With COP29 coming up November 11-22, 2024 in Baku, Azerbaijan, this is a good opportunity to review progress toward climate goals and to update new developments in SAP's ongoing focus on delivering end-to-end carbon management and ESG reporting solutions.
Life sciences includes a broad range of scientific fields that study living organisms and their interactions with the environment. Some of the key areas within life sciences include:
As with many other industry segments, companies in the life sciences arena are grappling with disruptive changes in their go-to-market strategies while at the same time looking to improve their business processes via digital transformation. This new Insights Post explores how the SAP ecosystem can help life sciences companies align initiatives in both of these areas with digital transformation initiatives that embrace new subscription-based revenue opportunities and simultaneously map out an optimized roadmap for moving to more efficient cloud-based ERP and overall business systems.
SAP Universal Revenue Management (SAP Universal RevRec) is a cutting-edge solution engineered to elevate and simplify the complexities of revenue recognition. It marks a substantial leap forward that is built on earlier revenue management systems, such as SAP Revenue Accounting and Reporting (RAR) and SAP Automated Revenue Management (ARM).
With a 28 year track record as one of SAP's longest serving partners and the recognized experts in SAP revenue compliance and SAP BRIM/OTC offerings, the Bramasol team has deep experience tailoring SAP solutions to specific client requirements. By leveraging our leadership in deploying more RAR implementations than any other partner, Bramasol is also at the forefront of helping refine and deploy these new Universal RevRec capabilities.
The proliferation of subscription-based, recurring revenue offerings in the Digital Solutions Economy (DSE) presents both opportunities and challenges. In the customer driven DSE model, companies need to adapt their processes to meet a dynamically changing range of customer needs, while also assuring robust backend processing with integrated revenue compliance.
As part of our ongoing coverage of environmental, social and governance (ESG) trends, this Insights post provides a mid-year update of trends in the ESG accounting space and a look at how SAP solutions for ESG management are continuing to evolve.
In addition to highlighting trends such as the Digital Solutions Economy (DSE), industry-focused solutions, and SAP initiatives like artificial intelligence and S/4HANA cloud, this Insights Series will also periodically provide answers to the top questions that we hear from our clients and partners.
In this episode, we dive into five issues that are at the heart of optimizing Quote-to-Cash to Compliance with SAP Revenue Recognition and subscription management applications, including complex bundling scenarios.
With each quarterly earnings announcement showing dramatic increases in cloud ERP revenue, SAP’s strategic shift to S/4HANA cloud services is clearly now in full swing. In Q1 2024, revenue from the Cloud ERP Suite was up 32% and reached $3.48 billion US, marking nine straight quarters of 30%-plus growth.
The role of enterprise level CFOs has changed radically over the past decade with both a widening scope of influence and greater responsibilities for helping guide corporate transformation programs and technology choices. Instead of the historic backward-looking role focused primarily on gathering and reporting data, the Office of the CFO is now much more involved in proactively analyzing trends and formulating forward-looking strategies to drive future company results.
With Sapphire now behind us, it is a great time for this Insights series to provide a quick overview of all the AI-related new initiatives from SAP and strategic partners that were announced and/or spotlighted during the event.
