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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 S/4HANA, FinancialTransformation-Hot-Tips

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FinancialTransformation-HotTipThe 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.

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As you celebrate, why not take a little time to prepare for the future of AP and expense management by learning more about how the combination of SAP Concur with S/4HANA and other best-of-breed apps can transform and streamline your AP operations.

Control your finances with end-to-end, automated data synchronization between SAP Concur and your SAP
business applications on SAP ERP and SAP S/4HANA. Integrating the world’s most powerful spend
management tool with your SAP business applications means you can more effortlessly and accurately manage expenses to get a complete view of your finances in one place. SAP Concur automates and connects the entire spending process—from pre-spend approval to reconciliation, reporting and analytics—right into your SAP systems.

SAP Concur is a key element within the overall intelligent SAP Digital Core that forms the heart of business optimization going forward. 

As a leader in helping companies with their overall Finance Transformation initiatives, Bramasol has been developing a range of specific entry-point methodologies, such as expense optimization with Concur, that can provide "on-ramps" to S/4HANA without taking on too much in the beginning.  By integrating with SAP Analytics Cloud and other best-of-breed applications, companies are able to streamline this key operational area while also laying the foundation for broader transformation opportunities.

 

SAPIntelligentDigitalCore

To help you get the complete picture and lay out a road-map forward, we're offering these two important ebooks in one download.

  • Native Integration of Expense Management with S/4HANA, Concur and SuccessFactors
  • Integrate best-in-class SAP Applications with SAP Concur Expense Professional

 Two eBooks on Concur, S/4HANA and Integration of Expense Management Download Here

 

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New S/4HANA version 1809 Released to General Availability

Tue, Sep 25, 2018 @ 12:56 AM / by Bramasol Financial Transformation Team posted in S/4HANA, FinancialTransformation-Hot-Tips

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FinancialTransformation-HotTipToday marks a key milestone in the evolution of S/4HANA with the release to general availability of SAP S/4HANA 1809.  As a co-innovation partner with SAP, Bramasol is pleased to offer our help and expertise on mapping out and fulfilling your journey to SAP S/4HANA.

S/4HANA embodies these four characteristics that are the basis for a digital core:

  1. An architecture that delivers a scalable foundation to transact at highest possible automation
  2. A system that supports and steers the business using real-time embedded analytics, simulation, prediction, and decision support to run live business
  3. An end-to-end experience that allows to be faster implemented, consumed, and adapted
  4. An open architecture to allow connectedness and adoption of micro-services

S/4HANA 1809 continues to build out these three ingredients to make the digital core intelligent:

  1. A digital age UX, or more precisely a conversational user interface and natural language interaction which allow us to target a hands-free ERP by 2020
  2. Automation of business processes: We strive for an automation of 50 % of all ERP business processes within the next three years. This automation mainly addresses companies´ bottom lines and helps saving costs.
  3. The next generation of business processes: While providing a streamlined architecture and technology that did not exist before, we want to target the top line increase by providing the infrastructure to completely rethink value creation and service tasks.

S4HANA_IntelligentSuite

 

Watch this brief video to learn more.

Read the full blog post from SAP here.

To learn more about S/4HANA, read the latest eBook from Bramasol.

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

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Join Bramasol at SAP Controlling Conference in San Diego, CA Sept. 17-20, 2018

Tue, Aug 7, 2018 @ 05:54 AM / by Bramasol Financial Transformation Team posted in FinancialTransformation-Hot-Tips, SAP Controlling, SAP Events, S4HANA

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FinancialTransformation-HotTipPlan ahead to join Bramasol and other SAP Professionals at SAP Controlling 2018 conference in San Diego, CA on September 17-20, 2018.

Attend detailed sessions on SAP management accounting including the latest functionality such as S/4HANA. Attendees include end-users, managers, Controllers, CFO's and consultants dealing with master data, transactions, configuration, and reporting for managers.

Conference tracks are grouped together by type of session, as follows:

CTA Controlling-1
  • SAP Reporting/SAP Planning
  • SAP Controlling
  • SAP Product Costing
  • SAP S/4HANA / SAP Material Ledger

Bramasol is proud to be a participating sponsor of SAP Controlling 2018 and we're looking forward to sharing our latest financial controlling and compliance solutions along with hands-on demos of our transformational analytics and S4HANA capabilities.

 

Click here to book a meeting with Bramasol experts at SAP Controlling 2018

 Join Bramasol at SAP Controlling conferance San Diego Sept 17-20 2018

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Seven Lessons Learned from Adopting RevRec Standards

Tue, Jun 19, 2018 @ 04:02 AM / by Bramasol Compliance Team posted in FinancialTransformation-Hot-Tips

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IgnitePossible-HotTip200x130A recent article in Accounting Today provides an interesting look back at lessons learned during the adoption of new Revenue Recognition standards, along with analysis of the implications for similar upcoming projects, such as implementation of new Lease Accounting standards.

Some key points in the article include:

"Public companies with a December 31 year-end have recently completed months-long (if not years-long) efforts on the adoption of ASC Topic 606, “Revenue from Contracts with Customers” (Topic 606). The adoption of Topic 606 has been one of the most time-consuming accounting projects taken on by most companies since Sarbanes-Oxley Act Section 404 over a decade ago. As Topic 606 effectively replaces all legacy GAAP rules around revenue recognition, it has far-reaching implications for all companies in all industry types.

Topic 606 is one of many planned changes in accounting literature that companies will be required to implement in the next few years. In the immediate horizon, Update 2018-01 – “Leases” (Topic 842) looms, which is applicable for most entities beginning in 2019. Similar to Topic 606, the provisions of Topic 842 are expected to have an impact on most companies from all industries. Accordingly, management should expect comparable obstacles in its adoption."

The article also notes that nearly half of private companies are still in the assessment phase of implementing the standard:

AccountingToday-SevenRecRecLessons

The seven Lesssons Learned and discussed in the Accounting Today article include:

  1. Planning
  2. Time
  3. Knowledge and Resources
  4. Internal Controls
  5. Disclosure
  6. Auditor Input
  7. Costs

Click here to read the full article in Accounting Today.

 

 

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New Webinar Series: Demystifying the SAP Cloud Platform

Tue, May 8, 2018 @ 06:39 AM / by Bramasol Financial Transformation Team posted in finance innovation, FinancialTransformation-Hot-Tips

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A recent blog post by Bramasol CEO Dave Fellers posed this important question: "How does a company go about getting targeted cost-effective compliance in the near-term along with a transformative path forward to overall Finance Innovation?"

He also explained that "for companies that are already invested in SAP technologies, the answer is S/4HANA and S/4HANA Cloud."

Looking at the SAP roadmap, it is clear that S/4 HANA is the future for all SAP-based companies and that virtually everyone will undertake migration projects to implement S/4 HANA over the next two to three years.

Given the reality of S/4 HANA as the core SAP technology platform, with the excellent and cost-effective S/4 HANA Cloud functionality available right now, Bramasol believes in charting a path that takes maximum advantage of today’s compliance-driven requirements to usher in tomorrow’s financial transformation.

The SAP Cloud Platform is SAP’s platform-as-a-Service allowing companies to extend and personalize on premise or cloud apps, build new and differentiating apps or integrate and connect cloud and on-premise apps to make digital access simple and streamlined.

Join SAP for this new six part webinar series to hear from SAP experts and third party analysts on key topics to help demystify and clarify many aspects of the SAP Cloud Platform that in turn will lead you to make more informed and accurate decisions as you continue your journey to the cloud. 

The webinar topics are as follows:

Discover How to Solve Business Problems Faster with SAP Cloud Platform 
Date: Wednesday, May 9, 2018
Time: 8:00 a.m. PDT / 11:00 a.m. EDT

Discover why SAP Cloud Platform stands out from the pack
Date: Thursday, May 24, 2018
Time: 8:00 a.m. PDT / 11:00 a.m. EDT

How SAP Jam can help modernize your intranet quickly and accelerate time to value
Date: Thursday, June 14, 2018
Time: 8:00 a.m. PDT / 11:00 a.m. EDT

Key considerations in choosing data persistence options in SAP Cloud Platform
Date: Thursday, June 28, 2018
Time: 8:00 a.m. PDT / 11:00 a.m. EDT

The Apple/SAP Partnership: Delivering Next Gen Intelligent Apps for the Enterprise
Date: Thursday, July 12, 2018
Time: 8:00 a.m. PDT / 11:00 a.m. EDT

Myth busting: Separate fact from fiction when considering your SAP cloud journey
Date: Thursday, July 26, 2018
Time: 8:00 a.m. PDT / 11:00 a.m. EDT

We urge you and your staff to attend one or more of these webinars to build a better awareness of the opportunities available with S/4HANA Cloud Platform. Click here to register for SAP Cloud webinars.SAP Cloud Platform webinar series

In the meantime, if you want some personalized help to understand specifically how these technologies can be applied to your business, click here to request a consultation and S/4 HANA demo from Bramasol experts.

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Financial Transformation is Vital for High-Tech Industries

Sun, Mar 4, 2018 @ 01:38 PM / by Bramasol Financial Transformation Team posted in FinancialTransformation-Hot-Tips, high-tech industries

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FinancialTransformation-HotTip.jpgHigh-Tech companies face a number of key challenges that can be addressed by Financial Transformation Initiatives.

Some of the most important issues include:

Improving Customer Engagement:
Most high tech companies need to manage either B2C or B2B relationships. It is increasingly clear that achieving success in both of these areas requires similar approaches to meet escalating expectations of both businesses and consumers for immediacy, accuracy and responsiveness.

Legacy approaches using manual intervention and/or cumbersome processes can no longer fulfill these expectations so high-tech companies are looking toward integrated solutions to provide accurate, real-time management of order delivery, returns, promotion marketing, and customer service.

Increasing Product Profitability:
Tracking product profitability is vital to business success and ensuring that profitability is tracked accurately in a timely manner can be a complex challenge. With legacy systems, accurate analysis is difficult and again can be manually intensive to pull and reconcile data from multiple sources. Creating a single-source-of-truth through Financial Transformation improves both speed and accuracy, making profitability analysis a routine element of on-going operations to assure agility for achieving business goals. 

Managing Inventory and Distribution Costs:
Inventory and distribution costs are too often viewed in the rear view mirror. Being able to be able to manage costs and to be able to fulfill customer demands requires accurate predictive analysis to manage the balance between meeting demand and controlling costs.

Streamlining Operational Processes:
Challenges in accessing common information across the entire organization and integrating communications between different organizations within your business and with vendors have often proved seemingly insurmountable. These challenges prevent businesses from working at their most efficient and can significantly affect the financial closure process.  Here again, establishing a unified single-source-of-truth with consistent data across all processes enables more nimble, accurate and timely results for the entire enterprise.

Optimizing Cash Generation:
Being able to effectively manage your cash flow both in and out is critical to the health of your business. As high tech industries are characterized by large volumes of transactions for suppliers and customer billings these processes need to be considered as a single flow.  Integrated systems within a seamlessly unified financial environment provides a much clearer big-picture view of all cash flows, along with predictive analytics capabilities to assure optimal cash management.

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Overcoming the above challenges requires a comprehensive Financial Transformation strategy that incorporates these three key elements:

  • Real Time Analytics
  • Integrated Business Planning
  • Integrated and Adaptive Communications structures 

Combining these elements within a unified system based around a single-source-of-truth can provide high-tech businesses with the ability to move seamlessly from “insight to action” in real time.

Integrated operational processes are critical to the survival of High tech businesses. Being able to operate these processes in a fully integrated way enables businesses to respond to market forces in real time and more accurately predict market needs going forward.

For more information, visit Bramasol's Financial Transformation resources online.

 

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Start a Free Trial of S/4HANA Cloud

Mon, Feb 12, 2018 @ 05:38 PM / by Bramasol Financial Transformation Team posted in FinancialTransformation-Hot-Tips

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Start your SAP S/4HANA experience with a free, 14-day trial.  

FinancialTransformation-HotTip.jpg

SAP S/4HANA is the next generation business suite designed to help you run simple in the digital economy. With this new trial, you will discover the value of simplicity across concrete roles and predefined scenarios:

  • Production Planner: Manage forecasted demand, monitor & manage material shortages, and schedule MRP runs
  • Project Manager: Easily create, plan, staff, and bill customer projects
  • Cash Manager: Efficiently monitor and analyze cash position, make and track bank transfers
  • General Ledger Accountant: Effortlessly review financial statements, account balances, and individual line items
  • Accounts Receivable Accountant: Quickly process incoming payments, collect cash, and clear customer accounts
  • Accounts Payable Accountant: Efficiently review and manage vendor accounts and invoices
  • Accounts Receivable Manager:: Easily manage and monitor a company's accounts receivables
  • Purchaser: Easily create a purchase order, post a goods receipt, and create an invoice
  • Sales Representative: Reviews sales orders, identify problems, and analyze options for resolution
  • Quality Inspector: Verify the quality of inspection lots and take usage decisions
  • Asset Accountant: Display the asset master worklist and check fixed asset details

As a co-innovation leader with SAP and the premiere resource for RevRec, Leasing and Financial Innovation solutions, Bramasol is geared to deliver results for the Office of the CFO and across the entire enterprise. Start your free trial and we can help you get started on your journey to new levels of productivity, user engagement and improved business results.Start Your Free Trial Now SAP S4HANA 14 day free trial Bramasol TuesdayTip-1.jpg

Click here to start your free trial of S/4HANA Cloud

 

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Video: SAP Cloud Analytics Overview

Sun, Feb 4, 2018 @ 07:49 AM / by Bramasol Financial Transformation Team posted in FinancialTransformation-Hot-Tips

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FinancialTransformation-HotTip.jpgAs a leading co-innovation partner with SAP, Bramasol has been at the forefront of implementing real-world applications of SAP Cloud Analytics across a variety of business scenarios.

SAP Cloud Analytics enables C-level executives and other staff to Discover, Analyze, Plan, Predict, and Collaborate in one integrated experience designed expressly for the cloud.

This allows you to access all data in one location and embed analytics directly into business processes to turn instant insight into quick action.

Key features of SAP Cloud Analytics include:

  • Cloud deployment
  • Real-time analytics
  • Ad-hoc queries
  • Collaboration tools
  • Access on-premise and cloud data
  • Explore, discover, visualize, and communicate data
  • Discuss and share insights in context
  • Gain access to real-time business intelligence

This short video provides an overview of SAP Cloud Analytics and shows the key components of the tool with a high-level view of how stories load into SAP Digital Boardrooms.  Please also look forward to new videos coming soon describing how SAP Cloud Analytics can integrate multiple data sources to provide high-level reporting along with drill-down capabilities for detailed content and context.

Click here or below to watch the video.

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Read the CFO's Guide to Financial Transformation

Mon, Jan 15, 2018 @ 12:23 PM / by Bramasol Financial Transformation Team posted in FinancialTransformation-Hot-Tips

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FinancialTransformation-HotTip.jpgCorporate finance professionals face many challenges. They need to reduce the amount of time spent on inefficient month-end/year-end closing processes, improve their ability to extract timely and accurate financial information and streamline overall operational end-to-end business processes.

On the regulatory front, CFOs also must deal with, Revenue Recognition Changes (ASC 606 and IFRS 15), Lease Accounting Changes (ASC 842 & IFRS 16), Financial Instruments Impairments & Disclosures (IFRS 9) as well as on-going changes in the global regulatory environment.

The accelerating set of new challenges and changing compliance requirements threatens to overwhelm the inherent limitations of existing legacy finance and ERP systems. As companies undertake Financial Transformation to improve their ability to be nimble, react quickly and take advantage of market trends, several key things are emerging:

  • Drive to continuous close
  • Consolidation of data sources for reporting
  • Improved visibility for compliance with new standards for Revenue Recognition, Leasing and Financial Impairments
  • Real-time cash management

Some of the key Financial Transformation opportunity areas include: 

  • New-generation architectures, such as SAP S/4HANA, that combine core ERP & Finance systems with plug-in modular best-of-breed capabilities for revenue recognition, leasing, ecommerce, HR, travel, supply chain management, and more.
  • A “single-source-of-truth” approach that avoids discussions of who’s data is right, thereby enabling much faster and better tactical decision-making.
  • Cloud-based implementation options that can greatly reduce time-to-operation and which integrate seamlessly with in-house implementations to enable cost optimization along with flexibility and scalability to support growth.
  • Advanced real time analytics and user interface (UX) technologies that can access information throughout the unified systems and provide easily tailored comprehensive reporting for ongoing management or ad hoc decisions.

Corporate finance professionals depend on the technologies and tools that provide critical information they need to drive timely decisions and to anticipate emerging issues that could impact the business.

By leveraging the in-memory data and processing capabilities of the SAP S/4HANA architecture and S/4HANA Cloud deployment scenarios, CFOs can seamlessly unify their information landscape to remove the gaps and ease the pain-points arising from the artificial segmentation of information.

Instead of always grappling with reassembling disparate pieces of the picture this "single-source-of-truth" approach enables CFOs and staff throughout the company to see a holistic real-time view that encompasses all operational data sets and analysis capabilities within a single unified architecture. In addition to improving both the access to and the ability to manipulate information, S/4HANA also dramatically improves real-time analytics performance because nothing must be moved, massaged or reconciled before the analysis.

To learn more, read the CFO's Guide to Financial Transformation

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Accelerate Expense Management with Financial Transformation in the S/4HANA Digital Core

Tue, Dec 19, 2017 @ 06:01 AM / by Bramasol Financial Transformation Team posted in FinancialTransformation-Hot-Tips

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FinancialTransformation-HotTip.jpgThe SAP Digital Core is built around the S/4HANA architecture, which combines in-memory data and processing capabilities for maximum performance and scalability, along with a consistent interface for integrating virtually any other applications. Using S/4HANA Cloud, CFOs can seamlessly unify their information landscape to remove gaps and ease the pain-points arising from the inefficient segmentation of information.

This new eBook provides an overview along with a step-by-step use-case example showing the seamless interaction of SAP S/4HANA Cloud ERP with SuccessFactors and Concur. This example follows the process of setting up a newly hired employee in SuccessFactors and then shows how that employee uses Concur to record their travel expenses to attend an orientation session.

The process illustrates how the S/4HANA Cloud platform provides a centralized single-source-of-truth to synchronize activities in these native best-of-breed applications.

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Important benefits of this Digital Core integration include:

  • Synchronization of related processes using a common data set
  • Acceleration of processing steps by eliminating re-entry of data
  • Reduction of the risks of errors and inconsistencies between applications
  • Improvement of visibility and auditability for enhanced control

In summary, the seamless interaction between SuccessFactors, Concur and S/4HANA Cloud in the Digital Core provides an integrated process for carrying out these related activities within a single unified data environment and without having to unnecessarily re-enter data or reconcile separate applications.

Click Here to Download the eBook Expense Management with S/4HANA Cloud, Concur and SuccessFactors.

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New eBook: S/4HANA is the Future: Understanding Why and How to Get There Download Now
Download the eBook: Transitioning to ASC 842 using the Portfolio Approach to Group Leases

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