Since the release of new lease accounting standards ASC 842 and IFRS 16 in 2018, companies have taken a variety of approaches to comply, but many are now aiming to optimize their lease accounting processes for efficiency and long-term manageability. It is becoming clear that standalone software and offline spreadsheets cannot provide the level of financial integration needed to go the distance for supporting a robust Comply, Optimize, and Transform journey.
Webinar- Take Lease Accounting to the Next Level with SAP CLM
Mon, Jan 9, 2023 @ 07:57 AM / by John Froelich posted in leasing, Leasing Solution, CLM, SAPCLM, lessor, Contract and Lease Management, Lease Accounting
eBook- Lessor Accounting Considerations Under ASC 842
Wed, Dec 15, 2021 @ 01:27 AM / by John Froelich posted in leasing, ASC 842, SAPCLM, lessor, DSE, Lease Accounting
As leasing arrangements continue to become more diverse and entail complex cross-integration requirements for managing leases within bundled Digital Solutions Economy offerings, it is increasingly important for lessor companies to have a comprehensive understanding of the compliance issues both for lessor accounting under ASC 842 and revenue recognition under ASC 606.
Three Reasons You Should Revisit Your RevRec Approach Now
Wed, Oct 6, 2021 @ 07:14 AM / by David Fellers posted in S/4 HANA Cloud, CEO perspective, S/4HANA, Thought Leadership, SAPCLM, Automated Revenue Management
Did you hope that the whole Revenue Recognition change process was really behind you? Most companies have already spent significant time, effort and resources to comply with ASC 606 / IFRS 15 accounting requirements in one way or another. It's natural to yearn for closure and move on to other issues.
But there are some very compelling reasons why you should revisit your RevRec processes, with an eye toward the future and within the context of the Comply, Optimize, Transformâ„¢ paradigm.
Let's take a look at three major areas of opportunity for leveraging RevRec as a key driver for improving your overall business processes, productivity and agility going forward.
Webinar - Streamline Your Lease Accounting Processes with Accelerators for Switching to SAP CLM
Wed, Aug 11, 2021 @ 04:26 AM / by John Froelich posted in webinar, leasing, ASC842, Leasing Solution, CLM, SAPCLM, Contract and Lease Management
With the upcoming already extended deadline for the adoption of ASC 842, the new lease accounting standard in the US, many companies who have already adopted are struggling with managing the accounting under the new standard in spreadsheets or because they already chose a standalone software but are not happy with the results due to a lack of integration, causing reconciling issues or reporting inaccuracies.
Webinar: Lessor Accounting and Automated Revenue Management (ARM) are Key for Supporting New Business Models
Thu, Jul 8, 2021 @ 04:50 AM / by Bramasol posted in webinar, SAP, leasing, SAPCLM, lessor
Watch our recently recorded webinar titled Lessor Accounting and Automated Revenue Management (ARM) are Key for Supporting New Business Models
Lessor accounting, along with integrated revenue management, are becoming more critical with the adoption of the Digital Solutions Economy (DSE) by many companies. It is no longer a viable approach to try using standalone or offline lease accounting methods because the lack of integration with revenue and other accounting processes is too cumbersome to scale or adapt for new models.
Learn how to seamlessly execute full lessor accounting transactions including full accounting for sales type leasing, operating type leases and a decision tool that assists users with evaluating between the two types of leases.
Webinar: Simplify, Automate and Scale Lessor Accounting with SAP CLM/RAR and Bramasol
Mon, Feb 8, 2021 @ 09:21 PM / by Bramasol posted in webinar, SAP, SAP Revenue Accounting and Reporting, SAP RAR, leasing, Leasing Solution, SAPCLM
You can have a single, integrated solution for Lessor Accounting from SAP. Watch now the webinar as Bramasol shows you how we can bring together two of the most powerful solutions for revenue and lease accounting SAP RAR and CLM to deliver a comprehensive, scalable and integrated solution managing both your Operating and Sales Type leases all in one place.
Podcast- Improving Cash Flow and EBITDA with Active Lease Management
Mon, May 18, 2020 @ 09:32 PM / by David Fellers posted in SAP, ASC842, SAPLeaseAdmin, IFRS16, Leasing Solution, podcasts, SAPCLM
Listen to our latest Podcast on Improving Cash Flow and EBITDA with Active Lease Management. During this podcast, John Froelich, Bramasol VP of Marketing and Strategy, discusses Active Lease Management and explains how it can improve visibility of lease portfolios and cash flow along with enhancing financial performance.