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?

In past blog posts, we have explored how Treasury Integration is Key to Optimizing Digital Transformation and have covered the Digital Solutions Economy (DSE) from several different perspectives.  In this post we'll take a look at how DSE is impacting various aspects of Treasury Management and explore the implications from a treasury perspective.

As the Digital Solutions Economy continues to expand and evolve, encompassing a wider range of dynamic customer-driven engagement scenarios, it has become clear that  companies need to take a holistic approach to integrate all the processes to support new DSE business models.

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.

For most companies, real estate represents one of the largest investment and expense categories on their balance sheets and P&L reports.  Regardless of whether their real estate assets are owned or leased, effective management of the real estate portfolio is a key factor for managing bottom line results and achieving business goals.

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.

It is with great pleasure that I am announcing Bramasol has achieved the major milestone of serving our clients for 25 years now!

Watch Now our recently recorded webinar titled Flexible Order Management for the Digital Solutions Economy

Customers in the Digital Solutions Economy are demanding flexible ordering capabilities that allow them to bundle, price and order solutions and products their way.  You need an intelligent platform that gives you the flexibility to meet their needs.  With SAP's Intelligent Enterprise in S/4HANA you have a variety of solutions and we can help you sort through which ones make sense for you. 

In this webinar we will explore several options including Solution Order Management (SOM), Variant Configuration (VC), SAP Configure, Price and Quote (CPQ) and SAP Sales and Distribution (SD).  We will also discuss how you can use other non-SAP tools and integrate them to SAP S/4HANA. 

If you are looking to build a customer order platform and need to know which options make sense for you, join our team of experts to learn more.