A Quick Overview of SAP Revenue Accounting and Reporting (RAR)

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.

SAP RAR simplifies and automates even complex revenue accounting processes. SAP’s RAR Solution transforms revenue accounting for companies large and small and is the solution that was designed with the latest Revenue Recognition Standards in mind. SAP RAR 1.2 is the only solution to support multiple accounting standards.

Bramasol is a co-innovation partner with SAP and part of the ramp-up and Early Customer Adoption (ECA) programs participating in over a dozen projects. Bramasol can assist your firm in navigating the new standards and preparing for them. We've also created a cloud-based implementation of SAP RAR and a structured Proof of Concept process for helping clients get up and running quickly.

To learn more about SAP RAR and how to get #revrecready, watch the videos in our highly renowned RevRec Webinar series or contact us for a  Complementary RevRec Consultation.