Does Your Company Have an Expiration Date?
It’s a fact that the vast majority of companies do not use all of their potential. No matter if it has something to do with the inadequate use of a company’s resources, insufficient competitiveness, or something else. The time when companies could be inert and simply survive on the market has long passed. Today, companies that refuse to modernize or invest in new tools are letting everyone know that they have an expiration date.
That is why smart companies are constantly developing and doing everything they can to be one step ahead of their competitors. One of the ways they do this is by investing in quality and sustainable ERP – such as SAP S/4HANA Cloud, public edition.
The Cloud Version of the ERP Titan
SAP S/4HANA Cloud is the SaaS version of the SAP S/4HANA ERP. It was first launched in 2017, and every year it gets better and better in terms of the possibilities it offers. Because of S/4HANA Cloud, SAP has been recognized as an industry leader in Gartner’s prestigious Magic Quadrant™ for two years in a row.
With this ERP, SAP has created an intelligent system that facilitates digital business transformation for companies. Today, SAP S/4HANA applies the industry’s best practices and offers continuous innovation. Its foundation is the SAP HANA database, which uses in-memory data processing and real time data access.
But what does it look like in practice?
SAP S/4HANA Cloud users state that with the help of this ERP they were able to:
- unify business processes and visibility
- improve performance and business insights
- better plan their capital
- reduce response time
Similar success stories can be found in hundreds of companies – regardless of where they are located, their industry, and how many employees they have.
What Can SAP S/4HANA Cloud, Public Edition Do for Your Company?
There are three technologies that, according to SAP, represent the foundations of intelligent ERP.
✔️ Digital assistant: SAP S/4HANA Cloud uses SAP CoPilot – a virtual assistant that monitors the user’s work. It helps users in their tasks by providing them with relevant information. Thus, employees can perform their jobs faster and better.
✔️ Machine learning: With machine learning, SAP S/4HANA Cloud automates repetitive tasks and thus reduces the frequency of errors. This means that the ERP constantly absorbs and processes new data, and thus develops with your business.
✔️ Predictive Analytics: Built-in analytics tools can predict the results of certain activities and can be developed into applications. Such tools are more precise and faster than any human, and make businesses more agile.
Modules for All Needs
The main features of SAP S/4HANA Cloud are the following modules: Finance, Sales, Procurement, Manufacturing, and Professional Services Automation (PSA).
1. Finance
This module allows for increasing the efficiency and accuracy of financial reports, improving cash flow management through a centralized and complete overview in real time. It automatically prioritizes payments, overdue invoices, and high-risk clients. Centralized financial, tax, and management reporting ensures compliance across all departments in the company.
2. Sales
With this module, you can manage bulk orders of physical and digital products and services from one place. You can centrally track profit, costs, and revenue from order items and automate deadline and expiration alerts.
Sales representatives will be more successful with a clear to-do list, personalized home page, order overview, and key sales performance metrics. You can track the status of each order in real time and simplify invoicing by integrating billing and accounting.
3. Procurement
The procurement module enables the monitoring and management of every procurement step in real time. You can automate workflow and analyze purchase orders, contracts, invoices, and requests. It is possible to increase sustainability by evaluating and comparing the carbon footprint of goods from different suppliers. It’s easy to make timely decisions thanks to fast access to clear, complete real-time data. That way, you can more easily build a strong supplier network with a transparent overview of your suppliers.
4. Production
This module enables production optimization by ensuring operational excellence and integration of production processes. You will successfully meet customer requirements by identifying defects in time. You will be able to see the progress of your production orders in real time, as well as find and solve problems. It is also possible to monitor stocks in order to deal with shortages and satisfy demand.
You can automatically match supply and demand, order materials, and find suppliers with the capacity for higher production. With customizable dashboards and reports, it’s possible to have real-time inventory insights and track the status of inbound and outbound shipments. Provide capacity, vehicles, and routes for the delivery of goods and thus shorten the delivery time.
5. Professional Services Automation (PSA)
Optimize and manage user projects with this module. With intuitive and accessible insights, you can make data-driven decisions that increase profitability and accelerate growth. The module enables communication with colleagues through built-in collaboration tools. You can track project status and resolve issues in real time based on simplified financial management. A single dashboard helps analyze collected and uncollected revenue to invoice clients accurately and on time and identify potential issues.
Advantages of SAP S/4HANA Cloud, Public Edition
Standardization
For more than 50 years, SAP has been providing solutions that enable users to standardize their business processes. Within SAP S/4HANA Cloud, you can find the “Best Practices Explorer” which contains the best practices for business processes and speeds up and facilitates the implementation of SAP S/4HANA Cloud. It is possible that your business processes are currently not in line with the best practices, and you are thus falling behind others.
Scalability
SAP S/4HANA Cloud can easily scale to adapt to the growing needs of any organization. Resources and functionality can be added or reduced as needed, making it flexible for organizations of all sizes.
Scalability ensures quick implementation of changes and general flexibility, contributing to business reliability. Therefore, you won’t have the need for a new ERP solution.
Intelligence and Automation
SAP S/4HANA Cloud is based on intelligence and automation. It consists of machine learning, intelligent Robotics Process Automation (iRPA), Internet of Things (IoT), and situation handling. The aforementioned enables companies to work smarter, it reduces time spent on manual activities and focuses on gathering insights and analyzing current and past efficiency. Also, it helps companies work in an environmentally responsible and sustainable manner.
Affordability
Finally, SAP S/4HANA Cloud is affordable. It does not need to be implemented but only deployed, which means that the company can enjoy the business benefits earlier. Since it is a SaaS application, SAP is responsible for maintenance – the user does not have to invest in this. In addition, all upgrades are provided to all users at the same time – thus reducing the user’s responsibility for testing. SAP S/4HANA Cloud is modular software, which means that users only pay for what they actually use.
Overcoming Inefficiency With ERP
The International Data Corporation (IDC), sponsored by SAP, conducted research to find out what the challenges and priorities of medium-sized companies are and why some of them are better than others. The research focused on two groups of medium-sized companies – the most successful companies (“Leaders”) on one side, and companies at the opposite end of the scale (“Aspiring”) on the other.
It was shown that 92% of Leaders use or plan to use an ERP solution in their company, while only 49% of Aspiring do so. Digital business transformation is complete or in the final stages for 81% of Leaders, but only for 36% of Aspirings. Thanks to the aforementioned, Leaders can respond to problems better: in the last two years, it has been shown that they were efficient in their responses to business difficulties in 91% of the cases. The Aspirings were efficient in only 40% of cases.
The most successful companies are those that are able to change and develop innovative products and services. To achieve fast and successful innovation, it is necessary to choose an ERP that will not hold you back. With SAP S/4HANA Cloud, public edition, you can perform key operations in real time wherever you are, introduce new business models, and expand globally with a trusted partner. SAP is a leader in the business software market – a market where clients are mostly (80%) small and medium-sized companies. Rely on SAP, use their knowledge and experience, and turn your company into a smart and sustainable business.
Contact us today to completely transform your business.
