As a leader in compliance and finance innovation, Bramasol has introduced a new purpose-built CLM Rapid Solution that enables companies like you to quickly get up and running for ASC 842 or IFRS 16 compliance. It leverages the power of the industry’s leading leasing solution, SAP CLM, and combines it with Bramasol’s deep experience to provide a quick start that can get you up and running in 8 weeks instead of months or years and for a price that you can afford.
New purpose-built CLM Rapid Solution for Lease Accounting Standards ASC 842 and IFRS 16
Tue, Jun 2, 2020 @ 08:38 AM / by Bramasol posted in IFRS16, Leasing Solution, ASC 842, sap clm
Podcast- Improving Cash Flow and EBITDA with Active Lease Management
Mon, May 18, 2020 @ 09:32 PM / by David Fellers posted in SAP, ASC842, SAPLeaseAdmin, IFRS16, Leasing Solution, podcasts, SAPCLM
Listen to our latest Podcast on Improving Cash Flow and EBITDA with Active Lease Management. During this podcast, John Froelich, Bramasol VP of Marketing and Strategy, discusses Active Lease Management and explains how it can improve visibility of lease portfolios and cash flow along with enhancing financial performance.
Podcast- ASC 842 Compliance for Private Companies
Thu, Jan 30, 2020 @ 06:09 AM / by Bramasol Leasing Administration Team posted in SAP, IFRS16, Leasing Solution, ASC 842, Compliance, podcasts
Listen to the latest podcast in Bramasol's Insights to Action series.
In this episode, John Scott, Senior Technical Accounting Adviser at Bramasol, shares insights of ASC 842 that applies to private companies and key issues that need to be addressed in order to succeed.
eBook - Real Estate Leases Accounting and Business Considerations for Implementation under ASC 842 / IFRS 16
Tue, Jul 31, 2018 @ 04:56 AM / by Bramasol Leasing Administration Team posted in SAPLeaseAdmin, IFRS16, RLCS, Leasing Solution, ASC 842
In February 2016, the Financial Accounting Standards Board
(FASB) issued Accounting Standards Update (ASU) 2016-02 (“ASC 842”) Leases, which provides new guidelines that change the accounting for leasing arrangements. The new leasing standard becomes effective in fiscal years beginning after December 15, 2018
Transitioning to ASC 842, Where are all your company’s lease documents?
Tue, Jul 10, 2018 @ 02:33 AM / by David Ogletree posted in leasing, Leasing-Hot-Tips, IFRS16, ASC 842
The new lease accounting standard ASC 842 is effective for public companies beginning January 1st, 2019. The primary purpose of the standard was to address the fact that most operating leases are deemed off balance sheet financing arrangements and currently are only disclosed via a company’s financial footnotes in the “Commitments and Contingencies” footnote.
Companies Need Holistic Approach to Lease Accounting Compliance
Tue, Jun 5, 2018 @ 03:36 AM / by Bramasol Leasing Administration Team posted in Leasing-Hot-Tips, ASC842, IFRS16
A recent article in Accounting Today provides an excellent view of how companies in many industries are moving toward compliance with the new lease accounting standards, ASC 842 and IFRS 16.
General Availability for New Version 4.0 of SAP Lease Administration by Nakisa
Tue, May 29, 2018 @ 07:29 AM / by Bramasol Leasing Administration Team posted in Leasing-Hot-Tips, ASC842, SAPLeaseAdmin, IFRS16
Nakisa, Bramasol's partner for leasing solutions, has announced general availability of the new 4.0 version of Lease Administration by Nakisa.
New Rapid Compliance Solution for Lease Accounting Standards ASC 842 and IFRS 16
Tue, May 15, 2018 @ 12:00 AM / by Bramasol Leasing Administration Team posted in Leasing-Hot-Tips, ASC842, SAPLeaseAdmin, IFRS16, RLCS
Bramasol, the leader in compliance and finance innovation solutions, has announced a new, purpose-built product that reduces complexity and implementation costs, to give companies across a variety of industries a ready-to-deploy solution for lease accounting disclosure reporting and compliance.
Watch how Bramasol helped a Leading Multinational Retail Giant comply with Leasing Standards ASC 842 and IFRS 16
Thu, Apr 5, 2018 @ 05:50 AM / by Bramasol Leasing Administration Team posted in ASC842, SAPLeaseAdmin, IFRS16, Leasing Solution
The customer is a Leading Global Organization and Multinational Retailing Corporation with annual revenues in excess of US$480 billion and which is one of the largest private employer in the world with over 2 million employees. As an international company, our customer is impacted by the new lease regulations ASC842 and IFRS16 that will take effect from January 2019.
New eBook: Lease Admin Solutions Need Scalability, Enterprise Performance and Native Integration
Tue, Oct 3, 2017 @ 10:45 AM / by Bramasol Leasing Administration Team posted in leasing, ASC842, IFRS16, Leasing Solution
In 2016, the International Accounting Standards Board (IASB) and the Financial Accounting Standards Board (FASB) issued new standards for lease accounting: IFRS 16 & ASC 842, which must be implemented by 2019. Both IFRS 16 and ASC 842 are the result of a joint effort between the IASB and FASB to meet the objective of improved transparency, comparability and financial reporting. These changes will impact virtually all companies, whether lessors or lessees.