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Ignite Possible Newsletter

April 2017

Next RevRec Webinar:

The Big Reveal: Disclosure Reporting and SAP RAR

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.

April 27, 2017 
10 AM PDT/ 1 PM EDT

Click Here to Register 

Watch Videos of  RevRec Webinars:

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Click Here to Access the Recordings 

 What People Are Saying About Bramasol:

"BorgWarner has been on the SAP RAR revenue recognition journey since June 2015. We selected Bramasol as our implementation partner to provide ramp-up coaching and support.

 

It has been a great relationship as we've moved through new SAP RAR releases and added functionality.  We are now finishing the prototype phase and on track for moving to the entire BorgWarner company landscape." 

 

Ardis Fletcher, BorgWarner SAP Finance Manager 

 

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New eBook:
SAP Leasing Administration What you Need to Know Now

This new eBook addresses how companies can get ready for the standards for lease accounting: IFRS 16 & ASC 842, which must be implemented by 2019. These changes will impact virtually all companies, whether lessors or lessees.

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Download the eBook Here

SAPPHIRE NOW and ASUG Annual Conference - May 16-18

Please join with Bramasol at SAPPHIRE NOW® and ASUG Annual Conference being held May 16–18 in Orlando, Florida. Visit Bramasol at Booth 1081 to learn about the latest solutions and methods for dealing with Leasing Administration, Revenue Recognition and Financial Transformation.

With less than a year to go for the January 2018 deadline to comply with the revenue recognition standards, Bramasol will present an in-depth guide to get companies RevRecReady.  We will be presenting a live demo of the latest SAR Revenue Accounting and Reporting (RAR) 1.3 version software and also showcase a road map for a successful revenue recognition project.

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For leasing, Bramasol in co-partnership with Nakisa will provide an update on the latest SAP Leasing solutions aimed at helping companies to get ready for IFRS 15, IFRS 16 and IFRS 9 and also optimizing company-wide lease management.

Bramasol will also be showing how the combination of S/4HANA Cloud, predictive analytics, SAP FIORI and best-of-breed modular Editions can help companies drive fundamental Financial Transformation. These technologies enable CFOs to get ahead of the curve on new requirements while also transforming and unifying their underlying financial systems to eliminate chronic problems such as data inconsistency, closing delays and reporting challenges.

 

New Book on SAP FI-RA Revenue Accounting and Reporting
Co-Authored by Bramasol's Larry McKinney

This new book Practical Guide to SAP FI-RA - Revenue Accounting and Reporting, (available soon from Espresso Tutorials provides a dive into the fundamentals of SAP RAR and the legal principles that determine reporting of revenues.  Walk step by step through the revenue recognition process according to IFRS 15 and get best practices on preparing your system for an implementation.

Congratulations to Larry on helping create another key informational tool to help companies get #RevRecReady !

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Upcoming Industry Events

  • Silicon Valley RevRec Forum - April 21, 2017
  • SAPPHIRE and ASUG Annual Conference - May 16-18, 2017
  • Stay tuned for other regional workshops and customer round tables.

 Consultant's Corner - Meet a Bramasol Expert each Month

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Shekhar Chaudhari 
Senior RAR Consultant and Member Center of Expertise

Shekhar brings over 14 years of experience in a variety of industries, areas, and roles, to assist Bramasol customers in reaching their business objectives. After working with different industries in the area of SAP (mainly on logistics modules & Integration with finance), he has command of revenue recognition from providing solutions to Bramasol customers in the area of SAP SD/Rev rec for several years.

He was also involved in custom solutions of ASC 605 POC projects before SAP released RAR. then moving on to the first RAR releases, ultimately working on 1.0, and testing releases 1.1, 1.2, and 1.3, with SAP.  

He has worked on several of the first Proof-of-Concept projects, as SAP rampup coach. He is involved as solution architect for all the stages (starting from POC, Evaluation of different integration approaches for non-SAP source system, design, development, testing, migration & going live in another week (Mid April 2017). He participated in multiple POCs supports other projects through Bramasol’s Center of Expertise.
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