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David Fellers

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Webinar Video - Leveraging SAP Treasury Applications as an ROI-Driven Gateway to S/4HANA

Fri, Nov 1, 2019 @ 08:22 AM / by David Fellers posted in webinar, SAP, S4HANA, Treasury Management

Proving the value of a SAP S/4 HANA project is clear if you focus on Finance, and more importantly Treasury. Learn from the experts in SAP Treasury, Bramasol, how you can save money on banking fees, lower compensating balances, higher yields on cash and lower borrowing rates by focusing your S/4HANA project on Treasury.

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Join Bramasol at SAP Conference on Treasury Management - November 4-6 in Chicago, IL

Wed, Oct 30, 2019 @ 06:23 AM / by David Fellers posted in Treasury Management

In today's complex, volatile and interconnected business environment, treasurers are facing changes from all directions. Despite rising complexity, they need to do more with less, make better decisions more quickly, while ensuring compliance at all levels.

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In-House Cash Management Reduces External Bank Accounts, Improves Visibility and Boosts Productivity

Thu, Oct 10, 2019 @ 09:14 AM / by David Fellers posted in CEO perspective, Thought Leadership, Treasury Management

All companies need to carefully manage their cash in order to ensure that sufficient funds are always available to support business operations, however, in today’s global enterprises, it can be difficult to maintain clear visibility and management of diverse cash repositories. This can be especially challenging when subsidiaries and other operating units maintain separate external banking relationships within their regional or local environments.

I’ve previously touched on related issues in blog posts on Working Capital Management and the need for a Global Approach to Cash Management. In this post, we are going to take a closer look at another key tool which is called In-House Cash Management.

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October 24 Webinar Video: Updates on Disclosure Reporting Accelerators for ASC 842 and ASC 606

Thu, Oct 3, 2019 @ 08:13 AM / by David Fellers posted in asset management

See the latest developments in Bramasol's industry leading disclosure reporting solutions and accelerators for Leasing and Revenue Recognition, including support for ASC 842 and IFRS 16 and ASC 606 and IFRS 15. Built on the foundation of FASB/IASB reporting requirements these reports will help accelerate your disclosure reporting by 50% or more.
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October 22 Webinar Video: RevRec Best Practices and S/4HANA Migration

Thu, Oct 3, 2019 @ 08:04 AM / by David Fellers posted in revenue recognition, SAP Revenue Accounting and Reporting

RevRec - Best Practices in Feature Pack and S/4 Migration

October 22, 2019 - 10 AM PDT / 1 PM EDT

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New Podcast: Using In-House Cash Management to Reduce External Banking and Boost Productivity

Fri, Sep 27, 2019 @ 08:37 AM / by David Fellers posted in Thought Leadership, Treasury Management

If you are a CFO or treasury executive in a globally diverse company, then you're probably already aware of the complexities regarding cash management across multiple business units in many different countries.

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Top Ten Technical Accounting Tips and Real-World Case Studies on ASC 842 and ASC 606

Thu, Sep 19, 2019 @ 06:28 AM / by David Fellers posted in asset management

Technical Accounting Tips for Optimizing Disclosures and Reporting for ASC 606 and 842

This webinar includes a discussion of Top Ten Technical Accounting Tips for accelerating financial reporting disclosures, which have been gleaned from Bramasol's experience guiding our clients through real-world issues surrounding ASC 606 and ASC 842.compliance.  We've also seen what doesn't work by helping companies overcome false starts and dead-ends.

Examples of the implementation situations covered includes:

  • An oil and gas services company found over 100 additional leases in a subsidiary that the corporate office did not realize were still being paid and expensed because it was small amounts and lessors typically would not tell you and allow it to go month to month!
    Lesson Learned: Know where your leases are!

  • A large pharmaceutical company underestimated the data abstraction process and delayed the project by five months because not only did the leases have to be abstracted but also interpreted by outsid
    e leasing accountants.
    Lesson Learned: Better upfront planning can avoid cost overruns and time delays!

 

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Working Capital Management: Exploring the What, Why and How

Tue, Sep 10, 2019 @ 03:45 PM / by David Fellers posted in CEO perspective, Thought Leadership, Treasury Management

Working capital is the lifeblood of most organizations and, as such, it needs to be watched closely and managed in a comprehensive, real-time, and proactive manner.

All finance departments must manage working capital to keep their business operations running, while maintaining the agility to support the strategic goals and growth objectives of their business. Working capital management and optimization are key to assuring a business can maintain production, cover the cost of wages and supplies – and also have enough liquidity on hand to service their short-term credit obligations.

Any gaps are likely to be filled by external capital – usually at a higher cost than internally available funding. Being able to accurately measure and manage working capital, and avoid expensive external financing, can provide companies with an important competitive advantage.

Most CFOs use working capital as a key indicator of the operating health of the business. They focus on questions such as: Are we collecting our bills in a timely manner? Are we taking all the discounts that we are entitled to? Are we carrying too much inventory in our warehouses?

These basic metrics all have a direct impact on liquidity. However, the answers to these key working capital questions are inherently dynamic and constantly changing.

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Join Bramasol and SAP at Upcoming Finance Events

Tue, Aug 27, 2019 @ 04:35 PM / by David Fellers posted in CEO perspective

As we move into Fall, there are a number of important events coming up for CFOs and other finance leaders, where you'll get a chance to network with colleagues and talk with experts in creating and implementing solutions for treasury, compliance, disclosure reporting and other related finance management issues.  Bramasol is proud to be a participant and in some cases an enabling sponsor for the following key conferences.  Please plan to join us.

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Choosing Treasury Solutions for Sustained Success: Understanding the Trade-offs of Standalone vs Integrated Approaches

Thu, Aug 8, 2019 @ 04:55 PM / by David Fellers posted in CEO perspective, Thought Leadership, Treasury Management

Treasury functions are not easily isolated from the rest of operational applications that are typically spread throughout an organization – nor should they be.  In fact, almost all treasury processes can benefit greatly from becoming more integrated with other business processes. 

However, all too often, companies are enticed by the promises of standalone treasury and risk management applications that claim to be inter-operable but fall short of providing true seamless integration with core ERP business and finance applications.

The strategic importance of treasury has been increasing steadily in recent years, thereby leading to a proliferation of new capabilities from both standalone application vendors and broad-based ERP/finance systems providers.

Companies are also coming under more pressure from shareholders and regulators to increase their transparency and improve financial performance. These expectations are leading to significant changes to the treasury functions as activities are increasingly being centralized. 

At the same time, most companies are experiencing more complexity with regard to changing compliance requirements, diverse global operations, regional and local regulatory mandates, international trade and foreign currency issues, geographically diverse banking relationships and escalating risk factors in the financial arena.

So, the key question that now arises is “what is the best approach for both today and for tomorrow?”

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New eBook: How to Create a Treasury Environment  that is Integrated, Optimized  and Future Proof Download Now
Download eBook - Transitioning to ASC 842: Why Robust Analytical Reporting Tools will be a must for all Entities

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