Bramasol Participates in the Latest SAP Innovation in Revenue Recognition

FOR IMMEDIATE RELEASE

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Bramasol, a leader in consulting services for the SAP® Revenue
Accounting and Reporting application, today announced that it has
taken on coaching roles at key clients throughout the U.S. As a
partner in co-innovation and key participant in the SAP Ramp-Up
program for SAP Revenue Accounting and Reporting, Bramasol is working
with the Professional Services organization at SAP as the ramp-up
coach on key accounts across the US.(Free-Pr-Online.com)

With the need to comply with both existing and updated standards for
revenue recognition, companies are preparing to ensure that their
business processes and infrastructure can be productive and compliant.
SAP and Bramasol are collaborating to support key customers as they
tackle their current and future revenue recognition challenges using
SAP Revenue Accounting and Reporting.

In May 2014, the International Accounting Standards Board (IASB) and
Financial Accounting Standards Board (FASB) issued the new
International Financial Reporting Standard (IFRS 15 / ASU 2014-09, ASC
606), which specifies the accounting guidance for revenue recognition.
The new standard becomes effective January 1, 2017 in countries
adhering to U.S. GAAP and to IFRS.  It will impact companies in every
industry in countries around the world.

“Bramasol has a long history of working closely with SAP on the
latest innovations, including cloud computing and SAP HANA. This is
just another way we do that,” said Dave Fellers, CEO of Bramasol.
“We are excited to partner so closely with SAP, and expect to bring
tremendous value and thought leadership to our clients in the area of
revenue recognition. The SAP Ramp-Up program is a great way for our
clients to get ahead of the curve.”

“As part of the SAP Ramp-Up program, Bramasol has been a great
partner in providing skilled expertise in implementing SAP Revenue
Accounting and Reporting for our customers,” said Pete Graham,
Director, Finance Solutions and Mobility at SAP.

Bramasol has engaged with over a dozen companies in High Tech,
Software, and Manufacturing in partnership with SAP, leveraging their
SAP- certified experts in SAP Revenue Accounting and Reporting to help
guide companies to compliance with upcoming standards.

About Bramasol, Inc.

Bramasol delivers business solutions for mid- to large-size companies
throughout the western U.S. as an SAP gold channel partner. The
company specializes in developing, selling, implementing and
supporting SAP software within five core industries: high-tech
software; high-tech OEM; discrete manufacturing; telco, wireless, and
internet services; and sports and venue management. Product expertise
spans solutions including SAP Business Suite, SAP Business All-in-One,
SAP BusinessObjects™ Business Intelligence solutions, SAP cloud
solutions including SAP Business ByDesign®, the SAP HANA® platform
and mobile solutions. With a strong history with SAP and a focus on
SAP solutions, Bramasol began as one of SAP’s first channel partners
in 1996 and continues to drive thought leadership and innovation today
in support of the latest SAP technologies. The Bramasol team believes
every business has the right to excel. The company offers high-quality
consulting and support services to help customers solve their toughest
challenges using products from SAP, the world leader in enterprise
software and software-related services (by revenue).
http://www.bramasol.com/

SAP, SAP HANA, ByDesign, BusinessObjects and other SAP products and
services mentioned herein as well as their respective logos are
trademarks or registered trademarks of SAP SE (or an SAP affiliate
company) in Germany and other countries. See
http://www.sap.com/corporate-en/legal/copyright/index.epx for
additional trademark information and notices. All other product and
service names mentioned are the trademarks of their respective
companies.

SAP Forward-looking Statement

Any statements contained in this document that are not historical
facts are forward-looking statements as defined in the U.S. Private
Securities Litigation Reform Act of 1995. Words such as
“anticipate,” “believe,” “estimate,” “expect,”
“forecast,” “intend,” “may,” “plan,” “project,”
“predict,” “should” and “will” and similar expressions as
they relate to SAP are intended to identify such forward-looking
statements. SAP undertakes no obligation to publicly update or revise
any forward-looking statements. All forward-looking statements are
subject to various risks and uncertainties that could cause actual
results to differ materially from expectations The factors that could
affect SAP’s future financial results are discussed more fully in
SAP’s filings with the U.S. Securities and Exchange Commission
(“SEC”), including SAP’s most recent Annual Report on Form 20-F filed
with the SEC. Readers are cautioned not to place undue reliance on
these forward-looking statements, which speak only as of their dates.

For more information:
Neeraj Dharia
VP Business Development & Revenue Accounting
[email protected]

John Froelich
VP Strategic Accounts
[email protected]

Phone: +1 (650) 636-8811
Website: http://www.bramasol.com/

Bramasol specializes in developing, selling, implementing and
supporting SAP software within seven core industries: high-tech
software; high-tech OEM; discrete manufacturing; telco, wireless, and
internet services; professional services; life sciences; plus,
developed and offers a unique solution based on SAP software for
sports and venue management. For more information visit
http://www.bramasol.com/

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