In your Comply, Optimize, Transform™ journey, one of the most important steps is that initial move from basic compliance requirements to the automation of related processes for better integration and productivity.
Watch the webinar by experts from Bramasol and SAP recorded on Jan 24, 2019 to learn about the exciting new features in SAP Revenue Accounting and Reporting (RAR), release FP07. A major achievement in FP07 is seamless parity with existing features in SD RevRec, which opens a cost-effective path for companies to transition their Revenue Recognition processes into a more sustainable forward path.
This webinar covers the latest features of SAP RAR available in FP06 and why they matter. Also some insights and learnings on why moving to a more updated feature pack makes sense, learn about FP04, FP05 and FP06 and how it will benefit you to move sooner versus later.
A recent article in Compliance Week paints a different picture from people who think that adoption of Revenue Recognition per ASC 606 is behind us. Even though the new standard took effect on January 1, 2018, the issue of compliance as seen by auditors and the SEC is now just ramping up.
Public companies on
Some highlights from the article include:
Bramasol, the leader in compliance and finance innovation solutions, is pleased to introduce a new, purpose-built application, Analytics for Revenue Recognition Disclosure Reporting. This application is being introduced at SAP TechEd in Las Vegas, NV on October 2, 2018 and is available for purchase through the SAP App Center.
With the deadline for implementing ASC 606 and IFRS 15 now behind us for most public companies, a lot of CFOs and accounting staff have breathed a sigh of relief.
The video is now available of the most recent session in Bramasol's monthly series on Revenue Recognition.
Watch how Bramasol played a vital role in hard transition from ASC605 to IFRS 15 for a Pioneer in electronic and design automation company
A pioneer in electronic design and automation and with a presence in more than seven countries, our featured customer offers bundles of hardware, software, support & training to industrial customers. The Company was running ECC 6.0 with SD Revenue Recognition and was in the process of implementing SAP RAR 1.3 to support a mandated transition to IFRS 15. The project delivers a "hard" transition from ASC605 to IFRS 15, running RAR 1.3 SP02 for ten company codes around the world. The deployment includes a migration of 26000 in-flight contracts.
During the lead-up to implementation of the new Revenue Recognition standards, ASC 606 and IFRS 15, companies chose a variety of paths to get ready.