Attain Automated Revenue Management with BRIM & Revenue Accounting
For subscription businesses, one of the major business issues is managing the recurring revenue. Because the subscription-based businesses have grown exponentially, revenue billing procedures have evolved substantially, and it has posed a significant challenge in how revenue recognition is managed.
With its diverse solutions and components, SAP has set up a flexible and efficient platform for customers working with automated revenue management through its Intelligent Enterprise. Through the integration of automated revenue systems which combine accounting, sales, logistics, and organization integrated analyses, companies give transparency, flexibility, adaptability, and insights to convert compliance into a competitive advantage.
SAP Revenue recognition capability assists companies to better understand their cash flow and revenues. Integrated features such as Real-time Reporting and Dual Guidance are included in SAP revenue recognition solutions to help companies evaluate and effectively manage risk, minimize the necessity of manual information, and simplify complicated accounting procedures.
Why SAP BRIM & Revenue Accounting
SAP BRIM provides SAP RAR with a strong personalized solution. This allows a range of deployment options for customers to experiment with introducing extra revenue models to existing company operations or to swiftly build and scale up to whole new products. Automated revenue accounting provides visibility, agility, scalability, and insights for competitiveness.
Revenue Accounting and Reporting (RAR) in S/4HANA
SAP Revenue Accounting and Reporting (RAR) was aimed to help enterprises in reporting revenue recognition from service agreements in a precise and appropriate way. RAR can enhance the integration of the SAP S/4HANA revenue recognition independently from billing papers.
By deploying SAP S/4HANA Revenue Accounting and Reports, companies can meet many of the problems of effectively and reliably recognizing revenues.
Five integral components of Revenue Accounting
- Sender components
- Inbound processing as integration layer with embedded rules engine
- Contract management
- Posting management
- Disclosures and analytics
SAP RAR can substantially help enterprises most impacted by the new revenue requirements, particularly those with situations requiring various arrangements or differences in implementation time.
The ability to manage parallel accounts enabling postings to several headers or accounts based on the various integral part is one of the principal benefits of the solution.