4HANA and Cloud Analytics

Posted by Bramasol Financial Transformation Team on Fri, Aug 25, 2017 @ 09:16 AM

The video of the latest issue in our highly successful webinar series for finance professionals is now available for viewing online.

Recorded on August 22, 2017, this webinar focused on Financial Transformation with S/4HANA Cloud ERP & Cloud Analytics

In the video, we present an overview of how S/4HANA Cloud ERP and Analytics provide the building blocks for fueling Financial Transformation. In addition to discussing the S/4HANA enabled Digital Core, we also drill-down with specific examples of how SAP Cloud Analytics can identify and help resolve operational issues in S/4HANA Cloud.

Click here to access this and other videos from the Bramasol webinar series.

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Topics: financial transformation, S/4 HANA Cloud

Webinar: What's New with Lease Administration by Nakisa, August 29, 2017

Posted by Bramasol Leasing Administration Team on Thu, Aug 24, 2017 @ 07:42 AM

We invite you to join Bramasol and Nakisa for our next webinar on lease administration.

What's New with Lease Administration by Nakisa
August 29, 2017 - 10 AM PDT - 1 PM EDT

Nakisa has announced the release of version 4.0 of Lease Administration by Nakisa, which is a SAP Solution Extension, co-developed with SAP and also sold by SAP as SAP Lease Administration by Nakisa and is the only equipment leasing solution sold and supported by SAP for lease accounting standards.

The new features in 4.0 add powerful accounting functionality essential for enabling compliance, including lease determination support and lease event management. Lease Administration by Nakisa’s expanded capabilities will also allow companies to leverage data in non-SAP systems.

This new version 4.0 can now make use of parallel accounting in SAP, with enhanced central governance and segregation of duties allowing for greater security and control over the process.

“We have hit a critical point on our path towards compliance where any business not making concrete actions and steps is at considerable risk. With version 4.0, customers can accelerate their go-lives, minimize effort and reduce risk by leveraging native connectivity with SAP ERP Financials.” said Romeo De Leon, Global Manager of Finance Line of Business at Nakisa.

The webinar on August 29, 2017 will present an update on new functionality in Lease Administration by Nakisa and will detail what companies need to be doing now in order to be ready for compliance with the new standards.

Click here to register for the webinar.

 Aug29webinar2.jpg

Read More

Topics: leasing

Webinar on SAP RAR Updates, SP2 and Roadmap, August 24, 2017

Posted by Bramasol RevRec Team on Fri, Aug 18, 2017 @ 05:48 AM

On August 24 we invite you to see the next installment in our highly successful RevRec webinar series. 

SAP RAR Updates on SP2 and Roadmap
August 24, 2017 10 AM PDT - 1 PM EDT

In this webinar, Bramasol and SAP will cover updates to SP2 and discuss the roadmap for SAP RAR. 

With less than five months until the mandated adoption of new Revenue Recognition standards ASC 606 and IFRS 15, it is critical for companies to be actively implementing their plans now. Following the SAP RAR roadmap offers a streamlined path to becoming #RevRecReady and assuring compliance. 

 Reserve your seat now by registering here

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We look forward to seeing you there.  Take action today by signing up.

Also, you or a colleague may be interested in these other webinars from Bramasol in August:

Financial Transformation with S/4HANA Cloud ERP & Analytics - August 22, 2017

What's New with Lease Administration by Nakisa - August 29, 2017 

Read More

Topics: SAP Revenue Accounting and Reporting

Webinar on Financial Transformation with S/4HANA on August 22, 2017

Posted by Bramasol Financial Transformation Team on Tue, Aug 15, 2017 @ 06:00 AM

On August 22, 2017 at 10 AM PDT / 1 PM EDT we invite you to see the next installment in our highly successful webinar series.  This webinar will focus on Financial Transformation with S/4HANA Cloud ERP & Analytics

In the webinar, we will present an overview of how S/4HANA Cloud ERP and Analytics provide the building blocks for fueling Financial Transformation. In addition to discussing the S/4HANA enabled Digital Core, we will drill-down with specific examples of how SAP Cloud Analytics can identify and help resolve operational issues in S/4HANA Cloud. The webinar will include a live Q&A session.

Click below to register and join us on August 22, 2017.

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Topics: financial transformation, S/4 HANA Cloud

RevRec Webinar Video: Ease the Burden of Complex Disclosure Reporting with Pre-Built Reports

Posted by Bramasol RevRec Team on Sat, Jul 29, 2017 @ 08:51 AM

The video is now available for Bramsol's latest installment in our highly successful Revenue Recognition Webinar Series.

"Ease the Burden of Complex Disclosure Reporting with Bramasol's Pre-Built Reports"

Presented on July 27, 2017, this webinar focused on how companies can quickly flesh out their disclosure reporting processes, with less than six months left until the mandated adoption of new Revenue Recognition standards ASC 606 and IFRS 15.

Disclosure reporting under ASC 606 for RevRec will be complex and require extensive quantitative and qualitative data and notes. Spreadsheets are not up to the task. Learn how Bramasol can save you time and money on your preparation and audit for Financial Disclosures for your 10K/10Q.

We have developed 10 key reporting tools that gather the majority of key information for you and present them in easy to use formats.

Click Here to View this Video and previous RevRec Webinars in this series.

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Topics: revenue recognition