Life sciences includes a broad range of scientific fields that study living organisms and their interactions with the environment. Some of the key areas within life sciences include:

• Biology: The study of life and living organisms, including their structure, function, growth, evolution, and behavior.
• Biotechnology: The use of biological systems, organisms, or derivatives to develop or create products, often focusing on medical or agricultural applications.
• Genetics: The study of genes, heredity, and genetic variation in living organisms.
• Microbiology: The study of microorganisms, such as bacteria, viruses, fungi, and protozoa.
• Pharmacology: The study of drugs and their effects on living organisms.
• Medicine: The science and practice of diagnosing, treating, and preventing diseases in humans.

As with many other industry segments, companies in the life sciences arena are grappling with disruptive changes in their go-to-market strategies while at the same time looking to improve their business processes via digital transformation. This new Insights Post explores how the SAP ecosystem can help life sciences companies align initiatives in both of these areas with digital transformation initiatives that embrace new subscription-based revenue opportunities and simultaneously map out an optimized roadmap for moving to more efficient cloud-based ERP and overall business systems.

Discover how SAP solutions lay a solid foundation for audits and next level PCAOB or AICPA compliance reviews.

For any public company, the goal of successfully complying with periodic financial reviews by external auditors cannot be overstated. While passing each audit is a critically important milestone, companies also should understand that it is only one aspect of ensuring their financial transparency and integrity. 

This post provides a deeper look into the organizations that are overseeing your auditors and provides key insights into how your financial, compliance and reporting processes need to be robust enough to satisfy these "audit the auditors" reviews. 

With the 54th anniversary of Earth Day on April 22, 2024, now is a good opportunity to review the progress of corporate Environmental, Social, and Governance (ESG) initiatives with an eye toward the future and a review of available tools for monitoring, managing and reporting ESG information. 

Previously in this series, we have explored the big picture regarding How Generative AI is Impacting the Digital Solutions Economy. In this new post, we get more granular to provide an update on how AI and Gen AI can enhance productivity, insights, and results in finance applications such as order-to-cash to compliance (OTC²), along with a look at how new SAP AI initiatives are key to this transformation.

As the Digital Solutions Economy (DSE) has proliferated across many industries, the challenges of data Volume, Velocity, Density and Complexity have become critical for success.

In this webinar, experts from SAP and Bramasol provide a deep dive into how SAP FI-CA, with proven capabilities for contract accounting, helps to address the key Volume and Velocity issues. We will explore how FI-CA optimizes rapid processing of very high volume transaction flows by collecting, aggregating, and posting all detailed level information to the GL, while providing seamless ability to handle credit and collections. The panel will also address how FI-CA interfaces with SAP BRIM for subscriptions and with revenue compliance processes through SAP RAR’s Contract Based Revenue Recognition (CBRR) functionality.

If your company needs a way to efficiently process tens of thousands of transactions while retaining the ability to drill down and drill through to handle the details, then this is the webinar for you.  There will also be an interactive Q&A session so post your questions below or bring them to the session.

Watch our webinar as it focuses on how companies can optimize their Order-to-Cash-to-Compliance processes by combining SAP’s latest cloud-based financial solutions to enhance efficiency and drive business value. Specific topics focuses on use cases for emerging subscription-based business models and solutions such as Order to Cash/BRIM, Revenue Accounting and Reporting (RAR), and S/4HANA cloud implementations.

The discussion also includes a look ahead on how SAP’s artificial intelligence (AI) initiatives are likely to open up new opportunities for automation of key processes and decision-making to provide even higher productivity.

In addition to the presentation, this webinar includes an interactive Q&A session, Watch Now.

Recent posts in this series have provided updates on SAP RISE and GROW, with a focus on how they can help streamline the path for companies migrating to SAP public and private cloud editions.  This new episode drills down into the concept of maintaining a "clean core" in your ERP system to assure a solid foundation that minimizes unnecessary customization, which could impede organizational agility going forward.

Last year's post "Overview of GROW and RISE with SAP" was one of the most popular and widely shared episodes in this blog series and so it is now time to take another visit to these topics. In this new post, we explore both the progress SAP has made with RISE and GROW evolution and a look at the exciting opportunities going forward.

Previously in this blog series, we have discussed the impacts of the Digital Solutions Economy™ (DSE) on the software and SaaS sector. This new post provides a deeper dive into the key issues involved with optimizing end-to-end Order-to-Cash (OTC) and revenue recognition compliance for SaaS offerings.