More than 400,000 businesses are currently using or planning to implement SAP ERP solutions; most of these are small and medium-sized enterprises (SMEs). That accounts for 87 per cent of the companies on the Forbes Global 2000 list. There is a good chance that you have used SAP if you have ever done online shopping. SAP is responsible for 74% of all transactional revenue that is processed somewhere in the world.
The primary aspect that sets SAP S/4HANA apart from traditional relational databases is its distinctive architectural design, which offers a striking departure from the norm. It operates in memory, and the data is stored in columns; this makes it possible to perform computations and analytics much more quickly and in very close to real-time.
SAP/S4HANA is designed to provide end users with active decision support in real-time, which is data-driven and considers both internal and external data sources. This is a departure from the traditional function of merely recording data.
The most important aspect of SAP S4/HANA is that it enables businesses to operate faultlessly in digital economies. Throughout the years, this has been one of the primary motivating factors for a variety of companies that use SAP ERP to begin seriously contemplating the business benefits of S4HANA and to decide whether or not they should implement this updated ERP solution.
What exactly is SAP S/4HANA?
In February 2015, SAP announced S/4HANA as the latest version of its Enterprise Resource Planning (SAP ERP) system. S/4HANA is intended to run on SAP’s advanced in-memory database HANA and offers the most up-to-date user experience possible through SAP Fiori. In addition, it will create a “core” that will connect your business to people, networks, Big Data, and the Internet of Things.
Using a two-tier placement method and real-time analytics, a S/4HANA migration allows your company to improve the integration between its head office and its other locations. Thanks to machine learning, your business’s supply chain and accounting functions can benefit from improved efficiency, automation, and agility.
The new version of S/4 HANA, released on the 15th of September, includes many new features and improvements. The most recent SAP database is called HANA, and the ERP software release known as S/4 is the version that operates on top of HANA. This suite is designed to run an enterprise’s day-to-day processes, including consolidating and automating core business processes while using a more straightforward data model.
The software allows you to improve your company’s business processes with intelligent automation, RPA, which stands for robotic process automation, and AI, which stands for artificial intelligence. It provides embedded analytics to support faster decision-making.
Reasons to Use SAP S/4 HANA
SAP S/4HANA Cloud was designed to run in your organization’s existing data centre, SAP’s HANA cloud, or the public cloud using Azure, Amazon Web Services (AWS), or Google Cloud.
Built on the cutting-edge SAP HANA platform, the SAP S4HANA enterprise resource planning (ERP) system is the latest and greatest business suite available to SAP users and customers. Your business can significantly simplify its system landscape and cut its operating costs due to this. In addition, it offers a wide range of industry-specific add-on software solutions that are already installed and ready to use.
At the moment, more than 1,300 businesses worldwide are utilizing S/4 HANA, and there will be more in the future. The vast majority of companies anticipate upgrading to S/4 by the year 2027. S/4 HANA is also compatible with SAP’s browser-based Fiori user interface, which results in an improved user-centred work experience for frequently employed functions.
What kinds of benefits can customers anticipate from using SAP S/4HANA?
SAP S/4HANA was developed from the ground up for the SAP HANA platform, making it a revolutionary leap forward in terms of the complexity it eliminates, the amount of time and resources it saves, and the incredible new capabilities it offers. It provides one-of-a-kind benefits to every stakeholder (business managers, IT managers, and so on). The benefits of implementing SAP S/4HANA are extensive and varied, ranging from decreased costs associated with maintenance to accelerated report generation, increased contextual awareness, democratized data access, and the ability to prepare organizations for the “digital core.” Let’s delve deeper into why SAP S/4HANA is a solid investment for your company.
Why Businesses Should Consider Upgrading to S/4HANA?
Although there are a significant number of reasons for businesses to migrate their operational models to S/4 HANA, the following are the primary business drivers that SAP customers cite as reasons to migrate:
Simplification accounts for 31%
In terms of performance, 26%
Finance Enhancement, 13%
Fiori/Mobile support, 12%
S/4 HANA is currently being used by only about 1,300 of SAP’s customers. Where does that leave the other businesses that utilize SAP?
- In the next five years, 51% of companies intend to migrate into the S/4HANA system.
- 29% are opting to keep SAP ECC in its current configuration.
- 19% are still undecided
- 1% plan to migrate to a different ERP vendor
The Advantages of Using S/4 HANA
According to SAP’s assertions, the S/4 HANA platform can provide the following benefits to your business (presumably in comparison to their earlier versions of alternative software solutions):
- Cost reduction of 70% on the purchase of software
- Get a discount of 15% when you buy some hardware.
- 20% savings on labour
What Should You Anticipate When Using S/4 HANA?
The HANA database was designed with speed in mind, and when compared to other databases, it moves at a breakneck pace. As a consequence of this, the primary advantages of the platform that SAP S/4 HANA runs on are as follows:
- 1350 times more rapid reporting
- 1,000 times quicker analytics
- 200x faster response times
Highbar Technocrat Limited, an SAP Gold Partner, helps clients in India and abroad to help them manage change. Highbar adopts an integrated approach to help you rethink your business, with a high level of agility and efficiency. At Highbar we see disruption as an opportunity to help clients transform their business with granular solutions. Handling change requires confidence in decision making and Highbar enables this confidence in clients.
Our forte is offering digitally integrated solutions for the Infrastructure, EC&O, Real Estate, Mining, Oil & Gas, Power, Smart Cities, Government, Manufacturing sectors, and a lot more. Our domain expertise combined with the ERP helps clients become intelligent enterprises and highly receptive to the needs of customers. With our strategic alliances, we help clients transform business operations, leverage data, and integrate sustainability to match the speed of change.
For further information, don’t hesitate to contact us by e-mail at email@example.com or by telephone at +91 89767 11399.