Five Reasons Why Your High-Tech Company Needs SAP S/4HANA
In this troubled time, we can give many reasons to move to SAP S/4HANA for your high-tech industry. Apart from getting robust support from SAP even after 2027, SAP S/4HANA migration offers your enterprise to stay ahead of the curve. As a proven technology platform, SAP S/4HANA enables your high-tech industry to perform advanced operations. It supports business growth and paves the way for integrating emerging technologies including embedded AI, in-memory HANA database, and real-time analytics.
SAP Business One has transformed the processes of small to mid-sized businesses. SAP S/4HANA can take businesses to a new level by enhancing the supply chain and supporting machine learning applications. Talking about the high-tech industry, it can disrupt the world with high-end technological solutions. But, let’s face it! This industry itself is not immune to the disruptive powers of advancing technologies.
Amid the era of automation, the digital transformation of the value chain can move your high-tech industry toward new business models. These models are more solution-oriented and hardware independent. You may ask the question- can the intelligent, immediate, and integrated digital core help your industry remain competitive amid intensifying competition? The answer is the SAP S/4HANA solution.
Let’s see how it can help your high-tech company to meet challenges.
Why Your High-tech Enterprise Needs SAP S/4HANA?
1. Promotes Innovation and Makes Your Company Future-proof
Instead of legacy ERP, it is beneficial for your high-tech industry to invest in future-ready SAP S/4HANA. There is no point in adding more integrations and making customizations in your existing ERP. It just makes everything more complicated. SAP S/4HANA system has an in-built in-memory database that can simplify the data model and offer incredible speed. SAP Fiori dashboard provides a consistent look-and-feel for an excellent user experience across the entire system. It can improve the employee’s efficiency and productivity significantly. It is fair to mention that SAP S/4HANA is an ideal solution and future-proof IT investment for your high-tech industry.
2. Offers Resources and Reduces Various Costs
When you opt for SAP S/4HANA solution from a reputed global SAP partner, you can remain assured of seamless transition of your existing SAP ERP system. Certified SAP S/4HANA consultants can take care of every aspect of migration. These days, many skilled consultants are available to help you with this, and you can get consultants as and when necessary. However, in the future, especially after the year 2023, it will be more difficult to select expert resources because more companies will start to plan and execute SAP S/4HANA migration.
Also, the S/4HANA move enables you to save big on double upgrades, fixing of system incompatibilities, and purchase of additional hardware. There is no exaggeration in mentioning that even if you have a state-of-the-art ERP system, all you need is a robust platform to support it. Otherwise, the ERP system will be of no use for your high-tech industry.
3. Provides Real-time Insights for Making Informed Decisions
This is one of the biggest benefits of SAP S/4HANA. You can make informed decisions quickly based on real-time insights with the help of SAP S/4HANA. It also facilitates you to automate and streamline various processes across the entire organization along with your subsidiaries. As a result, you can get an intuitive and easy-to-navigate ERP for your employees. With insights into every core aspect of your company, you can take the business to a new level while gaining a competitive edge over peers. Also, real-time insights can help you reduce operational costs and employees’ valuable time in managing daily activities.
4. Makes Quote-to-order Processes 95% Faster
When it comes to the business model of the high-tech company, it keeps on evolving to cope with technological advancements, changing customer expectations, and market trends. High-tech companies need to establish an integrated network for delivering outcomes and generating steady revenue streams through various result-oriented products and services. It is fair to mention that high-tech companies have nothing to do with traditional products or services. Therefore, transformation is essential for such companies.
SAP S/4HANA solution enables you to make the sales process capable of meeting this need. The solutions can cover all parts of your business and assist you to deliver business outcomes by making quote-or-order processes faster than ever. Your account executives can easily build such quotes that deliver products and outcomes alike using SAP S/4HANA.
5. Enhances Customer Services by Reducing Complaints
SAP S/4HANA can simplify business processes while reengineering them. It can lead your company to transform the process execution by eliminating multiple steps. As a result, you can reduce unnecessary delays and turning various processes into real-time processes with the support of actionable insights. As a result, you can offer your customers compelling outcomes with pleasant experiences. Solution configurations and flexible pricing models are some of the other benefits that can enhance customer services and reduce the number of complaints by a whopping 46%.
SAP S/4HANA is designed for addressing the complexities of core industries including high-tech, manufacturing, and heavy engineering. Instead of having a legacy ERP system, switching to SAP S/4HANA has become the need of the hour for modern enterprises. It is better to consult an experienced SAP partner to know more about SAP S/4HANA migration.