“The automotive industry is undergoing unprecedented transformation. Driven by climate change and new technology, global sales of electric vehicles (EVs) spiked by 43% in 2020, even as overall car sales declined. Digital retailing options, such as contactless car buying and online dealerships, rose out of necessity during the pandemic, but they are fast becoming preferred purchasing routes. OEMs are racing to develop technology for connected cars and ADAS systems. Carmakers are integrateing smart technology, such as LIDAR, ultrasound, and IoT sensors, into their vehicles to attract modern buyers – and through a cloud-based vehicle to everything (v2x) infrastructure to send and receive car data that can be used to create services. Therefore, carmakers, suppliers, and dealerships are under intense pressure to transform their businesses and prepare for the future of mobility. These are creating challenges for CFOs in managing cash, balancing risk and complying with key regulations such as ASC 606, 842, and 815.

Bramasol’s technical expertise and industry experience will assist you in becoming future-ready in all aspects of your business. Bramasol was chosen by leaders in Automotive to design and deliver functional, technical and business consulting for Digital Solutions Economy, Revenue Recognition, Lease Management, and Treasury solutions. We can help you start or enhance your digital transformation – no matter where you are in your journey.”

Several key trends in the medical device and technology industry are shaping how technology needs to support them. As more and more healthcare providers are squeezed to lower costs and provide flexibility they will want XaaS models such as leasing, usage/consumption and rental models for major equipment. Further, as software drives more and more of the devices and IoM (Medical)T becomes more prevalent, so too, becomes the need to support complex bundles and service arrangements. Ongoing impacts of pandemics, like COVID, that require ongoing, regular testing will also impact how devices are offered and medicines are licensed. To compete, Med Device and Life Science companies will need to increasingly address revenue recognition and implementation of customer driven business models that are at the core of the Digital Solutions Economy {make this a hot link]. Bramasol continues to support leaders and innovators in this industry with innovative solutions that are secure, scalable and efficient.

The only constant in today’s manufacturing environment is disruption. Disruption from new tech-based entrants to the decoupling of the global supply chain. Consumer preferences are constantly changing, and new distribution models are reshaping the industry. Disruption, on the other hand, brings with it the potential to innovate. Manufacturing includes not just products, but services, software, and complex licensing arrangements, as well as both sell to and sell through distribution models. To stay competitive, organisations must be able to integrate new business models and technologies to accelerate and adapt. As experts in complex Multi-Element Arrangements and the application of variable consideration in compliance solutions, Bramasol has been the natural choice for many companies who need an elegant way to manage these complex reporting scenarios.

“Retailers face new challenges in the way goods are marketed, bought, fulfilled, delivered, and sold in a highly competitive marketplace, but emerging technology innovations are ushering in new opportunities as well. Retailers can leverage technologies, such as cloud, AI, robotics, IoT, and VR/AR, to provide the shopping experiences that delight customers. The global health crisis has impacted retail in many ways, as we see the silver lining to speed up the digital transformation, with a massive shift to Online Retail. During 2020, the e-commerce business in the US grew as much in 5 months as it did in the previous 5 years. The traditional aproach between sectors is collapsing. Innovation in sectors such as payment systems, e-commerce , Industry 4.0 etc. is fundamentally disrupting businesses. Any disruptive approach in digital transformation for retail hence, needs to factor in a multi-disciplinary view of implementation with a mix of analytical and creative capabilities.

Understanding changing trends and unique customer preferences is key to the success of every retail business.

Improving customer experience at speed and scale remains a top priority and major driver of change. Consumer companies’ ability to leverage multiple monetization and payment methods enables real-time contextual customer journeys — a cornerstone of competitive differentiation. Still, many companies continue to endure outdated processes and lack proper systems to meet the needs of today’s business. Bramasol being a leader in Digital Solutions Economy has been an ideal solutions provider in these evolving times and support the industry to design, build and deliver a financial solution that is compliant with the new regulations ASC 606, 842, and 815.”