Strategic Finance &
BraunWeiss Finance and Business Process Services will empower the office of the CFO and Controllers, with Finance, Accounting and Advisory Services customized to your business needs, streamlining processes, optimizing Financial Systems and Operating models.
Strategic Financial Solutions and Intelligent Business Operating models driven by innovative digital technologies and applications Artificial Intelligence and expertise focused on your growth and success, Implementing and supporting new solutions with existing accounting practices.
Revenue Recognition and SAAS Accounting
BraunWeiss applies the Financial Accounting Standards Board (FASB) accounting standards and criteria for recognizing revenue. Recognize revenue on a straight-line basis by delivering your subscription service throughout entire subscription period, from day 1 to day 365 either on monthly or yearly subscription basis. Avoids mistaking cash with revenue SaaS companies usually make when transitioning from SaaS metrics to GAAP (Generally Accepted Accounting Principles) metrics.
For SAAS Accounting Revenue Recognition we identify the contract performance obligations, transaction price determination and allocation to contractual performance obligation and recognize revenue for each performance obligation. BraunWeiss Revenue recognition methodologies separates SaaS accounting process from SaaS revenue. Updating key metrics MRR (Monthly Recurring Revenue) and ARR (Annual Recurring Revenue) based on client/customer on-boarding bringing cash up-front and recognize revenue after delivery of service.
Accounts Receivable and Custom Invoicing
BraunWeiss automates Accounts Receivables to process payments faster by sending electronic custom invoices to your customers optimizing AR operations. Tracking invoice status, overdue invoices and generate business specific AR aging reports ensuring reminders are sent and corrective actions taken to Lower Days Sales outstanding and avoid losses and monitor credit.
Cash and Bank, Accounts Payable Automation
Critical function of finance and banking operations is reconciliation with multiple bank and credit card accounts with ability to automate cash management with the added benefit of visibility. BraunWeiss Cash & Bank automation includes automated bank statements imports, Reconcile bank statements with matching, mapping and categorizing accounts with configurable rules, gaining visibility across all bank accounts and legal entities creating reconciling transactions automatically. BraunWeiss automates the invoice process for AP teams to gain visibility into spending trends while avoiding paper invoices, paying vendors on time, reducing vendor inquiries, reducing manual data entry to prevent errors.
BraunWeiss AP automation provides bank integration ability to comfortably execute domestic or international payments supporting local or global operations. Transmit Payments securely from Financial Systems or ERP Applications supporting global fund transfer standards such as ACH, BACS, FPS, EFT, SEPA, BIC and others. Payment processing is centralized and automated with increased security and full control of sensitive financial information transmitted. Accounts payable processing with Vendor Payment Automation with inbound/outbound files and journal entries and FX automation, Automated email remittances, Support for Wire, Virtual Pay, Paper Check Printing and mailing services.
Digital Expense Management
BraunWeiss provides end-to-end expense management solutions. Our team customizes your method of processing, paying, and auditing employee-initiated expenses. Utilizing leading expense management applications, we automatically categorize and map expenses based on receipt images, enforce expense policy compliance, and reimburse employees.
Online Payroll and Tax Compliance
In addition to taking Payroll work off your plate, BraunWeiss stays on top of changing rules and regulations to help keep you compliant and protect you from potential fines and penalties. Our integrated approach will also sync your payroll data with other accounting applications, financial systems and time tracking and benefits applications.
Financial Reporting and Analytics
Implement financial reporting and analytical techniques for improving debt management, trend identification, liability management, progress and compliance assistance, and real-time tracking with insights for fast, accurate, and informed decisions while meeting requirements for US GAAP (Generally Accepted Accounting Principles), IFRS (International Financial Reporting Standards) and the GDPR (General Data Protection Regulation).
Financial Systems Implementation and Data Migrations
Increase productivity, decrease costs, and improve controls using the ERP Cloud with financials, procurement
project portfolio management and more. Develop integrated, and scalable financial management solutions in partnership with BraunWeiss to clearly articulate the company strategy and define your ideal business processes.
Migrate financial data from various sources and feeder systems and implement integrated financial applications. Our migration approach prioritizes financial data security and data privacy and we secure your business using the latest technology to ensure that sensitive information is always protected.
Historical Audit and Controls
We audit to examine business processes and evaluate compliance with all internal and external requirements. Continuous improvements allow management to anticipate potential problems, identify pitfalls for stakeholders to implement corrective actions in a timely manner, and determine the effectiveness of controls within a process.