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Next RevRec Summit in New York, Sept 17th

Wed, Sep 9, 2015 @ 10:47 AM / by Bramasol RevRec Team posted in Revenue Recognition, SAP Revenue Accounting and Reporting

As the leader in SAP Revenue Accounting and Reporting, Bramasol's CEO, David Fellers, will be speaking at the upcoming  EY/SAP Revenue Recognition Summits Series. The EY/SAP Summits focus on how we’re working together to help educate companies about the impact of the new standard on systems and processes.

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RevRec Ready - Hot-Tip #7 Use Business Rules Framework (BRF+)

Wed, Sep 9, 2015 @ 10:08 AM / by Bramasol RevRec Team posted in Revenue Recognition, SAP Revenue Accounting and Reporting, revrec hot-tips

BRF+ (Business Rules Framework+) is the method of choice to process rules in SAP.

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RevRec Ready - Hot-Tip #6 Don't rush to simplify too soon

Wed, Sep 2, 2015 @ 07:18 AM / by Bramasol RevRec Team posted in Revenue Recognition, SAP Revenue Accounting and Reporting, revrec hot-tips

Find and resolve issues before moving to the next steps 

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RevRec Ready - Hot-Tip #5 Model a Range of Scenarios

Tue, Aug 25, 2015 @ 03:55 PM / by Bramasol RevRec Team posted in Revenue Recognition, SAP Revenue Accounting and Reporting, revrec hot-tips

Model a Range of Different RevRec Scenarios.

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RevRec Ready - Hot-Tip #4 RevRec Projects Need a Structured Approach

Wed, Aug 19, 2015 @ 06:26 AM / by Bramasol RevRec Team posted in Revenue Recognition, SAP Revenue Accounting and Reporting, revrec hot-tips

Revenue recognition projects only succeed if they follow a solidly structured approach.

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RevRec Summit Held in Dallas Today: Next Up in Houston on August 20

Wed, Aug 12, 2015 @ 03:57 PM / by Bramasol RevRec Team posted in Revenue Recognition, SAP Revenue Accounting and Reporting

The RevRec Summit held in Dallas, TX on August 12th by SAP, EY and Bramasol was a great success, with more than 30 attendees from companies spanning a variety of industries.

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RevRec Ready - Hot-Tip #3 It's not just an Internal Effort

Tue, Aug 11, 2015 @ 06:10 PM / by Bramasol RevRec Team posted in Revenue Recognition, SAP Revenue Accounting and Reporting, revrec hot-tips

You need to consider the needs of people beyond just your in-house users; especially the auditors.

External auditors, who themselves in many cases are uncertain how to interpret the new rules, will have to sign off on the changes.  So you need to make it easy for external auditors to understand your process and decisions.
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RevRec Ready - Hot-Tip #2 Start with Revenue Accounting

Tue, Aug 4, 2015 @ 07:28 AM / by Bramasol RevRec Team posted in Revenue Recognition, SAP Revenue Accounting and Reporting, revrec hot-tips

RevRecReady-HotTipThe first step to success is revenue accounting.

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Achieving Success with SAP RevRec, Part 3: Structured Approach

Wed, Jul 29, 2015 @ 11:30 AM / by Hans Christian Metz posted in Revenue Recognition, SAP Revenue Accounting and Reporting

It’s a joint effort – Part 3 - Using a Structured and Phased Approach

Revenue recognition projects will only succeed if they follow a solidly structured approach. At Bramasol, we have found that one of the aspects causing confusion – in addition to the already complex subject matter – is lack of understanding how to best introduce the SAP Revenue Accounting and Reporting module to an organization, how to prepare good decisions, and when to take those decisions.

Both for consultants, as well as for customers, it is necessary to develop, coordinate, and manage expectations to the benefit of the project.

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