Top 6 SAP S/4HANA Business Benefits you must consider
SAP S/4HANA is the intelligent ERP which uses the complete power of the SAP HANA in-memory database. Since its introduction in 2015, it has undergone numerous developments and is now poised as a true winner in the ERP Market. Therefore, it is vital to understand the SAP S/4HANA Business Benefits which you can leverage to enhance business value through digitization and digital transformation with SAP S/4HANA.
To start with, SAP S/4HANA has many advantages (What is the difference between SAP S/4HANA and SAP ECC?). It leverages on the HANA in-memory platform and its columnar data storage mechanism to provide near real-time analytics and computation capabilities. In addition, SAP S/4HANA provides end-users with active decision support driven by data (external and internal) in real-time. However, most importantly, the biggest advantage of SAP S/4HANA is that it allows organizations to work seamlessly in a digital economy. This has been a key driving factor for businesses to start considering the business benefits of SAP S/4HANA and make an informed business decision regarding their ERP.
So, what are the business benefits of SAP S/4HANA?
SAP S/4HANA introduces a healthy dose of simplification to management and administration of the IT landscape. SAP S/4HANA enables centralization of hardware and network resources. Therefore, it is the digital core for business process simplification with the power of the SAP HANA in-memory database.
With SAP ECC and older systems, enterprises often face issues of multiple batch-run dependencies. However, with SAP S/4HANA, you benefit from the elimination of aggregate tables and reduced processing time. In addition, your systems can easily respond to transactions and queries. All this ensures that you can spend your efforts on strategic growth efforts.
SAP S/4HANA offers improved performance. It allows you to plan, execute, and generate reports & analytics based on live data. In addition, you can trigger period closings and provide improved predictions. Moreover, SAP S/4HANA enables your organization to provide better service for customer-centric applications. The ever-so powerful SAP HANA offers increased contextual awareness and democratized data access.
SAP S/4HANA sets the stage for future innovation. Technology is evolving rapidly. Therefore, merely ‘keeping up’ is no longer sufficient. Enterprises must stay ahead of the digitization curve and make decisions which are future ready.
Applications built on SAP S/4HANA applications leverage speed, context and data accessibility like never before. In addition, they drive cloud adoption. The cloud platform enables organizations to deliver innovative solutions and widen the capabilities offered by SAP S/4HANA.
Adopting SAP S/4HANA (What are the ways to adopt SAP S/4HANA?) is a smart move, as far as cost efficiency is considered. You have the ability to bring together all analytical and transactional capabilities of a plethora of systems onto one location. This enables better, informed decision making which can help your business drive better ROI.
SAP Fiori provides a modern design for a completely innovative user experience. It enables users to easily access Overview Pages, Work Lists and List Reports. SAP Fiori’s UI is designed to be highly intuitive, personalized, responsive, and simple. Therefore, users can prompt questions and access required details, regardless of the device or mode of deployment. This allows an organization to evolve and drive new revenues, connect with customers at a deeper level, access IoT and Big Data, and most importantly, gain relevant insights into any data, in real-time. Hence, organization can make decisions faster, a factor which is crucial for enterprises in the current digital age.
6. Easy transition from on-premise to cloud
A major benefit which comes along with adopting SAP S/4HANA is that it offers an easy transition to the cloud. Since a move to the cloud can happen at any time in an organization, this is an important benefit for business leaders to consider.
However, the decision to adopt SAP S/4HANA is not a simple move. Just understanding the SAP S/4HANA Business Benefits does not mean you are ready to adopt SAP S/4HANA. It requires deep thought, intensive assessments, and a careful evaluation of the benefits your organization can leverage to stay ahead of the digitization curve and compete in today’s business environment.
Having completed a variety of SAP and SAP S/4HANA projects across multiple industry verticals, Kaar Technologies can help you with this process. If you want to understand our customer success stories, take up an SAP S/4HANA readiness assessment or need a consultation on the strategic path to digitization with SAP S/4HANA, please get in touch with me at firstname.lastname@example.org or send us a message on our website.