Although the initial compliance phase for ASC 606 and IFRS 15 revenue recognition mandates is in the rear-view mirror for most companies, it's important to also keep a focus on the road ahead because optimization of overall RevRec processes across the enterprise will be key to ongoing success.

Within the scope of a comprehensive Comply, Optimize, Transform™ journey, company decision makers need to understand the importance of integrating RevRec within the ever-changing enterprise-wide landscape of management processes. This blog post provides an overview of how the latest enhancements within the SAP ecosystem can provide a useful roadmap for the next steps toward optimization and ultimately transformation.

This episode in our ongoing series on the Digital Solutions Economy (DSE) provides an overview of how DSE is impacting the Medical Devices Industry. Click here to read episodes on DSE in the Utilities Industry, and DSE in the Oil, Gas and Energy Sector.

This new episode in our ongoing series on the Digital Solutions Economy (DSE) provides an overview of how DSE is impacting Oil & Gas industries and the overall energy sector. Click here to read episodes on DSE in the Utilities Industry, and DSE in the Medical Devices Industry.

In past blog posts, this series on the Digital Solutions Economy (DSE) has discussed Entitlement Management, Integrating FP&A with DSE, Implementing Anything-as-a-Service (XaaS), DSE and RevRec Compliance, DSE Data Volume, Velocity, Density and Complexity, Embedded Analytics for DSE, and much more.

This new episode moves into focusing on how various industries are being impacted by the overall shift to subscription-based DSE offerings - starting with a look at the utilities segment.

Do you know where your data is?  Actually, it is everywhere.

According to Statista, the total amount of data created, captured, copied and consumed globally is projected to grow to more than 180 zettabytes by 2025, from the 64 zettabytes in 2020.

There has been a lot of focus recently on supply chain issues because of the global challenges from the pandemic, conflict in Ukraine, and economic uncertainties.  However, the supply chain is only a part of the overall picture that companies need to consider for fueling sustainable business success.  This blog post zooms out for a more holistic view of the entire Value Chain, which encompasses the full gamut of enterprise-wide processes.

One important side effect of the ongoing trend toward globalization is the need to comply with a range of different accounting principles as well as with disparate reporting and compliance mandates.  For example, a company with branches doing business in the United States and the European Union will need to comply with both GAAP and IFRS accounting principles.  They also likely will face different taxation structures for specific countries or even local jurisdictions.

Furthermore, these challenges are not a "one-off" proposition because the need to serve disparate accounting and reporting requirements repeats itself for every periodic closing process including monthly, quarterly and annual reporting.

This new installment in our ongoing series on the Digital Solutions Economy (DSE) focuses specifically on the importance of Entitlement Management.

In too many instances, as CIOs and CFOs implement new software to improve finance processes, the expediency of getting systems up and running quickly can create isolated silos of inefficiency across the enterprise-wide technology landscape.  

The resulting build up of patchwork software systems is sometimes referred to as "Digital Debt".  As with real world debt, Digital Debt must be serviced with high on-going costs; primarily in the form of low productivity, time-consuming data reconciliation,  lack of end-to-end visibility and continuous maintenance updates.

As detailed in numerous previous blog posts in this series, the Digital Solutions Economy™ (DSE) is creating sweeping change and new opportunities for companies in a wide range of markets.

This episode focuses on how DSE business models present new challenges with regard to Financial Planning & Analysis (FP&A) processes, which require enhanced agility, scalability and end-to-end integration to handle DSE's inherently dynamic requirements.