At the recent SAPPHIRE NOW and ASUG Annual Conference, Bramasol presented our Comply, Optimize, Transform™ finance innovation approach, which is designed to build on the things that you “have to do” such as Compliance with accounting standards and using those changes to drive Optimization of related business processes. Ultimately, the goal is to leverage the journey through compliance and optimization to achieve Finance Transformation.

In this blog, we are taking a closer look at Machine Learning, which is one of the most important new tools for taking that first step from Compliance to Optimization, while also establishing capabilities to build from for moving from Optimization toward Transformation.

As companies face exponentially growing amounts of data that can overwhelm individuals decision-making ability, the emergence of Machine Learning provides an powerful new method for helping people improve decision-making bandwidth, responsiveness, accuracy and consistency of results.

In your Comply, Optimize, Transform™ journey, one of the most important steps is that initial move from basic compliance requirements to the automation of related processes for better integration and productivity.

Day 3 - Thursday; May 9, 2019

All great things must come to an end! SAPPHIRE 2019 confirms that it was the most innovative cloud and business technology conference which featured game-changing technologies that enabled the attendees to meet their future and be a part of it.

This week 30,000 visitors from more than 100 countries rushed to Orlando to be a part of SAPPHIRE NOW, SAP's 3-day celebration of business and innovation. The last day have been brimming with staggering introductions and workshops from SAP employees, partners and clients. Bramasol had a lot of fun discussing compliance to optimization journey with finance leaders.

What's more, obviously, Lady Gaga gave a show-ceasing performance for SAPPHIRE NOW participants. It's only one of the "million reasons" why the 2019 SAPPHIRENOW rocks.

Expecting lot more fun next year.We will see you then! 

Day 2 - Wednesday; May 8, 2019

The morning started off with another great SAP Keynote, this time featuring SAP co-founder and chairman of the SAP Supervisory Board, shares details of how SAP is delivering the intelligent enterprise for customers using S/4HANA and cloud Analytics. Supporting his statement were great talks from Gerrit Kazmaier, Senior Vice president of SAP HANA & Analytics and Jerrit Smith one of the founders of Qualtrics. Expert guests shared the latest SAP solutions and technology innovations, and reveal how Experience Management and in-memory technology enhance the Intelligent Enterprise.  

Our morning Leasing Demo proves that there is still great interest in the topic of Leasing and compliance with ASC 842 and IFRS 16.

Bramasol is pleased to announce the release of Bramasol's Insights to Action podcast library of topics covering Regulatory Compliance, Reporting, Disclosures, Financial Management and Financial Transformation technologies.

In previous blog posts, we’ve looked at several key issues facing companies and particularly finance leaders in the Office of the CFO, by covering topics such as Building Finance Innovation on a strong Compliance Foundation, Changing Roles and Responsibilities for the Office of the CFO, The Shift Toward Predictive Accounting, and Analytics is the New Face of Financial Transformation.

Building your Intelligent Enterprise has a lot in common with creating a SmartHome environment.

• Both require advanced technology
• Both are designed to improve efficiency, security and user convenience
• AND - you can get them both from Bramasol at SAPPHIRE!

In addition to providing a ton of the latest information on the Intelligent Enterprise and our solutions for Compliance, Optimization and Finance Transformation, Bramasol will also be giving away a SmartHome package from our valued customer, Vivint (a $1200 value!).

All you need to do is come by the Bramasol booth #1538 and watch one of our demos or book a personal consultation.
The winner will be randomly chosen from everyone who enters the drawing.

Click here to Book-a-Meeting on your preferred day and time.

SAP S/4 Central Finance provides the most comprehensive foundation for your Finance Transformation.  In this session you will hear from SAP product owners, Carsten Hilker, Pete Graham and Tom Anderson about the integration of SAP RAR and SAP REFX as the newest features for SAP Central Finance forming the core of the compliance tools for RevRec and Leasing.

Many of you are in the midst of filing your first quarter ASC 842 adoption footnote disclosures.  If you used brute force and/or a limited-scope point solution, how did that go?   If you used a non-integrated solution, how did the reconciliations go between asset accounting and payments?  Excel spreadsheets are not a realistic long term solution. Feel like you’re stuck in a dead-end now? You don’t have to be!

Companies operating in today’s diverse global environments face unprecedented challenges with regard to managing capital assets, especially cash accounts that are distributed throughout multiple operating entities in different countries.  These challenges are exacerbated within companies that have grown via merger and acquisition (M&A) strategies, which often results in trying to manage cash accounts across a variety of legacy financial systems.

CFOs and treasury departments need to optimize their companies’ cash agility amidst volatile foreign currency exchange (FX) environments while also complying with constantly changing regulatory environments and escalating global competitive pressures.

At the same time, many companies are realizing that leveraging new treasury-focused technologies and best practices in cash management can provide valuable benefits in terms of improving operating results, maximizing asset utilization and enhancing their ability to quickly respond to new opportunities.

Instituting strong enterprise-wide cash management is also saving valuable time and resources, thereby enabling finance staff to better contribute to high-value activities such as analysis, planning and decision support.