Simplifying Revenue Recognition with SAP S/4HANA Cloud Public Edition: Introducing Universal RevRec

The Bramasol team concurs with nearly everyone we engaged with in Orlando that this was one of the most well-attended and productive SAP Sapphire events in recent years. Beyond the significant announcements from SAP, our conversations with companies across various industries revealed a growing excitement about the potential for change and a readiness to embark on the next steps.

SaaS companies face a unique blend of technical, operational, financial, and strategic challenges as they scale and evolve. To effectively manage these challenges, more large and mid-sized SaaS companies are now moving away from traditional on-premise ERP systems or outgrowing the limitations of low-end cloud ERPs, with the majority shifting to comprehensive cloud-based ERP solutions such as SAP S/4HANA Cloud ERP. This shift allows for easier access to data, enhanced collaboration, real-time analytics and future-proof scalability.

As with many other market segments, the Medical Device industry is being disrupted by two major macro trends: 1) the move to new offerings with recuring revenue models, and 2) the transformation of business operations with cloud-based ERP systems. This Insights post provides an overview of these new medical device product/service offerings and an exploration of how SAP Cloud ERP can help optimize and unify back-end systems for managing them.

Today's telecommunications companies face a myriad of challenges as they expand and integrate multiple business activities. Robust subscription management is always important however, depending on each telco's particular business model, they may need sophisticated processes for building and/or leasing infrastructure, bundling in mobile devices or other equipment, licensing third-party content, and compliance reporting for complex revenue sharing scenarios.

As the adoption of SAP S/4HANA Cloud ERP (Public and Private Editions) continues to accelerate, one of the key issues that frequently comes up is how to deal with the need for customization. This Insights post provides a deeper look at the extensibility tools available for managing custom processes and debunks the myths that cloud doesn't support company-specific requirements.

The Bramasol team sees this issue arise in nearly every SAP Cloud ERP implementation project we handle for clients, with their primary question being how best to balance any needed modifications against the goal of maintaining stability of the core for ease of maintenance and installing future updates.

In some cases, company leaders are hesitant to even undertake the move to cloud, despite its many benefits, because they are worried that their unique requirements can't be supported. It's unfortunate when decision makers tend to view standardized cloud environments as a straightjacket that limits their options; when, at least in the case of SAP Cloud, it is much more like a tailored suit that gives you the benefits of a solid underlying structure along with various ways to tailor a perfect fit.

7 years after the launch of ASC 606 and IFRS 15, we have learned a lot about Revenue Recognition and in particular, Standalone Selling Price (SSP). Watch our team of experts as we explore learnings from over 50 projects and share insights on implications of SSP. We talked about the types of approaches to SSP and explored the ways various companies have applied this. SSP has become a huge driver of downstream and upstream processes and is a key area that deserves ongoing attention. In this new webinar, our experts in SAP RevRec solutions and SAP Cloud provided a deep dive into how you can assure that your SSP processes are up to date and ready for the next waves of change.

Some of the issues we touched on include:
• Summary of SSP modifications since initial adoption
• Clarifications of SSP determinations for Intellectual Property
• Variable Consideration impacts on SSP
• How contract modifications impact SSP
• Opportunities for enhancing SSP and RevRec disclosures with SAP Cloud
• A peek ahead at how new AI capabilities will streamline SSP calculations and disclosure reporting.

If you want to stay compliant and optimize your business processes, including SSP integration, this is the webinar for you! Watch Now!

In today’s digital economy, businesses rely heavily on SAP consultants to guide them through complex ERP implementations, streamline processes, and maximize the value of their SAP investments. As one of SAP's longest serving partners with 28 years of helping corporate clients, at Bramasol we've developed a deep understanding of what makes a great SAP consultant. After all, our success and that of our clients depends on the effectiveness of our consulting team!

Before diving into the seven key attributes that make a great consultant, it's important to consider the overarching fit with Bramasol's core values as shown below. Similar to great sports dynasties, an outstanding consulting organization needs to establish clear shared cultural values that transcend specific skills and talents, with a big picture commitment to driving sustained success for our team and clients. At Bramasol, these core values are Excellence, Integrity, Passion, Teamwork and Accountability. 

Among the many advantages of moving to SAP Cloud Public or Private Edition is greater ability to leverage a fit-to-standard approach that optimizes performance, maintainability, and scalability, while reducing cost and complexity. This is supported by the Clean Core concept that establishes a standardized software environment and minimizes customization. However, many organizations will still need to implement some company-specific requirements.

The key to success is striking a balance between customizations and standardized processes in the core ERP software, with a goal of letting SAP focus on business processes so that you can focus on your company’s innovations.

That’s what this Webinar is all about.

Watch Now for a deep dive into the key Extensibility Options that are built directly into SAP Cloud, giving you the ability to create integrated, maintainable, custom extensions that mesh seamlessly with the Clean Core. You will hear from Bramasol experts who have front-line experience implementing SAP Cloud across a variety of scenarios requiring various levels of custom tailoring. We will address how SAP’s support for different extensibility options enables companies to address the full range of custom requirements, from making simple tweaks to accommodating complex legacy code.

The four specific Extensibility Options addressed in this webinar include:
• In-App Extensibility
• Low Code Side-by-Side Extensibility
• Pro Code Side-by-Side Extensibility
• Developer Level Extensibility

If you are looking at moving to SAP Cloud ERP and want to understand how your company’s unique requirements can be addressed within a solid, scalable, and maintainable software environment, then this is a must-watch webinar for you! Watch Now!