In my previous blog I suggested that there are three things that we must do if we are to succeed at anything.:  Focused preparation that is aligned to our corporate vision, excellence in execution and thoughtful follow through.  The crucial first steps are to create a clear vision of success and then setting goals to achieve that vision.  Embarking on any project be it a presentation or an IT project such as Revenue Accounting without a vision and roadmap/goals is insanity.  It is akin to getting in a car and driving with no destination in mind, no map, and no idea of when you plan to get there.  Then add a mud-covered windscreen and you have a recipe for disaster.

Don't be fooled by the myths about RevRec.

In many companies, decision-makers are either unnecessarily delaying the start of implementation for the new revenue recognition standard or are confused about where and how to begin. This puts them at risk for increased costs, last-minute problems and potential non-compliance.

Often the failure to get started and inability to lay out a well-structured path to success results from buying into the dangerous misconceptions that we call the “Seven Myths of Revenue Recognition”.

Learn about these myths and how to avoid being hurt by them.

Bramasol will be participating in several important Revenue Recognition and Financial Excellence forums over the next few months.  

Misconceptions Can Hurt You...

In too many companies, decision-makers are either unnecessarily delaying the start of implementation for the new revenue recognition standard or are confused about where and how to begin. This puts them at risk for increased costs, last-minute problems and potential non-compliance.

Bramasol's CEO, David Fellers joined with EY and SAP RevRec experts in presenting at the EY/SAP Revenue Recognition Summits Series on September 17, 2015, at the SAP office in downtown NY. 

Got BRIM?

As the leader in SAP Revenue Accounting and Reporting, Bramasol's CEO, David Fellers, will be speaking at the upcoming  EY/SAP Revenue Recognition Summits Series. The EY/SAP Summits focus on how we’re working together to help educate companies about the impact of the new standard on systems and processes.

BRF+ (Business Rules Framework+) is the method of choice to process rules in SAP.

Find and resolve issues before moving to the next steps