| Developers: | SAP SE |
| Technology: | Accounting systems |
SAP RAR (SAP Revenue Accounting and Reporting) – the solution on automation of accounting of revenue according to IFRS which gives the chance to automate and simplify process of revenue recognition, but at the same time having saved for auditors and the management detailed data under agreements, providing transparency of transactions.
2019: Description of SAP RAR
From the moment of the first publication of the standard, SAP began to develop the solution on automation of accounting according to IFRS 15.
SAP RAR provides "seamless" integration with such components as SD (Sales and Distribution is the Sale module), CRM (Customer Relationship Management is the solution on customer relationship management) and Hybris billing (the solution for digital products and services). Nevertheless, others non-SAP of a system can be data sources also. The solution Data Hub which allows to harmonize data and to enrich with the analysts required for the reporting can be for this purpose used. By transfer of positions of accounting of revenue on an input in SAP RAR, data will be transformed to obligations to execution, using the configured rules.[1]
Notes
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