In the race for technological development, companies must always keep an eye on innovations and updates over time. In such a competitive market, which has recently been facing a number of financial and economic setbacks, it cannot afford to be left behind.
For this reason, having the help of a leading ERP in the sector is becoming increasingly necessary, being SAP one of the most prominent. In this ZTalent blog post we will discuss the main benefits brought by S/4 HANA to companies.
Migration to S/4 HANA
For companies that were already running SAP, this move was a fundamental step in their digital journey. Especially since the general maintenance of SAP ERP was ending in 2027. However, the impetus for the migration to S/4 HANA is not just about timing. The migration has become a key milestone for organizations around the world.
According to a research from PWC in 2019 we have seen on e3zine.com, 25% of SAP customers have already completed their migration to S/4, and 52% of organizations have adopted a greenfield approach of complete legacy system replacement.
However, what is noteworthy is that a whopping 98% of respondents said they were satisfied with the new platform and realized more benefits than expected. This is great news for ERP, and an invaluable clue for SAP professionals.
Companies looking to implement ERP like S/4 HANA should work closely with someone they trust and with proven capabilities. In addition, it is absolutely essential to adopt a strategy built around the specific needs of the business to ensure a successful implementation.
What does S/4 HANA bring to an enterprise?
Some executives see the transition to S/4 HANA as essentially a technical upgrade process. Implementing S/4 HANA can improve user experience and processes or streamline real-time analytics. It’s a comprehensive transformation exercise that requires an executive-driven approach for success.
Key benefits brought by S/4 HANA and experienced by customers who have successfully transitioned include:
1- Improved resilience
Companies have gained the ability to analyze large amounts of data faster and have leveraged real-time information to improve decision making, drive organizational agility and unlock new revenue streams.
2- Streamlined processes
Because the S/4 HANA platform offers a simplified data table structure and easy access to data, it has enabled companies to streamline their business workflows. They have also developed and implemented appropriate data strategies and maximized performance.
3- Ease of use
The platform’s intuitive and easy-to-use design and interfaces on any device have facilitated access to vital data for efficient operation. In addition, because the platform’s architecture includes centralized hardware and network resources, it has accelerated the pace of your digital journey.
The platform has accelerated the shift to the cloud and integrated artificial intelligence, machine learning and advanced data analytics to maximize innovation potential.
The platform has also helped build a cutting-edge technology architecture by applying new-age technologies such as conversational user interface, predictive accounting and IoT, among others.