Users Should Know About: SAP S/4HANA Sourcing & ProcurementCategory: SAP S/4HANA Finance Posted:Apr 11, 2020 By: Robert
SAP S/4HANA Procurement provides very important features that are essential for taking care of all internal purchasing processes. The well-known and still existing functions of the ERP Material Management Module (SAP MM) have been supplemented by a modern user interface with numerous SAP Fiori apps. Consequently, the user can process a constantly expanding variety of documents relevant to buy with user-friendly applications. For example, the whole demand process. Catalogs can be used and free text requests can be addressed to the purchasing department. Of course, an approval process rounds off the solution package.
Along with the transactional applications, the job of buyers is supplemented by a variety of analytic applications in S/4HANA, to ensure that one of the most important KPIs constantly remain in the processor’s view as well as vital problems can be refined with high priority.
The following releases will also further enhance centralized purchasing across numerous ERP back-end systems. The Central Procurement function enables central contracts and the processing of decentralized purchasing documents.
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Varied Sourcing Solutions
- The functions contained within SAP S/4HANA Sourcing & Procurement are particularly eye-catching for medium-sized businesses.
- For those companies that want to access the world’s biggest marketplace, the Ariba Network, an Ariba integration makes sense, for example via the SAP Ariba Supplier Lifecycle and also Performance module.
- Companies that wish to make use of the familiar functions from SAP SLC & SAP SUS straight in SAP S/4HANA are suggested to utilize the Supplier Cockpit.
Strategic Contract Monitoring with an Adaptable Layout
Making use Of SAP S/4HANA Sourcing & Procurement, firms can likewise straighten their contract management in a future-oriented, adaptable as well as strategic manner. Both computers and mobile can manage easy and complex processes. The intuitive and individually configurable SAP Fiori user interface in the combination with the extensive search function leads to basic operability and short onboarding processes.
The ability to provide your very own contract types and templates and to set up company-specific approval workflows develops the basis for minimizing process runtimes in contract creation and maintenance. Automatic notifications for expiring contracts assist to optimize costs.
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As a result of the high degree of integration into existing ERP or third-party systems, complete contract lifecycles can be mapped transparently and also contracts can be made use of sources of supply for purchase requisitions, order, and invoices or transferred to catalogues via upload.
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SAP HANA can do real-time analytics, crunching data almost instantaneously. This enables organizations to react faster to altering problems, offering significant strategic benefits whileSAP S/4HANA is the much shorter kind of SAP Business Suite 4 SAP HANA, which suggests it is the fourth version of SAP Business Suite.
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: