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See Bramasol Talk RevRec at SAP-Centric Financials Feb 21

Posted by Bramasol RevRec Team on Wed, Nov 2, 2016 @ 06:24 AM

Join Bramasol at SAP-Centric Financials - Feb 21-22, 2017 in Dallas, TX.

Bramasol's Lasry McKinney and SAP's Pete Graham will be presenting on Feb 21 at 12:05 PM.

"In-Depth Guide to Getting #RevRecReady"

 

Two of the most important issues facing CFOs today are the new Revenue Recognition and Leasing regulations.   For many companies, there is less than a year to be ready to comply.  Bramasol and SAP have the tools and methodologies to help companies comply with the new ASC606 and IFRS15 regulations for revenue recognition.   Using the experience, expertise and methodologies proven on dozens of projects we will show you how to solve complex RevRec issues such as variable consideration, dual reporting and complex project systems.   We will provide a view in the latest SAR RAR system and a live demo of these key areas.   Leave this presentation feeling #RevRecReady

Click Here to Register for SAP-Centric Financials

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Larry McKinney
Larry McKinney
Vice President of Strategy, Bramasol, Inc
 
Pete Graham
Pete Graham
Director of Financial Solutions, SAP
 
Join Bramasol & SAP in the  Revenue Accounting and Reporting  User Group: Register Here
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Topics: SAP RAR, revrec

Webinar Video: Variable Consideration Approaches using SAP RAR

Posted by Bramasol RevRec Team on Thu, Oct 27, 2016 @ 02:48 PM

The video of Bramasol's newest RevRec webinar, "Variable Consideration Approaches using SAP RAR" is now available for viewing online.  

Recorded on October 27, 2016, this webinar addresses the various challenges presented by the new ASC606 and IFRS15 regulations regarding Variable Consideration and shows how SAP RAR and Bramasol can help solve them. The presentation was followed by a live Q&A.

If you deal with rebates, performance bonus or penalties, coupons, or contingencies, you should view this webinar.

With only 14 months to the January 2018 deadline, these drill-down issues have become critical for companies in order to get #RevRecReady .

Click here to view this latest webinar as well as all webinars in our highly regarded RevRec Webinar Series.

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Topics: revenue recognition, SAP RAR, revrec

Next RevRec Webinar Oct 27: Variable Consideration

Posted by Bramasol RevRec Team on Wed, Oct 19, 2016 @ 03:59 PM

On October 27, 2016 at 1 PM EDT / 10 AM PDT we invite you to see the next installment in our highly successful Revenue Recognition Webinar Series. This new webinar will focus on:
"Variable Consideration and SAP RAR - How to Solve VC Challenges in SAP RAR"

Reserve your seat now by registering here. 

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If you deal with rebates, performance bonus or penalties, coupons, or contingencies, you need to attend this webinar. The rules for how you deal with these issues for revenue accounting have changed, but the good news is that SAP and Bramasol have developed solutions to help.

In this webinar we will talk about the various challenges presented by the new ASC606 and IFRS15 regulations regarding Variable Consideration and show you how SAP RAR and Bramasol can help solve them. The presentation will be followed by a live Q&A.

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

 

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Topics: revenue recognition, SAP RAR

Rev Rec Hot-Tip: It's now too late to start a custom Rev Rec Solution.

Posted by Bramasol RevRec Team on Tue, Oct 18, 2016 @ 08:07 AM

RevRecReady-HotTip-12.jpgWith the new Revenue Recognition standards (ASC 606 and IFRS 15) mandated for implementation by January 1, 2018, companies that haven't already started projects are falling dangerously behind. In fact, it's now too late to start a custom revenue recognition solution from scratch.

In a recent article in Compliance Week, Thack Brown, general manager and global head of line of business finance at SAP, put it this way. "CFOs are facing a perfect storm of accounting regulation, with three major IFRS standards converging in rapid succession, Time to implement these new processes is running out.”

“It takes approximately 18 months for the average Fortune 1000 company to make a change of this magnitude, and we just passed that point in the countdown to the mandatory effective date of the new standards, Corporate finance departments should act now to ensure that they are prepared for the transition and have the right tools to automate and simplify the process.”

That's why so many companies are turning to SAP Revenue Accounting and Reporting (RAR) to streamline their implementation and transition to the new standards.

New features in the SAP Revenue Accounting and Reporting 1.2 release include cost recognition, capitalized costs integration with project systems and results analysis from SAP, improved contract combination and modification capabilities, and integration with service and billing scenarios in the SAP Customer Relationship Management application, plus advanced features for transition to the new IFRS 15/ASC 606 accounting standards.

Request RevRec Consulting Support

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Topics: revenue recognition, revrec hot-tips

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

Webinar Video: RevRec is Coming! How will you Transition? Part 2

Posted by Bramasol RevRec Team on Thu, Oct 6, 2016 @ 06:25 AM

The video of Bramasol's newest RevRec webinar, "Revenue Recognition is Coming. How Will You Transition? Part 2" is now available for viewing online.  Recorded on September 29, 2016, this Part 2 session on Transition provides a deep dive into the key issues associated with transitioning to the new ASC 606 and IFRS 15 standards.

Experts from both Bramasol and SAP Labs discuss methods for dealing with RevRec transition including:

  • Parallel Reporting - Ledger, Account, Doc Type
  • Open or "In Flight" contracts (which ones and what decisions?)
  • Post Launch (Don't take your eye off the ball)
  • Reporting and Disclosures (Get in front of it)
  • Variable Consideration - ways to approach and business issues

With less than 15 months to the January 2018 deadline, these drill-down issues have become critical for companies in order to get #RevRecReady .

Click here to view this latest webinar as well as all webinars in our highly regarded RevRec Webinar Series.

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Topics: revenue recognition, revrec

Join us for the next SAP RAR User Group meeting on Oct 11 at FinEx Forum

Posted by Bramasol RevRec Team on Tue, Oct 4, 2016 @ 09:34 AM

The next SAP Revenue Accounting and Reporting (RAR) User Group will be held on October 11, 2016 in person at the SAP Newtown Square, PA office. Join us for the latest updates from Pete Graham and the SAP Development team on SAP RAR 1.2 and the RAR roadmap.

Since this SAP RAR User Group meeting occurs during the SAP Financial Excellence Forum event, it represents a great opportunity to attend the SAP RAR User Group in person. (Both of these events are free of charge.) Of course, you can also attend remotely if you can't make it for the SAP Financial Excellence Forum.

Please Click Here to Register for the Eighth SAP RAR User Group meeting.

To attend in person, you can also Click Here to Register for the SAP Financial Excellence Forum.

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Not yet a member of SAP RAR User Group?  Click below to join.

Join Bramasol & SAP in the  Revenue Accounting and Reporting  User Group: Register Here

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Topics: revenue recognition, SAP RAR

Rev Rec Hot-Tip: If you run SAP, you already own SAP RAR

Posted by Bramasol RevRec Team on Thu, Sep 22, 2016 @ 05:48 PM

RevRecReady-HotTip-11.jpgAs you know there are contract revenue reporting changes coming up January 1, 2018.  These are under ASC 606 and IFRS 15.

If you have SAP, you already own a solution as part of SAP FICO called Revenue Accounting and Reporting (RAR).

Depending on the complexity, the implementation is 6-12 months. 

To perform parallel reporting before January 2018, a solution needs to be in place by mid 2017.   

Click below if you'd like to learn how SAP RAR can help you get #RevRecReady

Request RevRec Consulting Support

 

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Topics: revenue recognition, revrec hot-tips

New RevRec Webinar on Sept 29: Transition Issues, Part 2

Posted by Bramasol RevRec Team on Mon, Sep 19, 2016 @ 11:18 AM

On September 29, 2016 at 1 PM EDT / 10 AM PDT we invite you to see the next installment in our highly successful Revenue Recognition Webinar Series. This new webinar will focus on:
"Revenue Recognition is Coming. How Will You Transition?" (Part 2)

Reserve your seat now by registering here. 

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In this webinar we will address the challenges of transitioning to the new ASC 606 and IFRS 15 standards. This webinar will focus on accounting related decisions regarding transition from the old RevRec to new RevRec standards.

Join us to hear experts from SAP Labs, RevRec.net and Bramasol discuss key issues, solutions and best practices to consider in your transition planning and implementation process.  The presentation will be followed by a live Q&A.

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

 
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Topics: revenue recognition

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