In previous blog posts, we have addressed the challenges and opportunities regarding digital transformation and the Digital Solutions Economy (DSE) across a range of industries including, software & SaaS, semiconductors, media & entertainment, medical devices, transportation, electronics manufacturing, energy, and utilities.
David Fellers
Recent Posts
Six Key Factors for Building an Expert Professional Services Company
Mon, Nov 13, 2023 @ 05:28 AM / by David Fellers posted in professional services, CEO perspective, Thought Leadership
Using Specialists for Revenue Recognition and Quote-to-Cash Projects Can Increase Value and Lower Risk
Tue, Oct 31, 2023 @ 12:06 PM / by David Fellers posted in revenue recognition, SAP RAR, revrec, CEO perspective, SAP BRIM, quote to cash, QTC
Most of us have encountered situations that call for turning to specialists with deep expertise in a specific area whenever it is critical for our health or safety.
For example, if tests conducted by your primary physician show problems with your heart, you'd expect a referral to a cardiologist rather than having your general practitioner do surgery in their office. Or if the construction of your dream home encounters issues with soil stability in an earthquake prone area, your general contractor can be expected to bring in a trained geological specialist to deal with the situation.
In business, the same concept holds true; especially for situations such as optimizing revenue recognition and reporting compliance for subscription-based product and service offerings, which often include complex entitlements, usage-based scenarios, bundled elements, and/or dynamic, on-the-fly, customer-driven changes within the end-to-end Quote-to-Cash process.
The Changing Role of CFOs in a Technology-Driven World
Fri, Sep 29, 2023 @ 06:21 AM / by David Fellers posted in Thought Leadership, AI, DSE, office of CFO
Driven by sweeping changes such as digital transformation, globalization of markets, the subscription-based Digital Solutions Economy™ (DSE), carbon-accounting mandates, a rising emphasis on artificial intelligence, and other disruptive trends, the role of Chief Financial Officer (CFO) is undergoing radical transformation too.
How Generative AI is Impacting the Digital Solutions Economy
Sun, Sep 10, 2023 @ 07:22 AM / by David Fellers posted in CEO perspective, Thought Leadership, AI, Digital Solutions Economy, DSE
This new blog post in our ongoing series about the Digital Solutions Economy™ (DSE) looks at how new developments in Artificial Intelligence (AI) are impacting the ways that companies deploy and manage subscription-based, usage-based, entitlements, ratable, bundled, and other DSE offerings.
Integrating RevRec and Cost Accounting in the SAP Public Cloud
Thu, Aug 31, 2023 @ 10:22 AM / by David Fellers posted in revenue recognition, CEO perspective, Thought Leadership, EBRR, cost accounting
Over the past eight years, many episodes in this blog series have focused on revenue recognition and how SAP solutions such as Revenue Accounting and Reporting (RAR) have provided a robust foundation for compliance with ASC 606 and IFRS 15. The evolution of SAP RAR and overall Automated Revenue Management (ARM) capabilities has unfolded along multiple paths to support existing users while also establishing a forward roadmap to some signficant new capabilities in SAP Public Cloud deployments.
Data Security and Privacy Are Crucial in the Digital Solutions Economy
Fri, Aug 11, 2023 @ 04:54 AM / by David Fellers
Previous posts in this blog series on the Digital Solutions Economy (DSE) have explored a wide range of issues and solutions as well as deeper dives into DSE implementation in specific industries. In this latest post, we take a look at data security, privacy protections, and overall cybersecurity issues, which impact all companies, especially those that are implementing new DSE programs.
MedTech Bundling Requires Both DSE and Lessor Accounting Solutions
Mon, Jul 31, 2023 @ 05:17 AM / by David Fellers posted in SAPCLM, DSE, Contract and Lease Management, Lease Accounting
A previous episode in this blog series gave an overview of How the Digital Solutions Economy (DSE) is Impacting the Medical Device Industry. This new post provides a deeper look at how the leasing of medical equipment along with other bundled services or products presents particular challenges for meshing contracts and lessor accounting with DSE management and revenue recognition.
A Fresh Look at Ongoing ESG and Carbon Accounting Developments
Sat, Jul 22, 2023 @ 09:39 AM / by David Fellers posted in CEO perspective, Thought Leadership, carbon accounting, ESG
Previous posts in this blog series on Environmental, Social and Governance (ESG) and carbon accounting have spotlighted carbon accounting as a trend to watch, looked at ESG impacts on M&A, and tracked the emergence of new ESG standards.
Mid-Year Update on Key Trends to Watch
Fri, Jun 30, 2023 @ 05:35 AM / by David Fellers posted in S/4 HANA Cloud, CEO perspective, Thought Leadership, AI, Digital Solutions Economy
As we reach the halfway point in 2023, it is a good opportunity to take another look at over-arching trends, both to update those we have already identified and to add some new ones, such as the unprecedented explosion in generative AI applications.
How Corporate Social Responsibility Can Make Real Differences in People's Lives
Fri, Jun 16, 2023 @ 06:05 AM / by David Fellers posted in CEO perspective, Thought Leadership, CSR, ESG
Several times in the past, this blog series has focused on various big picture issues regarding environmental, social and governance (ESG) programs, compliance and carbon accounting solutions.