Purpose and profits may appear to be diametrically opposed to each other, especially when it comes to healthcare. But if you think about it, you cannot have one without the other. Without purpose, healthcare organizations cannot fulfill their mission of providing a future in which every person has the best care and health possible. And without profits, they cannot fully realize that vision.
This double bottom line serves as the checks and balances that guide business decisions, strategies, and investments. In fact, the “2018 Deloitte Global Human Capital Trends” reported that a consortium of data experts found a correlation between profitability and corporate social responsibility ranking, where purpose-focused companies outperformed S&P 500 peers by a factor of eight.
So how can healthcare organizations achieve such a delicate, yet powerful, equilibrium between purpose and profitability?
With a healthcare customers experience enabled by SAP solutions. By securing the digital core from which processes and data are necessary to run their business, these companies can safeguard the heart of what makes them run more effectively while driving out complex challenges. And it is for this reason that SAP created SAP Value Assurance service packages.
Varian Medical Systems: Establishing new standards with a next-generation ERP
As a pioneer in integrated hardware and software for radiotherapy and radiosurgery, Varian Medical Systems Inc. is working with many of the world’s leading clinicians to remove the fear of cancer from every person’s life. However, the company cannot accomplish this goal without combining the ingenuity of people with the power of data and technology.
Working with the SAP Digital Business Services organization, Varian received the guidance it needed to implement SAP S/4HANA, our next-generation ERP suite. SAP Value Assurance service packages serve as the cornerstone of Varian’s foundational platform for real-time data and innovation. Built on a reliable framework of expertise and best practices, SAP Value Assurance helped identify potential design issues, risks, and solutions to chart a precise path for Varian’s deployment of SAP S/4HANA.
With streamlined operations and innovation partnerships, Varian is impacting society as it wins new victories in its war against cancer. And such triumphs are achieved while the business remains compliant, unfettered by complexity, and profitable.
Edgewell Personal Care: Improving self-care with insight and trust
Edgewell Personal Care is ensuring that people have access to trusted self-care products when and where they need them. With over 25 brands sold worldwide, the company requires real-time visibility into its inventory and simple and optimized processes to satisfy consumer demand.
With the support of SAP Value Assurance, Edgewell moved to SAP S/4HANA with the right expertise. The services helped define the best way to implement the digital core ERP suite and map a clear path to supply chain optimization, transformation, and innovation.
Now, the business is equipped to reduce its inventory levels, streamline its order management process, and explore innovation opportunities – all while standardizing operations to deliver high-quality products at a lower cost. And for its customers, such results mean that they can purchase branded Edgewell products off the shelf with confidence.
Making transformation choices with the right answers
If any lesson is to be learned from the experiences of Varian and Edgewell, it is the value a digital core brings when working towards purpose profitably. With SAP Value Assurance, these businesses gained the digital capabilities necessary to rise to their fullest potential with proactive and preventive support.
Follow this series by bookmarking. In the meantime, we encourage you to quickly achieve a balance between profitability and purpose by securing and safeguarding the digital core of your business. Learn more about SAP Value Assurance service packages.
Download the Customer Stories here (Varian) and also read our other blogs about how SAP Value Assurance can move you to SAP S/4HANA as well as check out our event recordings about this topic.