In previous blog posts, we have addressed the challenges and opportunities regarding digital transformation and the Digital Solutions Economy (DSE) across a range of industries including, software & SaaS, semiconductors, media & entertainment, medical devices, transportation, electronics manufacturing, energy, and utilities.
Using Specialists for Revenue Recognition and Quote-to-Cash Projects Can Increase Value and Lower Risk
Most of us have encountered situations that call for turning to specialists with deep expertise in a specific area whenever it is critical for our health or safety.
For example, if tests conducted by your primary physician show problems with your heart, you'd expect a referral to a cardiologist rather than having your general practitioner do surgery in their office. Or if the construction of your dream home encounters issues with soil stability in an earthquake prone area, your general contractor can be expected to bring in a trained geological specialist to deal with the situation.
In business, the same concept holds true; especially for situations such as optimizing revenue recognition and reporting compliance for subscription-based product and service offerings, which often include complex entitlements, usage-based scenarios, bundled elements, and/or dynamic, on-the-fly, customer-driven changes within the end-to-end Quote-to-Cash process.
During this webinar, we engaged in discussions with RevRec Experts from Bramasol and various other professionals, exploring essential factors in handling the shift from SAP ECC to S/4HANA and its impact on Revenue Recognition.
We touched on key considerations from actual projects around migration from SD RevRec to RAR, customizations of SD that impact RevRec and insights on migration of ECC RAR to S/4 RAR. We also talked about insights and considerations for doing RAR first or in conjunction with your S/4HANA project. Watch Now!
Previous posts in this blog series have addressed how SAP solutions such as Quote-to-Cash (QTC), the Billing and Revenue Innovation Management (BRIM) portfolio, and Revenue Accounting and Reporting (RAR) can be meshed seamlessly to integrate frontend and backend processes for subscription-based Digital Solutions Economy (DSE) offerings. We have also explored how SAP RISE and GROW can enhance and streamline overall implementations.
It seems like everyone is talking about AI these days, especially since new Generative AI (Gen AI) applications burst into the public consciousness in late 2022!
Driven by sweeping changes such as digital transformation, globalization of markets, the subscription-based Digital Solutions Economy™ (DSE), carbon-accounting mandates, a rising emphasis on artificial intelligence, and other disruptive trends, the role of Chief Financial Officer (CFO) is undergoing radical transformation too.
Learn how SAP Event Based Revenue Recognition (EBRR) in the SAP Public Cloud can enhance revenue management and ensure compliance for subscription-based offerings, thus enabling businesses to streamline and optimize their processes.
This new blog post in our ongoing series about the Digital Solutions Economy™ (DSE) looks at how new developments in Artificial Intelligence (AI) are impacting the ways that companies deploy and manage subscription-based, usage-based, entitlements, ratable, bundled, and other DSE offerings.
Over the past eight years, many episodes in this blog series have focused on revenue recognition and how SAP solutions such as Revenue Accounting and Reporting (RAR) have provided a robust foundation for compliance with ASC 606 and IFRS 15. The evolution of SAP RAR and overall Automated Revenue Management (ARM) capabilities has unfolded along multiple paths to support existing users while also establishing a forward roadmap to some signficant new capabilities in SAP Public Cloud deployments.