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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

Join Bramasol at SAP-Centric Financials Feb 21, 2017

Posted by Bramasol RevRec Team on Tue, Jan 3, 2017 @ 10:45 AM

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

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SAP Technologies are evolving at a rapid pace. These Technologies will allow your business to be customer centric and agile in your approach to process. The SAP-Centric Financials Conference has been designed by customers who want to hear case studies from Organizations who have implemented S/4HANA Finance, are driving Financial reporting and planning processes accurately and those who are using current systems to their full capability.

Join us on February 21 -22 in Dallas TX to hear 19 Customer presentations covering your most pertinent challenges. You will leave the conference understanding SAP’s Roadmap for Finance, How to perform Financial Planning and Analysis that enables your business to allocate resources smartly, and how to maximize the usage of your current ERP system. For more information on this conference please visit www.sapcentricfinancials.com

Bramasol's Larry 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 FinancialsFINANCIALS-logo-black-green-stack1.png

 


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 on RevRec Reporting Using SAP RAR Now Available

Posted by Bramasol on Mon, Dec 19, 2016 @ 04:00 PM

The latest in our highly regarded series of Revenue Recognition webinars is now available for viewing online.  This webinar titled "RevRec Reporting - Insights and Analysis Using SAP RAR" was held on December 7, 2016.

CFO's, Controllers and CXO's want to know the "So What" of the business and the same is true for Revenue Recognition. Providing analytics for revenue forecasting, creating accurate P&L's for 10K's and 10Q's and other reporting are essential.

This webinar provided several examples of reports available using SAP RAR, including both standard reports and extended reporting examples that we have created based on our experience with clients. The presentation was followed by a live Q&A.

Click here to view this webinar and others within the Bramasol RevRec Webinar series.

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Click Here to Learn More About Bramasol

 

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Topics: SAP RAR

Webinar on RevRec Reporting Using SAP RAR

Posted by Bramasol on Mon, Dec 5, 2016 @ 08:23 AM

Next Revenue Recognition Webinar is on December 7, 2016 at 10 AM PST - 1 PM EST
(Note: This webinar was originally scheduled for Nov 30.)

"RevRec Reporting - Insights and Analysis Using SAP RAR"

CFO's, Controllers and CXO's want to know the "So What" of the business and the same is true for Revenue Recognition. Providing analytics for revenue forecasting, creating accurate P&L's for 10K's and 10Q's and other reporting are essential.

In this webinar we will show you examples of reports available using SAP RAR, including both standard reports and extended reporting examples that we have created based on our experience with clients.The presentation will be followed by a live Q&A.

Reserve your seat now by registering here. 

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Click here to watch videos from previous webinars in this series.

Click Here to Learn More About Bramasol

 

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Topics: SAP RAR

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

FINANCIALS-logo-black-green-stack1.png


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

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

Everything You Need to Know About SAP RAR 1.2

Posted by Bramasol RevRec Team on Thu, Aug 11, 2016 @ 07:25 AM

The mandated Revenue Recognition changes are coming and the time to get ready is now.

As the leader in revenue accounting, SAP conducted a multi-year development effort that has been tightly aligned with the FASB and IASB resulting in SAP Revenue Accounting and Reporting (RAR). It has been designed from the ground up to provide clients with a solution that is ASC 606 and IFRS 15 compliant and provides the single most flexible and feature rich solution in the market today. 

The most recent release, SAP RAR 1.2 is designed to specifically address requirements derived from the new accounting standards particularly in the areas of costs, contract management, and data transition across various accounting principles.

If you want to know more about SAP RAR 1.2, here are two excellent new blog posts from Pete Graham, Director Finance Solutions and Mobility at SAP.

"Summary of the features and functionality of SAP Revenue Accounting and Reporting (RAR)"

"Everything you need to know about SAP RAR 1.2"

 

Also, here's a quick tutorial video from Bramasol on "How to Download SAP RAR 1.2"

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

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Topics: revenue recognition, SAP RAR

RevRec Hot-Tip: Account Determination is Key in SAP RAR

Posted by Bramasol RevRec Team on Wed, Aug 10, 2016 @ 08:00 AM

RevRecReady-HotTip.jpgAccount Determination is a critical step in transitioning to the new ASC606 and IFRS15 revenue recognition rules using SAP Revenue Accounting and Reporting (RAR).

In SAP RAR 1.2, certain account determination rules derive the target account for the target accounting principle from a reference account that exists under a specific accounting principle, known as the "base accounting principle".

The reference accounts passed from the logistics system are only for the base accounting principle. Therefore, you can use a different set of rules to determine the reference accounts for accounting principles other than the base accounting principle. These reference accounts are used to make postings for recognizing revenue. They are also used as an input to the other account determination rules (allocation difference, allocation difference for linked performance obligations, and right-of-return adjustment).

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For each revenue-related posting, the system provides a reference account as the starting point of the account determination process. The reference account is provided as the input of your determination rules. This account usually comes from outside Revenue Accounting and varies depending on the type of account that needs to be determined. For example, when determining the account of the Receivable Adjustment account, the system uses the Accounts Receivable account (defined in the master data of the customer record) as the reference account, so your determination rules can use that account to derive the account that will eventually be used.  Your rules can disregard the reference account and use other fields as the criteria.

To learn more about the details of Account Determination and the implementation of SAP RAR 1.2 you can request a free consultation.

Request RevRec Consulting Support

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Topics: revenue recognition, revrec hot-tips, SAP RAR