A pioneer in electronic design and automation and with a presence in more than seven countries, our featured customer offers bundles of hardware, software, support & training to industrial customers. The Company was running ECC 6.0 with SD Revenue Recognition and was in the process of implementing SAP RAR 1.3 to support a mandated transition to IFRS 15. The project delivers a "hard" transition from ASC605 to IFRS 15, running RAR 1.3 SP02 for ten company codes around the world. The deployment includes a migration of 26000 in-flight contracts.
Watch how Bramasol played a vital role in hard transition from ASC605 to IFRS 15 for a Pioneer in electronic and design automation company
Thu, Aug 16, 2018 @ 06:01 AM / by Bramasol RevRec Team posted in revenue recognition, SAP Revenue Accounting and Reporting, Customer Story, ASC606, IFRS15
Watch how Bramasol helped a Leading Networking Company Automate and Simplify their RevRec Processes and Reporting
Thu, Mar 22, 2018 @ 07:46 AM / by Bramasol RevRec Team posted in revenue recognition, SAP Revenue Accounting and Reporting, Success Story, Customer Story, Networking, ASC606
This Global Fortune 500 company is a leader in the manufacture, installation and service of computer, networking and computing systems providing solutions for companies of all sizes around the world. Their highly complex landscape and current global migration project required both a focus on achieving near term compliance while positioning a smooth migration to SAP S/4 HANA. They needed someone with deep, proven expertise and experience in implementing SAP RAR.
The RevRec Deadline is Here! Open This for Answers.
Mon, Dec 25, 2017 @ 04:24 PM / by Bramasol RevRec Team posted in revenue recognition, revrec hot-tips
The deadline for new Revenue Recognition standards, ASC 606 and IFRS 15, is arriving on January 1, 2018. Yes, that is next week!
Ease the Burden of Disclosure Reporting with Pre-Built Reports
Mon, Nov 13, 2017 @ 05:26 AM / by Bramasol RevRec Team posted in revenue recognition, revrec hot-tips, SAP RAR
There is less than two months before the mandated adoption of new Revenue Recognition standards ASC 606 and IFRS 15. Since companies need to comply with legal disclosure reporting requirements, including a retrospective dual-reporting period between current ASC 605 and new ASC 606, it is critical that you have a clear disclosure reporting plan in place, NOW!
Webinar Oct 19 - The SEC is Watching. Tips and Tricks for Compliance with ASC606, IFRS15, ASC842 and IFRS 16
Sat, Oct 7, 2017 @ 08:13 AM / by Bramasol RevRec Team posted in revenue recognition
On October 19, 2017, we invite you to attend the next webinar in Bramasol's highly regarded series on Revenue Recognition issues.
Less than 90 Days Left for RevRec Compliance
Sat, Sep 30, 2017 @ 09:53 AM / by Bramasol RevRec Team posted in revenue recognition, revrec hot-tips, RevRec hot-news
The new Revenue Recognition standards (ASC 606 and IFRS 15) are mandated for implementation by January 1, 2018. Yes, that is less than three months from now!
See Bramasol at SAP Financial Excellence Forum Oct 10-11
Wed, Sep 27, 2017 @ 12:00 AM / by Bramasol posted in revenue recognition, leasing
Please join with Bramasol at SAP Financial Excellence Forum October 10-11, 2017 in New York City to learn how top organizations are transforming their financial management processes.
RevRec Events at SAP Automotive Best Practices
Sat, Sep 16, 2017 @ 12:00 AM / by Bramasol RevRec Team posted in revenue recognition
Join Bramasol at Best Practices for Automotive and be sure to attend the two special sessions on Revenue Recognition detailed below.
RevRec Webinar Video: Ease the Burden of Complex Disclosure Reporting with Pre-Built Reports
Sat, Jul 29, 2017 @ 08:51 AM / by Bramasol RevRec Team posted in revenue recognition
The video is now available for Bramsol's latest installment in our highly successful Revenue Recognition Webinar Series. "Ease the Burden of Complex Disclosure Reporting with Bramasol's Pre-Built Reports" Presented on July 27, 2017, this webinar focused on how companies can quickly flesh out their disclosure reporting processes, with less than six months left until the mandated adoption of new Revenue Recognition standards ASC 606 and IFRS 15. Disclosure reporting under ASC 606 for RevRec will be complex and require extensive quantitative and qualitative data and notes. Spreadsheets are not up to the task. Learn how Bramasol can save you time and money on your preparation and audit for Financial Disclosures for your 10K/10Q. We have developed 10 key reporting tools that gather the majority of key information for you and present them in easy to use formats.
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FASB Board Member Urges All Companies to Evaluate Impacts of New RevRec Standards
Fri, Jul 21, 2017 @ 08:45 AM / by Bramasol RevRec Team posted in revenue recognition
In an interview on July 12, 2017 with the Center for Audit Quality, FASB Board Member Christine Botosan discussed the importance of all companies evaluating the impacts of new Revenue Recognition standards on their organizations.