Benefits of using S/4HANA with SAP Analytics CloudCategory: SAP Analytics Cloud Posted:Aug 21, 2020 By: Alvera Anto
For companies already using SAP S/4HANA to handle all areas of their organization from HR, sales, marketing, money, manufacturing, etc., SAP Analytics Cloud is a perfect complementary option.
While S/4HANA consists of embedded analytics as a common feature, there is still a terrific benefit to having SAP Analytics Cloud as a separate analytics tool.
In this blog post, we’ll look at how SAP Analytics Cloud enhances SAP S/4HANA embedded analytics to make the best use of the value of SAP S/4HANA.
What is SAP S/4HANA?
For those not familiar with SAP S/4HANA, it’s an Enterprise Resource Planning (ERP) software that assists with the integration and management of service activities such as planning, purchasing, manufacturing, sales, advertising and marketing, and more. It functions as an organization’s digital core, containing a collection of integrated applications that can accumulate, purchase, manage, and examine the data.
SAP S/4HANA Embedded Analytics
SAP S/4HANA has its embedded analytics tool, which allows users to engage with real-time information. It has projecting capacities that help you predict, simulate, and carry out what-if evaluations. You can also create business dashboards and reports where you can drill into transactional data to address ad-hoc concerns and find insights about your business.
By bringing transactions and analytics with together in a single platform, SAP S/4HANA embedded analytics serves as a single source of truth without the requirement to access other tools or switch between displays.
What is SAP Analytics Cloud?
SAP Analytics Cloud is a cloud-based analytics tool that businesses of all sizes can make use of to assess their data. Data can be imported or linked real-time, designed, and converted into charts, tables, and other data visualizations to extract richer meaning and help notify more data-driven decision making.
Given that SAP S/4HANA embedded analytics and SAP Analytics Cloud sound similar, you may be wondering what’s the difference and why it’s a good idea to have both.
There are many advantages of using SAP Analytics Cloud with SAP S/4HANA embedded analytics, here are a few of the major ones.
Data on the go
While both SAP S/4HANA and SAP Analytics Cloud can be deployed in the cloud, SAP Analytics Cloud has a mobile app for the iPhone. This enables you to view and share stories on your mobile phones. Because every little thing is on a safe cloud network, your data can be accessed anywhere there’s a net connection.
Integrate other data sources
SAP Analytics Cloud can draw in data from a host of SAP and non-SAP data sources, providing you with a much richer overview of your company. You can assess information from several data sources, including:
- SAP Fieldglass
- SAP SuccessFactors
- SAP Ariba
- SAP Concur
- Google Analytics
Advanced modelling abilities
SAP Analytics Cloud provides enduring modeling capacities that are compatible with SAP S/4HANA, giving you control and personalization over your data. Our modeling capabilities allow you to cleanse your data so that you can obtain a more precise analysis. You can set up multi-level hierarchies, advanced formulas, and aggregation, currency conversion, fix errors on a large scale, and more.
In the card view setting, you can obtain a better introduction to your data.
Live data connection
S/4HANA uses an online data link with SAP Analytics Cloud.
Live information connections are a great deal like flying first class, as soon as you experience it, it’s tough to go back to train. SAP Analytics Cloud links live to SAP S/4HANA, which means that any type of modifications made to your data in the resource is reflected instantly in SAP Analytics Cloud.
The advantage of linking your data this way is that the data remains in the source system so you’re not moving big quantities of information. Any existing versions you have can be used directly by SAP Analytics Cloud to build stories for visualization and analysis without replicating the data.
Other options cannot do this; they need the cumbersome and laborious task of exporting data from the ERP, modeling in Excel, and importing into the analytics option. With SAP Analytics Cloud, getting one of the most up-to-date data is a matter of hitting the refresh switch.
Incorporating Digital Conference Room
SAP Digital Conference room is an add-on feature of SAP Analytics Cloud. It allows executives to transform conferences from fixed presentations to completely interactive discussions based on real-time data.
Bring information from third parties, competitors, HR, and your financial data to give a real-time view of the business performance across an entire business and industry and picture all the critical metrics you need.
Dive deeper into your line of product to find which products are selling and which regions are most profitable. You can also set up alerts to notify you of things you need to be aware of. This is good for assessing specifically where your business goes to present or what it did in the past.
SAP Analytics Cloud integrates seamlessly with SAP S/4HANA, combining all industries into one effective and robust analytics solution.
Now, if you’re willing to learn from the best, then you’re in the right place. At ZaranTech, we offer self-paced online training SAP Analytics Cloud conducted by experienced industry experts. Browse through our course page for details.
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