">
BlogBanner.jpg

Watch how Bramasol played a vital role in hard transition from ASC605 to IFRS 15  for a Pioneer in electronic and design automation company

Posted by Bramasol RevRec Team on Thu, Aug 16, 2018 @ 06:01 AM

A pioneer in electronic design and automation and with a presence in more than seven countries, our featured customer offers bundles of hardware, software, support & training to industrial customers. The Company was running ECC 6.0 with SD Revenue Recognition and was in the process of implementing SAP RAR 1.3 to support a mandated transition to IFRS 15. The project delivers a "hard" transition from ASC605 to IFRS 15, running RAR 1.3 SP02 for ten company codes around the world. The deployment includes a migration of 26000 in-flight contracts.

 

 

As the clear leaders in design and implementation of Revenue Recognition solutions, Bramasol was the natural choice. Bramasol took this task on "In flight" from another system integrator and provided, A group of assets- a dedicated team including A RAR Project Manager, A Solution Architect, RAR Consultants and Developers to have smooth transition and best solution. One of the challenges was to secure the organization's investment in the prior development work. As there is no ‘one size fits all’ approach to this complex scenario, Bramasol could limit the disruption of the integrator change caused to the customer.

Customer Story World pioneer in Electronic Design and AutomationPlease speak to us if you’re facing any transitional issues or implementation challenges, simply Request a demo. If you have a challenging or complex RevRec undertaking or just need the pioneer in SAP Revenue Accounting, do what the Fortune 500 do… Contact Bramasol

 

Read More

Topics: revenue recognition, SAP Revenue Accounting and Reporting, Customer Story, ASC606, IFRS15

Explore how a fast-growing Pharma company turned to Bramasol to bring in systems to support their larger operations

Posted by Bramasol Financial Transformation Team on Thu, Apr 26, 2018 @ 08:10 AM

Our customer is an American manufacturer and multi-level marketing global giant which specializes in skincare products. They have built a premium skincare brand on a legacy of innovative dermatology-inspired skincare products which in turn are backed by clinical results.

The main problem the customer faced was that their hyper-growth was getting increasingly constrained by legacy systems which were transaction-based instead of process-based. Their 100% YoY growth was held back by the lack of business processes and automation, capable of handling near & long term growth plans. The best suited solution recommended by Bramasol was SAP Cloud ERP which was utilized to proactively automate their business value chain to support significant growth plans, and also integrated order entry, 3PL, and credit card processes.

 Project Drivers:

  • Replace legacy system - Replace the current system(s) with a new ERP solution to integrate all critical processes
  • Prepare for growth - The current system(s) were not able to handle the anticipated growth.
  • Better Control on Billing Cycle - Establish all steps of the billing cycle in one system with improved control and compliance checks
  • Transparency of Information - Improve management decisions through better reporting
  • Integrated Solution - Establish all critical business processes in one fully integrated system
  • Better manage operational cost - Retire all legacy systems, hardware and maintenance with a SaaS solution
  • Process efficiency - Utilize the best practices embedded in the SAP Business ByDesign solution

Pharma Company CS Cover photo_YouTube r1

 How Bramasol Assisted:

  • Implemented SAP Cloud ERP to automate & support their key value chain operational processes.
  • Full Data Migration
  • Full automation of online order entry (Sales Order to Delivery to Customer Invoice), 3PL, and credit card processes

If you want to leverage significant new technology trends to get ahead of the curve on new requirements while fundamentally transforming and unifying financial systems; Do what many high growth companies have done contact Bramasol.

 

check our other customer stories here

Read More

Topics: Success Story, Customer Story, finance innovation, pharma

Watch how Bramasol helped a Leading Networking Company Automate and Simplify their RevRec Processes and Reporting

Posted by Bramasol RevRec Team on Thu, Mar 22, 2018 @ 07:46 AM

This Global Fortune 500 company  is a leader in the manufacture, installation and service of computer, networking and computing systems providing solutions for companies of all sizes around the world. Their highly complex landscape and current global migration project required both a focus on achieving near term compliance while positioning a smooth migration to SAP S/4 HANA. They needed someone with deep, proven expertise and experience in implementing SAP RAR.

As the clear leaders in design and implementation of Revenue Recognition solutions, Bramasol was the natural choice.

 

 

Bramasol works closely as an integral part of team and is leading key workstreams and initiatives around:

  • Delivering a flexible, scalable, and ASC 606 compliant Revenue Accounting Solution
  • Leading and driving key workstreams and initiatives supporting and designing key, complex multi-element scenarios
  • Delivering comprehensive Disclosure reports based on the foundation of our pre-built tools and reports
  • Providing both technical and end-user training to improve solution acceptance

Our work was well appreciated by the customer – Bramasol's 'secret sauce' shows they are the RevRec Experts

CS_Networking Company says Bramasol’s ‘secret sauce’ shows they are the RevRec Experts_Watch Video.jpg

Watch Customer Story Video

If you have a challenging or complex RevRec project or just need the pioneer in SAP Revenue Accounting, do what the Fortune 500 do… Contact Bramasol

Request a Demo Now

Read More

Topics: revenue recognition, SAP Revenue Accounting and Reporting, Success Story, Customer Story, Networking, ASC606

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

Read More

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

Subscribe via E-mail

New eBook: S/4HANA is the Future: Understanding Why and How to Get There Download Now
Download the eBook: Transitioning to ASC 842 using the Portfolio Approach to Group Leases

Latest Posts

Follow Me