Previous posts in this blog series on Environmental, Social and Governance (ESG) and carbon accounting have spotlighted carbon accounting as a trend to watch, looked at ESG impacts on M&A, and tracked the emergence of new ESG standards.

As we reach the halfway point in 2023, it is a good opportunity to take another look at over-arching trends, both to update those we have already identified and to add some new ones, such as the unprecedented explosion in generative AI applications.

Several times in the past, this blog series has focused on various big picture issues regarding environmental, social and governance (ESG) programs, compliance and carbon accounting solutions.

The Bramasol team at SAP Sapphire all agreed that it was one of the best events we've attended in quite a while, with lots of opportunities for deep engagement with SAP experts. We also met with many forward-looking companies seeking to accelerate their digital transformation roadmaps, launch new Digital Solutions Economy™ offerings, and/or optimize their compliance programs. 

This episode in our ongoing series on  the Digital Solutions Economy (DSE) provides an overview of how DSE is impacting the electronics industry.

This new installment in our ongoing series on the Digital Solutions Economy (DSE) provides an expanded look and follow-up to the previous post that provided an overview on  Entitlement Management.  In this episode, we drill down for a closer examination of the types of entitlements that are offered as part of subscriptions and bundles in various industry segments, along with some insights into how entitlement management solutions that are part of the SAP BRIM portfolio and ecosystem that can be helpful to achieve success.

This new episode in our ongoing series on the Digital Solutions Economy (DSE) provides an overview of how DSE is impacting the Software as a Service (SaaS) industry.  Previous episodes in this series include:

• DSE in the Telecom Industry
• DSE in the Media and Entertainment industry
• DSE in the Semiconductor Industry
•  DSE in the Medical Device industry
• DSE in Utilities industry
• DSE in the Energy Sector
• DSE in Transportation

Overview

Software as a Service (SaaS) is a delivery model in which software is provided over the internet, on a subscription basis, rather than as a product installed on companies' own computers. SaaS has its roots in the late 1990s with early adopters such as Salesforce.com, but it wasn't until the mid-2000s that SaaS started to gain widespread adoption. In the following decades, the growth of cloud computing and the increasing availability of high-speed internet made SaaS a more viable option for businesses of all sizes.

Today, SaaS is a multi-billion dollar industry, the fastest growing business model, and is a major driver of innovation in the software industry. Analytics firm Statista estimates that the SaaS market is worth approximately 146 billion in U.S. dollars and estimated to reach 195 billion U.S. dollars by 2023.

In 2018, the Financial Accounting Standards Board (FASB) and the International Accounting Standards Board (IASB) announced the release of new accounting standards, ASC 842 and IFRS 16, that redefined how organizations must account for leases.

These new leasing standards represent more than just an accounting change, with far-reaching and profound implications on lease/buy decisions, internal process coordination and financial reporting.  Effective lease management must go beyond a one-time compliance perspective by enabling both ongoing management of lease changes and seamless integration with associated finance processes.

This new episode in our ongoing series on the Digital Solutions Economy (DSE) provides an overview of how DSE is impacting the Telecom industry.  Previous episodes in this series include: