Achieving an efficient financial close process is critical for providing timely information to key stakeholders, including corporate executive management, investors, SEC regulators, etc.  However, in recent years, the dynamically changing compliance environment has been making the closing and disclosure reporting processes more complex and time consuming.

Over recent years, several changes in the compliance landscape, such as ASC 606 / IFRS 15 on Revenue Recognition and ASC 842 / IFRS 16 on Lease Accounting, have radically altered the requirements for what data must be disclosed and how disclosure reporting is handled. 

At the same time, major shifts in business models, such as the rise of the subscription economy and the move from product-focused sales to experience-focused solutions are fundamentally changing the ways that revenue is generated.

In addition, most companies are looking for ways to speed up their closing cycles in order to provide investors and other stakeholders with accurate and timely information in a shorter period of time.

Bramasol, the leader in SAP finance solution delivery, has announced a new Rapid Deployment Offering Global Cash Visibility Solution With SAP Multi-Bank Connectivity (MBC).

As a leader in compliance and finance innovation, Bramasol has introduced a new purpose-built CLM Rapid Solution that enables companies like you to quickly get up and running for ASC 842 or IFRS 16 compliance. It leverages the power of the industry’s leading leasing solution, SAP CLM, and combines it with Bramasol’s deep experience to provide a quick start that can get you up and running in 8 weeks instead of months or years and for a price that you can afford.

The growing complexity of financial reporting and rapid changes have led to a substantial increase in demand for expert accounting advisory services. The financial reporting challenge is driven by developments in the financial reporting environment, with extensive modifications across many areas, and further waves of change predicted in the coming years.

Bramasol published a series of How-to Use-Case Videos for S/4HANA Cloud about getting started with SAP S/4HANA Cloud. In this blog, you will find the videos embedded with some additional information and resources.

It’s time to get some deeper insights from our expert guest for this episode on Change Management During Difficult Times.

Birgit Starmanns, Global Head for Thought Leadership Strategy and Programs at SAP's Global Center of Excellence for Finance and Risk, discusses the key aspects of Change Management and how it's accomplished today, especially in the current global situation where change is paramount

The main functions of treasury include cash and liquidity management, funding and capital management, and financial risk management. These functions are in many treasury environments handled through spreadsheets and manual processes. This creates significant risks and these risks need to be matched to the organization and the board’s objective.

Listen to our latest Podcast on Improving Cash Flow and EBITDA with Active Lease Management. During this podcast, John Froelich, Bramasol VP of Marketing and Strategy, discusses Active Lease Management and explains how it can improve visibility of lease portfolios and cash flow along with enhancing financial performance.