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Navigating Digital Transformation for Life Sciences Companies

Fri, Sep 27, 2024 @ 06:40 AM / by David Fellers posted in S/4 HANA Cloud, CEO perspective, Life Science

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.

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Are Your Compliance Processes Keeping Up with Evolving Audit Requirements?

Mon, May 13, 2024 @ 08:38 AM / by David Fellers posted in Professional Services, Revenue Recognition, SAP RAR, Thought Leadership, Accounting Advisory Services, SAP GROW, High Tech, Semi Conductor, Software, Media, Life Science, Health, PharmaCeutical, PCAOB

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. 

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How SAP's Sustainability Solutions Align with the Changing ESG Landscape

Tue, Apr 16, 2024 @ 05:59 AM / by David Fellers posted in Professional Services, CEO perspective, Thought Leadership, carbon accounting, ESG, High Tech, Semi Conductor, Software, Media, Life Science, Health, PharmaCeutical, Sustainability

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. 

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New SAP AI Initiatives Will Enhance Order-to-Cash to Compliance Processes

Mon, Apr 15, 2024 @ 01:14 PM / by David Fellers posted in Professional Services, CEO perspective, Thought Leadership, AI, Digital Solutions Economy, Order to cash, quote to cash, Semi Conductor, Software, Media, Life Science, Health, PharmaCeutical, BRIM

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.

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Webinar- Demystifying SAP FI-CA for Handling High Volume and Velocity of Transactions in DSE

Mon, Apr 15, 2024 @ 01:29 AM / by John Froelich posted in Professional Services, webinar, SAP, AI, sapinsider, Digital Solutions Economy, DSE, Order to cash, quote to cash, Recurring Revenue, CBRR, High Tech, Software, Media, Life Science, PharmaCeutical, BRIM, SAP FICA

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.

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Webinar- Optimizing Order-to-Cash to Compliance with AI

Fri, Mar 15, 2024 @ 02:46 AM / by John Froelich posted in Professional Services, webinar, AI, subscribtion model, sapinsider, DSE, Order to cash, quote to cash, Recurring Revenue, High Tech, Semi Conductor, Software, Media, Life Science, Health, PharmaCeutical, BRIM

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.

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How SAP ERP Clean Core Helps Minimize Digital Debt and Enhance Agility

Thu, Mar 7, 2024 @ 03:18 PM / by David Fellers posted in Professional Services, CEO perspective, Thought Leadership, digital debt, RISE with SAP, clean core, High Tech, Semi Conductor, Software, Media, Life Science, Health, PharmaCeutical, Automotive

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.

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Latest Updates and Insights on SAP RISE and GROW

Thu, Feb 29, 2024 @ 06:30 AM / by David Fellers posted in Professional Services, Revenue Recognition, S4HANA, AI, SAP GROW, High Tech, Semi Conductor, Software, Media, Life Science, Health, PharmaCeutical, SAP Rise

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.

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Optimizing Order-to-Cash-to-Compliance for SaaS Offerings

Thu, Jan 18, 2024 @ 08:50 AM / by David Fellers posted in SaaS, Professional Services, Digital Solutions Economy, DSE, Order to cash, quote to cash, EBRR, High Tech, Semi Conductor, Software, Media, Life Science, Health, PharmaCeutical, BRIM

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.

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