Role of SAP S/4HANA Cloud in Empowering your BusinessCategory: SAP S/4HANA Finance Posted:Nov 02, 2017 By: Ashley Morrison
Core Business Functions are experiencing a fresh wave of profound simplification and innovation through SAP S/4HANA Cloud Solutions. The next generation of Cloud ERP is being ushered in by SAP through its in-memory computing feature which acts as a digital core. This strings together the enterprise with individuals, Business networks, IoT, Big Data, and a whole lot more.
Scalability, comprehensive high-grade security, and effortless data management are all hallmarks of Cloud Solutions and all these are incorporated into SAP S/4HANA’s Cloud solution. S/4HANA Cloud taps into the potential of S/4HANA while removing the need for internal IT requirements. This is aimed at making enterprises more Agile while enhancing productivity across the organization. Cross-functional transparency and holistic simplification along with simultaneous optimization of Business processes are possible here. There are turnkey processes that aid finance, order-to-cash, plan-to product and a whole lot more. Digital Businesses stand to gain the most from this product which can profit from enterprise-ready functionalities for use.
Why move to SAP S/4HANA Cloud?
New age enterprises require intelligent systems that filter redundant data and processes. Also needed would be predictive and analytical capabilities which will enable organizations to learn from Business patterns and employee tendencies put together. The SAP S/4HANA Cloud Solution comes with powerful analytics making ERP intelligent and providing real-time data-driven insights. Add to this, its co-existence in a heterogeneous system and native integrations to other existing SAP solutions make it a powerhouse of an application.
Given below are great reasons to move to SAP S/4HANA Cloud:
- It is a comprehensive SaaS offering that is updated automatically, giving access to the latest innovation from the house of SAP.
- Scalable and highly Flexible subscription models to aid adaptability.
- Best in class Best Practice processes which are ready to run.
- Contextual analytics which pack quite a punch in terms of predictive insights which are in real time.
- Stunning User experience through Fiori.
- Activate methodology which allows for Accelerated Implementation.
- International and Local reach.
Checkout the Article-SAP HANA, S/4HANA, and S/4HANA Finance in a Nutshell
SAP S/4HANA Enterprise Management Cloud
This feature has content that is pre-configured for various core enterprise processes such as supply chain, manufacturing, procurement, finance, and more. Also offered by the SAP S/4HANA EM Cloud are the SAP integration best practices that are used to integrate with other cloud solutions like SuccessFactors Employee Central and Ariba. The SAP S/4HANA EM Cloud also aids in cutting down the cost of operations using standardized processes while managing multiple geographies, ledgers with international and country-specific content. Also possible would be the update and modification of customer dictated configurations through the use of SAP S/4HANA life-cycle management tools.
SAP S/4HANA professional services cloud
This manages the whole project lifecycle using a single system to gain real-time visibility into overall project performance and profitability. This means that enterprise process and analytics happen in real-time in a manner that is simpler, faster and smarter as well. This in turn allows for deployment and allocation of the right resources to the right projects and at the right time. The primary Business value of such a commercial project management solution product is the integration of processes ranging from project creation, staffing and time recording, all the way to accounting and financials.
An intuitive user experience aids in managing internal and customer projects by providing a holistic view of procurement, commercials, finance, and the complete workforce in real time.
SAP S/4HANA Professional Services Cloud helps minimize the time taken from project delivery to encashment. It can also quickly adopt and implement a solution with Business content to drive margin, profit, and utilization across the whole project organization.
Given below are the benefits in adopting SAP S/4HANA Professional Services Cloud
- The ability to help customers and clients with project definition tasks.
- Helps customers with project definition tasks like define and manage projects in an easy and secure manner.
- The ability to staff project intuitively and handle project monitoring tasks like drilling-down to project-related analytics and key performance indicators such as cost performance, work performance, and economic analysis. All these can be done with flexibility.
- The ability to handle project review tasks like keeping records of project-related expenses and offering a single source of truth, with no aggregates.
SAP S/4HANA Finance Cloud
This offers pre-configured content for finance along with core procurement and sales processes. SAP Fiori steps in to support all such processes for role-specific user experience that is simple and intuitive as well. Fiori overview pages give real-time insight into data for complementing Business processes, embedded analytics, and more.
Given below are the benefits for this which includes:
- Minimization of operations cost through use of standardized processes.
- Managing multiple subsidiaries, geographies, divisions and or departments and ledgers with global and country-specific content.
- Driving operational efficiencies and compliance with regulations made easy.
- Empowering enterprises and IT users on equal terms with a guided configuration.
- Obtaining value at an accelerated pace from best practices. All this made possible with a modular approach to the functionality implementation.
Checkout the Article-Users Should Know About: SAP S/4HANA Sourcing & Procurement
SAP S/4HANA Cloud is a blend of cutting-edge technology and simplicity that offers enhanced performance on various levels and is sure to amass a lot of enterprise customers. Flexibility and scalability are the buzzwords in today’s market scenario where enterprise operational requirements are top priority, and this SAP product promises both!
I hope that by now you have had an overview of SAP S/4 HANA Finance. Before you enroll in ZaranTech’s certification course on SAP S/4 HANA Finance, do check out the S4 HANA Finance demo: