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See Bramasol at SAP Financial Excellence Forum Oct 10-11

Posted by Bramasol on Wed, Sep 27, 2017 @ 12:00 AM

Please join with Bramasol at SAP Financial Excellence Forum October 10-11, 2017 in New York City to learn how top organizations are transforming their financial management processes.

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In addition to being available to discuss our industry-leading initiatives in Revenue Recognition, Lease Accounting/Administration and Financial Transformation, Bramasol will be teaming with SAP for the following special presentation on Wednesday, Oct 11, 2017.

Time & Place: October 11, 2017 at 1:30 PM at The Harvard Club, NYC.

Title: " The SEC is watching.  Tips and Tricks for how you can be better prepared for Revenue Recognition (ASC 606/IFRS 15) and Leasing (ASC 842/IFRS16) compliance."

Abstract:

IFRS 15 / ASC 606 (revenue recognition) and IFRS 16 / ASC 842 (leases) are quickly approaching accounting standards requiring offices of the CFOs to implement new accounting software. SAP and Bramasol have been following these accounting standards diligently and has several solutions that help offices of the CFO to enable compliance with IFRS 15 / ASC 606 & 16 / ASC 842.

In 2014, the International Accounting Standards Board (IASB) and Financial Accounting Standards Board (FASB) issued the new International Financial Reporting Standard (IFRS 15 / ASU 2014-09, ASC 606) which specifies the accounting rules for revenue recognition. In order to support our customers to enable compliance with this new standard, SAP has provided a new solution called SAP Revenue Accounting and Reporting (RAR) generally available (GA) since March 31, 2015. With this solution, SAP addresses requirements derived from this new accounting standard as well as generic requirements related to the current revenue recognition standards across various accounting principles.

In 2016, the International Accounting Standards Board (IASB) published IFRS 16 Leases which specifies the accounting rules for leases impacting mainly lessees. SAP solutions provide customers with important information about assets and liabilities arising from operating leases allowing customers to gain full visibility into their lease portfolio. Thus, SAP and Bramasol help our customers get a complete and understandable picture of an entity’s leasing activities.

In a recent conference and speeches, the SEC has indicated it will apply increased scrutiny to disclosures and internal controls (Internal Controls for Financial Reporting)  associated with ASC 606 for Revenue Recognition and ASC 842 for Leasing.  Join our experts from SAP and Bramasol  who will focus on disclosure reporting, building an automated solution, demonstrating critical controls auditors will focus on, and completing the migrations to the new regulation (ASC 606, IFRS 15).    

Learning Objectives for this session:

  • See how SAP supports customers by assisting with compliance initiatives relative to IFRS 15 / ASC 606 & IFRS 16 / ASC 842
  • Insights and Best Practices based on hands-on experience with real world projects
  • Understand Bramasol's Methodologies, Tools and Practical Experience that can get you started now

For anyone involved in Revenue Accounting, Lease Accounting, or Compliance and Reporting this is a must attend session to navigate the complexities and unique challenges of executing a successful project. 

 

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Topics: revenue recognition, leasing

SAP Lease Admin and Compliance with Lease Accounting Standards - Read the New eBook

Posted by Bramasol on Thu, Apr 13, 2017 @ 07:36 AM

In 2016, the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) issued new standards for lease accounting: IFRS 16 & ASC 842, which must be implemented by 2019. Both IFRS 16 and ASC 842 are the result of a joint effort between the IASB and FASB to meet the objective of improved transparency, comparability and financial reporting. 

These changes will impact virtually all companies, whether lessors or lessees. Regardless of your company's size or industry, under the new standards your balance sheet will be different.

In addition to presenting a new set of challenges that need to be addressed by the end of this year, the changes in lease accounting also offer an excellent opportunity for companies to make major improvements in their end-to-end lease management practices.

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

The opportunities for significant improvements span all lease categories, including:

  • Real Estate Leases
  • Equipment Operating Leases
  • Software Leases

As long-term innovation partners with SAP, Bramasol and Nakisa have brought together a comprehensive set of solutions and expertise to help companies assess and prepare for the new FASB and IASB leasing standards. These solutions unify disparate leasing data and provide enhanced visibility for companies to make informed decisions on their lease portfolios, assets and liabilities while conforming with the new requirements.

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To learn more about how to get ready, click below to download the latest ebook from Nakisa and Bramasol:

Bramasol-Nakisa-eBook_Page_01480x620.jpgSAP Lease Administration and Compliance with New Lease Accounting Standards: What You Need to Know Now.

 

 

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SAPInsider Financials: Key Sessions on Leasing and Revenue Recognition

Posted by Bramasol on Mon, Mar 13, 2017 @ 07:00 AM

Please join with Bramasol at SAPInsider Financials March 21-24, 2017 in Las Vegas, NV to learn about the latest solutions and methods for dealing with Leasing Administration and Revenue Recognition requirements.

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Bramasol and our partners will be presenting the following four sessions at SAPInsider.

SAP Leasing: What You Need to Know Now
1:30-2:30 PM on Wednesday, March 22

Bramasol and Nakisa will discuss Balance Sheet and P&L impacts from new leasing standards (ASC 842 and IFRS 16) along with a live demo of the latest Nakisa software ans SAP Real Estate Management solutions.

Leasing Deep Dive Session
4:30-5:30 PM on Wednesday, March 22

Trillions of dollars in capital and operating leases must be added to balance sheets as Right of Use (ROU) assets starting in 2019. Bramasol will offer a detailed exploration of the impacts to lessee companies in terms of process and system changes as well as important dual-accounting issues for international companies.

SAP Revenue Accounting and Reporting. How to Get RevRecReady. Bramasol and BorgWarner
10:15-11:15 AM on Thursday, March 23

Bramasol will detail how you can get ready to comply with the new standards.  We will show you the latest SAP RAR software in a live demo and provide a road map for a successful project. We will also be featuring a guest speaker from BorgWarner who will talk about their RevRec journey and how they are using Bramasol and Nakisa to help them be ready on time.

Get Ready Now for Project Systems Changes for Revenue Recognition coming in 2018
8:15-9:15 AM on Friday, March 24

Bramasol will discuss Project Systems analysis configuration changes that are required to integrate with the new SAP Revenue Accounting and Reporting solution. You will learn about choices in SAP RAR for project cost recognition, synchronization of SAP ECC user status, and project and profitability analysis revenue recognition reporting. Includes a take home guide for navigating through SAP ECC and SAP RAR configuration setup to enable project-centric recognized revenue.

 In addition to the above presentations, you can also come by the Bramasol booth #618 any time to see the latest solutions and get a personal consultation.

Click Here to Schedule an Appointment at SAPInsider

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Topics: revenue recognition, leasing

Webinar on RevRec Reporting Using SAP RAR Now Available

Posted by Bramasol on Mon, Dec 19, 2016 @ 04:00 PM

The latest in our highly regarded series of Revenue Recognition webinars is now available for viewing online.  This webinar titled "RevRec Reporting - Insights and Analysis Using SAP RAR" was held on December 7, 2016.

CFO's, Controllers and CXO's want to know the "So What" of the business and the same is true for Revenue Recognition. Providing analytics for revenue forecasting, creating accurate P&L's for 10K's and 10Q's and other reporting are essential.

This webinar provided several examples of reports available using SAP RAR, including both standard reports and extended reporting examples that we have created based on our experience with clients. The presentation was followed by a live Q&A.

Click here to view this webinar and others within the Bramasol RevRec Webinar series.

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Click Here to Learn More About Bramasol

 

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Topics: SAP RAR

Read the October 2016 Ignite Possible Newsletter from Bramasol

Posted by Bramasol on Tue, Oct 11, 2016 @ 06:41 AM

Read the latest issue of Bramasol's Ignite Possible newsletter including topics such as:

Click Here to Read the October Issue IgnitePossibleOct2016.jpg

Click Here to Read the Archives of all Ignite Possible newsletters

 

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Topics: newsletters

Read the September 2016 Ignite Possible Newsletter from Bramasol

Posted by Bramasol on Wed, Sep 14, 2016 @ 05:54 AM

Read the latest issue of Bramasol's Ignite Possible newsletter including topics such as:

  • "It's time to get ready for Big Changes in Lease Accounting Standards"
  • Next RevRec Webinar on Transition Issues is September 29, 2016
  • New RevRec eBook: "What are Performance Obligations and How Do You Identify Them?"
  • SAP RAR User Group: Hands-On Session for A&D industries in Palo Alto, CA on September 27-28

Click Here to Read the September Issue IgnitePossibleThumbnail.png

Click Here to Read the Archives of all Ignite Possible newsletters

 

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Topics: newsletters

SAPPHIRE NOW and ASUG Annual Conference is Coming!

Posted by Bramasol on Mon, Mar 28, 2016 @ 10:50 AM

SAPPHIRE NOW and ASUG Annual Conference Coming Soon!

May 17-19.  Hope to see you in Orlando!

Click on the image for registration information:

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Watch this blog feed for more updates as this great event gets closer.

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Topics: SAPPHIRE