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Partnership
Expertise
& IP
Experience People
The CFO’s Guide to
Financial Transformation
New Cloud-based, In-Memory, Real-time Technologies Can Unify Financial
Operations within a Single-Source-of-Truth for Faster and More Accurate Reporting
and Decision-making
Content
1. Overview
2. Why Financial Transformation is Needed
The Problems with Traditional Disconnected Databases
Lack of Consistent and Timely Information
3. How S/ HANA Can Transform the Landscape
4. Leveraging a“Single-Source-of-Truth”
5. Unifying Enterprise-wide Operations and Analytics
6. Enabling the Digital Core with S/ HANA in the Cloud
7. Next Steps: The Roadmap to Financial Transformation
Best Practice
Platform Configuration
Data Migration
Integrations
Customization
Change Management and User Engagement
Real Time Analytics
Post Go Live support
Why Bramasol?
About Bramasol, Inc
Copyright © 2018 Bramasol Inc. www.bramasol.com3
Overview
Corporate finance professionals face many challenges.
They need to reduce the amount of time spent on
inefficient month-end/year-end closing processes,
improve their ability to extract timely and accurate
financial information and streamline overall operational
end-to-end business processes. On the regulatory front,
CFOs also must deal with, Revenue Recognition Changes
(ASC 606 and IFRS 15), Lease Accounting Changes (ASC
842 & IFRS 16), Financial Instruments Impairments &
Disclosures (IFRS 9) as well as on-going changes in the
global regulatory environment.
The accelerating set of new challenges and changing
compliance requirements threatens to overwhelm the
inherent limitations of existing legacy finance and ERP
systems.
As companies undertake Financial Transformation to
improve their ability to be nimble, react quickly and
take advantage of market trends, several key things are
emerging:
»» Drive to continuous close
»» Consolidation of data source for reporting
»» Improved visibility for compliance with new stan-
dards for Revenue Recognition, Leasing and Financial
Impairments
»» Real-time cash management
Some of the key Financial Transformation opportunity
areas include:
»» New-generation architectures, such as SAP S/4HANA,
that combine core ERP & Finance systems with plug-
in modular best-of-breed capabilities for revenue
recognition, leasing, ecommerce, HR, travel, supply
chain management, and more.
»» A“single version of the truth”approach that avoids
discussions of who’s data is right, thereby enabling
much faster and better tactical decision-making.
»» Cloud-based implementation options that can greatly
reduce time-to-operation and which integrate seam-
lessly with in-house implementations to enable cost
optimization along with flexibility and scalability to
support growth.
»» Advanced real time analytics and user interface (UX)
technologies that can access information throughout
the unified systems and provide easily tailored com-
prehensive reporting for ongoing management or ad
hoc decisions.
Corporate finance professionals depend on the technologies and tools that provide critical information they need
to drive timely decisions and to anticipate emerging issues that could impact the business. The capabilities and
limitations of available tools shape the financial decision-making landscape by either providing a clear picture or
leading to confusion.
Copyright © 2018 Bramasol Inc. www.bramasol.com 4
Why Financial Transformation is Needed
Most conventional finance management technologies have been in existence for decades and, while they offer a
familiar environment, they have significant limitations when it comes to keeping pace with today’s complex and
dynamically changing corporate challenges.
Some of the chronic problems that arise from these limitations include:
»» Too much time and energy spent on inefficient month end close processes
»» Difficulty acquiring and accessing accurate data for financial reporting
»» Time wasted reconciling reports based on conflicting data sets
These problems become even more evident when there is a need for special reporting or ad hoc analysis in order
to understand what lies beneath the standard reports. In some environments, it requires creation of an IT ticket and
mounting of a special project, simply to reorganize and/or combine data sources to gain a better perspective for
decisions.
The disparity of data sources also creates problems for managers across different functional areas and even within
departments. It is not uncommon for people in a meeting to bring with them reports that supposedly represent
the same area of operations but contain differing information. Getting quickly to consensus on decisions is nearly
impossible when everyone has a different starting point.
In too many cases, companies have just come to accept these short-comings as an unavoidable fact of life and they
either live with bad data or inefficiently throw more staff time toward grappling with the problems caused by it. But it
doesn’t have to be that way anymore.
The Problems with Traditional Disconnected Databases
For the past forty years, companies have been building all
their financial and business decisions around information
contained in traditional data structures. Virtually all
financial systems, no matter who has designed them, have
been built around relational databases. This brings the
same set of issues and challenges to every single system.
The primary gating factor with every relational database
is a finite limit as to how much data it can contain. In
most companies, these finite relational database limits
have already been outstripped by the flood of new data
that is constantly being created. In response, virtually
all companies have resorted to segmentation of their
information into different standalone databases for faster
manipulation and management.
For example, the General Ledger is often separated from
sub-ledgers and critical functions such as profitability
analysis, revenue recognition and management
reporting are relegated to standalone programs and
dedicated servers.
About Bramasol, Inc.
Bramasol is the leader in SAP Leasing, Revenue Recognition and Office of the CFO Solutions
Bramasol is the Leasing leader and a recognized SAP Leasing services partner for companies seeking to comply
with and benefit from the new Leasing standards. Our SAP-certified experts, partnering with SAP and Nakisa, have
lead the way in education and enablement of the new Leasing standards. Even before the announcement of the
new IFRS 16 and ASC 842 standards, Bramasol was working to educate companies on the coming changes and
how to leverage the existing Revenue Recognition work to help with compliance. Our industry leading experience
and focus on Office of the CFO solutions, enables our customers to ramp up quickly and evaluate the options to
not only comply with the standards, but transform finance during the process.
Bramasol is also the Revenue Recognition leader and a recognized SAP Revenue Recognition services partner
for companies seeking to comply with and benefit from the new Rev Rec standards. Our SAP- certified experts,
partnering with SAP, assisted in the majority of SAP Revenue Accounting and Reporting Ramp-Up projects. Driving
successful workshops, Proofs of Concept, and implementation projects throughout the U.S., Bramasol is the go-
to partner with the experience and expertise for companies wanting to leverage SAP Revenue Accounting and
Reporting to comply with ASC-606 and IFRS 15.
Currently, Bramasol is performing implementations and Proofs of Concept/Pilots for additional clients; proving
that Bramasol is a go-to partner with experience and expertise for companies wanting to utilize SAP Revenue
Accounting and Reporting to be compliant with the Financial Accounting Standards Board (FASB) current US
Generally Accepted Accounting Principles (GAAP) revenue recognition standard or the newly announced ASC-
606 and International Financial Reporting Standards (IFRS) 15 addressing the“Revenue From Contracts with
Customers”.
Whether you are looking for a SaaS, hosted or on-premise solution, Bramasol has worked with over 150 clients to
solve business challenges using SAP solutions including SAP Business Suite, SAP Business All-in- One, SAP Business
Intelligence solutions, SAP Business ByDesign®, the SAP HANA® platform and mobile solutions. If you are looking to
build a platform for growth or just be“Rev Rec Ready”, contact us and we can help.
Contact Information:
United States – Headquarters
Bramasol, Inc.
3979 Freedom Circle, Suite 620 Santa Clara, CA 95054
Toll Free (866) 625-9878
Phone +1 (408) 831-0046
Fax (408) 831-0047
info@bramasol.com
Learn more to get the Financial Transformation opportunity areas, which include:
»» New-generation architectures, such as SAP S/4HANA, that combine core ERP & Finance systems with plug-
in modular best-of-breed capabilities for revenue recognition, leasing, ecommerce, HR, travel, supply chain
management, and more.
»» 	A“single version of the truth”approach that avoids discussions of who’s data is right, thereby enabling much
faster and better tactical decision-making.
»» 	Cloud-based implementation options that can greatly reduce time-to-operation and which integrate seamlessly
with in-house implementations to enable cost optimization along with flexibility and scalability to support
growth.
»» 	Advanced real time analytics and user interface (UX) technologies that can access information throughout
the unified systems and provide easily tailored comprehensive reporting for ongoing management or ad hoc
decisions.
This new eBook, "The CFO's Guide to Financial Transformation" offers a deep dive into these challenges and
opportunities along with a detailed discussion of the key actions that CFOs can take to effectively plan and
implement company-wide financial transformation.
About Bramasol, Inc.
Bramasol is the leader in SAP Leasing, Revenue Recognition and Office of the CFO Solutions
Bramasol is the Leasing leader and a recognized SAP Leasing services partner for companies seeking to comply
with and benefit from the new Leasing standards. Our SAP-certified experts, partnering with SAP and Nakisa, have
lead the way in education and enablement of the new Leasing standards. Even before the announcement of the
new IFRS 16 and ASC 842 standards, Bramasol was working to educate companies on the coming changes and
how to leverage the existing Revenue Recognition work to help with compliance. Our industry leading experience
and focus on Office of the CFO solutions, enables our customers to ramp up quickly and evaluate the options to
not only comply with the standards, but transform finance during the process.
Bramasol is also the Revenue Recognition leader and a recognized SAP Revenue Recognition services partner
for companies seeking to comply with and benefit from the new Rev Rec standards. Our SAP- certified experts,
partnering with SAP, assisted in the majority of SAP Revenue Accounting and Reporting Ramp-Up projects. Driving
successful workshops, Proofs of Concept, and implementation projects throughout the U.S., Bramasol is the go-
to partner with the experience and expertise for companies wanting to leverage SAP Revenue Accounting and
Reporting to comply with ASC-606 and IFRS 15.
Currently, Bramasol is performing implementations and Proofs of Concept/Pilots for additional clients; proving
that Bramasol is a go-to partner with experience and expertise for companies wanting to utilize SAP Revenue
Accounting and Reporting to be compliant with the Financial Accounting Standards Board (FASB) current US
Generally Accepted Accounting Principles (GAAP) revenue recognition standard or the newly announced ASC-
606 and International Financial Reporting Standards (IFRS) 15 addressing the“Revenue From Contracts with
Customers”.
Whether you are looking for a SaaS, hosted or on-premise solution, Bramasol has worked with over 150 clients to
solve business challenges using SAP solutions including SAP Business Suite, SAP Business All-in- One, SAP Business
Intelligence solutions, SAP Business ByDesign®, the SAP HANA® platform and mobile solutions. If you are looking to
build a platform for growth or just be“Rev Rec Ready”, contact us and we can help.
Contact Information:
United States – Headquarters
Bramasol, Inc.
3979 Freedom Circle, Suite 620 Santa Clara, CA 95054
Toll Free (866) 625-9878
Phone +1 (408) 831-0046
Fax (408) 831-0047
info@bramasol.com

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The CFO's Guide to Financial Transformation

  • 1. Partnership Expertise & IP Experience People The CFO’s Guide to Financial Transformation New Cloud-based, In-Memory, Real-time Technologies Can Unify Financial Operations within a Single-Source-of-Truth for Faster and More Accurate Reporting and Decision-making
  • 2. Content 1. Overview 2. Why Financial Transformation is Needed The Problems with Traditional Disconnected Databases Lack of Consistent and Timely Information 3. How S/ HANA Can Transform the Landscape 4. Leveraging a“Single-Source-of-Truth” 5. Unifying Enterprise-wide Operations and Analytics 6. Enabling the Digital Core with S/ HANA in the Cloud 7. Next Steps: The Roadmap to Financial Transformation Best Practice Platform Configuration Data Migration Integrations Customization Change Management and User Engagement Real Time Analytics Post Go Live support Why Bramasol? About Bramasol, Inc
  • 3. Copyright © 2018 Bramasol Inc. www.bramasol.com3 Overview Corporate finance professionals face many challenges. They need to reduce the amount of time spent on inefficient month-end/year-end closing processes, improve their ability to extract timely and accurate financial information and streamline overall operational end-to-end business processes. On the regulatory front, CFOs also must deal with, Revenue Recognition Changes (ASC 606 and IFRS 15), Lease Accounting Changes (ASC 842 & IFRS 16), Financial Instruments Impairments & Disclosures (IFRS 9) as well as on-going changes in the global regulatory environment. The accelerating set of new challenges and changing compliance requirements threatens to overwhelm the inherent limitations of existing legacy finance and ERP systems. As companies undertake Financial Transformation to improve their ability to be nimble, react quickly and take advantage of market trends, several key things are emerging: »» Drive to continuous close »» Consolidation of data source for reporting »» Improved visibility for compliance with new stan- dards for Revenue Recognition, Leasing and Financial Impairments »» Real-time cash management Some of the key Financial Transformation opportunity areas include: »» New-generation architectures, such as SAP S/4HANA, that combine core ERP & Finance systems with plug- in modular best-of-breed capabilities for revenue recognition, leasing, ecommerce, HR, travel, supply chain management, and more. »» A“single version of the truth”approach that avoids discussions of who’s data is right, thereby enabling much faster and better tactical decision-making. »» Cloud-based implementation options that can greatly reduce time-to-operation and which integrate seam- lessly with in-house implementations to enable cost optimization along with flexibility and scalability to support growth. »» Advanced real time analytics and user interface (UX) technologies that can access information throughout the unified systems and provide easily tailored com- prehensive reporting for ongoing management or ad hoc decisions. Corporate finance professionals depend on the technologies and tools that provide critical information they need to drive timely decisions and to anticipate emerging issues that could impact the business. The capabilities and limitations of available tools shape the financial decision-making landscape by either providing a clear picture or leading to confusion.
  • 4. Copyright © 2018 Bramasol Inc. www.bramasol.com 4 Why Financial Transformation is Needed Most conventional finance management technologies have been in existence for decades and, while they offer a familiar environment, they have significant limitations when it comes to keeping pace with today’s complex and dynamically changing corporate challenges. Some of the chronic problems that arise from these limitations include: »» Too much time and energy spent on inefficient month end close processes »» Difficulty acquiring and accessing accurate data for financial reporting »» Time wasted reconciling reports based on conflicting data sets These problems become even more evident when there is a need for special reporting or ad hoc analysis in order to understand what lies beneath the standard reports. In some environments, it requires creation of an IT ticket and mounting of a special project, simply to reorganize and/or combine data sources to gain a better perspective for decisions. The disparity of data sources also creates problems for managers across different functional areas and even within departments. It is not uncommon for people in a meeting to bring with them reports that supposedly represent the same area of operations but contain differing information. Getting quickly to consensus on decisions is nearly impossible when everyone has a different starting point. In too many cases, companies have just come to accept these short-comings as an unavoidable fact of life and they either live with bad data or inefficiently throw more staff time toward grappling with the problems caused by it. But it doesn’t have to be that way anymore. The Problems with Traditional Disconnected Databases For the past forty years, companies have been building all their financial and business decisions around information contained in traditional data structures. Virtually all financial systems, no matter who has designed them, have been built around relational databases. This brings the same set of issues and challenges to every single system. The primary gating factor with every relational database is a finite limit as to how much data it can contain. In most companies, these finite relational database limits have already been outstripped by the flood of new data that is constantly being created. In response, virtually all companies have resorted to segmentation of their information into different standalone databases for faster manipulation and management. For example, the General Ledger is often separated from sub-ledgers and critical functions such as profitability analysis, revenue recognition and management reporting are relegated to standalone programs and dedicated servers.
  • 5. About Bramasol, Inc. Bramasol is the leader in SAP Leasing, Revenue Recognition and Office of the CFO Solutions Bramasol is the Leasing leader and a recognized SAP Leasing services partner for companies seeking to comply with and benefit from the new Leasing standards. Our SAP-certified experts, partnering with SAP and Nakisa, have lead the way in education and enablement of the new Leasing standards. Even before the announcement of the new IFRS 16 and ASC 842 standards, Bramasol was working to educate companies on the coming changes and how to leverage the existing Revenue Recognition work to help with compliance. Our industry leading experience and focus on Office of the CFO solutions, enables our customers to ramp up quickly and evaluate the options to not only comply with the standards, but transform finance during the process. Bramasol is also the Revenue Recognition leader and a recognized SAP Revenue Recognition services partner for companies seeking to comply with and benefit from the new Rev Rec standards. Our SAP- certified experts, partnering with SAP, assisted in the majority of SAP Revenue Accounting and Reporting Ramp-Up projects. Driving successful workshops, Proofs of Concept, and implementation projects throughout the U.S., Bramasol is the go- to partner with the experience and expertise for companies wanting to leverage SAP Revenue Accounting and Reporting to comply with ASC-606 and IFRS 15. Currently, Bramasol is performing implementations and Proofs of Concept/Pilots for additional clients; proving that Bramasol is a go-to partner with experience and expertise for companies wanting to utilize SAP Revenue Accounting and Reporting to be compliant with the Financial Accounting Standards Board (FASB) current US Generally Accepted Accounting Principles (GAAP) revenue recognition standard or the newly announced ASC- 606 and International Financial Reporting Standards (IFRS) 15 addressing the“Revenue From Contracts with Customers”. Whether you are looking for a SaaS, hosted or on-premise solution, Bramasol has worked with over 150 clients to solve business challenges using SAP solutions including SAP Business Suite, SAP Business All-in- One, SAP Business Intelligence solutions, SAP Business ByDesign®, the SAP HANA® platform and mobile solutions. If you are looking to build a platform for growth or just be“Rev Rec Ready”, contact us and we can help. Contact Information: United States – Headquarters Bramasol, Inc. 3979 Freedom Circle, Suite 620 Santa Clara, CA 95054 Toll Free (866) 625-9878 Phone +1 (408) 831-0046 Fax (408) 831-0047 info@bramasol.com Learn more to get the Financial Transformation opportunity areas, which include: »» New-generation architectures, such as SAP S/4HANA, that combine core ERP & Finance systems with plug- in modular best-of-breed capabilities for revenue recognition, leasing, ecommerce, HR, travel, supply chain management, and more. »» A“single version of the truth”approach that avoids discussions of who’s data is right, thereby enabling much faster and better tactical decision-making. »» Cloud-based implementation options that can greatly reduce time-to-operation and which integrate seamlessly with in-house implementations to enable cost optimization along with flexibility and scalability to support growth. »» Advanced real time analytics and user interface (UX) technologies that can access information throughout the unified systems and provide easily tailored comprehensive reporting for ongoing management or ad hoc decisions. This new eBook, "The CFO's Guide to Financial Transformation" offers a deep dive into these challenges and opportunities along with a detailed discussion of the key actions that CFOs can take to effectively plan and implement company-wide financial transformation.
  • 6. About Bramasol, Inc. Bramasol is the leader in SAP Leasing, Revenue Recognition and Office of the CFO Solutions Bramasol is the Leasing leader and a recognized SAP Leasing services partner for companies seeking to comply with and benefit from the new Leasing standards. Our SAP-certified experts, partnering with SAP and Nakisa, have lead the way in education and enablement of the new Leasing standards. Even before the announcement of the new IFRS 16 and ASC 842 standards, Bramasol was working to educate companies on the coming changes and how to leverage the existing Revenue Recognition work to help with compliance. Our industry leading experience and focus on Office of the CFO solutions, enables our customers to ramp up quickly and evaluate the options to not only comply with the standards, but transform finance during the process. Bramasol is also the Revenue Recognition leader and a recognized SAP Revenue Recognition services partner for companies seeking to comply with and benefit from the new Rev Rec standards. Our SAP- certified experts, partnering with SAP, assisted in the majority of SAP Revenue Accounting and Reporting Ramp-Up projects. Driving successful workshops, Proofs of Concept, and implementation projects throughout the U.S., Bramasol is the go- to partner with the experience and expertise for companies wanting to leverage SAP Revenue Accounting and Reporting to comply with ASC-606 and IFRS 15. Currently, Bramasol is performing implementations and Proofs of Concept/Pilots for additional clients; proving that Bramasol is a go-to partner with experience and expertise for companies wanting to utilize SAP Revenue Accounting and Reporting to be compliant with the Financial Accounting Standards Board (FASB) current US Generally Accepted Accounting Principles (GAAP) revenue recognition standard or the newly announced ASC- 606 and International Financial Reporting Standards (IFRS) 15 addressing the“Revenue From Contracts with Customers”. Whether you are looking for a SaaS, hosted or on-premise solution, Bramasol has worked with over 150 clients to solve business challenges using SAP solutions including SAP Business Suite, SAP Business All-in- One, SAP Business Intelligence solutions, SAP Business ByDesign®, the SAP HANA® platform and mobile solutions. If you are looking to build a platform for growth or just be“Rev Rec Ready”, contact us and we can help. Contact Information: United States – Headquarters Bramasol, Inc. 3979 Freedom Circle, Suite 620 Santa Clara, CA 95054 Toll Free (866) 625-9878 Phone +1 (408) 831-0046 Fax (408) 831-0047 info@bramasol.com