This webinar covers the latest features of SAP RAR available in FP06 and why they matter. Also some insights and learnings on why moving to a more updated feature pack makes sense, learn about FP04, FP05 and FP06 and how it will benefit you to move sooner versus later.
Accounting has traditionally been a backwards looking profession. Let me be clear that I did not just call accountants backwards people, but in general their mandate has been to document, audit and verify what has already happened.However, things are changing rapidly in the world of accounting. As I covered in a recent blog post on The Changing Role of the CFO, there is a major shift toward broader and more forward-looking responsibilities within the Office of the CFO and the accounting profession in general.
Some of the forces helping make these changes a reality are
enterprise-wide integration of advanced analytics, unifying financial information in a single-source-of-truth, movement toward continuous-close processes and the rise of Machine Learning.
Today’s CFO is bombarded with buzzwords and talk about the latest and greatest trends in corporate finance. The typical finance professional is usually occupied with more practical considerations. Buzzwords aren’t high on the agenda when some new regulatory control is fighting for your attention or you’re busy keeping an eye on the bottom line.
Still, those buzzwords and trends persist. It’s little wonder that finance pros are confused by it all.
Here are a few such terms you might have heard of:
- Predictive accounting – using accounting to predict revenue.
- Machine learning in finance and accounting.
- Robotic Process Automation (RPA).
It’s natural to ask whether any of this matters. Is it worth devoting mental bandwidth to these new trends?
This post is a summary of why I think these trends may be relevant to you, and how getting onboard now can help you add long-term value to your organization.
Are you struggling with implementing big-picture compliance solutions on a limited budget?
Did time and cost constraints force you to adopt RevRec compliance with short-cuts, spreadsheets or brute force manual calculations - leaving you with a dead-end "solution"?
Do you face similar no-win trade-offs with regard to new Lease Accounting changes coming in January 2019?
You're not alone. Lots of small to midsize companies are grappling with difficult compliance issues.
Here's a great opportunity to join a select group of Financial Executives and Leaders for an information-filled day on November 29, 2018 at the SAP Offices in Burlington, MA, where Bramasol, SAP and special guest from Monotype will discuss key challenges and solutions for Finance, Analytics and Compliance.
A recent article in Compliance Week paints a different picture from people who think that adoption of Revenue Recognition per ASC 606 is behind us. Even though the new standard took effect on January 1, 2018, the issue of compliance as seen by auditors and the SEC is now just ramping up.
Public companies on
Some highlights from the article include:
This eBook provides a brief overview how S/4HANA represents the future for companies currently using SAP platforms, as well as many other companies looking for a sustainable path to finance innovation. It also lays out some of the key considerations in developing a roadmap to implement and get the best results from S/4HANA.
The Institute of Financial Operations sets aside a week every year to celebrate the dedication, drive, and accomplishments of Accounts Payable staff as key financial operations professionals.
Bramasol, the leader in compliance and finance innovation solutions, is pleased to introduce a new, purpose-built application, Analytics for Revenue Recognition Disclosure Reporting. This application is being introduced at SAP TechEd in Las Vegas, NV on October 2, 2018 and will be available for purchase starting on October 6, 2018 through the SAP App Center.
As companies grapple with accelerating changes across most global markets, they face critical challenges for staying ahead of competitors, sustaining growth, maximizing profitability, complying with regulatory requirements and establishing organizational agility to respond quickly to the unexpected.