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New Webinar Series: Demystifying the SAP Cloud Platform

Posted by Bramasol Financial Transformation Team on Tue, May 8, 2018 @ 06:39 AM

FinancialTransformation-HotTip

A recent blog post by Bramasol CEO Dave Fellers posed this important question: "How does a company go about getting targeted cost-effective compliance in the near-term along with a transformative path forward to overall Finance Innovation?"

He also explained that "for companies that are already invested in SAP technologies, the answer is S/4HANA and S/4HANA Cloud."

Looking at the SAP roadmap, it is clear that S/4 HANA is the future for all SAP-based companies and that virtually everyone will undertake migration projects to implement S/4 HANA over the next two to three years.

Given the reality of S/4 HANA as the core SAP technology platform, with the excellent and cost-effective S/4 HANA Cloud functionality available right now, Bramasol believes in charting a path that takes maximum advantage of today’s compliance-driven requirements to usher in tomorrow’s financial transformation.

The SAP Cloud Platform is SAP’s platform-as-a-Service allowing companies to extend and personalize on premise or cloud apps, build new and differentiating apps or integrate and connect cloud and on-premise apps to make digital access simple and streamlined.

Join SAP for this new six part webinar series to hear from SAP experts and third party analysts on key topics to help demystify and clarify many aspects of the SAP Cloud Platform that in turn will lead you to make more informed and accurate decisions as you continue your journey to the cloud. 

The webinar topics are as follows:

Discover How to Solve Business Problems Faster with SAP Cloud Platform 
Date: Wednesday, May 9, 2018
Time: 8:00 a.m. PDT / 11:00 a.m. EDT

Discover why SAP Cloud Platform stands out from the pack
Date: Thursday, May 24, 2018
Time: 8:00 a.m. PDT / 11:00 a.m. EDT

How SAP Jam can help modernize your intranet quickly and accelerate time to value
Date: Thursday, June 14, 2018
Time: 8:00 a.m. PDT / 11:00 a.m. EDT

Key considerations in choosing data persistence options in SAP Cloud Platform
Date: Thursday, June 28, 2018
Time: 8:00 a.m. PDT / 11:00 a.m. EDT

The Apple/SAP Partnership: Delivering Next Gen Intelligent Apps for the Enterprise
Date: Thursday, July 12, 2018
Time: 8:00 a.m. PDT / 11:00 a.m. EDT

Myth busting: Separate fact from fiction when considering your SAP cloud journey
Date: Thursday, July 26, 2018
Time: 8:00 a.m. PDT / 11:00 a.m. EDT

We urge you and your staff to attend one or more of these webinars to build a better awareness of the opportunities available with S/4HANA Cloud Platform. Click here to register for SAP Cloud webinars.SAP Cloud Platform webinar series

In the meantime, if you want some personalized help to understand specifically how these technologies can be applied to your business, click here to request a consultation and S/4 HANA demo from Bramasol experts.

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Topics: FinancialTransformation-Hot-Tips, finance innovation

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.

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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

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.  

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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

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

Read the CFO's Guide to Financial Transformation

Posted by Bramasol Financial Transformation Team on Mon, Jan 15, 2018 @ 12:23 PM

FinancialTransformation-HotTip.jpgCorporate finance professionals face many challenges. They need to reduce the amount of time spent on inefficient month-end/year-end closing processes, improve their ability to extract timely and accurate financial information and streamline overall operational end-to-end business processes.

On the regulatory front, CFOs also must deal with, Revenue Recognition Changes (ASC 606 and IFRS 15), Lease Accounting Changes (ASC 842 & IFRS 16), Financial Instruments Impairments & Disclosures (IFRS 9) as well as on-going changes in the global regulatory environment.

The accelerating set of new challenges and changing compliance requirements threatens to overwhelm the inherent limitations of existing legacy finance and ERP systems. As companies undertake Financial Transformation to improve their ability to be nimble, react quickly and take advantage of market trends, several key things are emerging:

  • Drive to continuous close
  • Consolidation of data sources for reporting
  • Improved visibility for compliance with new standards for Revenue Recognition, Leasing and Financial Impairments
  • Real-time cash management

Some of the key Financial Transformation opportunity areas include: 

  • New-generation architectures, such as SAP S/4HANA, that combine core ERP & Finance systems with plug-in modular best-of-breed capabilities for revenue recognition, leasing, ecommerce, HR, travel, supply chain management, and more.
  • A “single-source-of-truth” approach that avoids discussions of who’s data is right, thereby enabling much faster and better tactical decision-making.
  • Cloud-based implementation options that can greatly reduce time-to-operation and which integrate seamlessly with in-house implementations to enable cost optimization along with flexibility and scalability to support growth.
  • Advanced real time analytics and user interface (UX) technologies that can access information throughout the unified systems and provide easily tailored comprehensive reporting for ongoing management or ad hoc decisions.

Corporate finance professionals depend on the technologies and tools that provide critical information they need to drive timely decisions and to anticipate emerging issues that could impact the business.

By leveraging the in-memory data and processing capabilities of the SAP S/4HANA architecture and S/4HANA Cloud deployment scenarios, CFOs can seamlessly unify their information landscape to remove the gaps and ease the pain-points arising from the artificial segmentation of information.

Instead of always grappling with reassembling disparate pieces of the picture this "single-source-of-truth" approach enables CFOs and staff throughout the company to see a holistic real-time view that encompasses all operational data sets and analysis capabilities within a single unified architecture. In addition to improving both the access to and the ability to manipulate information, S/4HANA also dramatically improves real-time analytics performance because nothing must be moved, massaged or reconciled before the analysis.

To learn more, read the CFO's Guide to Financial Transformation

 The CFO’s Guide to Financial Transformation_16Jan2018.jpg

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Topics: FinancialTransformation-Hot-Tips

Accelerate Expense Management with Financial Transformation in the S/4HANA Digital Core

Posted by Bramasol Financial Transformation Team on Tue, Dec 19, 2017 @ 06:01 AM

FinancialTransformation-HotTip.jpgThe SAP Digital Core is built around the S/4HANA architecture, which combines in-memory data and processing capabilities for maximum performance and scalability, along with a consistent interface for integrating virtually any other applications. Using S/4HANA Cloud, CFOs can seamlessly unify their information landscape to remove gaps and ease the pain-points arising from the inefficient segmentation of information.

This new eBook provides an overview along with a step-by-step use-case example showing the seamless interaction of SAP S/4HANA Cloud ERP with SuccessFactors and Concur. This example follows the process of setting up a newly hired employee in SuccessFactors and then shows how that employee uses Concur to record their travel expenses to attend an orientation session.

The process illustrates how the S/4HANA Cloud platform provides a centralized single-source-of-truth to synchronize activities in these native best-of-breed applications.

ExpenseManagementSteps.jpg

Important benefits of this Digital Core integration include:

  • Synchronization of related processes using a common data set
  • Acceleration of processing steps by eliminating re-entry of data
  • Reduction of the risks of errors and inconsistencies between applications
  • Improvement of visibility and auditability for enhanced control

In summary, the seamless interaction between SuccessFactors, Concur and S/4HANA Cloud in the Digital Core provides an integrated process for carrying out these related activities within a single unified data environment and without having to unnecessarily re-enter data or reconcile separate applications.

Click Here to Download the eBook Expense Management with S/4HANA Cloud, Concur and SuccessFactors.

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Topics: FinancialTransformation-Hot-Tips

Compliance Reporting and Financial Transformation Go Hand-in-Hand

Posted by Bramasol Financial Transformation Team on Tue, Dec 12, 2017 @ 06:35 AM

FinancialTransformation-HotTip.jpgOften times the day-to-day world of CFOs and their staff can feel like living in a blizzard of multi-tasking in which they are buffeted by winds blowing in many different directions. 

They are faced with a constant juggling act between the demands of regulatory changes, compliance reporting, audit requirements and the all-important role of providing strategic financial management of the company.

In working closely with many companies on implementing regulations such as ASC 606, IFRS 15, ASC 842, IFRS 16 and others, at Bramasol we have consistently worked to help CFOs deal with the specific compliance reporting mandates within a broader context of Financial Transformation.

For example, for RevRec, we have pioneered new integrated methods enabling companies to use SAP RAR in conjunction with SAP ERP/ECC, SAP S/4HANA Cloud, SAP Cloud Analytics and third-party legacy software to aggregate, prepare and analyze the relevant revenue detail for disclosure reporting purposes. We have also created a series of specific pre-built reports for statutory compliance that enable CFOs to make the required disclosures as an integrated part of running the enterprise.

Bramasol’s end-to-end integrated solutions for revenue recognition compliance fit seamlessly within any existing operational and financial systems while providing the detailed information, audit trail, aggregation methodologies and advanced analytics to support statutory disclosure reporting. 

Read the eBook on RevRec Disclosure Reporting

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Topics: FinancialTransformation-Hot-Tips

Five Tips from CEOs & How Financial Transformation Can Help Achieve Them

Posted by Bramasol Financial Transformation Team on Tue, Nov 21, 2017 @ 06:17 AM

FinancialTransformation-HotTip.jpgAs we look toward the start of 2018 and face a new year full of challenges, it's a good time to reflect on how we to keep improving our companies and our personal lives.

This blog post from Korn Ferry outlines 5 Tips from CEOs at the WSJ CEO Conference:

  • Agility – you must remain agile and be able to move quickly and execute that change decisively
  • Culture – comes from the top
  • Keep Learning – If you aren’t learning you are stagnating
  • Stay Focused on Goals – focus is the only way to know where to put your energy to maximize chances of success and impact
  • Maintain Work-Life Balance

CEO-Five-Tips.jpg

So what does this mean for us in the world of SAP and “finance transformation?”  Simply, this:  Leveraging dashboards and analytics supports all of these.

Agility – In an ever changing world the pace of change accelerates and real time is no longer fast enough.  You need insights that lead to action.

Culture – By focusing on analytics and objective measures you promote decision making that is objective and insightful.  And with a single source of truth, such as in SAP Analytics Cloud, you can promote a learning organization and dialog that solves problems not debates the source of data.   You can even leverage predictive analytics to help drive further insights and discuss plans.

Learning – While learning comes in many forms, the use of statistics and analytics to promote a learning organization is essential.  The success of learning comes not simply from telling people they should take courses, read books and watch videos, it comes from creating a culture of learning.  Learning from our mistakes, learning from our successes and learning by asking questions and having the data and tools you need to support and encourage the learning.

Focus/Focus on Goals – the use of analytics and tools requires you have a set of specific goals against which you are tracking your goals.  Whether the goals are corporate, such as Price Earnings Ratio, Profitable Revenue Growth, Market Share or Cash Generation or department focused such as Cost Per Lead, time it takes to produce book close or similar, goals are essential to maintain focus.  Metrics, tools and analytics are essential to measuring progress against the goals and maintaining that focus.

Work-Life Balance – by having clear statistics and easy to use tools we can free people up to do the real work in less time.

Visit here to learn more about Financial Transformation

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Topics: FinancialTransformation-Hot-Tips

Leveraging the Transformative Advantages of Continuous Close Processes

Posted by Bramasol Financial Transformation Team on Mon, Nov 6, 2017 @ 06:33 AM

FinancialTransformation-HotTip.jpgCorporate finance professionals face many challenges. They need to reduce the amount of time spent on inefficient month-end/year-end closing processes, improve their ability to extract timely and accurate financial information and streamline overall operational end-to-end business processes. On the regulatory front, CFOs also must deal with, Revenue Recognition Changes (ASC 606 and IFRS 15), Lease Accounting Changes (ASC 842 & IFRS 16), Financial Instruments Impairments & Disclosures (IFRS 9) as well as on-going changes in the global regulatory environment.

The accelerating set of new challenges and changing compliance requirements threatens to overwhelm the inherent limitations of existing legacy finance and ERP systems.

Most conventional finance management technologies have been in existence for decades and, while they offer a familiar environment, they have significant limitations when it comes to keeping pace with today’s complex and dynamically changing corporate challenges.

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

  • Too much time and energy spent on inefficient month end close processes
  • Difficulty acquiring and accessing accurate data for financial reporting
  • Time wasted reconciling reports based on conflicting data sets

As Elizabeth Milne, Solution Marketing at SAP, put it in a recent blog post on Continuous Accounting:

"Transforming the financial close is not a one-time project; it’s a continuous incremental journey, and the dividends to making even the first few steps to improvement can be substantial. This approach not only cuts the cycle time of the close and reduces risk and audit fees, but also lowers the internal financial and accounting resources dedicated to close tasks. This is an era where CEOs and the broader executive team are looking for finance to move beyond crunching the numbers to interpreting them and acting as a business partner and advisor. Freeing up finance from manual effort and duplicative work and reallocating them is essential to making that shift."

As companies undertake Financial Transformation to become more nimble, react quickly and take advantage of market trends, one key area they're focusing upon is the creation of a Single-Source-of-Truth that eliminates the time-consuming hassles of reconciling various disparate data sets.

Bramasol is a co-innovation leader in the implementation of the SAP S/4HANA Cloud, which provides a high-performance, in-memory, and extensible Digital Core for unifying transactional data and analytics within a single-source-of-truth environment along with a wide range of best-of-breed functionality.

 

Bramasol Cloud Based Digital Core Approach Key Benefits (2).jpg

SAP S/4HANA Cloud is a real-time ERP suite for digital business that provides a high-performance and highly flexible platform for addressing the full range of business requirements. It is built on the advanced in-memory platform, SAP HANA, and offers a personalized, consumer-grade user experience with SAP Fiori, as well as tight integration with analytics, communications and collaboration functions.

Key benefits of leveraging this cloud-based Digital Core approach include:

  • Drive to continuous close
  • Consolidation of data source for reporting
  • Improved visibility for compliance with new standards for Revenue Recognition, Leasing and Financial Impairments
  • Real-time cash management

Join the growing number of companies that have already discovered how the transformative capabilities of S/4HANA Cloud can give you real competitive advantages.

Click Here to learn more about Bramasol's Financial Transformation solutions.

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Topics: FinancialTransformation-Hot-Tips

Hot-Tip: Cloud Analytics and S/4HANA are Driving Financial Transformation

Posted by Bramasol Financial Transformation Team on Fri, Oct 13, 2017 @ 07:16 AM

FinancialTransformation-HotTip.jpgFinancial Transformation is happening now, driven by new cloud-based technologies that bring together analytics, transactional data and best-of-breed applications within a unified Digital Core.

Most conventional finance management technologies have been in existence for decades and, while they may offer a familiar environment, the lack of unified solutions create significant limitations when it comes to keeping pace with today’s complex and dynamically changing corporate challenges.

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 72 percent of time is spent on such problems.

Companies that have proactively begun Financial Transformation programs are already experiencing important benefits including:

  • Ability to adopt Best Practices 
  • Real-time and predictive analytics
  • Faster closing processes
  • Improved support for compliance requirements
  • Enhanced productivity through “native” workflow integration

The newest eBook from Bramasol shows how the SAP Digital Core overcomes the challenges of outdated legacy systems by combining transactional data, cloud-based analytics capabilities and integrated best-of-breed applications within a seamless ecosystem that optimizes productivity, ease-of-use and extensibility.

This eBook also includes a step-by-step use-case example showing the seamless interaction of SAP Cloud Analytics and SAP S/4HANA Cloud ERP operational functionality. This example simulates an Oil & Gas industry situation with a revenue discrepancy and illustrates the flow between analytics and operational processes.

Click Here to Download eBook: "Leveraging Cloud-based Analytics, User-Definable Dashboards and S/4HANA Cloud for Financial Transformation".

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Topics: analytics, financial transformation, FinancialTransformation-Hot-Tips

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