SAP Central Finance (CFIN) offers an excellent pathway to jumpstart your S/4HANA journey by providing an efficient and agnostic platform for integrating visibility and financial reporting across diverse ERP landscapes.  However, if the data isn't accurate and doesn't flow properly you won't achieve the results you want. 

In March 2019, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2019-02, Entertainment—Films—Other Assets—Film Costs (Subtopic 926-20) and Entertainment—Broadcasters—Intangibles— Goodwill and Other (Subtopic 920-350): Improvements to Accounting for Costs of Films and License Agreements for Program Materials.

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At Bramasol we are dedicated to our clients and our people.  Together we will face the challenges of ensuring the health and safety of all during the Covid 19 crisis, while continuing to deliver world-class service and support to our clients. 

One of the major trends facing many businesses today is the move away from discrete product sales transactions and toward providing subscriptions for experience-based and outcome-focused services.

SAP S/4HANA represents one of the most significant and transformational changes in the history of the SAP ecosystem as well as within the wider scope of ERP technologies in general.  By bringing together comprehensive ERP functionality with a high-performance data transaction and analytics engine, S/4HANA is a true game changer that provides exciting opportunities for improving productivity and transforming enterprise-wide business operations.

Many CFOs and other company leaders are currently grappling with the challenges of planning and executing their movement to S/4HANA. Everyone in the SAP ecosystem knows that adoption of S/4 will be mandatory by 2025 but a large percentage of companies are struggling to figure out where and how to get started - often resulting in "analysis paralysis".

In previous blogs, I’ve addressed several key topics that are critical for the Office of the CFO, including Working Capital Management, a Global Approach to Cash, and leveraging In-House Cash Management.

All companies need to carefully manage their cash in order to ensure that sufficient funds are always available to support business operations, however, in today’s global enterprises, it can be difficult to maintain clear visibility and management of diverse cash repositories. This can be especially challenging when subsidiaries and other operating units maintain separate external banking relationships within their regional or local environments.

I’ve previously touched on related issues in blog posts on Working Capital Management and the need for a Global Approach to Cash Management. In this post, we are going to take a closer look at another key tool which is called In-House Cash Management.

If you are a CFO or treasury executive in a globally diverse company, then you're probably already aware of the complexities regarding cash management across multiple business units in many different countries.