Enterprise resource planning (ERP) systems form the digital core of modern enterprises and help them manage their key business processes at scale. Over the years, ERPs have grown at a breakneck speed in terms of how they simplify critical business processes and serve as a single source of truth for all data needs. This has accelerated the demand for new-generation ERPs in businesses of all types and across industries.
According to Allied Market Research, “The ERP market size was valued at $43.72 billion in 2020 and is projected to reach $117.09 billion by 2030, growing at a CAGR of 10.0% from 2021 to 2030.” One of the industry-leading ERP solutions is SAP S/4 HANA which has been designed to help enterprises unify their processes and capture insights to speed up innovation and deliver better customer experience.
In this blog, we’ll delve deeper into what makes SAP S/4 Hana crucial for modern organizations and how this industry-leading ERP - together with SAP BTP (Business Technology Platform) - can help organizations automate and optimize processes across departments, including accounting, purchase, procurement, and supply chain operations.
SAP S/4 HANA: the central nervous system of modern-day organizations
SAP S/4 HANA is a modern ERP System that can be deployed both on-premises and in the cloud. It can leverage cutting-edge technologies, such as Artificial Intelligence (AI) and Machine Learning (ML), to enable its customers to drive efficiency and innovation across the business.
Some of the most innovative and successful companies worldwide harness the power of SAP S/4 HANA to achieve enhanced visibility, transparency, and collaboration across their business functions. Different teams leverage the inherent capabilities of the ERP software system to accelerate their functions: for example, sales teams need the ERP software system to manage customer orders. Finance departments leverage it to close books. Supply chain management becomes more streamlined and effective by embracing modern SAP solutions. So does human resource and manufacturing processes. In a nutshell, SAP S/4 HANA software systems transform every aspect of a business and make it future-ready.
SAP S/4 HANA drives innovation and automation across the enterprise
Intelligent Automation has become critical for businesses to lower costs, improve efficiency and gain a competitive edge. According to Forrester, the benefits from Business Automation total around $32 million.
Forrester's 2019 Business Technographics survey confirms that over 62% of global business and technology leaders are already investing in digital technologies like artificial intelligence and machine learning. Another 24% plan to implement it within the next 12 months. By migrating to SAP S/4 HANA, organizations can seamlessly integrate and leverage next-generation AI/ML capabilities to accelerate automation across business processes and thus empower the workforce to focus on more strategic tasks and projects. Automating and optimizing business processes and those endless mundane and repetitive tasks often lead companies to benefits like:
- Innovation: SAP S/4 HANA applications leverage speed, context, and data accessibility to empower teams and leadership to make decisions that are future-ready. In today’s world, where technologies are evolving at a breakneck speed, it’s not enough to stay prepared for change - business leaders must stay ahead of the game to build the competitive moat and stay relevant and profitable.
- Ease of access: SAP Fiori 2.0 enables users to access the system with greater ease as the UI is super innovative and personalized. Users do not need to engage with complicated designs or UIs to access information or resources like Overview pages, Work Lists, and List Reports.
- Cost-effectiveness: One of the prime advantages of moving into an SAP S/4 Hana system is its cost-efficiency. Organizations can leverage its immense capabilities to bring together the analytical and transactional capabilities of a range of systems onto a single platform and drive better decision-making across the enterprise.
- Simplified IT operations: At a time when workflows are becoming increasingly complex and the technology landscape is evolving at a dramatic pace, businesses want digital products and solutions that can simplify their operations at scale. With its in-memory database and a range of capabilities to automate and optimize business processes, SAP S/4 HANA simplifies the management and administration of an organization’s IT landscape and paves the way for more streamlined operations.
Unleash the true potential of the SAP S/4 HANA with Kellton
Kellton has some of the best SAP consultants, engineers, developers, and designers on its team. Together we strategize and deliver end-to-end SAP S/4HANA migration and implementation solutions to help businesses across various industries modernize their digital core and accelerate their journeys toward becoming intelligent enterprises.
We help companies transition to SAP S/4HANA based on practical considerations and unlock its advanced AI/ML capabilities to drive automation and efficiency. To unleash the transformative impact that SAP S/4 HANA can have on your business, contact Kellton.