Did you hope that the whole Revenue Recognition change process was really behind you?  Most companies have already spent significant time, effort and resources to comply with ASC 606 / IFRS 15 accounting requirements in one way or another.   It's natural to yearn for closure and move on to other issues.

But there are some very compelling reasons why you should revisit your RevRec processes, with an eye toward the future and within the context of the Comply, Optimize, Transform™ paradigm.  

Let's take a look at three major areas of opportunity for leveraging RevRec as a key driver for improving your overall business processes, productivity and agility going forward.

With S/4HANA --- Revenue Accounting, Contract Management and Inbound Processing have been optimized for better performance and improved functionality. The optimized version provides additional features, such as day-based contract modifications, FIORI coverage and HANA based disclosure reporting.

Join team Bramasol and SAP Product Development for a discussion of how SAP Revenue Recognition’s Optimized Contract Management (OCM) can help power you into the Digital Solutions Economy (DSE). With powerful features mentioned above, OCM is the way to go. Team Bramasol and SAP bring together elements and tips & tricks from true world experience for moving you from your ECC RAR platform to the Optimized Contract Management platform.

Membership-based business models in the Digital Solutions Economy are increasingly taking hold in all kinds of industries, including Media, High-Tech, Software, Automotive, Transportation, Manufacturing. Even in economically difficult times, they provide stable and reliable revenue streams.

Whether you are moving to a subscription-based or other outcome-based model, you need to understand all the key holistic process elements that must mesh smoothly for a successful offering that is agile, scalable and profitable. By working with a partner that has the experience, expertise, and vision to put all the pieces together for your specific industry needs, your DSE offerings will transform your business and meet the needs of your customers.

This new installment in our on-going series on The Digital Solutions Economy™ (DSE) focuses on the key role that embedded analytics plays in overall DSE success.

How do you get better visibility and control over what your customers are entitled to?  We have the answer.   

Join Bramasol and SAP to learn about how SAP Entitlement Management is designed to help you manage all aspects of Entitlements in the Digital Solutions Economy. 

We will share how SAP EM helps manage the entire lifecycle of an entitlement, tracks how customers consume their entitlements and provides deep analytics to help provide insights on a variety of dimensions. 

Everyone is moving to the cloud and so is RevRec!  Cloud based Automated Revenue Management can help you comply, optimize and transform your revenue accounting across a full spectrum of application scenarios, especially recurring revenue models.

This continuing blog series on the Digital Solutions Economy™ (DSE) previously has explored:

• The Digital Solutions Economy is More Than Subscriptions. Will You Be Ready?
• Managing Payments and Collections in the Digital Solutions Economy
• Finance, Treasury and Working Capital Considerations for the Digital Solutions Economy
• Disruption is Happening for Consumer Products Companies. How Should You Deal with It?

In this new post, we will look deeper at the challenges and key factors for success with regard to management of supply chain and logistics processes as part of a holistic approach to DSE.

Companies faced with the lease accounting compliance deadlines over the past 2-3 years opted for “quick and easy” standalone or offline approaches that emphasized basic compliance over long-term integration, efficiency, and scalability.

As a result, most of these companies are now grappling with major roadblocks when it comes to managing lease accounting compliance in relationship to overall business goals, especially when it comes to coping with dynamically changing lease portfolios.

One of the biggest shortcomings from taking the standalone solution approach is the narrow focus on cataloging existing lease portfolios and analyzing them against the new compliance criteria. In effect, this is like just taking a static snapshot of a constantly changing environment.

So, how can you overcome these shortcomings related to standalone or offline approaches?

In past blog posts, we have explored how Treasury Integration is Key to Optimizing Digital Transformation and have covered the Digital Solutions Economy (DSE) from several different perspectives.  In this post we'll take a look at how DSE is impacting various aspects of Treasury Management and explore the implications from a treasury perspective.

As the Digital Solutions Economy continues to expand and evolve, encompassing a wider range of dynamic customer-driven engagement scenarios, it has become clear that  companies need to take a holistic approach to integrate all the processes to support new DSE business models.