Press Release

Bramasol Announces Release of Updates to Analytics-Driven Disclosure Reporting Packages for RevRec and Lease Accounting

Santa Clara, CA – June 1, 2020 Bramasol, a leader in SAP Office of the CFO Solutions, today announced newest release of its financial accounting disclosures for both revenue recognition (ASC 606/IFRS 15) and lease accounting (ASC 842/IFRS 16) in compliance with all mandatory regulatory requirements .This new release includes significant improvements to both functionality and performance, including the following.

Revenue Recognition Disclosure Reporting:

  • Disaggregation of Revenue: by the following metrics: Products/Services – Geography, Over Time / Point in Time. This report displays the disaggregation of revenue in the ways that conform to specific company requirements.

  • Contract Balances Roll-forward: (Assets and Liabilities): These reports will display the period to period movements within the contract liability and contract asset balances as required by ASC 606 and IFRS 15.

  • Remaining Performance Obligations: (Five Year Table). This report will display remaining performance obligations over the next five years as displayed in the next five calendar or fiscal years.

  • Volumes and Scalability: new reporting architecture helps customers report on datasets of up to 1.5 million POBs at full performance and up to 9 million POBs with some performance tradeoffs.

  • Performance Improvements: the latest release (Version 3.1) is more than 100 times faster than first release

  • Analytics and Dashboards: added more visualizations for various metrics over selected periods which helps business users visualize their past and future performance and highlights Insights to Action.

Lease Accounting Disclosure Reporting:

  • Analytics and Dashboards: more visualization to allow users to allow users to get more graphic information with Insights to Actions, including:

    • Lease portfolio views by geography, asset classes, incremental borrowing rate ranges and lease terms

    • Lease expense and future lease commitments by category of assets, geographic locations, and lease terms

    • Five-year lease commitment tables

    • Simulations and what if scenarios

    • Incremental borrowing rate (IBR) by asset class and geographic location

  • Full Drill-Through Capabilities: enhanced disclosure reports to include drill-through for all line items from disclosure reports to detailed information in Contract Lease Management and General Ledger.

  • IBR Alternative Calculations: customer requested methodologies to calculate incremental borrowing rates.

  • Performance: increased performance of report execution by over 100%.

According to David Fellers, Bramasol CEO, “We are proud to release these latest updates to Bramasol’s analytics-driven disclosure reporting packages as we continue to incorporate new functionality that our customers requested while also expanding the scalability and performance of both analytic dashboards and report generation.”

***

About Bramasol

Bramasol is a leader in SAP-based S/4HANA finance and business transformation solutions and a premier services partner for the SAP Revenue Accounting and Reporting application (for ASC 606/IFRS 15) and leasing (for ASC 842/IFRS 16) and the SAP Treasury and Risk Management application. CFOs from the Fortune 500 choose Bramasol as the go-to partner for finance innovation and compliance solutions for companies looking to transform compliance into competitive advantage.

For press inquiries and more information contact:
John Froelich, 
[email protected], 602-432-7574