Today, new business opportunities are the key to long-term success, but businesses have to capitalize on these opportunities much faster than their corporate structure can allow. So, many businesses launch new ventures to innovate quickly and turn opportunities into outcomes. Separate from corporate, these new ventures can maximize flexibility and speed . With independence comes the need for their own ERP because corporate and new venture ERP requirements are fundamentally different.
Corporate ERP Needs |
New Venture ERP needs |
Support a complex global environment |
Minimize complexity to move fast and support rapid innovation |
Provide industry-specific functionality to support each part of the business |
Provide general functionality that is fast to implement, easy to learn, and agile to change |
Use custom applications developed over many years |
Integrate into the corporate infrastructure with prepackaged integrations and use corporate services |
Provide cost-efficiencies driven by a stable and well-established IT environment |
Meet the needs of a constantly changing business and scale quickly |
When a decision is made to provide a new venture their own ERP, two needs are critical: Provide an ERP solution with the capabilities that will allow the new organization to thrive, and build linkages between Corporate and the new venture to support financial and operational collaboration while maintaining the control and governance required. SAP S/4HANA® Cloud is the solution that allows you to balance these needs It provides independence with oversight, so your new venture can achieve its goals and you gain the insight you need to know it is operating as intended.
Why SAP S/4HANA® Cloud Is a Great Fit for New Ventures
SAP S/4HANA Cloud is a complete solution that helps new ventures accelerate by delivering powerful capabilities across all lines of business including finance, manufacturing, and procurement.
Cloud Gets You Up and Running Quickly
SAP S/4HANA Cloud requires no up-front investment in a new IT infrastructure. You can implement it quickly, with little need for employees with specialized skills or training, and you can hit the ground running with fast user adoption. SAP S/4HANA Cloud fits the needs of virtually all new venture types and can scale as your needs grow.
Intelligent ERP helps Your New Venture Thrive
SAP S/4HANA is an intelligent ERP that provides the next-generation technology your new venture needs to compete. As today’s Intelligent ERP, SAP S/4HANA Cloud can help you optimize and automate processes with technologies such as AI and machine learning and take advantage of embedded analytics for faster insight to action. The built-in SAP CoPilot digital assistant empowers employees to work smarter, and embedded best practices from SAP enable optimization across processes.
Maintain Corporate Oversight While Extending Corporate Services
By taking advantage of pre-built integrations in SAP S/4HANA Cloud, your new venture can benefit from corporate services in HR, Finance, Procurement, and Manufacturing. You gain financial and operational visibility while your new venture benefits from the economies of scale available from Corporate. You maintain corporate oversight while helping your new venture reduce costs and increase competitiveness.
Establish your new ventures across the globe
SAP S/4HANA Cloud enables you to establish your new venture in whatever country or region works best for your business. Take advantage of SAP’s extensive localization capabilities to deliver country versions of SAP S/4HANA Cloud . You don’t need to worry about constantly changing local country tax law. Your new venture can focus on building its business, and not on managing local regulations.
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