Real Estate is the single largest expense you have and largest contributor to carbon accounting. SAP’s Intelligent Real Estate solution and REFX will provide you the foundation you need to gain the insights you need to help maximize your usage, and manage costs of your Real Estate assets.

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.

As more companies and industries adopt subscription-based business models in the Digital Solutions Economy (DSE), they face new challenges in managing cash, cash flow and banking. And, as the volume and velocity of transactions increases exponentially, your cash application and cash management solutions must keep up.

While leading edge companies are moving to subscription models, leading edge innovators are keep ahead with consumption and usage based models. The need for flexible plans without pre-defined spending levels demands a solution that is purpose built to handle the complexity, uncertainty, and volume of transactions. SAP BRIM provides a portfolio of integrated solutions that can be deployed individually or in a holistic approach. Regardless of which revenue generating model your company wants to apply, BRIM along with related SAP finance and compliance applications help optimize and consolidate business processes for sales, delivery, and billing.

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.

Watch as Bramasol’s John Froelich discusses XaaS optimization with SAP’s Pete Graham and Heidi Zhao, with a focus on how Billing and Revenue Innovation Management (BRIM) and Revenue Accounting and Reporting (RAR) combine to integrate end-to-end, quote-to-cash-to-compliance in the cloud.