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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?"
High-Tech companies face a number of key challenges that can be addressed by Financial Transformation Initiatives.
As 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.
Corporate 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.
The 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.
Often 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.
As 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.
Corporate 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.
Financial 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.
