Feb 19, 2021
•1 minute read
accounting
Strategies to Optimize Real Estate Expenditures and Lease Accounting ProcessesCommercial real estate leased for business is one of the largest corporate expenses. It’s complex and time-consuming to manage. Plus, changes to lease accounting standards add new compliance burdens and stress to your financial reporting. This practical session will share insights and strategies to help you leverage market data, analytics and collaborative management applications that seamlessly integrate with SAP or other technology ecosystems to optimize portfolios, drive cost savings and achieve ASC 842 and IFRS 16 compliance. You will:
- Evaluate current sources of market information and management applications used for real estate operation and lease accounting
- Examine how real estate expenditure decisions are made and the accuracy of data used to support decisions
- Determine if taking steps toward optimizing real estate management and expenditures or improving lease accounting processes makes sense for the organization
- Learn how to address incomplete, inaccurate or out-of-date data that can lead to costly errors and poor decisions regarding corporate real estate expenditures and lease accounting compliance
Position Your Business to React and Adapt to Any New Regulations with EaseIn the increasingly complex and regulated business landscape, compliance is a top concern for companies of every size, in every industry. In the past few years, major standards have appeared in two finance and accounting compliance areas that cut across industries. First, revenue recognition standards provide new guidance on one of the most important measures used by investors in assessing a company’s performance and prospects. Second, standards require companies to recognize leased assets and lease liabilities on the balance sheet and disclose key information about leasing arrangements. In this article, Dave Fellers, CEO of Bramasol, and John Froelich, the company’s Vice President of Marketing and Strategy, explore the key trends in compliance and ways companies can turn compliance into a competitive advantage. Topics that Fellers and Froelich cover in the Q&A include:
- How Bramasol helps SAP customers in the area of finance and accounting compliance
- A look at the Comply, Optimize, Transform framework that Bramasol uses to help customers define and execute a successful business and finance digital transformations
- An overview of the Bramasol “health check” offering
Nov 5, 2020
•11 minute read
Answers to Burning Questions on SAP S/4HANA Finance, Central Finance, Universal Journal, and MoreRead this recap of a live interactive Q&A from the SAPinsider 2020 conference where SAP finance expert Paul Ovigele, President and Founder of ERPfixers, shares his insights on what finance departments need to know about the new capabilities delivered with SAP S/4HANA.
Aug 19, 2020
•5 minute read
Timken’s Accounting Automation Enables a Virtual Close and Streamlined AuditsFor companies with growth strategies that rely heavily on acquisitions, there are multiple complexities involved with integrating the systems, data, processes, and people. In addition, the challenge of maintaining a remote workforce due to recent global events comes with its own set of complications. However, somehow through all this complexity, products are still being made, orders are still being processed, and the financial books are still closing. In this current climate, which requires successfully completing closes and audits with a distributed workforce, all companies (especially those with strong acquisition strategies) need to look closely at innovating their accounting processes. With BlackLine, one SAP customer – The Timken Company – has achieved just that, and more. Read this article to learn how this business integrated SAP ERP with financial automation software in the cloud to achieve:
- Streamlined processes to enable smooth integration when new acquisitions came on board
- More efficient audits due to self-service capabilities and savings due to fewer travel expenses for auditors
- Successful virtual close and improved visibility into account reconciliation across all business units
Aug 14, 2020
•8 minute read
SAP Central FinanceFor companies looking to reimagine their business models for greater operating efficiency, better customer service, and improved financial performance, unifying their enterprise finance model can be a game changer. SAP S/4HANA innovations such as SAP Central Finance make this possible, according to two SAP advisors. In this thorough breakdown, which explains other innovations within SAP S/4HANA (such as the Universal Journal) and the value of SAP Central Finance, detailed diagrams and comprehensive explanations will help you understand how SAP Central Finance can assist finance teams in moving from a back-office role to become strategic partners to the business.
After reading this article you will be able to:
- Understand how SAP S/4HANA innovations allow for continuous financial operations, analysis, and reporting;
- Explain the value SAP Central Finance can provide on a global level and across SAP and non-SAP systems;
- See the different components of SAP Central Finance’s architecture; and
- List SAP Central Finance deployment considerations.
Jul 7, 2020
•16 minute read
Accelerate Your Financial Close to Support Strategic Decision MakingEstablishing an efficient financial close is a challenge for many businesses due to the number of people and complexity of tasks involved, and yet it is key to a best-run finance organization. By understanding how financial transformation—including the use of automation to increase operational efficiency—can support finance teams in the close process and add more value to the business, finance teams can spend less time on mundane tasks and more time engaging in value-added activities. This article analyzes two workstreams that are essential to the financial close process, and how SAP solutions complemented by BlackLine applications can support these workstreams and improve the close process.
After reading this article you will be able to:
--Understand the stages of the financial close, which range from transactions to analytics;
--Explain how financial accounting, controlling, and planning work together to enable insight into the financial status of a company;
--Define the solutions that are available to support both the R2R and the FP&A workstreams; and
--Identify how BlackLine applications complement the solutions provided by SAP and how they fit into the overall financial close process.
Jul 6, 2020
•17 minute read
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