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:
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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.
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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.
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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.
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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.
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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:
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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
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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.
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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.”
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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
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%.