IFRS-15 Compliance: SAP Revenue Accounting and Reporting Integration with SAP BRIM
SAP Revenue Accounting and Reporting supports compliance with IFRS-15 (Revenue from Contracts with Customers) standards for multiple component contracts or contracts for revenue recognition fulfilled on a time and/or event basis. Revenue Accounting and Reporting (RAR) enables you to manage revenue recognition in a process that involves the following high-level steps: Identify contracts: In this […]
Streamlining Credit Management with SAP BRIM Integration
Credit management enables companies to operate centralised credit management. The credit worthiness and payment behaviour of your business partners has an immediate impact on the business results of your company. Efficient receivables and credit management reduce the risk of financial losses and help you optimise business relationships with your business partners. SAP Credit Management (FIN-FSCM-CR) […]
SAP BRIM Integration with Vertex Tax Solution
Corporations are required to collect and remit tax on the sales and purchases of goods and services. These are known as “indirect taxes.” It is levied by various tax regimes around the world and called by different names like sales tax, value-added tax (VAT), goods and services tax (GST), etc. Order and invoicing transactions originating […]
The economics behind digital business models and how they have evolved in recent times
The world as we know it today is continuously changing, and one of the fundamental drivers is digital transformation. Across industries, new digital business models have emerged—many in response to the pandemic as companies are forced to innovate their ways to meet customer demands. During the COVID-19 lockdowns, many digital-based subscription business models fared well […]
An introduction to Equipment Integration (Device-as-a-Service)
In the S/4HANA release of 2020, SAP introduced a new feature called as ‘Equipment Integration (Device-as-a-Service)’ in response to changing customer behaviour and evolution in the subscription business models. Service providers offer their customers bundles of hardware devices (such as laptops, desktops, tablets, printers, or mobile phones), software, and services for a monthly subscription fee […]