Executive insigh

 

blog search

Executive Insights :

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.

Read More

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.

Read More

Financial automation: turning compliance into competitive advantage

Fri, Nov 2, 2018 @ 03:00 PM / by John Froelich posted in financial transformation, Thought Leadership

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:

  1. Predictive accounting – using accounting to predict revenue.
  2. Machine learning in finance and accounting.
  3. 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.

Read More

Compliance Doesn't Have to Be Overwhelming

Tue, Oct 30, 2018 @ 05:17 AM / by Bramasol Financial Transformation Team posted in financial transformation, Thought Leadership

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.

Read More

Executive Round-table on Financial Transformation in Boston on Nov. 29

Mon, Oct 22, 2018 @ 10:22 PM / by Bramasol Financial Transformation Team posted in financial transformation

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.

Read More

According to Compliance Week, RevRec Still Has a Ways to Go

Tue, Oct 16, 2018 @ 10:02 AM / by Bramasol RevRec Team posted in Revenue Recognition, revrec hot-tips, ASC606, Hot Tips

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 calendar year accounting have now completed two quarterly filings under the new standards but the first year-end filing under the new standard is still some months away.

Some highlights from the article include:

Read More

eBook - S/4HANA is the Future: Understanding Why and How to Get There

Fri, Oct 12, 2018 @ 07:46 AM / by Bramasol Financial Transformation Team posted in CFO, financial transformation, Financial Innovation, S/4HANA, Thought Leadership

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.

Read More

Celebrate AP Recognition Week by Learning How Concur and S/4HANA can Streamline Expense Management

Tue, Oct 9, 2018 @ 09:40 AM / by Bramasol Financial Transformation Team posted in FinancialTransformation-Hot-Tips, S/4HANA, Hot Tips

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.

Read More

New RevRec Analytics and Disclosure App

Tue, Oct 2, 2018 @ 03:07 AM / by Bramasol RevRec Team posted in analytics, Revenue Recognition

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 is available for purchase through the SAP App Center.

Read More
DSE Webcast
Download eBook - Transitioning to ASC 842: Why Robust Analytical Reporting Tools will be a must for all Entities

Subscribe to Email Updates

Recent Posts