As discussed in previous blog posts, The Digital Solutions Economy™ (DSE) is radically disrupting business models across many industries. These new engagement scenarios give customers more choices, with offerings like subscriptions, usage-based billing, entitlements, bundling of products with services, and other multi-faceted relationships.
As we near the end of yet another tumultuous year and acknowledge that even the best predictions do not always align with how reality unfolds, it is still a good opportunity to look ahead at some of the key trends that are most likely to have big impacts on 2022.
From Bramasol's perspective as a leading SAP partner creating business management, finance, and compliance solutions for over 25 years, here are five major areas that we are watching closely and helping our clients prepare to deal with in the coming year - and beyond.
As discussed in previous blog posts, the The Digital Solutions Economy™ (DSE) is continuing to disrupt conventional customer engagement business models by shifting away from one-off sales transactions and toward subscriptions, bundling and multi-faceted relationships. DSE is already transforming many B2C markets and is also rapidly making inroads into B2B scenarios as well.
This new installment in our on-going DSE series focuses on the overarching issues regarding how DSE is radically changing the nature of data flows that must be handled while at the same time driving up the importance of real-time responsiveness.
These impacts on data levels and flows can be grouped into four key dimensions of Volume, Velocity, Density, and Complexity.
Most corporate leaders are already familiar with "environmental, social and governance reporting" often referred to as ESG.
However, for the past couple of decades, ESG has typically consisted of producing an annual glossy Corporate Responsibility Report that discussed various initiatives in descriptive terms across areas such as energy usage, waste stream mitigation, labor practices, community programs, charitable giving, etc. While these reports represented an important element for communicating a company's corporate-citizenship vision and were also positive public relations initiatives, for the most part they did not contain a lot of hard, auditable data.
As the world has become more serious about mitigating climate change and the issue of corporate responsibility moves to the forefront, ESG reporting is now shifting toward a more rigorous approach that is increasingly based on accounting disciplines and auditable practices. In the area of climate change, this is often referred to as "carbon accounting".
As one of SAP's longest serving partners, Bramasol has seen and participated in many major changes during our 25 years of working in the SAP ecosystem. When we express how excited we are with the new RISE with SAP initiative that was launched in Q1 2021, it comes with that deep history and perspective in mind.
Did you hope that the whole Revenue Recognition change process was really behind you? Most companies have already spent significant time, effort and resources to comply with ASC 606 / IFRS 15 accounting requirements in one way or another. It's natural to yearn for closure and move on to other issues.
But there are some very compelling reasons why you should revisit your RevRec processes, with an eye toward the future and within the context of the Comply, Optimize, Transform™ paradigm.
Let's take a look at three major areas of opportunity for leveraging RevRec as a key driver for improving your overall business processes, productivity and agility going forward.
This new installment in our on-going series on The Digital Solutions Economy™ (DSE) focuses on the key role that embedded analytics plays in overall DSE success.
This continuing blog series on the Digital Solutions Economy™ (DSE) previously has explored:
- The Digital Solutions Economy is More Than Subscriptions. Will You Be Ready?
- Managing Payments and Collections in the Digital Solutions Economy
- Finance, Treasury and Working Capital Considerations for the Digital Solutions Economy
- Disruption is Happening for Consumer Products Companies. How Should You Deal with It?
In this new post, we will look deeper at the challenges and key factors for success with regard to management of supply chain and logistics processes as part of a holistic approach to DSE.
In past blog posts, we have explored how Treasury Integration is Key to Optimizing Digital Transformation and have covered the Digital Solutions Economy (DSE) from several different perspectives. In this post we'll take a look at how DSE is impacting various aspects of Treasury Management and explore the implications from a treasury perspective.
Optimize Real Estate Management with Integrated SAP Lease Accounting Solutions - Get a Health Check to Learn How
For most companies, real estate represents one of the largest investment and expense categories on their balance sheets and P&L reports. Regardless of whether their real estate assets are owned or leased, effective management of the real estate portfolio is a key factor for managing bottom line results and achieving business goals.