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.
Sometimes as you move forward, it can also be helpful to take a look back and see how far we've come.
Watch how Bramasol helped a leading High-Tech Equipment manufacturer rapidly comply with RevRec ASC606 & IFRS 16
The customer is a leader in the field of networking solutions, and designs, manufactures a variety of solutions from PIC and ASIC chips to complete hardware and software systems. These systems empower network operators to scale network bandwidth, accelerate service innovation and automate optical network operations. Service providers, cloud operators, governments and enterprises across the globe rely on
The customer is a global publishing company, which specializes in academic publishing. The company publishes electronic and print books, journals, and encyclopedias, as well as training and educational materials. The organization markets its products to a number of segments including professionals, students, instructors, researchers and more.
The company faced challenging issues around Digital Media, Multi-currency Intellectual Property and other areas in digital publishing. They needed a partner expert in SAP RAR
Now that the adoption deadline for ASC 606 ( IFRS 15 for IFRS filers), revenue recognition for public entities has passed, the readers of companies’ financial statements should expect a much more robust financial reporting over revenue recognition.
In a recent interview with CFO.com, Christoph Hütten, chief accounting officer for SAP, discussed the readiness (or lack of readiness) of companies for meeting the new RevRec standards, ASC 606 and IFRS 15.
Disclosure requirements under ASC 606: Allocation of transaction price to unfulfilled performance obligations
Now that the January 2018 deadline has passed, and public companies must now adopt the new revenue recognition standard, ASC 606, disclosures become the central focus of the implementation process.
Watch how Bramasol helped a Leading Networking Company Automate and Simplify their RevRec Processes and Reporting
This Global Fortune 500 company is a leader in the manufacture, installation and service of computer, networking and computing systems providing solutions for companies of all sizes around the world. Their highly complex landscape and current global migration project required both a focus on achieving near term compliance while positioning a smooth migration to SAP S/4 HANA. They needed someone with deep, proven expertise and experience in implementing SAP RAR.
Bramasol, the leader in Revenue Recognition solutions, has announced a new, purpose-built product that reduces complexity and gives companies across a variety of industries a ready-to-deploy turnkey solution for disclosure reporting and compliance.
Watch How A Leading Automotive Company Relies on Bramasol To Help Them With Complex RevRec Scenarios
Bramasol recently helped a $9B Tier One Automotive supplier with a customized Revenue Recognition solution to help them become IFRS 15 compliant and optimize their business processes to support them in their quest for continuous performance improvement. The customer has manufacturing facilities located around the world and is a global product leader in clean and efficient technology solutions for combustion, hybrid and electric vehicles.