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:
This week's "Friday Big So What" episode focuses on Agility, along with a discussion of the six key factors for managing agile projects for optimal results.
