There has been a lot of focus recently on supply chain issues because of the global challenges from the pandemic, conflict in Ukraine, and economic uncertainties. However, the supply chain is only a part of the overall picture that companies need to consider for fueling sustainable business success. This blog post zooms out for a more holistic view of the entire Value Chain, which encompasses the full gamut of enterprise-wide processes.
One important side effect of the ongoing trend toward globalization is the need to comply with a range of different accounting principles as well as with disparate reporting and compliance mandates. For example, a company with branches doing business in the United States and the European Union will need to comply with both GAAP and IFRS accounting principles. They also likely will face different taxation structures for specific countries or even local jurisdictions.
Furthermore, these challenges are not a "one-off" proposition because the need to serve disparate accounting and reporting requirements repeats itself for every periodic closing process including monthly, quarterly and annual reporting.
This new installment in our ongoing series on the Digital Solutions Economy (DSE) focuses specifically on the importance of Entitlement Management.
In too many instances, as CIOs and CFOs implement new software to improve finance processes, the expediency of getting systems up and running quickly can create isolated silos of inefficiency across the enterprise-wide technology landscape.
The resulting build up of patchwork software systems is sometimes referred to as "Digital Debt". As with real world debt, Digital Debt must be serviced with high on-going costs; primarily in the form of low productivity, time-consuming data reconciliation, lack of end-to-end visibility and continuous maintenance updates.
Integrated Financial Planning and Analysis (FP&A) is Key to Success in The Digital Solutions Economy
As detailed in numerous previous blog posts in this series, the Digital Solutions Economy™ (DSE) is creating sweeping change and new opportunities for companies in a wide range of markets.
This episode focuses on how DSE business models present new challenges with regard to Financial Planning & Analysis (FP&A) processes, which require enhanced agility, scalability and end-to-end integration to handle DSE's inherently dynamic requirements.
During the past few years, supply chain challenges have surged to the front-of-mind for an increasingly wide number of people. Supply issues that used to be of concern mostly to behind-the-scenes experts in logistics, transportation and inventory management have now become catch phrases for the mainstream media, retail shoppers and virtually anyone who is faced with empty store shelves or long delivery times.
Supply chain transformation was previously identified as one of the Five Key Trends to Watch in 2022 and, if anything, it has become even more crucial in the first few months of the new year.
This important issue was previously explored last year in Are You Ready for "Carbon Accounting" Compliance? and also identified as one the Five Key Trends to Watch in 2022. A subsequent blog post specifically addressed How Can Carbon Accounting Impact the Value of M&A Deals?
This episode in Bramasol's continuing series on the Digital Solutions Economy™ focuses on the business model called Anything-as-a-Service (XaaS), which is also sometimes referred to as Everything-as-a-Service. As discussed below, the next wave of XaaS will have benefits for both end customers and companies providing products and services.
Carbon Accounting was previously identified as one of the Five Key Trends to Watch in 2022, and the compliance implications were explored in this blog post Are You Ready for "Carbon Accounting" Compliance?
This update provides a focused look on how Carbon Accounting and overall Environmental, Social and Governance (ESG) practices can significantly impact companies on both sides of Merger and Acquisition (M&A) deals. See the Microsoft and Activision example below.
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.