Bramasol is 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. Its 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 and the newly announced IFRS 16 for leasing.
The company is deeply rooted with SAP, ever since becoming their first partner in 1996, and continue to invest in the latest SAP technologies and drive innovation on the SAP platform.
Revenue Recognition: Bramasol is the Revenue Accounting and Recognition leader and a recognized SAP Revenue Recognition services partner for companies seeking to implement the ASC 606 and IFRS 15 standards. Its SAP-certified experts participated in the majority of early product Ramp-ups and have worked on more SAP RevRec projects than any other company. It has the experience, expertise, and tools to help companies get ready for the new standards in 2018.
Bramasol is the first SAP Rev Rec expert to develop a proven methodology, RADARR, based on dozens of projects and is the leader in providing innovations and solutions for complex RevRec challenges. It is the first to offer a suite of tools and reports that will gather all the key data for the disclosure reporting into one place and has pre-built management reports to help companies deliver insights that drive action.
Treasury: As the Office of the CFO moves from recording the past and documenting the present, to driving innovation and strategy, Treasury plays a key role in the management of cash, risk and driving innovation. Bramasol is a leader in SAP finance solution delivery. Key areas it focuses on for Treasury include:
Leasing: Bramasol and SAP leasing solutions make leasing possible with deep expertise in lease accounting; it is not only product experts, but solution experts who help clients select the right solution to meet clients’ needs. Using its LASER methodology, it delivers a solution that not only complies with ASC 842 and IFRS 16, but is natively integrated with clients’ SAP finance system (or any other) and is secure, scalable, and flexible.
Financial Transformation: 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.
SAP Revenue Accounting and Reporting (RAR): SAP revenue accounting software is designed specifically to help businesses comply with new statutory regulations for revenue recognition and also has the flexibility to support existing requirements.
SAP S/4HANA Cloud: Bramasol is a co-innovation leader in the implementation of the SAP S/4HANA Cloud, which provides a high-performance, in-memory, and extensible Digital Core for implementing the above initiatives and integrating a wide range of best-of-breed functionality.
SAP S/4HANA is a real-time ERP suite for digital business that provides a high-performance and highly flexible platform for addressing the full range of business requirements. It is built on the advanced in-memory platform, SAP HANA, and offers a personalized, consumer-grade user experience with SAP Fiori. Deployable in the cloud or on-premise, SAP S/4HANA can drive instant value across all lines of business – no matter the industry or business size.
S/4HANA Cloud consists of a modular set of best-of-breed Editions, which provide a flexible, extensible ERP platform that can scale and expand to meet changing business needs. New capabilities and users can be added as clients need them, quickly and easily.
Meet the Leader
Dave Fellers, CEO: Dave first joined Bramasol in 2007 to re-launch its professional services business. Since becoming CEO in May 2011, he has guided Bramasol to its strongest growth in years, highlighted by a major acquisition that doubled the size of the company and gave it a global reach.
Before joining Bramasol, David spent nine years at Deloitte, where he held a variety of leadership roles including leading major SAP implementations within the U.S. and around the world. While at Deloitte, he helped build one of the early versions of the High Tech Pre-Configured solution with SAP and spent over a year in London and Germany serving a large global multi-national firm. Dave began his career at Price Waterhouse.
As Bramasol’s CEO, Dave leads the company’s global drive to be the premier SAP value-added reseller and professional services firm. Under his leadership, Bramasol remains a leading reseller for the SME market in the western U.S. and continues to expand the industry solutions and functions it offers. Bramasol also provides industry expertise in some of the fastest-growing markets in the U.S., including high tech software, manufacturing, professional services, sports and venue management, consumer products, and pharmaceuticals.
Dave holds a Bachelor of Science degree in Accounting and Accounting Information Systems from Virginia Polytechnic Institute and State University (Virginia Tech).