You can also do a quick self-assessment by answering six simple questions online to see if a Health Check can help you improve productivity and results.
As the leader in Office of the CFO solutions for RevRec, Lease Accounting, Treasury, and S/4HANA, Bramasol has created a series of structured Health Check offerings designed to measure specific vital signs, diagnose problem areas and map out plans for improving the health of your financial functions and systems. Our Health Checks have already helped companies identify significant immediate savings in reduced staff time, unnecessary rework, financial re-statements and investment costs – with near-term ROI often in the $250-$500 thousand range.
With regard to compliance mandates over recent years, such as ASC 606 for Revenue and ASC 842 for Lease Accounting, many companies focused narrowly on meeting the mandated changes rather than optimizing integration with overall business systems. This has often entailed sub-optimal and cumbersome offline methods, such as spreadsheets, standalone applications and other non-integrated ad hoc processes. A Health Check can help you get these ailing processes back in tip-top shape!
Revenue Accounting Health Check
What is it?
Outcome
Areas Included
Time Frame
Key Dimensions
Cost
How it works?
In-depth review of your
Revenue Accounting
Eco-system
Detailed report focused on
observations of existing
Eco-system and targetted
recommendations on where
improvements can be made
with with additional details on
roadmap to S/4HANA.
4 to 5 Weeks depending on
workshop schedule
Approx $20,000 (credited to a
project)
Revenue accounting from
sales order through posting
including event, time and
percent of complete with a
focus on Asc 606 and IFRS 15.
Focus on 4 dimensions:
Operational, Functional,
Technical, Reporting
Series of up to 11 workshops
focusing on deep dives into key
dimensions with a kick off and
Executive Readout
Leasing and Asset Management Health Check
What is it?
Outcome
Areas Included
Time Frame
Key Dimensions
Cost
How it works?
In-depth review of your
Asset Management
Eco-system
Detailed report focused on
observations of existing
Eco-system and targetted
recommendations on where
improvements can be made
with with additional details on
roadmap to S/4HANA.
4 to 5 Weeks depending on
workshop schedule
Approx $20,000 (credited to a
project)
Physical asset management
accounting including P2P and
lease management under
ASC 842 and IFRS 16.
Focus on 4 dimensions:
Operational, Functional,
Technical, Reporting
Series of up to 11 workshops
focusing on deep dives into key
dimensions with a kick off and
Executive Readout
S/4HANA Assessment Health Check
What is it?
Outcome
Areas Included
Time Frame
Key Dimensions
Cost
How it works?
In-depth review of your
financial transformation
journey
Detailed report focused on
observations of existing
Eco-system and targetted
recommendations on where
improvements can be made
with with additional details on
roadmap to S/4HANA.
4 to 5 Weeks depending on
workshop schedule
Approx $20,000 (credited to a
project)
Knowing your starting point.
Defining what constitutes your
destination and how you’ll know
when you reach it. Mapping out
the path forward, while considering
time, resources and obstacles.
Design Thinking discipline
During the DT approach, team
discuss in a brain-storming
”Leave Ego at Door” approach
to discuss the future of
your company.
Treasury Health Check
What is it?
Outcome
Areas Included
Time Frame
Key Dimensions
Cost
How it works?
In-depth review of your
Treasury Eco-system
Detailed report focused on
observations of existing
Eco-system and targetted
recommendations on where
improvements can be made
with with additional details on
roadmap to S/4HANA.
4 to 5 Weeks depending on
workshop schedule
Approx $20,000 (credited to a
project)
Treasury payments, risk,
exposure, hedging,
derivatives, etc.
Focus on 4 dimensions:
Operational, Functional,
Technical, Reporting
Series of up to 11 workshops
focusing on deep dives into key
dimensions with a kick off and
Executive Readout
You can also do a quick self-assessment by answering six simple questions online to see if a Health Check can help you improve productivity and results.
