Revenue recognition under ASC 606 requires companies to assess whether contracts contain a Significant Financing component.
This Ask the Experts Q&A session will deal with key issues on how to identify and report Significant Financing, both in conventional sales situations and in the Digital Solutions Economy.  Register Now!

The interactive discussion will address topics such as:
• Definition of Significant Financing
• Customer advance payments (vendor receiving financing)
• Delayed customer payments (customer receiving financing)
• What is “material impact” on the revenue contract
• Accounting for financing separately from the revenue transaction
• Identifying key elements including revenue, cash, and interest expense
• Disclosure and reporting requirements

In past blog posts, this series on the Digital Solutions Economy (DSE) has discussed Entitlement Management, Integrating FP&A with DSE, Implementing Anything-as-a-Service (XaaS), DSE and RevRec Compliance, DSE Data Volume, Velocity, Density and Complexity, Embedded Analytics for DSE, and much more.

This new episode moves into focusing on how various industries are being impacted by the overall shift to subscription-based DSE offerings - starting with a look at the utilities segment.

From the inception of new revenue recognition standards (ASC 606 and IRFS 15), Bramasol has been at the forefront of helping companies Comply, Optimize and Transform™ their revenue accounting, analysis, and reporting processes, along with holistic cross-integration with other enterprise-wide financial processes.

As the leading provider of SAP solutions such as Revenue Accounting and Reporting (RAR) and co-innovator in the SAP Automated Revenue Management arena, Bramasol has completed more successful RAR implementations than anyone.  We've also developed intellectual property enhancements around disclosure reporting and most recently we've led the way by integrating RevRec within the overall Digital Solutions Economy.

Along the way, we have hosted over 100 webinars on RevRec and other topics of importance to the Office of the CFO. 

Today's Hot-Tip news is that Bramasol is opening up our treasure trove of archived webinar videos for on-demand public viewing!  And we've curated them into targeted playlists by topic!

Click here or on the image below to stream 20 of our top videos on Revenue Recognition.

Do you know where your data is?  Actually, it is everywhere.

According to Statista, the total amount of data created, captured, copied and consumed globally is projected to grow to more than 180 zettabytes by 2025, from the 64 zettabytes in 2020.

Optimized Contract Management (OCM) in the latest release of SAP Revenue Accounting and Reporting (RAR) provides powerful new features such as day-based calculations, improved inbound processing and enhanced reporting, as well as deeper integration with SAP S/4HANA and SAP Analytics Cloud.

In this Ask the Experts session, Bramasol's panelists provides important insights for efficiently migrating data to take advantage of OCM’s enhanced capabilities. Watch this focused half-hour discussion recorded on July 22nd, 2022. 

This webinar provides the latest look at the options available for deploying SAP Automated Revenue Management (ARM) solutions in the cloud.

There has been a lot of focus recently on supply chain issues because of the global challenges from the pandemic, conflict in Ukraine, and economic uncertainties.  However, the supply chain is only a part of the overall picture that companies need to consider for fueling sustainable business success.  This blog post zooms out for a more holistic view of the entire Value Chain, which encompasses the full gamut of enterprise-wide processes.

Real Estate is the single largest expense you have and largest contributor to carbon accounting. SAP’s Intelligent Real Estate solution and REFX will provide you the foundation you need to gain the insights you need to help maximize your usage, and manage costs of your Real Estate assets.

One important side effect of the ongoing trend toward globalization is the need to comply with a range of different accounting principles as well as with disparate reporting and compliance mandates.  For example, a company with branches doing business in the United States and the European Union will need to comply with both GAAP and IFRS accounting principles.  They also likely will face different taxation structures for specific countries or even local jurisdictions.

Furthermore, these challenges are not a "one-off" proposition because the need to serve disparate accounting and reporting requirements repeats itself for every periodic closing process including monthly, quarterly and annual reporting.