With S/4HANA --- Revenue Accounting, Contract Management and Inbound Processing have been optimized for better performance and improved functionality. The optimized version provides additional features, such as day-based contract modifications, FIORI coverage and HANA based disclosure reporting.

Join team Bramasol and SAP Product Development for a discussion of how SAP Revenue Recognition’s Optimized Contract Management (OCM) can help power you into the Digital Solutions Economy (DSE). With powerful features mentioned above, OCM is the way to go. Team Bramasol and SAP bring together elements and tips & tricks from true world experience for moving you from your ECC RAR platform to the Optimized Contract Management platform.

Membership-based business models in the Digital Solutions Economy are increasingly taking hold in all kinds of industries, including Media, High-Tech, Software, Automotive, Transportation, Manufacturing. Even in economically difficult times, they provide stable and reliable revenue streams.

Whether you are moving to a subscription-based or other outcome-based model, you need to understand all the key holistic process elements that must mesh smoothly for a successful offering that is agile, scalable and profitable. By working with a partner that has the experience, expertise, and vision to put all the pieces together for your specific industry needs, your DSE offerings will transform your business and meet the needs of your customers.

How do you get better visibility and control over what your customers are entitled to?  We have the answer.   

Join Bramasol and SAP to learn about how SAP Entitlement Management is designed to help you manage all aspects of Entitlements in the Digital Solutions Economy. 

We will share how SAP EM helps manage the entire lifecycle of an entitlement, tracks how customers consume their entitlements and provides deep analytics to help provide insights on a variety of dimensions. 

Everyone is moving to the cloud and so is RevRec!  Cloud based Automated Revenue Management can help you comply, optimize and transform your revenue accounting across a full spectrum of application scenarios, especially recurring revenue models.

Companies faced with the lease accounting compliance deadlines over the past 2-3 years opted for “quick and easy” standalone or offline approaches that emphasized basic compliance over long-term integration, efficiency, and scalability.

As a result, most of these companies are now grappling with major roadblocks when it comes to managing lease accounting compliance in relationship to overall business goals, especially when it comes to coping with dynamically changing lease portfolios.

One of the biggest shortcomings from taking the standalone solution approach is the narrow focus on cataloging existing lease portfolios and analyzing them against the new compliance criteria. In effect, this is like just taking a static snapshot of a constantly changing environment.

So, how can you overcome these shortcomings related to standalone or offline approaches?

The Digital Solutions Economy is radically changing how Revenue Accounting solutions need to integrate with commerce, solution creation, billing and fulfillment, especially with the increasing velocity and complexity of customer driven business models while still needing to comply with ASC 606 and IFRS 15. 

With the upcoming already extended deadline for the adoption of ASC 842, the new lease accounting standard in the US, many companies who have already adopted are struggling with managing the accounting under the new standard in spreadsheets or because they already chose a standalone software but are not happy with the results due to a lack of integration, causing reconciling issues or reporting inaccuracies.

The demands on corporate treasury departments are driving constant change. Requirements for increased accountability, better monitoring and improved performance means treasury leaders need to constantly upgrade their technical expertise, reduce costs and mitigate uncertainty. Treasurers also need to cope with the growing complexity of financial instruments, volatile financial markets and the introduction of new regulations and accounting practices.

Last year and this year we've all been doing our fair share of binge watching as there's been plenty of content to keep us occupied.

This week's "Friday Big So What" episode focuses on Practice, along with a discussion of following points:

• What makes a good Practice?
• What a Practice is?
• Five areas of Practice.