Most of us recognize that data and technology are changing the world. And no one knows this better than business leaders. Facing 3 billion more consumers within the next five years, companies are finding that personalization, free and intuitive products, and curated experiences are no longer an option – consumers of all ages expect them and will go elsewhere to get them.
As businesses continue to evolve with technology such as Big Data, analytics, social, cloud, and integration, processes are quickly becoming disconnected. The more data flows in and out of these systems, the more inefficiencies impact the performance of business operations. Information is separated in silos, and organizations are so complex that they are nearly impossible to navigate.
According to McKinsey, “Large global organizations have created so much complexity that businesses often struggle to bring good ideas to the marketplace profitably.” Whether you see it or not, complexity is silently syphoning 10.2% of your profits on any given year. Even top 200 global companies lost a combined $200 billion in revenue in 2013.
Is your business experiencing increasingly complex business processes and decision making that are hindering growth strategy for a digital economy? It’s time for a change. It’s time to simplify.
SAP S/4HANA: Your journey to simplification
Since its introduction last year, the SAP S/4HANA suite has caught the attention of executives worldwide. Again and again, they tell me how much they like how the software simplifies business models, decision making, and processes. Yet, they are unsure how to implement SAP S/4HANA across their entire business network.
From my perspective, the answer lies in our ability to break the implementation process down into two simple elements – advise and implement.
Step 1: Advise
This phase presents an opportunity to discover beneficial business scenarios enabled by SAP S/4HANA and explore areas of innovation and business transformation. Once you have identified the business potential, a specific strategy, road map, and high-level architecture for SAP S/4HANA needs to be created and established – covering everything from long-term and short-term, measurable value to technical aspects.
Step 2: Implement
Once a plan is set, you’re ready to migrate your existing architecture to the SAP HANA platform. But, don’t rush to a new installation of SAP S/HANA. Give your fellow executives and workforce time to realize the advantages of running on the new platform. Once you understand how the business interacts with SAP HANA, you can install SAP S/4HANA and leverage accelerators and best practices to build solutions that deliver sustainable simplicity.
Find out how you can reimagine business processes with this “solutioneering” effort, which ties road maps with a defined, explicit ROI. Attend our session “Your Journey to SAP S/4HANA” on Tuesday, October 20, at 5:30 p.m. PDT and Thursday, October 22, at 12:00 p.m. PDT.