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Next RevRec Webinar April 27: Disclosure Reporting

Posted by Bramasol on Fri, Apr 14, 2017 @ 06:45 AM

The next session in our highly rated Revenue Recognition Webinar Series will offer an in-depth exploration of disclosure reporting requirements.

"The Big Reveal: RevRec Disclosure Reporting in SAP RAR" is scheduled for 10 AM PDT / 1 PM EDT on Thursday, April 27, 2017.

Disclosure reporting is how you will "reveal" to the SEC and the world the decisions you made and implications for how you applied the new ASC606 and IFRS 15 standards.

In this webinar we will explore the types of disclosure reporting required under the new ASC 606 and IFRS 15 standards for Revenue Accounting, including such things as backlog, deferred positions/revenue and asset and liability impacts. We will hear from an accounting expert and see examples of the types of reports used that can leverage RAR

Click Here to Register for "The Big Reveal: RevRec Disclosure Reporting in SAP RAR".

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Click here to see videos of previous webinars in this series.

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Topics: revenue recognition

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

RevRec Webinar Video: SAP RAR 1.3 A Deeper Dive into New Functionality

Posted by Bramasol RevRec Team on Fri, Feb 24, 2017 @ 05:33 AM

We invite you to view the latest installment in Bramasol's highly successful Revenue Recognition Webinar Series.

Recorded on February 23, 2017 this new webinar focuses on:
"SAP RAR 1.3 - A Deeper Dive into New Functionality"

SAP RAR 1.3 is packed with so much new functionality that it took two webinars to go through it all.  This webinar followed up on the first overview of SAP 1.3 held in January 2017 and provided a deeper look at key issues such as:

  • Currency Re-evaluations Based on Payment Terms
  • Sales contracts with Sales Order Call Off
  • A Further Look at Consistency Checking

In this video we show the latest features in SAP RAR 1.3 and discuss how they apply to helping your company get #RevRevReady before the January 2018 deadline. The presentation includes a live Q&A.

Click Here to View the Video of this New Webinar and all Previous RevRec Webinars in the Series

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Topics: revenue recognition, SAP RAR

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

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