As discussed in previous blog posts, The Digital Solutions Economy™ (DSE) is radically disrupting business models across many industries. These new engagement scenarios give customers more choices, with offerings like subscriptions, usage-based billing, entitlements, bundling of products with services, and other multi-faceted relationships.
If You're Using BRIM without RAR, You're Not Seeing the Full Picture!
As companies move into the new year, The Digital Solutions Economy™ (DSE) is continuing to disrupt conventional customer engagement business models by shifting away from one-off sales transactions and toward subscriptions, bundling and multi-faceted relationships. DSE is already transforming many B2C markets and is rapidly making inroads into B2B scenarios as well.
Within the SAP ecosystem, many companies like yours are already turning to Billing and Revenue Innovation Management (BRIM) to handle order-to-cash processes. However, as SAP's Roshni Frisch points out in this podcast, companies hit a point in these projects where they ask "oh, how am I going to do my revenue recognition for this?"
The best approach to optimize BRIM integration for flexibility, compliance and disclosure reporting is to use SAP Revenue Accounting and Reporting (RAR)!
As leasing arrangements continue to become more diverse and entail complex cross-integration requirements for managing leases within bundled Digital Solutions Economy offerings, it is increasingly important for lessor companies to have a comprehensive understanding of the compliance issues both for lessor accounting under ASC 842 and revenue recognition under ASC 606.
As we near the end of yet another tumultuous year and acknowledge that even the best predictions do not always align with how reality unfolds, it is still a good opportunity to look ahead at some of the key trends that are most likely to have big impacts on 2022.
From Bramasol's perspective as a leading SAP partner creating business management, finance, and compliance solutions for over 25 years, here are five major areas that we are watching closely and helping our clients prepare to deal with in the coming year - and beyond.
As discussed in previous blog posts, the The Digital Solutions Economy™ (DSE) is continuing to disrupt conventional customer engagement business models by shifting away from one-off sales transactions and toward subscriptions, bundling and multi-faceted relationships. DSE is already transforming many B2C markets and is also rapidly making inroads into B2B scenarios as well.
This new installment in our on-going DSE series focuses on the overarching issues regarding how DSE is radically changing the nature of data flows that must be handled while at the same time driving up the importance of real-time responsiveness.
These impacts on data levels and flows can be grouped into four key dimensions of Volume, Velocity, Density, and Complexity.
Most corporate leaders are already familiar with "environmental, social and governance reporting" often referred to as ESG.
However, for the past couple of decades, ESG has typically consisted of producing an annual glossy Corporate Responsibility Report that discussed various initiatives in descriptive terms across areas such as energy usage, waste stream mitigation, labor practices, community programs, charitable giving, etc. While these reports represented an important element for communicating a company's corporate-citizenship vision and were also positive public relations initiatives, for the most part they did not contain a lot of hard, auditable data.
As the world has become more serious about mitigating climate change and the issue of corporate responsibility moves to the forefront, ESG reporting is now shifting toward a more rigorous approach that is increasingly based on accounting disciplines and auditable practices. In the area of climate change, this is often referred to as "carbon accounting".
New Video on the Digital Solutions Economy
You have probably already heard terms like “solutions economy” and “subscription economy” but these don’t really capture either the breadth of industry applications that are being disrupted or the full scope of related process changes that are needed to create dynamically scalable and manageable systems for market success.
The Digital Solutions Economy™ (DSE) encompasses much more than just subscriptions and therefore DSE must be approached with a holistic mindset that brings together all of the key process areas to assure success.
As one of SAP's longest serving partners, Bramasol has seen and participated in many major changes during our 25 years of working in the SAP ecosystem. When we express how excited we are with the new RISE with SAP initiative that was launched in Q1 2021, it comes with that deep history and perspective in mind.
Join experts from SAP and Bramasol as we highlight how the Digital Solutions Economy has impacted Cash Management, Banking and Accounts Receivable in profound ways.
The Digital Solutions Economy™ (DSE) is radically changing how companies engage with their customers across many different industries. This Hot-Tip takes a quick look at how DSE impacts cash flow processes and explores both the key trends and the actions you can take to integrate and optimize your end-to-end cash management.