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.
This organization was very proactive in searching for a comprehensive RevRec solution to help them become compliant ahead of the January 2018 deadline. In addition to being an early adopter, the client had some unique challenges around complex scheduling, engineering design & development and volume pricing. They also had challenges fitting their business processes and revenue postings in the standard SAP RAR functionality. They needed a solution that would integrate to their contract repository system which was under development.
Being a key partner in the SAP Ramp-Up program, Bramasol was the natural choice to help deliver a SAP RAR solution that was flexible enough to support all their accounting and reporting requirements.
Bramasol developed a custom solution to accommodate their requirements for 3 scenarios, configured the standard functionality to achieve the goal of revenue postings and integrated it with the custom contract repository, followed by a successful migration of business process to the new environment. Their goal of fulfilling their customer demand with technological advancements is now simpler to achieve than ever.
Our work was well appreciated by the customer – “Bramasol Provided the technical and functional resources we needed to deliver our project on-time”
If you need to get compliant with ASC606, IFRS15, do what the fortune 500 do ...Call Bramasol