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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 revrec, CEO perspective, Thought Leadership, Accounting Advisory Services, SAP GROW

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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Using Specialists for Revenue Recognition and Quote-to-Cash Projects Can Increase Value and Lower Risk

Tue, Oct 31, 2023 @ 12:06 PM / by David Fellers posted in revenue recognition, SAP RAR, revrec, CEO perspective, SAP BRIM, quote to cash, QTC

Most of us have encountered situations that call for turning to specialists with deep expertise in a specific area whenever it is critical for our health or safety.

For example, if tests conducted by your primary physician show problems with your heart, you'd expect a referral to a cardiologist rather than having your general practitioner do surgery in their office.  Or if the construction of your dream home encounters issues with soil stability in an earthquake prone area, your general contractor can be expected to bring in a trained geological specialist to deal with the situation. 

In business, the same concept holds true; especially for situations such as optimizing revenue recognition and reporting compliance for subscription-based product and service offerings, which often include complex entitlements, usage-based scenarios, bundled elements, and/or dynamic, on-the-fly, customer-driven changes within the end-to-end Quote-to-Cash process.

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Self assess your Revenue Accounting Health to get the insights you demand from your RevRec solution.

Mon, Jul 13, 2020 @ 12:52 AM / by Bramasol posted in revenue recognition, SAP, SAP Revenue Accounting and Reporting, revrec, assessment

If you aren’t armed with with accurate and timely information, making the best business decision can be difficult. Our clients often come to us asking about how to enhance their way of doing revenue accounting processes, gain insights on profitability, track contract modifications and other areas to compete and win. The first phase is undertaking is a Health check that examines the organization, structure, and human factors in your solution implementation.

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Webinar Video- Improving Insights to Profitability with SAP RAR and COPA

Tue, Mar 31, 2020 @ 08:49 AM / by Bramasol RevRec Team posted in Bramasol, SAP, SAP Revenue Accounting and Reporting, revrec

In today’s economy being able to see profitability at the right level is crucial to driving increased bottom line performance and increasing agility. What if you could see changes in profitability of your bundles and even elements within your bundles, real time?

By combining SAP RAR and CO-PA, profitability analysis, you can get detailed real-time profitability performance.

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Webinar Video - Technical Accounting Tips for Optimizing Disclosures and Reporting for ASC 606 and 842

Mon, Sep 9, 2019 @ 06:32 AM / by Bramasol Compliance Team posted in leasing, revrec, ASC606, ASC842, Compliance

According to the Big 4, over 50% of companies experienced a delay in compliance with ASC 606 and 842 due to accounting issues. Those same companies struggled to produce their disclosures and reporting. Underlying this are the technical accounting expertise and disciplines needed for success.

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New Podcast: "Day Two" Accounting Issues for RevRec & Leasing.  What should you be doing now?

Mon, Jul 8, 2019 @ 11:45 AM / by Insights to Action Podcast team posted in leasing, revrec, podcasts

Listen to the latest podcast in Bramasol's Insights to Action series.

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Webinar- You have Complied with ASC 606, So Now How Can You Automate Revenue Recognition?

Thu, May 23, 2019 @ 02:56 AM / by Bramasol RevRec Team posted in webinar, revenue recognition, revrec, ASC606, IFRS15, Automation

In your Comply, Optimize, Transform™ journey, one of the most important steps is that initial move from basic compliance requirements to the automation of related processes for better integration and productivity.

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Webinar Video -What's New in SAP RAR FP07?

Wed, Jan 9, 2019 @ 05:26 AM / by Bramasol RevRec Team posted in SAP Revenue Accounting and Reporting, revrec

Watch the webinar by experts from Bramasol and SAP recorded on Jan 24, 2019 to learn about the exciting new features in SAP Revenue Accounting and Reporting (RAR), release FP07.  A major achievement in FP07 is seamless parity with existing features in SD RevRec, which opens a cost-effective path for companies to transition their Revenue Recognition processes into a more sustainable forward path.

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New App from Bramasol Provides Analytics Solution for RevRec Compliance

Mon, Sep 24, 2018 @ 01:49 PM / by Bramasol Financial Transformation Team posted in revrec, SAPappcenter

Bramasol is pleased to announce the release of our new app: "Analytics for Revenue Recognition Disclosure Reporting" that is now available for purchase in the SAP AppCenter.

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Watch How A Leading Automotive Company Relies on Bramasol To Help Them With Complex RevRec Scenarios

Thu, Mar 15, 2018 @ 11:10 AM / by Bramasol RevRec Team posted in Bramasol, SAP Revenue Accounting and Reporting, revrec, Success Story, Customer Story

Bramasol recently helped a $9B Tier One Automotive supplier with a customized Revenue Recognition solution to help them become IFRS 15 compliant and optimize their business processes to support them in their quest for continuous performance improvement. The customer has manufacturing facilities located around the world and is a global product leader in clean and efficient technology solutions for combustion, hybrid and electric vehicles.

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