Leveraging SAP S/4HANA Cloud for International Expansion
With SAP S/4HANA Cloud, German-based scale-up Mynaric is equipped with a scalable solution that helps the company move from a single-unit to a serial production model for future expansion.
Who is Mynaric and what do they do?
Mynaric AG is a laser communication scale-up that develops and manufactures laser products for high data rate and long-distance wireless data transmission between moving objects. With their products, they deliver a critical building block for secure broadband internet anywhere on earth.
What were Mynaric’s challenges and why did they decide to go for SAP S/4HANA Cloud?
As an innovative and fast-growing scale-up that is striving for international expansion, Mynaric decided to go for SAP S/4HANA Cloud to set the foundation for achieving their ambitious goals – and they successfully implemented the solution in only 6 months.
They needed to tackle three major challenges:
First of all, they had to meet the needs for serial production of laser communication equipment for mass market delivery. Therefore, one of their most important goals was to move their production from a single-unit production model to a serial production model.
Secondly, they quickly needed a production process that was compliant with standards for aerospace and defense.
And last but not least, they had to prepare their finance and accounting department for international expansion.
Before the implementation of SAP S/4HANA Cloud, Mynaric did not have an end-to-end system for their processes – they were still highly based on paper and spreadsheets. To meet the company’s future needs for business growth, they knew that something had to change. This is why Mynaric was looking for a new ERP solution, including the expert support for a quick implementation. Mynaric knew that they would highly benefit from integrated processes with real-time insights into finance, procurement and production to address all challenges listed above.
“SAP S/4HANA Cloud provides the kind of scalability Mynaric needs as a fastgrowing company. This new foundation for our business supports our developing go-to-market strategy and goals for international expansion.” Alexander Enzinger, Head of Controlling, Mynaric AG
What is the value of the new SAP S/4HANA Cloud solution for Mynaric?
SAP S/4HANA Cloud provides Mynaric with a foundation for unified business processes and intelligent technology, enabling the company to quickly scale for growth. Despite a tight timeline and high expectations from the CEO and stakeholders, their new ERP system was implemented in only 6 months.
In their implementation they were supported by the SAP Hypergrowth Catalyst program that empowers high-performing startups by helping to select the right ERP solution and then support a fast and smooth implementation. They were also supported by the SAP partner NTT Data and the SAP Early Adopter Care program which helped the project with providing quick resolution of technical and functional issues.
Closing paragraphs to promote the Podcast and Community:
Inside SAP S/4HANA Podcast
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openSAP microlearnings for SAP S/4HANA
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For more information on SAP S/4HANA Cloud, check out the following links:
- The power of best-in-class and Next Practices business content for a modern ERP blog post
- SAP S/4HANA Cloud: The Intelligent ERP blog post
- SAP S/4HANA Cloud: New Product Releases here
- Latest SAP S/4HANA Cloud Release blog posts here
- SAP Intelligent Robotic Process Automation Content here
- SAP S/4HANA Cloud release info: here
- SAP S/4HANA PSCC Digital Enablement Wheel here
- Inside SAP S/4HANA Podcast here
- SAP S/4HANA Cloud Community here
- SAP Activate Community here
- Best practices for SAP S/4HANA Cloud here
- Help Portal Product Page here
- What’s New here
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