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Webinar Video -What's New in SAP RAR FP07?

Wed, Jan 9, 2019 @ 05:26 AM / by Bramasol RevRec Team posted in SAP Revenue Accounting and Reporting, revrec

Watch the webinar by experts from Bramasol and SAP recorded on Jan 24, 2019 to learn about the exciting new features in SAP Revenue Accounting and Reporting (RAR), release FP07.  A major achievement in FP07 is seamless parity with existing features in SD RevRec, which opens a cost-effective path for companies to transition their Revenue Recognition processes into a more sustainable forward path.

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They Said ASC 842 Compliance Was Easy, But Was It Really?

Mon, Jan 7, 2019 @ 08:51 AM / by Bramasol Leasing Administration Team posted in Leasing-Hot-Tips, SAPLeaseAdmin

They promised that a standalone solution would work as well as any integrated solution and that integration and data management/migration were easy. And, that reporting is a snap. But is it really?

As the leading experts in SAP Leasing Solutions for ASC842 and IFRS 16, we know what works. Integration can be hard. Data validation is required far more than you expected and reporting is anything but a snap, especially if you need data from your ERP as well as your leasing solution. 

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New Leasing eBook- Tips and Strategies for Estimating the Lease Term

Fri, Dec 7, 2018 @ 07:55 AM / by Bramasol Leasing Administration Team posted in Leasing, SAPLeaseAdmin, ASC 842, Hot Tips

In February 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-02 ( “ASC 842”), Leases, which provides new guidelines that change the accounting for leasing arrangements.

The new leasing standard becomes effective in fiscal years beginning after December 15, 2018, including interim periods within those fiscal years, for:
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Webinar Video December 13, 2018: Learn How SAP Central Finance can cut through complexity

Mon, Dec 3, 2018 @ 08:46 AM / by Bramasol Financial Transformation Team posted in financial transformation, Thought Leadership, Hot Tips

Is your finance process complex? Is it all digitally connected? Are you looking for a path forward that doesn't require throwing out everything you have now?

Take a non-disruptive step towards system consolidation with SAP Central Finance, a holistic approach for finance organizations with heterogeneous system landscapes to get the most out of SAP S/4HANA.

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Can Automation and AI make the Monthly Accounting Close Obsolete?

Tue, Nov 27, 2018 @ 04:00 AM / by Julio Dalla Costa posted in cloud, analytics, financial transformation, FinancialTransformation-Hot-Tips, S4HANA, Thought Leadership, Hot Tips, Automation, Accounting, AI, Compliance

Whether you’re a CFO or a financial controller, you know how much time and effort you and your team spend deep in concentration to get your monthly accounting figures to balance. Your accounts payable and accounts receivable work doesn’t get much attention unless things go wrong, but all the time you need to stay on top of your tasks to keep things running smoothly.

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Happy Thanksgiving from Bramasol

Thu, Nov 22, 2018 @ 04:50 AM / by Bramasol posted in Seasons Greetings

As the year moves into the holiday season and 2018 comes to an end, all of us at Bramasol want to wish a Happy Thanksgiving to our valued customers, partners and colleagues throughout the world.

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Leasing Webinar Video - Tips for Successful ASC 842 Launch

Wed, Nov 21, 2018 @ 06:33 AM / by Bramasol Leasing Administration Team posted in Leasing, Leasing Solution

The January 2019 deadline for compliance with new Lease Accounting standards, ASC 842 and IFRS 16, is now looming less than two months away.  Are you ready? If not, Bramasol can help

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RevRec Webinar Video - The Latest on SAP RAR – FP06

Wed, Nov 7, 2018 @ 06:59 AM / by Bramasol RevRec Team posted in Revenue Recognition, SAP Revenue Accounting and Reporting

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.

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The Shift Toward Predictive Accounting

Wed, Nov 7, 2018 @ 06:06 AM / by David Fellers posted in predictive analytics, analytics, CEO perspective, Thought Leadership

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.

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