Tag: Rise with SAP

Which transformation path aligns with your business objectives? This is a critical question to ask when designing your business transformation journey. This makes it vital to take the time to know all the available options. It is also important to consider all aspects of each option and their implications before you embark on your business transformation. This blog will explain all you need to know about the new SAP S/4HANA Cloud 2111 release. It will also describe how SAP S/4HANA Cloud 2111 helps in solving business issues.

What is SAP S/4 HANA Cloud?

SAP S/4 HANA Cloud is an intelligent Enterprise Resource Planning (ERP) system. It has built-in intelligent technologies like ML, AI, advanced analytics.

It helps organizations smoothen their business transformation by assisting them in adopting new business models and managing business change at speed. Also, it can orchestrate internal and external resources while using the predictive power of AI.

SAP S/4 HANA Cloud can empower businesses to consistently outperform with instant intelligence and actionable insights. It can be implemented quickly and reduce support costs.

Now that we know what SAP S/4 HANA Cloud is, let’s understand what is the difference between the old SAP S/4 HANA Cloud version and the new version.

Read more: SAP S/4 HANA: Transforming CFO’s into a Business Value Creator and Role Model

Difference Between the Earlier SAP S/4 HANA Cloud Version And The New 2111 Version

Many think that SAP S/4 HANA Cloud 2111 builds on the earlier version. In fact, the latest version exceeds the earlier version. It has increased flexibility in the consolidation process. This means users can now create additional customer individual consolidation unit attributes. These help in defining validation rules.

SAP S/4 HANA Cloud 2111 comes with enhanced core consolidation rules. These include more flexibility in source and destination rules. Companies can now benefit from an improved ‘import consolidation master data’ app. This new feature helps users gain time and makes maintenance easier.

Along with many other enhanced features, SAP S/4 HANA Cloud 2111 now provides enhanced movement flow management. This means that SAP customers can have full control over the ‘default subitem’ field allowing them to edit and assign default subitems.

How Can Your Industry Leverage The New SAP S/4HANA Cloud 2111?

SAP S/4 HANA Cloud 2111 brings many exciting innovations to various industries. Here are some examples:

1. Manufacturing

The newer version has revised the SAP Fiori app. The ‘Maintain Tim-Dependent Stock Levels’ option is specifically designed for the manufacturing industry. It allows its users to display, create, and update time-dependent stock levels for specific materials.

Manufacturers can define safety stock levels based on validity intervals. This enables them to react to varying demands dynamically. By ensuring sufficient stocking of products at all times, users can reduce deficiency risk.

2. Supply chain management 

To support supply chain management SAP Fiori app is enabled to support split valuations in the goods-receipt process. This allows users to create their own global valuation types.

3. Service companies 

SAP S/4 HANA Cloud 2111 has enhanced service order planning based on spare part reservations. This enables customer service managers to gain better insights into stock availability and to ensure that planned quantities of spare parts are always at hand. Such accurate service order planning ensures on-time delivery.

4. Finance 

SAP S/4 HANA Cloud 2111 provides SAP Fiori apps in ‘collections and dispute management.’ This modernized process offers extensibility options that help the app deliver a seamless user experience.

These new apps improve the process of collecting receivables and handling dispute cases. Along with several other features, it provides in-depth data insights to its users.

Read more: 6 Capabilities of SAP S/4HANA That Will Help You Become An Intelligent Enterprise

4 Top Challenges SAP S/4 HANA Cloud 2111 Helps Resolve

1. Project management

The latest release SAP S/4HANA Cloud 2111 allows project managers to plan, trigger and monitor materials or services enabling them to ensure on-time delivery.

Here is how it helps resolve challenges in project management:

• Date alignment is accelerated by reducing manual efforts leading to more accurate planning of project demands.
• Purchase contract for specific demand.
• Automatic demand blocking prevents requesting for unrequired demands.
• It provides a comparison chart for improved monitoring.

2. Sales

SAP Self-Billing Cockpit allows users to receive and process self-billing messages, edit messages, and receive multiple order reasons and condition types in case of errors or differences. This latest feature offers a central entry and overview page to its users, leading to a more efficient sales process.

3. Product compliance 

Monitoring of substance volumes will help users to comply with chemical regulations. It is integrated with the logistic processes of purchasing and manufacturing.

Substance Volumes Tracking feature enables users to identify possible risk factors. It can track, calculate, monitor volumes for substances either imported or produced within the country.

This will help users to define legal entities and map production plants. Thus, it increases transparency by directly linking the aggregated substance volumes to the original logistic documents.

4. Asset management

SAP S/4HANA Cloud 2111 introduces four process phases:

• Reactive maintenance
• Proactive maintenance
• Improvement maintenance
• Operational and overhead maintenance

Process phases help in creating specific maintenance requests for technical objects like functional locations or a piece of specific equipment.

These requests allow users to store relevant information that will help the employees to identify and solve any problems that might occur. Such simplified work requests for maintenance reduce the unnecessary effort for logging maintenance issues.

Read more: How Fingent Helps CFOs Gain New Insights and Reliably Enable Key Decisions

How Does Fingent Smoothen Your Transit To SAP S/4HANA Cloud 2111?

SAP S/4HANA Cloud 2111 can empower your business to stay relevant and competitive. Fingent is a leading SAP Silver partner. To be classified as an SAP silver partner there are certain rigorous criteria that a company must meet around SAP certification and dedicated SAP resources.

We offer a broad range of services under the umbrella of SAP. This includes business consultation, implementation, and post-implementation services and support.

Take a look at our Case Studies to see how we have implemented various aspects of SAP for our clients.

We work with our customers from pre-planning through to project execution and application support. We assure you that you will receive the best possible care in the long term. Give us a call and let’s discuss your project.

The greatest business challenge of our time is the steady acceleration of change in all areas of trade. The pandemic has only accelerated these digital shifts. Transforming your business is necessary to stay relevant and competitive.  The scale of digital challenges can be daunting to businesses. Understandably, some businesses may feel lost in the current digital maze. But, to stay agile and competitive, business leaders must strategically transform their business. Early this year, SAP announced a new service called “Rise with SAP.” This blog attempts to clarify what is included in Rise with SAP and how it can transform your business.

What is “Rise with SAP”?

Rise with SAP is a BTaaS (Business Transformation as a Service). The objective of this product is to accompany and accelerate business transformation step by step.

Rise with SAP is a single subscription contract. It provides access to a variety of tools and services that focus on assisting with your business transformation efforts. It is a new way to redesign processes for better business outcomes.

Rise with SAP can help your company to adapt business processes on your timeline and your terms. It helps them continuously unlock new ways of running businesses to stay ahead of the competition. It can speed up the otherwise sluggish adoption of SAP S/4HANA.

Read more: SAP S/4HANA: Redefining End-To-End Solution

How Is “Rise With SAP” Transforming Businesses?

Rise with SAP can holistically transform your business with a fast time to value, regardless of your starting point. Rise with SAP is like a moving company that provides a checklist, packers, containers, and services like replacing old appliances and installing new ones. It provides a blueprint that a company can implement on its own terms and at its own pace. What is the benefit? One contract and one responsible party for all services. It simplifies your journey in four simple steps.

Step 1: A business model redesign 

This step helps businesses redesign and optimize business processes and implement the best practices in their verticals. In other words, it is a way to analyze how your business processes perform and obtain tailored recommendations.

A successful digital transformation project requires IT and business leaders to work together. This is why this analysis motivates all in your business to adapt to new business models.

Step 2: Alignment with customer journey

This is the key element of Rise with SAP. SAP realizes that each organization requires a unique path forward. Here are four starting points for digital transformation:

• Digitally grown startups and other innovators that need to scale with speed
• Companies that began their journey into the new world of modular ERP cloud applications are now ready to go further
• Organizations that have started digital transformation at the outer edges, now need to focus on their core
• Companies with a long heritage and history with a complex on-premises system

Realizing the fact that each of these starting points requires a unique path, Rise with SAP provides a highly customizable, subscription-based model.

Step 3: A technical migration

Rise with SAP includes technical services that ensure painless migration to a standard, modular, and flexible landscape. Such a flexible landscape with a consistent data layer enables businesses to react faster to ever-changing business demands.

This includes essential services from SAP and their partners. These services help eliminate modifications and custom code. Besides, it aids in harmonizing and governing a company’s data layer. Such accurate data will help businesses make informed decisions and strategize their business processes for greater advantage.

Step 4: Build an intelligent enterprise

Each company’s roadmap to success may vary but the destination is to become a digitized and intelligent enterprise. Quickly adopting S/4HANA is the key to reach that destination. To that end, Rise with SAP offers a powerful solution to get there by eliminating roadblocks and enabling its customers on their journey.

SAP believes that their customers can realize the value of their investment with up to a 20% reduction in TCO over five years as compared to a traditional ERP deployment. Definitely worth looking into, wouldn’t you say?

Read more: SAP for Business: 9 Ways to Maximize Business Performance

Components of Rise with SAP

An ideal business transformation process requires a selection of coordinated components. Rise with SAP consists of five such components that serve as the basis for transformation.

• Business process intelligence: It helps in understanding, visualizing, and transforming your processes.
• SAP Business Network “starter pack”: The intelligent enterprise “starter pack” includes SAP Business Technology Platform. This platform provides a single semantic layer across your organization. It serves as the basis for business transformation.
• Cloud credits: The “starter pack” also includes an ERP system with built-in intelligent technologies. This enables your business to transform with intelligent automation.  Plus, the starter pack also provides credits for accessing SAP Business Network. This allows companies to better manage their supply chains and react quickly to market changes.
• Embedded tools and services: Ensure pain-free business migration to the SAP S/4HANA Cloud.
• SAP S/4HANA Cloud: Rise with SAP provides access to the company’s modular cloud ERP solution.

How Can Fingent Help Leverage These Benefits?

Rise with SAP provides access to a comprehensive bundle that can help streamline your business transformation. However, for successful implementation, you will also need an experienced partner that can provide advisory, implementation, or application management services.

Here is where Fingent top software development company can help you. As an SAP Silver partner, Fingent has acquired a wealth of experience to provide you with a structured set of services that complement Rise with SAP.

1. Advisory services 

Before you embark on business transformation, you need to assess several aspects. These include trends in your industry, assessment of your business, your existing technology environment, and opportunities for future business growth. Working with an experienced partner such as Fingent can make all the difference. Our strategies can eliminate obstacles to unlock new business value.

2. Implementation services

As an SAP Silver partner, Fingent can provide a range of implementation services. We can tailor implementation strategies to help you achieve your business objectives quickly and efficiently.

3. Application management services

Fingent offers a full set of solutions that move beyond tactical efficiency gains. We provide flexibility and the latest strategic capabilities that smoothen business transformation and innovation.

Read more: How Fingent Enables e-Invoicing for SAP Users to Stay Compliant with GST India Regulations

Over to You

Rise with SAP is likely to galvanize the market to be the most cost-effective way to move to SAP S/4HANA. It will help overcome many hurdles that SAP ERP customers are facing. Give us a call today and let’s get talking on how to get you on to this new dynamic tool asap.