Consumption, usage and recurring revenue models are very popular in today’s business climate.  To be successful, these business models require integration and coordination among your key business systems from the front-end to the back-end. Before rolling out these revenue models, it is often useful to take a  step back and reimagine how these revenue models, business strategies, and business systems should all be aligned and deployed for the best results. 

In 2018, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) announced the release of new accounting standards, ASC 842 and IFRS 16, that redefined how organizations must account for leases.

These new leasing standards represent more than just an accounting change, with far-reaching and profound implications on lease/buy decisions, internal process coordination and financial reporting.  Effective lease management must go beyond a one-time compliance perspective by enabling both ongoing management of lease changes and seamless integration with associated finance processes.

This new episode in our ongoing series on the Digital Solutions Economy (DSE) provides an overview of how DSE is impacting the Telecom industry.  Previous episodes in this series include:

Since the release of new lease accounting standards ASC 842 and IFRS 16 in 2018, companies have taken a variety of approaches to comply, but many are now aiming to optimize their lease accounting processes for efficiency and long-term manageability. It is becoming clear that standalone software and offline spreadsheets cannot provide the level of financial integration needed to go the distance for supporting a robust Comply, Optimize, and Transform journey.

As we come to the end of another eventful year, it is a good time to look ahead at the key trends to watch in 2023.  The five areas discussed below will  be at the forefront for most companies as C-suite leaders look for ways to maximize growth and profitability in the new year and beyond.

SAP Revenue Accounting and Reporting (RAR) provides market leading capabilities within the overall Automated Revenue Management portfolio of solutions, which are available in the SAP S/4HANA enabled Intelligent Enterprise.

This new episode in our ongoing series on the Digital Solutions Economy (DSE) provides an overview of how DSE is impacting the Media and Entertainment industry.  Previous episodes in this series include:

This new episode in our ongoing series on the Digital Solutions Economy (DSE) provides an overview of how DSE is impacting the semiconductor industry.  Previous episodes in this series include DSE in the Medical Device industry, DSE in Utilities industry, DSE in the Energy Sector, and DSE in Transportation.

Bramasol is proud to be a Gold Sponsor of the TA Cook International Conference on BRIM in Chicago, October 26-27, 2022.

This one-of-a-kind conference features industry leaders sharing how the SAP Billing and Revenue Innovation Management (BRIM) portfolio elevates customer lifetime value, enables predictable recurring revenue, and drives efficiency in the entire quote-to-cash process.

This new episode in our ongoing series on the Digital Solutions Economy (DSE) provides an overview of how DSE is impacting the transportation industry.  Previous episodes in this series include DSE in the Medical Device industry, DSE in Utilities industry, and DSE in the Energy Sector.