Driving Business Efficiency With The New SAP S/4HANA Cloud Public Edition

Everyone is talking about the new SAP S4HANA Cloud Public Edition! Is it really that big a deal?

The short answer is Yes! The detailed answer is in this blog. Let’s see how exactly this new technology is helping businesses drive efficiency.

What Is The New SAP S/4HANA Cloud Public Edition?

Over the past few years, technology has progressed at a rapid rate. Especially with new integrations of artificial intelligence emerging every few months. From boosting user experience to corporate productivity, making better judgments, and automating business processes. AI is increasingly revolutionizing how businesses function.

To leverage these rising capabilities of AI better, SAP SE enables smart integration of AI, Machine learning, and other emerging technology. SAP SE, the world’s biggest enterprise resource planning software provider, creates enterprise software for managing corporate operations and customer relationships. They often include intelligent capabilities in their products and promise to continue to invest in AI to help enterprises succeed. Their latest unveiling was for the new SAP S/4HANA Cloud Public Edition!

SAP S/4HANA Cloud Public Edition (2402 update) is built on the technological product SAP S/4HANA Cloud. With this new offspring, SAP introduces a new generation of business applications: easy enterprise software for big data and agility. It is also cloud-based and offered as software as a service (SaaS), allowing you to access it from any web browser. SAP S/4HANA Cloud Public Edition’s latest developments enable your entire organization to benefit from cutting-edge user experiences, built-in intelligence, and core ERP capabilities.

According to statistics, More than 75% of all worldwide transactions come into contact with SAP software. Over 400,000 companies in 180 different countries use it. Along with its many perks, SAP has also launched its very own AI-powered co-pilot. Joule, which is available through the SAP Early Adopter Care program, has the potential to reinvent user engagement, improve company processes, and boost productivity. It can provide rapid, contextual access to material and apps. Users can just ask Joule for help and be sent to the proper place.

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How Will the New SAP S/4HANA Cloud Public Edition Benefit Businesses?

The 2402 version improves efficiency across a variety of corporate processes by incorporating AI capabilities. Some examples are:

1. Finance

Enhanced compliance via risk management may enhance transparency and process health, resulting in a more robust compliance framework in your financial operations. This edition allows you to efficiently guide your organization and increase productivity while implementing compliance and risk management tools such as built-in best practices, reporting, and predictive analytics.

SAP Analytics Cloud integrates financial planning with CO2e information, allowing for planning alongside economic sustainability goals. You can slice and dice data in real-time across many dimensions with any level of granularity. It improves cash flow management by using data to address payables, receivables, and cash flow challenges. Ultimately, it offers a unified, comprehensive, and real-time overview that enables you to examine vital metrics in any degree of detail.

2. Sales

The sales order auto-completion feature speeds up sales order formation and processing by making intelligent input field recommendations. It streamlines the order-to-cash process across revenue streams and business models, including physical and digital items, services, subscriptions, projects, and packages.

It also automates invoicing by combining billing and accounting, improving cash flow and revenue recognition accuracy, simplifying accounts receivable, and meeting local standards. Finally, it promotes on-time delivery by identifying and resolving the source of fulfillment difficulties in real time using a full list of delayed sales orders, built-in analytics, and collaboration tools connected with Microsoft Teams.

3. Procurement

SAP 4/HANA Cloud Public Edition allows you to automate procure-to-pay operations and evaluate POs, contracts, invoices, and requisitions at different levels of granularity. You may also improve the effectiveness of buying contracts by implementing approval procedures to assess contract consumption and renewal and negotiating discounts for long-term supplier contracts.

Finally, clearly understanding your suppliers allows you to develop a strong supplier network. You can approve the most trustworthy providers and get the optimal mix to meet business objectives while minimizing risk.

4. Manufacturing and Supply Chain

Integrating SAP S/4HANA Cloud Public Edition and the SAP Integrated Business Planning application can improve production by ensuring operational excellence and seamless integration across all manufacturing processes, including manufacture-to-stock, make-to-order, and engineer-to-order. Automated Material Inspection simplifies material inspection for customer returns, increasing logistical efficiency and flexibility.

You can even track the status of your manufacturing orders in real-time, identify and address challenges, and manage issues like low inventory levels, all of which improve operational efficiency and productivity. The SAP Business Technology Platform (SAP BTP)-based module can automatically match supply and demand, purchase materials, and discover suppliers with the ability to manufacture more. It also has customizable dashboards and reports, allowing you to examine real-time inventories and watch the progress of inbound and outbound deliveries.

5. Professional Service Automation

SAP S/4HANA may fundamentally revolutionize your capacity to manage projects and provide outstanding professional services to your clients. With straightforward and easily available insights, you can make data-driven decisions that boost profitability and accelerate growth.

Project Control: Professional Services, the Projects app, allows you to monitor project health and resolve concerns in real time with simplified finance management. It increases your chances of winning more business by allowing you to bid faster and more accurately. You may increase profitability by applying designs from previous projects with high margins and swiftly identifying resources, services, and work packages.

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How Can Fingent Help Leverage SAP’s Rising Capabilities?

The success of your organization is dependent on selecting the appropriate SAP product and using it correctly. Future-proof your organization with our bespoke SAP software solutions, which range from basic ERP to innovative and intelligent solutions.

Fingent is a SAP consulting firm with unparalleled competence in SAP software solutions. As a SAP Silver partner, we provide SAP consulting solutions to businesses worldwide across various sectors. This also means that we are proficient in the latest updates and technology and can help you successfully implement the benefits of SAP S/4HANA Cloud Public Edition.

We provide the necessary S/4HANA skills, experience, and end-to-end services, such as strategic advice on selecting the best S/4HANA migration path for your company. Our seasoned team of professionals is client-centered and transparent, providing comprehensive implementation, integration, and application-managed services on various SAP products.

Call us, and let’s get down to implementing the best solution for you.

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    About the Author

    Ashok Kumar

    Ashok leads Fingent’s SAP Consulting practice for ANZ, SE Asia, The Middle East and Africa (EMEA), and other global clients. More specifically, he helps companies improve operational efficiency by enhancing their digital cores and improving their application integration. Ashok has amassed over 20 years of leadership and consulting experience having worked with Global giants like SAP, IBM Consulting, Capgemini, & Oracle in his previous assignments. Connect with Ashok via LinkedIn and learn how your business can excel with recent SAP trends.

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