Previous episodes in this Insights Series have explored the challenges created by new Digital Solutions Economy paradigms for billing, fulfillment, invoicing, revenue accounting, and compliance across a wide range of industries. In this new Insights post, we take a look at the management, revenue accounting, and compliance issues for Professional Services companies.

Watch Bramasol’s recorded webinar from July 25th, where John Froelich, along with David Eastlund, Christian Ilmberger, and Boris Aljancic from SAP’s Development team, discussed the powerful new features such as multi-currency and early billing that extend the capabilities of SAP’s premier cloud Order to Cash solution, Subscription Billing.

The webinar included a deep dive into how these new features work, and the panel addressed best practices for implementing them smoothly into your overall end-to-end, quote-to-cash to compliance landscape.

They also explored alternatives for connecting with various front-end customer-facing systems and back-end revenue recognition solutions. Lastly, the presentation provided insights into seamlessly optimizing these new features within SAP S/4HANA Cloud environments.

Discover how SAP solutions lay a solid foundation for audits and next level PCAOB or AICPA compliance reviews.

For any public company, the goal of successfully complying with periodic financial reviews by external auditors cannot be overstated. While passing each audit is a critically important milestone, companies also should understand that it is only one aspect of ensuring their financial transparency and integrity. 

This post provides a deeper look into the organizations that are overseeing your auditors and provides key insights into how your financial, compliance and reporting processes need to be robust enough to satisfy these "audit the auditors" reviews. 

With the 54th anniversary of Earth Day on April 22, 2024, now is a good opportunity to review the progress of corporate Environmental, Social, and Governance (ESG) initiatives with an eye toward the future and a review of available tools for monitoring, managing and reporting ESG information. 

Previously in this series, we have explored the big picture regarding How Generative AI is Impacting the Digital Solutions Economy. In this new post, we get more granular to provide an update on how AI and Gen AI can enhance productivity, insights, and results in finance applications such as order-to-cash to compliance (OTC²), along with a look at how new SAP AI initiatives are key to this transformation.

As the Digital Solutions Economy (DSE) has proliferated across many industries, the challenges of data Volume, Velocity, Density and Complexity have become critical for success.

In this webinar, experts from SAP and Bramasol provide a deep dive into how SAP FI-CA, with proven capabilities for contract accounting, helps to address the key Volume and Velocity issues. We will explore how FI-CA optimizes rapid processing of very high volume transaction flows by collecting, aggregating, and posting all detailed level information to the GL, while providing seamless ability to handle credit and collections. The panel will also address how FI-CA interfaces with SAP BRIM for subscriptions and with revenue compliance processes through SAP RAR’s Contract Based Revenue Recognition (CBRR) functionality.

If your company needs a way to efficiently process tens of thousands of transactions while retaining the ability to drill down and drill through to handle the details, then this is the webinar for you.  There will also be an interactive Q&A session so post your questions below or bring them to the session.

In recent years, the semiconductor industry has experienced a roller coaster ride of widely swinging changes in both challenges and opportunities. During the pandemic, the mass movement to work-from-home scenarios and heavy reliance on networked applications drove demand up at the same time that global supply chains were severely disrupted. Then, in the past two years, the meteoric rise of artificial intelligence with generative-AI applications popping up seemingly everywhere has been driving another peak in demand for chip makers.

In addition, geopolitical concerns about semiconductor IP and manufacturing are also significantly influencing decisions on where semiconductor foundries and assembly facilities should be located and whether advanced chip designs should be banned from export to certain countries.

According to the Semiconductor Industry Association (SIA), the industry will see a 13% sales rise in 2024, after declining 8.2% in 2023, while Gartner, Inc. forecasts that global semiconductor revenue will grow 16.8% in 2024 to total $624 billion.  International Data Corporation (IDC) also upgraded its Semiconductor Market Outlook, calling for a return to growth, with a 20.2% increase to $633 billion in 2024.

Watch our webinar as it focuses on how companies can optimize their Order-to-Cash-to-Compliance processes by combining SAP’s latest cloud-based financial solutions to enhance efficiency and drive business value. Specific topics focuses on use cases for emerging subscription-based business models and solutions such as Order to Cash/BRIM, Revenue Accounting and Reporting (RAR), and S/4HANA cloud implementations.

The discussion also includes a look ahead on how SAP’s artificial intelligence (AI) initiatives are likely to open up new opportunities for automation of key processes and decision-making to provide even higher productivity.

In addition to the presentation, this webinar includes an interactive Q&A session, Watch Now.

Recent posts in this series have provided updates on SAP RISE and GROW, with a focus on how they can help streamline the path for companies migrating to SAP public and private cloud editions.  This new episode drills down into the concept of maintaining a "clean core" in your ERP system to assure a solid foundation that minimizes unnecessary customization, which could impede organizational agility going forward.