Most corporate leaders are already familiar with "environmental, social and governance reporting" often referred to as ESG. 

However, for the past couple of decades, ESG has typically consisted of producing an annual glossy Corporate Responsibility Report that discussed various initiatives in descriptive terms across  areas such as energy usage, waste stream mitigation, labor practices, community programs, charitable giving, etc.  While these reports represented an important element for communicating a company's corporate-citizenship vision and were also positive public relations initiatives, for the most part they did not contain a lot of hard, auditable data.

As the world has become more serious about mitigating climate change and the issue of corporate responsibility moves to the forefront, ESG  reporting is now shifting toward a more rigorous approach that is increasingly based on accounting disciplines and auditable practices.  In the area of climate change, this is often referred to as "carbon accounting".

New Video on the Digital Solutions Economy

You have probably already heard terms like “solutions economy” and “subscription economy” but these don’t really capture either the breadth of industry applications that are being disrupted or the full scope of related process changes that are needed to create dynamically scalable and manageable systems for market success.

The Digital Solutions Economy™ (DSE) encompasses much more than just subscriptions and therefore DSE must be approached with a holistic mindset that brings together all of the key process areas to assure success.

As one of SAP's longest serving partners, Bramasol has seen and participated in many major changes during our 25 years of working in the SAP ecosystem.  When we express how excited we are with the new RISE with SAP initiative that was launched in Q1 2021, it comes with that deep history and perspective in mind.

Join experts from SAP and Bramasol as we highlight how the Digital Solutions Economy has impacted Cash Management, Banking and Accounts Receivable in profound ways. 

The Digital Solutions Economy™ (DSE) is radically changing how companies engage with their customers across many different industries.  This Hot-Tip takes a quick look at how DSE  impacts cash flow processes and explores both the key trends and the actions you can take to integrate and optimize your end-to-end cash management.

Did you hope that the whole Revenue Recognition change process was really behind you?  Most companies have already spent significant time, effort and resources to comply with ASC 606 / IFRS 15 accounting requirements in one way or another.   It's natural to yearn for closure and move on to other issues.

But there are some very compelling reasons why you should revisit your RevRec processes, with an eye toward the future and within the context of the Comply, Optimize, Transform™ paradigm.  

Let's take a look at three major areas of opportunity for leveraging RevRec as a key driver for improving your overall business processes, productivity and agility going forward.

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.

This new installment in our on-going series on The Digital Solutions Economy™ (DSE) focuses on the key role that embedded analytics plays in overall DSE success.