Why the SAP S/4HANA 1610 Release is Ground-breakingCategory: SAP S/4HANA Finance Posted:Feb 23, 2017 By: Ashley Morrison
Hot on the success of the on-premise 1511 edition of SAP S/4HANA Enterprise Management, SAP released SAP S/4HANA 1610 on October 31, 2016.
With revolutionary new functions and considerable simplifications across lines of business, the SAP Fiori 2.0 user experience, the addition of the full SAP S/4HANA Finance scope, SAP S/4HANA 1610 picks up where its precursor left off on its set of objectives to radically change ERP for the digital age.
SAP S/4HANA was designed to enable businesses to both masters the challenges and leverage the benefits of digitalization for businesses in today’s IT marketplace. As the modern digital core, it serves as the nerve center of the enterprise. Built on the SAP HANA platform, SAP S/4HANA has the power to significantly accelerate the speed of both transactional and analytics performance and radically reduce an organization’s data footprint. As an intelligence system, it offers Decision-Making support, Simulation, Pattern Recognition, and Prediction and Forecasting capabilities to help organizations completely transform from the reactive to the proactive. This means enterprises will be empowered to act in advance to resolve issues rather than reacting to a business situation on the spot.
Integration extends beyond departments, from suppliers and customers to the workforce, with the Internet of Things (IoT) making immediate and valuable insights across an entire business a reality. SAP S/4HANA 1610 has built on and further advanced all of these capabilities to create the most innovative on-premise release ever.
Given below are some of the features that make the new SAP S/4HANA 1610 stand out from the competition:
1. Next-Generation UX with SAP Fiori 2.0
A major innovation in SAP S/4HANA 1610 is the SAP Fiori 2.0 visual theme which uses tiles, links, the search function, through which users access all the applications they need from an individual and highly customized entry point. This exciting new interface provides list reports, overview pages, and worklists based on domain-specific information and also provide tailored task overviews, with notifications alerting users to priority issues. Going forward, users can investigate and resolve open issues- with the SAP Fiori visual theme applied across the board, even to own developments. Given below is an image of the SAP Fiori Visual theme
2. Expanding the Core
Based on SAP S/4HANA’s simplification road map, there are several developments that have been rolled out in their entirety in the freshest release of SAP S/4HANA.
SAP has now included the complete scope of SAP S/4HANA Finance in the 1610 release. This leads to a single source of data for all Financial data paving the way for highly optimized Financial Accounting processes. This is aimed at helping Finance experts in companies enhance efficiency and uphold compliance. SAP Financial Statement Insights, real-time understanding with SAP RealSpend and parallel valuation methods profit, legal and group centers allows for reporting of profitability for both the group as a whole and as individual units.
Next, SAP S/4HANA 1610 has included SAP Extended Warehouse Management (SAP EWM) which also comes with flexible deployment options, allowing customers to run SAP EWM either as a centralized or a decentralized application. This release also comes with innovations like the supported use of 40-digit material numbers and the direct use of master data. The major advantage consists of the central consistency that SAP S/4HANA supplies enterprises. This release cuts out redundancies and duplications, presenting businesses with a highly simplified SAP system.
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3. Innovating the Core
SAP S/4HANA provides customers with the software to deal with the fresh opportunities provided by the digital age, such as Big Data, Business Networks, IoT, and Machine Learning. It also generates software for completely new technologies that are fundamentally the results of this digitalization.
Today’s markets which host a lot of smart products, sees SAP S/4HANA 1610 address this demand with the latest on-premise release, using embedded software. Everything from cars and phones to household appliances has “built-in” software powering them.
SAP S/4HANA 1610, has entirely new capabilities that support manufacturers in the management of such software across the whole product lifecycle. Enterprises can speed up new product development by quickly responding to information collected from their intelligent products and also help leverage requirements-based product design and impact analysis. Businesses can also monitor the product development status, including Quality, Design, and Development progress.
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