SAP REVENUE ACCOUNTING AND REPORTING, SAP LEASE ADMINISTRATION
Revenue Accounting and Reporting (RAR) and leasing are essentially the DNA of Walldorf Consulting. Not only do we maintain a significant relationship with the SAP RAR development team, we are also an established SAP RAR ‘Go To‘ partner for many SAP entities worldwide.
What does SAP Revenue Accounting
and Reporting do for your business?
Creates a user-friendly solution to automate and simplify revenue recognition and accounting processes.
Opens up flexibility by decoupling the revenue realization rules for your ordering and billing systems.
Guarantees compliance with new or applicable legal provisions.
Builds scalability through use of the SAP architecture and the benefits of parallel processing.
Fosters smooth connection to other SAP and non-SAP systems through the Adapter Framework.
What SAP Lease Administration
do for your company?
Gives full transparency to the entire leasing portfolio.
Visualizes management of the entire lifecycle with integrated workflows and consolidated views.
Supplies full cost control and compliance with leasing accounting standards ASC 842 and IFRS 16.
SAP itself also relies on our valuable input when it comes to leasing. The standard work “Lease Accounting with SAP” was published in cooperation with the WCA co-founder Hanno Hofmann.
IFRS 15 and IFRS 16 – Are you prepared for this?
Commercial law & internationalization now necessitate automated procedures.
The business world’s Increasing internationalization and changes to German commercial law are forcing companies to maintain various legally-required accounting standards in addition to their own financial statements and balance sheets. The new IFRS standards have introducted fundamentally new rules for revenue accounting from contracts with customers (IFRS 15 – to be applied to reporting periods beginning on or after January 1, 2018) and for leases (IFRS 16 – to be applied to reporting periods ending on or after January 1, 2018 or begin after 1 January 2019). Quite often, these rules compel new and significant adjustments within internal business processes and IT.
Walldorf Consulting supports you with speed, customization, individualization, implementation, and data migration.
WE ARE READY TO TALK YOUR PROJECT WITH YOU!