Future of ERP with SAP S/4HANA
In this blog, we will be discussing the latest information about SAP S/4HANA and the key challenges related to ERP in the marketSAP S/4HANA is a future-ready enterprise resource planning (ERP)system with built-in intelligent technologies, including AI, machine learning, and advanced analytics. It transforms business processes with intelligent automation and runs on SAP HANA a market-leading in-memory database that offers real-time processing speeds and a dramatically simplified data model.
ERP is a success story, and SAP is the clear undisputed market leader in that category.SAP went with its customers along the entire journey, from mainframe to client-server, to the cloud, leveraging innovative technologies like mobile, like in-memory.
The point we need to understand the customers actually did a lot of modifications and customized their systems intensively. It has scattered, the IT landscape is actually hindering the companies from taking the next level on that digital transformation. And that is where SAP wants to help to ease the transformation because in the digital age, businesses need seamless, end-to-end customer experiences.
Hyper personalized and Intelligent system with SAP S/4 HANA
New customer expectations need to be fulfilled and it’s required to have the flexibility IT systems to fulfill those. It also comes along with changing the business models, which need to be adopted in a very quick manner to stay on top of the market. This is something where SAP wants to help with end-to-end, integrated business processes, and to support and to really have seamless customer experiences, because of the need of hyper-personalized solutions in the new world.
Today, businesses need to think and act end to end. As there is increased demand in hyper-personalized products, intelligent manufacturing, intelligent production and the like are key components for being successful. But also, what is very important to have a fair and sustainable production and supply chain. This requires also new business models and services that offer to customers, and an ERP system that actually enables those innovations. And this is not an easy task in a global business environment.
Present volatility around the globe, and therefore, there should be a need for a steering system. And this steering system is SAP S/4HANA. It’s the most comprehensive, integrated, and intelligent ERP system in the market. And the advantage is, we can deploy it anywhere, in the cloud, on a hyperscaler, or on-premises.
Vision for the ERP of the future
SAP S/4HANA, as the intelligent ERP, is actually the central component of SAP’s Intelligent Enterprise strategy. An intelligent ERP makes it possible for companies to adapt and scale with the agility and flexibility that is required in today’s markets. From a technology perspective, SAP is moving into a highly integrated but modular approach to provide an integrated, intelligent suite for customers, for sure based on cloud-native technologies. And here, this will help us to deliver continuous innovations and services to customers.
For sure, a total foundation of that is an open, thriving ecosystem, which means open APIs to really be able to extend our solutions. The new norm, actually, is artificial intelligence. SAP integrates it and embeds it in every business process across the entire SAP S/4HANA suite. And SAP HANA, as the underlying platform, is actually enabling business processes at scale, which has never been possible before.
From a business process perspective, ERP is becoming a process as a service, and we will offer the business capabilities that will help companies to run at their best. This also means SAP enables new business models like consumption-based billing, subscription-based businesses, which we see in the market on the horizon.
SAP S/4HANA Intelligent ERP system for today’s business, its embedded AI and machine learning available on-premise, in a public or private cloud, or in a hybrid environment. SAP S/4HANA provides next-generation processes that connect and orchestrate the entire business, taking advantage of artificial intelligence so everyone can make smarter decisions, A new experience for the end-user, how the end-user gets guided by the system itself. And for sure, SAP leverage the sensor data, artificial intelligence, to really automate all decision-making processes. More important SAP believes
that business and technology are actually society and the climate. And that’s the reason for the future of ERP is fair and sustainable. It helps to address the biggest issue of today. It helps to manage fair and sustainable supply chains across the end-to-end value and supply chains of all companies. So, the future of ERP does not only improve the bottom line or the top line of a company but also actually adds a third dimension, which is sustainability.