Tag: SAP Business All-in-one
“Our future success is directly proportional to our ability to understand, adopt and integrate new technology into our work.” – Sukant Ratnakar – CEO, Quantraz Inc.
Since the dawn of its creation, SAP has been an incredible partner for businesses and organizations. The creator’s dream, to empower customers with the ability to interact with a common database for an all-round range of applications in real-time, continues to thrive even today. Many businesses that are already SAP customers are migrating to the fresh and new S/4HANA module. This comes as no shock, seeing as how beneficial this module is to business process workloads and applications.
If you plan to make this smart shift too, keep reading to better prepare yourself for this adventure!
What Is S/4HANA?
Before we delve into the need and benefits of this new SAP module, let us first re-learn its basics.
S/4HANA is an ERP business suite built on the SAP HANA in-memory database that allows businesses to manage transactions and analyze company data in real-time. It is the central focus, or “digital core,” of SAP’s approach to helping clients go through digital transformation.
Digital transformation allows businesses to change current workload processes and models or build new ones. As a result, they are more equipped to adapt to shifting market conditions, client needs, and business requirements. According to 6sense, SAP S4/HANA currently has 25,595 satisfied customers across the globe, and according to SAP Insider, 24% of businesses have already migrated to S/4HANA.
The Need To Migrate!
Consistently upgrading and migrating to newer technology is a necessity for businesses today. Although you may feel like you have time before you absolutely need to upgrade to S/4HANA, it is imperative that you start the SAP S/4HANA transformation process as soon as possible. Listed below are two reasons why:
1. Time-Intensive Planning Requirements.
The conversion process may take two years or longer, depending on how complicated your system is. This is especially true if you want to pursue an agile and flexible strategy that reduces risks and effects on the business and offers an easier return on investment! Remember that for a successful and low-risk system conversion, data streamlining—including cleaning tasks, customizations, and licenses – must also be taken into account.
2. Avoid Chaos In 2027.
Starting in 2027, SAP Business Suite 7 (including SAP ECC 6) will no longer be supported by SAP. Their consulting partners will be in more demand over the coming years to assist companies with upgrades in order to meet this deadline. Experts in SAP and cloud computing are in high demand, and the longer you wait, the harder it will be to locate qualified assistants who will not take advantage of the hurry and charge exorbitant fees for their services.
Top Benefits
The benefits of migration are strong, which makes it all the more important to take that leap. Businesses will be able to concentrate on development and expansion rather than the technical details of integrating several IT systems when they use S/4HANA. According to studies, S/4HANA has the following benefits:
- 10%-15% lower logistics costs
- 25%-30% shorter manufacturing cycles
- 10%-15% higher productivity
Flexibility is the greatest perk of this module. SAP HANA offers flexible access to any users who desire to utilize it with ease.
Listed below are a few major reasons why you should migrate to S/4HANA:
1. Enhanced Accuracy Due To Analyses
Simplifying data structures and introducing the Universal Journal have made it possible to slice and dice data in real-time using the capabilities of an in-memory HANA database This accelerates accurate analysis. As a result, with a few straightforward visualization tools like SAP Analytics Cloud, you can quickly access precise data.
2. Simplification
Every piece of data is automated. This makes it easy for businesses to develop suitable strategies even when expanding. Real-time insights will also be referenced in the attractive layouts and user-friendly interface. As a result, businesses will be able to process data online and instantly modify things through devices.
3. Agile And Innovative
When implementing standard and commoditized business processes, you can concentrate on those that give you a competitive edge over your competition. It is considerably simpler to integrate with other best-of-breed applications due to the straightforward data structures and simple integration with the public cloud innovation platform. A flexible architecture is the foundation of invention and agility. Other benefits include increased productivity, enhanced user experience, resilience, and many more.
The Best Strategy To Migrate
The procedure of migration to S/4HANA is an important part of your business’s legacy. Simply put, this process includes two parts: first, to upload all applications and important workloads onto the cloud, and second, to upgrade to S/4HANA.
Listed below are 3 best practices to keep in mind during migration:
1. Preparing For Migration.
Your network needs to be ready for cloud connectivity before you can plan to migrate workloads to the cloud; this is effectively connecting your data center to the cloud. This step also includes deciding what to streamline, what you want to preserve, and what aspects to improve. Examine all your business data and separate what is important from the ones that need little to no attention.
2. Organize And Enhance Your Hybrid Landscape.
Nobody switches over all of their SAP operations from on-premises to cloud-based S/4HANA at once. Instead, SAP clients usually move the least important programs first, then add more as needed. It is necessary to identify the criteria for data conversion, data mapping, and data quality. Take it slow, giving proper attention to details.
3. Seek Out A Selectivity-Focused Migration Partner.
A good migration partner who focuses on SAP transformation projects might provide mix-and-match strategies that let you choose exactly which components to use in your S/4HANA migration. All your questions will be answered effectively, and they will be able to guide you throughout the transformation process and beyond.
How Can Fingent Help?
The secret to accomplishing your IT and business goals is choosing the best S/4HANA solution for your industry. Here at Fingent, our strategy combines preconfigured solutions, industry-specific templates, automation solutions, modular and agile frameworks, and the finest SAP activation methodology. Our unique and customized service has catered to many successful businesses.
We assist you in integrating strategy, technology, and processes to make sure that the right insights and procedures are driving your business. We have a team of professionals to help guide you through your migration process and help you make a success of your migration.
Give us a call today.
Regardless of its size, every business needs to work seamlessly with perfect efficiency to stand out and be noticed. Among the many different essentialities that course through the veins of a business, data allocation and decision-making are two important ones. Although it may seem like just a part of the nitty gritty, it plays a paramount role.
In this article, we will understand what data allocation is all about, and we will familiarise ourselves with how SAP Analytics Cloud can help with data allocation.
Understanding Data Allocation
Before we move any further, let us first thoroughly understand data allocation. Data Allocation is essentially an intelligent distribution system that places your data fragments into sets to improve overall database performance. It also drastically reduces the costs of transaction processing and enables owners to distribute revenue, expense, and statistical amounts across multiple business units, departments, and even other businesses.
Traditional data systems such as data warehouses and relational databases have existed for nearly 30 years. Although “old is gold,” it does not apply in this case. These traditional, or quite frankly outdated, systems have many challenges that cannot always be overlooked. A few of these key challenges faced by traditional data allocation methods that lead to the creation of modern systems are –
- Large data is too big for traditional storage
- Data can be of higher complexity
- Data quality tends to drop during allocation
There are many reasons why data allocation is beneficial to a business in terms of its performance and decision-making; listed below are some of those benefits:
- Employees’ relief – data allocation removes a lot of unnecessary strain from accountants or employees as it eradicates the mundane nature of this task.
- Client satisfaction – An optimal resource allocation system identifies the most appropriate team with complementing skills that cross-section to deliver perfect results for the project.
- Increased decision-making accuracy – With the correct data and analytics tools, businesses can make accurate and appropriate decisions in real time, ultimately leading to an increase in accuracy and efficiency.
- Boosts risk management and mitigation – By allocating data, businesses have a better insight into any potential risks and can take proactive measures to mitigate them deftly. This can help your business avoid costly mistakes and prepare you for the impact of unforeseen attacks.
Introduction To SAP Analytics Cloud
SAP, short for Systems, Applications, and Products, is a leading software company founded in 1972. It is essentially a software supplier, and ERP software systems are created and supervised by SAP. SAP Analytics Cloud was released in 2015 and is a cloud product that offers services (SaaS) for business intelligence (BI), planning, and predictive analytics. Its united and highly secure cloud maximizes data-driven decision-making for businesses.
The three fundamental components of SAP are:
- Business Planning – for data collection and analysis
- Business Intelligence – for reporting, data discovery, and visualization
- Predictive Analytics – for future-proofing and compliance
The SAP Analytics Cloud comes with several benefits, including enterprise planning tools and tools to align your company’s expenses and cost strategies. These are helpful in fields like HR, Sales, IT, and Marketing.
The SAP Analytics Cloud’s allocations feature is a widely famous and useful tool for businesses to analyze and designate values on objects on the driver. Regardless of whether you are a seasoned SAP Analytics Cloud user or a novice to the platform, the cloud has a solution to almost any problem a user may face. With its seamless integration, enticing design, and advanced capabilities, this Cloud offers a compactable solution for large and small businesses with customizable dashboards, enhanced reporting features, and easy-to-use tools.
Read more: SAP Customer Experience: Creating Seamless Omni-Channel Experiences.
Optimizing Data Allocation With SAP Analytics Cloud
Optimization of data is the process of extracting, analyzing, and storing data for maximum efficiency. There are innumerable optimization tools on the internet, and although they each have their own unique features, SAP Analytics Cloud is known to be the best. With this solution, there is a wide array of optimization under-structures. A few of them are Browser/Client Optimization, Analytical Application Optimization, Story Optimization, Planning and Data Action Optimization, Network Optimization, and Backend Optimization.
SAP Analytics Cloud fulfills the needs of data visualization, budget planning, and predictive analytics perfectly. SAP developed it as an unabridged SaaS-based product that would have no shortcomings. It holds up this reputation by covering a wide range of needs, from data visualization, budget planning, and predictive analytics to automated data allocation, collaborative planning and budgeting, centralized data repository, and real-time integration.
Use Case: Successful Implementation Of SAP Analytics Cloud For Data Allocation
It must already be clear by now that SAP Analytics Cloud is a brilliant tool that can benefit any organization that uses it. Digressing from it will weaken your business’s reputation and functioning. This cloud system is put to extensive use in many sectors of society; three of the major sectors are:
- Financial Sector – It is used for large-scale budget streamlining and forecasting analytics processes.
- Manufacturing Industry – In this industry, the cloud allocates resources and optimizes production planning.
- Retail Sector – The retail sector has recently tapped into the potential of SAP Analytics, and they enjoy it completely by using it for managing inventory and demand chain predictions.
Best Practices For Implementing SAP
Similar to the implementation processes of many advanced technologies, even SAP Analytics Cloud has a set pattern to follow for maximum efficiency.
1. Define Clear Data Allocation Objectives And KPIs
Starting with a crystal clear vision always helps. Keep your Business Intelligence and Business planning locked and loaded before the implementation begins.
2. Collaborative Planning And Involving Stakeholders
This step is usually overlooked, but that would be a mistake. It is imperative to keep your business stakeholders in the loop for any implementation as it will cost the organization money, and stakeholders need to be able to organize a budget for it. Collaborative planning within the company will also boost the process and make it more secure.
3. Ensuring Data Accuracy And Integrity
This can be achieved through proper validation and cleansing. Running through multiple models before the final implementation is vital. Business data is highly confidential; therefore, ensuring its accurate integration and clear integrity is a top priority.
4. Continuous Monitoring And Optimization Of Data Allocation Processes
The last practice would be to complete maintenance after implementation. Aftercare is important. Keep an active eye on the cloud’s allocation processes and optimization habits.
Future Trends And Innovations In SAP Analytics Cloud
The SaaS service is an ever-evolving and continuously progressing service with new features consistently popping up. The future of SAP Analytics Cloud is bright, and investing in it at the earliest is a great way to be a part of this future. Three of the biggest trends and innovations in SAP Analytics Cloud are:
1. Integration With Emerging Technologies
The involvement of any form of advanced emerging technology already promises a skyrocketing rate of progress. These technologies will enable SAP Analytics Cloud with real-time integration and processing, among many other things.
2. Embedded Analytics And Real-Time Insights For Faster Decision Making
Alongside data allocation, SAP Analytics Cloud thrives in efficient decision-making. With its embedded analytics and consistent real-time insights, the whole daunting decision-making process will be overtaken by this cloud.
3. Predictive Analytics For Proactive Resource Allocation And Forecasting
Lastly, this cloud service is bound to enhance its predictive analytics for more appropriate resource allocation and demand predictions. This is probably the most impactful trend that can emerge in SAP Analytics Cloud as it can make your business future-proof and ready.
Read more: A Simple Guide To Handling Common SAP Errors & Troubleshoots.
How Fingent Can Help
Fingent provides certified experts for a client-centered service with transparency and good communication. These experts utilize the latest and fast-emerging advanced technology to make your SAP S/4HANA implementation process easy and flawless. We assist our clients through every step of the implementation process and even provide excellent post-implementation support by monitoring performance, addressing user feedback, and providing any necessary fixes.
Give us a call, and let’s talk about how we can make SAP Analytics Cloud work for you.
SAP ECC and SAP S/4HANA are two key ERP software offerings from SAP that allow enterprises to simplify the management of business processes, enable effective data processing, and facilitate streamlined information flow across organizations. Though SAP ECC is the most commonly used ERP software, things will change as SAP ends its support for ECC 6.0 in 2027. As ECC is reaching the end of the line, the most practical way for businesses to benefit from SAP’s exceptional solutions is to migrate to SAP S/4HANA.
Like ECC, S/4HANA too offers solutions to enhance business process efficiency and the customer experience in areas like finance, inventory and asset management, sales, marketing, HR, logistics and supply chain, and product development, but in an incredible and unprecedented manner.
Before moving to the world’s most intelligent and modern ERP, it’s important to understand how SAP S/4HANA is different from its predecessor, SAP ECC.
What is SAP ECC?
SAP ECC is short for SAP ERP Central Component, the previous generation of SAP’s enterprise resource planning (ERP) software. Due to its modular design, SAP ECC is highly customizable and can be configured to suit the different needs of a business, such as finance, logistics, warehousing, human resources, product planning, customer service, and so on. The most striking feature of ECC is its ability to work with third-party or customized applications. For example, ECC can operate on a third-party database such as IBM DB2 or Oracle database and can work with customized applications like business messaging apps.
Due to its interaction with different components in the landscape, ECC is flexible, which also brings in more complexities. This is because a change in one component can affect how other parts function in the ecosystem. So, rolling out any change, such as customization, upgrades, add-ons, or enhancements, demands a thorough and careful testing of the landscape to ensure that your important business functions remain undisrupted.
With SAP phasing out ECC, users are left with only one alternative: moving to S/4HANA.
Read more: SAP for Business: 9 Ways to Maximize Business Performance
What is SAP S/4HANA?
SAP S/4HANA is the world’s most intelligent, complete, and modular cloud ERP software that simplifies your business landscape. It facilitates accelerated deployment by lowering costs with a standardized core and brings agility through an open, modular, scalable, and innovative platform. S/4HANA service management integrates crucial functions from various lines of businesses and industries and incorporates parts of SAP Business Suite Products.
What is the difference between SAP ECC and SAP S/4HANA?
Though ECC provides modules covering a full range of industrial and enterprise applications that can be run on a database of the user’s choice, the legacy ERP system fails to leverage the intelligent technologies needed to be competitive today. S/4HANA differs from ECC in many aspects:
Why Move to SAP S/4HANA Now?
Making decisions based on accurate and appropriate data is critical to gain a competitive advantage in today’s dynamic world. With SAP S/4HANA, organizations can use data, people, and enterprise assets in an aggregated manner that best suits their business. Moving to SAP S/4HANA offers you the following advantages:
1. Simplified Technical and Data Architecture
Businesses are attracted to SAP S/4 HANA due to its simplified data table structure and access. SAP HANA’s in-memory computing platform provides a database that operates way faster than the database options used in ECC or any traditional OLTP system. In SAP S/4HANA, there is no need to separate OLTP and OLAP applications into different databases or applications, as a single HANA database can handle both types of operations effectively. The traditional OLTP systems are generally slow at reading and analyzing data that gets updated while processing transactions. SAP S/4HANA offers restructured data models, allowing customers to access data reports faster.
2. Access to Innovative Technologies
Introducing a fresh bulk of innovative technologies will help you address all the upcoming business requirements. Built-in machine learning is an outstanding capability of S/4HANA that automates key business processes across your organization. Real-time insights, predictive BI, and automation free your employees from mind-numbing work and help them focus on value-adding tasks. Access to innovative trend technologies will keep you one step ahead of your competitors.
3. Invest in Your Growth Strategy
You can build an appropriate strategy with fully-automated data if your business is growing and venturing into new markets. Remember that your current SAP ERP has a shorter shelf-life. Failing to catch up with the latest trends and developments will be costly. Investing in an intelligent ERP system is a business imperative, for it will support and complement your growth strategy and increase your speed-to-market.
4. Consistent User Experience Across All Devices
SAP Fiori – the design system that powers the user experience of SAP S/4HANA – defines how the new business value of S/4HANA is delivered to users. The Fiori design system delivers a modern user experience that works on various devices (desktop, laptop, tablet, smartphone) to ensure faster response times and better performance. Digital age user experience, end-to-end real-time analytics, new business processes (such as Group Reporting, Central Procurement, and Predictive MRP), and intelligent automation (such as Situation Handling, AI/ ML proposals, RPA) scenarios are the key value drivers for using SAP Fiori in SAP S/4HANA. Above anything, you need SAP Fiori to configure, adapt and extend SAP S/4HANA.
5. Avert The Risk of Falling Behind
SAP is no longer investing in ECC as the legacy ERP is reaching its end of life in 2027. On the other hand, SAP S/4HANA incorporates many innovative features through its dynamic quarterly releases that make its core even more intelligent. Several companies around the globe have already started their migration, and some are working fervently on their migration plans. Considering the predicted shortage of skilled SAP consultants and the rising cost of quality consulting services, it’s vital to bridge the gap and avert the risk of falling behind by acting now when there are available resources. Working with a trusted and certified SAP specialist, you can keep your project time, budget, and risk to the minimum. Also, if you have any plans to renew your hardware or hosting solutions, the SAP S/4HANA migration process and hardware purchase should happen simultaneously to avoid any non-compliance.
How Fingent Helps You Accomplish a Seamless Migration to SAP S/4HANA?
With Fingent, your SAP S/4HANA journey can never be complex. We offer the right S/4HANA solutions, expertise, and end-to-end services, including strategic advisory on choosing the right S/4HANA migration or conversion path to suit your requirements.
SAP S/4HANA Conversion Services
Our S/4HANA conversion services are customized to enable the smooth and rapid transition of your business systems, processes, and applications. We offer:
- Convert to SAP S/4HANA on a fixed budget and schedule
- On-premise or cloud-hosted S/4 implementation
- Selective Data Transition (Hybrid approach)
- More flexibility, higher success rate, and lower cycle time
- Enhanced UX, lower costs and risks, and ongoing support services
SAP S/4HANA Migration Services
Improve your enterprise’s resilience by championing your migration to SAP S/4HANA with Fingent. Here are the SAP S/4HANA journey steps we follow:
- Detect challenges, define the business case, and decide where to start
- Pre-configured scenarios and process mining to mitigate risks
- Identify deployment and hosting options
- Perform pre-checks before implementation
- Functional scope and custom code analysis
Our unique SAP S/4HANA service implementation methodology is a tried and tested practice with several successful implementations. Fingent top software development company will combine the best SAP Activate methodology, preconfigured solutions, focused industry templates, automation solutions, and a modular and agile framework. We help you integrate strategy, process, policies, people, and technology to ensure that your organization is process-driven. Transform your complex IT landscape into a simplified business system with SAP S/4 HANA.
Contact our SAP consultant to learn more.
Rise with SAP – How Fingent Can Help Explore Business Transformation as a Service (BTaaS)
In the current circumstances where industries are experiencing periods of intense change, organizations need a new paradigm. They need a product that must be capable of reframing the problems which were addressed by previous solutions or that targets a new set of problems. They also need a partner who can effectively deploy the solution and provide assistance whenever there is a need. SAP created a solution that addresses a set of existing problems through the method of reframing them, thereby presenting a novel way of addressing these issues in the form of BTaaS-Rise with SAP. Rise with SAP helps enterprises gain digital efficiency and flexibility.
Do you feel this pathway to intelligence is formidable and elusive? If so, rest assured that we, at Fingent, understand the challenge you face. This blog will help you understand what the benefits of the initiative are, how we approach it, and how we can help you deploy these services.
What is BTaaS-Rise with SAP
BTaaS (Business Transformation as a service) Rise with SAP is a suite of services and products. It is designed to accelerate the transformation into creating an intelligent enterprise. It is a direct response to the challenges in the steady acceleration of change in all areas of business.
As BTaaS, Rise with SAP can help businesses remain resilient and adapt to digital transformation quickly despite cutthroat competition in their respective industries. It offers these five components to build an Intelligent Enterprise:
- Technical Migration tools and services
- S/4 HANA cloud
- SAP business technology platform
- Business process intelligence
- SAP business network starter pack
Read more: Ensure Business Continuity with SAP S/4HANA Selective Data Transition Approach
How Can Your Business Benefit from Rise with SAP?
Rise with SAP allows you to be in control. You can choose where to begin your journey and you can design a suitable strategy that fits your business.
Let us now examine the twofold benefit of Rise with SAP:
Value from differentiating business capabilities and outcomes
This value has a significant impact on shareholder returns. This impact ensures long-term sustainability with purpose. Here are the top three benefits for your business:
- Top line: This includes your strategy, employees, and your products. You can improve your top line by innovating and establishing new revenue streams and business processes.
- Bottom line: You can improve operational efficiencies by eliminating repetitive tasks. You can save time and resources by allowing intelligent ERP to function as a co-pilot providing you with suggestions based on business process patterns and employee behavior.
- Green line: Rise with SAP will help you understand, monitor, and optimize environmental and social impact throughout the value chain. This will help minimize wastage, improve safety, build supplier compliance, and attain resiliency.
Value-driven from cloud delivery capabilities
This is essentially the incremental value. It allows enterprises to maximize value, minimize transformation risk, and reduce cost to the extent possible. Explore the top three benefits for your business:
- Facilitates process excellence: Using process discovery reports, migration tools, and services and other capabilities your enterprise becomes transformation ready.
- Improved service experience: Rise with SAP is a Business Transformation as a service; a simpler support model. Thus, you have the benefit of an improved service experience.
- Operational resiliency: You can hyperscale infrastructure with inbuilt full-stack security.
- Lower TCO: It allows you to use flexible user-based subscriptions and leverage hyperscale economics to lower TCO.
But what do you need to gain these capabilities? Well, you need these three things:
- Technology that can support your company processes
- A cloud provider
- A capable and efficient partner who can help you take greater advantage of Rise with SAP
Read more: It’s Time To Transform Your Business For The New Digital Age – Rise With SAP
Role Of Fingent in Leveraging These Services
Fingent is geared to work with enterprises under the framework of Rise with SAP. As SAP’s Silver Partner, we have a credible background in helping enterprises uncover business inefficiencies and redesign their processes to fit their needs. With deep domain expertise, we help them align and achieve organizational goals at optimal costs.
We understand the difficulties some organizations face in making decisions with regard to business transformation. Our program is designed precisely for such organizations. As a trusted Silver Partner, Fingent is here to guide you through every step of this exercise.
We start by developing a deep understanding of your business and your objectives. We then use our expertise in SAP to devise a strategy for a comprehensive business transformation strategy. As a seasoned SAP Silver Partner, Fingent combines its expertise with a deep understanding of user experience to maximize your operational efficiency.
Our approach can analyze complexities around your business processes and adopt a user-first approach. This can drive a successful implementation of Rise with SAP that leads to increased user adoption.
As suggested by Rise with SAP program, our engagement starts with a process and system audit. This will form the backbone for subsequent phases of the transformation process. Fingent top software development company, will be with you at every step. We work with your business leadership, key stakeholders. We involve key influences to ensure the successful completion of your business transformation.
Read more: How Fingent Helps CFOs Gain New Insights and Reliably Enable Key Decisions
We Can Help Your Business RISE!
Rise with SAP is another possibility for us to empower clients with the help of the SAP portfolio. In close coordination with SAP, we create tailor-made solutions that increase the value of this initiative for you.
To do this, we combine SAP capabilities with products and services that we have developed ourselves to individualize for your specific needs. This is how we at Fingent ensure that you receive a truly customized solution – one that addresses specific challenges in your specific environment. This will generate the best possible value for your business.
You can rely on us as your sole contractual partner and thus avoid needless complexities. We offer everything from advisory services to application management. All this can be done at your own pace, with your budget, and according to your business needs.
We can smoothen the path of transformation for our existing customers. For our new customers, we can leverage the full potential of Rise with SAP and customize it for your advantage.
Talk to our experts at Fingent and together we will find ways to make the best out of Rise with SAP for you!
Dynamic visual storytelling using SAP Analytics Cloud can reimagine your business intelligence, analytics, and reporting with real-time data. Here’s how.
“Storytelling is our obligation to the next generation. If all we are doing is marketing, we are doing a disservice, not only to our profession but also to our children and their children. Give something of meaning to your audience by inspiring, engaging, and educating them with story. Stop marketing. Start storytelling.” These impactful words from Laura Holloway, Founder & Chief of The Storyteller Agency, sets the tone for this article.
Business storytelling is a powerful communication tool. It is a process and approach that helps establish a brand’s identity by making its message meaningful and memorable.
SAP Analytics Cloud helps you create this impact by creating visual stories with your brand or product in the spotlight. Moreover, it can help your product or brand stand apart in its essence and what it stands for. Visual storytelling contributes to your brand’s alignment with customers who ascribe to the same beliefs.
This blog discusses how SAP Analytics Cloud helps analysts create dynamic visual stories and how businesses can benefit from the same.
What is SAP Analytics Cloud?
SAP Analytics Cloud is a solution in the SAP portfolio to meet the needs of data visualization in the cloud. It enables analytics (analysts) to create storyboards about your products and services faster. SAP Analytics Cloud empowers all businesses to shape their ideas in the form of fun-filled, illustrative stories.
Interestingly, studies have revealed that the human brain processes visual information 60,000 times faster than text. Defining products and services has always involved long functional specifications. As a result, they are easily misinterpreted and cannot be validated by the users. On the other hand, SAP Analytics Cloud can help analytics create dynamic visual stories that show the value of your ideas and product vision making messages more memorable and understandable.
SAP Analytics Cloud is delivered as an all-in-one, SaaS-based product. Its primary function is to create data reports that originate from various sources such as real-time data, budget forecast data, or data formatted as an MS Excel table. This solution is intuitive and user-friendly, allowing users to produce reports of varying complexity with complete autonomy.
Analysts understand that data can be a powerful influence only when it is presented in the right way. Mind-numbing spreadsheets or uninteresting charts can be turned into powerful and appealing stories with the help of SAP Analytics Cloud. Undeniably, data has a lot of potential. With an expressive storyline, you can unleash the potential of the data making it convincing and remarkable.
Read more: 8 ways business intelligence in SAP serves as your centralized suite for data reporting
Top 5 benefits of SAP Analytics Cloud
SAP Analytics Cloud is a pre-configured ready to deploy true cloud solution. It is convenient, secure, and can scale with a business of any size. Consider 5 top benefits of SAP Analytics Cloud.
1. Gain insight into what drives your business
SAP Analytics Cloud is powered by augmented analytics features driven by AI and ML technologies. So, you can automatically gain insight from any level of detail and use those key influencers of past results to predict future scenarios and outcomes.
2. Create dynamic visual stories for better decision making
Hasty decisions made on assumptions can have disastrous consequences for your business. Conversely, you can make informed decisions by interacting with visualization as you can create dynamic visual stories based on your critical business areas with trusted data. Furthermore, this solution allows you to investigate thoroughly and answer essential questions of business on the fly.
3. Simplify analytics landscape
As SAP Analytics Cloud seamlessly integrates with your data and planning solutions, you can connect to data from multiple sources. This simplifies your analytics landscape, enabling you to get the complete picture and make better decisions.
4. Drive better business outcomes
Your organization can gain complete alignment across all business aspects by aligning financial, strategic, and operations planning in SAP Analytics Cloud. Subsequently, you can now predict future scenarios and outcomes with collaborative enterprise planning in one simple cloud solution.
5. Strategize with business growth in view
Strategic planning ensures business growth and helps businesses to remain resilient despite challenges. Collaborative enterprise planning empowers you to create a fact-based plan for your business’s success. Moreover, it allows you to modify your planning data when required to drive better budgeting, forecasting, and analysis for your business growth.
Read more: 7 crucial business challenges solved by SAP Analytics Cloud
SAP Analytics Cloud help analysts tell a story with your data
Just as in writing or speaking, analytics must keep their data design simple, crisp, and to the point. Telling a compelling, dynamic visual story requires both common sense and imagination. Here are some best practices to follow:
- Consider your target audience and identify what they already know about the subject.
- Ensure the colors and style are unique to your story to avoid confusion.
- The arrangement of the dashboard must be self-explanatory and user-friendly.
- Use symbols, icons, and pictures to help your audience understand the story at a single glance.
- Do not just beautify the visuals. Instead, explain the data.
Read more: Healthcare analytics reaches new heights with SAP HANA
Use cases of how SAP Analytics Cloud helped create dynamic visual stories
Use case 1: A conservation society in Australia improves its operations with data-driven decisions
Taronga is a non-profitable organization that works to create the next generation of conservation champions. With the help of cutting-edge technology by SAP Analytics Cloud, Taronga is leveraging its data to improve operations and expand its impact. It is experiencing transparency, flexibility, and scalability while streamlining and digitizing all its business processes.
SAP Analytics Cloud provided Taronga access to real-time reporting that enabled the organization to make data-driven decisions which in turn contributed to a positive impact on wildlife conservation and enhanced visitor experience.
Use case 2: A dairy cooperative in Belgium makes informed decisions with real-time financial reporting
Milcobel is the largest dairy cooperative based in Belgium. It is a vast company that processes and commercializes 1.8 billion liters of milk from 2,400 dairy farms. The larger the organization, the greater the volume of data. So, Milcobel chose to implement SAP Analytics Cloud along with other SAP solutions. This implementation resulted in the reduction of time-consuming manual processes.
Moreover, it provided real-time data to the financial team to better understand the product margins and profitability of each of its dairy plants. Thus, the leaders can now trust that they are confidently making informed decisions based on up-to-date data. In addition, SAP Analytics Cloud ensures that all users have access to real-time data. Consequently, Milcobel has control and flexibility over their data quality and can benefit from an end-to-end strategy that combines data volume, quality, and usage to create data value.
Read more: SAP S/4HANA journey: 8 ways C-level leaders and executives can derive business value
Beyond visual storytelling
The capabilities of SAP Analytics Cloud go far beyond just visual storytelling. As an SAP Silver Partner, Fingent has worked with many clients globally and helped them bring out the best from their business using the SAP Analytics Cloud landscape.
Read more: How Fingent helps CFOs gain new insights and reliably enable key decisions
Fingent top software development company will help you create a cloud-first business environment, provide data visualization and reporting solutions, and empower your company with unparalleled business intelligence while leveraging your existing cloud and on-premise data solutions. What more could you ask for? Well, there is a lot more, and Fingent can help you tap into it all. So give us a call, and let’s get talking.
How Business Intelligence in SAP Helps You Become a Data-driven Organization
Business Intelligence is the data powerhouse essential for the survival of your business. BI can help organizations evaluate and transform complex data into meaningful, actionable information. This information allows organizations to generate operational insights and supports effective, strategic, and tactical decision-making. Business Intelligence in SAP makes data-driven decision-making better, faster, and more effective. This article helps you understand all you need to know about Business Intelligence in SAP.
Read more: SAP for Business: 9 Ways to Maximize Business Performance
Business Intelligence in SAP
Business Intelligence in SAP is a centralized suite for data analysis and reporting. It allows you to gain data from multiple data sources and distribute it to different Business Intelligent systems. In essence, Business Intelligence in SAP can work as a target system for data transfer or a source system for data distribution.
Business Intelligence in SAP allows an organization to share information in real-time with all involved, from the CEO to lower-level employees. It offers a panoramic view of data to all those with appropriate credentials. Business Intelligence in SAP can be customized easily to your specific needs. This would also mean that you can access the information much faster.
Read more: How SAP Supports Effective Business Continuity Planning
Advantages of Business Intelligence in SAP
According to Statista, the global market size for business intelligence (BI) and analytics software applications is forecast to touch USD 17.6 billion by 2024. Such an increase is a clear indication of the wide range of benefits Business Intelligence in SAP can offer organizations.
Here are a few advantages of Business Intelligence in SAP:
1. An entire range of BI-related products
SAP offers all the BI tools necessary for your company to leverage a data platform. Business Intelligence in SAP allows you to deploy these tools according to your requirement. The BI tools can be used for querying, analyzing, and reporting. You can also use them to identify trends in the data and discover any underlying issue that adversely affects the business.
SAP Analytics Cloud allows you to centralize your BI tools. From this central point, you can provide permission-based data access to the employees according to their job requirements. Additionally, ad hoc reporting tools enable you to formulate questions and find instant answers. You can gather these answers and data into valuable insight, which can be shared with the rest of the relevant employees.
Read more: 7 Crucial Business Challenges Solved by SAP Analytics Cloud
2. Information at your fingertips
Business Intelligence in SAP comes with an enterprise-wide sharing functionality. It simplifies the data to be understood easily in common business terms rather than complex semantic language. Simplifying data makes it easy to search for critical information and gain valuable insights.
Moreover, data simplification and insights generation allow you to share your findings and insights with other users across your organization. For good decision-making, businesses need valuable insights into various business modules such as finance, sales, operations, and human resources. Business intelligence combines all the views from these modules to provide more accurate information. Now, each decision-maker is armed with relevant information to make critical decisions that affect your organization.
3. Self-service visualization capabilities
Dragging data from vast storage and introducing it to a user is a gigantic task that requires data-specific knowledge and engineering skills. SAP offers several self-service tools for BI users. The self-service visualization capabilities of Business Intelligence in SAP allow its users to view and analyze data more efficiently. With this capability, you can aggregate data, conduct trend analysis, and uncover valuable insights. This can reduce maintenance costs while considerably shrinking the time spent on reporting-related tasks.
Read more: How Fingent Helps CFOs Gain New Insights and Reliably Enable Key Decisions
4. Ability to create interactive BI dashboards
Business Intelligence in SAP enables you to create interactive BI dashboards that can be customized for each user. Additionally, decision-makers can access and view these dashboards from anywhere and at any given time.
You can access the dashboards via smartphones. The dashboards are also accessible through browsers, applications, or desktop widgets, even when you are offline. It means that all users can remain connected to the company’s server at all times.
5. Integration with MS Office application
You can realize the true value of the data you possess if only you share those insights and reports with other users. Since most reporting and dashboard modules are integrated with sharing capabilities, your employees can easily share valuable insights. Integration with the MS Office application allows users to perform data analysis in multiple dimensions. It enables them to manipulate and filter data dynamically.
Business Intelligence in SAP allows you to import large amounts of data to MS Excel, enabling you to analyze and forecast effectively. You can also embed information into MS PowerPoint. This feature is helpful when you need to present business insights to stakeholders and colleagues.
6. Easy to use interface
Business Intelligence tools can be very complicated, with a complex interface designed mainly for skilled programmers or data analysts. However, Business Intelligence in SAP comes with a good instrument that allows for an intuitive user interface. With a bit of time and skill, it is easy to master the interface. Onboarding a new business user becomes more convenient as they can access all the instruments from a single web-based interface.
7. Greater flexibility and scalability
Business Intelligence in SAP is easy to integrate as it offers deployment options for most of its products. As Business Intelligence in SAP is service-oriented, it is easily scalable. Based on the need of the hour, businesses can either increase or decrease. Though you begin using business intelligence for a single project, later, you can expand to the rest of the organization. It means that both large enterprises and small businesses can benefit from Business Intelligence in SAP.
8. Allows your IT department to engage in more meaningful work
Business Intelligence in SAP can automate mundane and time-consuming tasks. It also ensures that the employees in your organization have all the resources they need to perform their tasks. It reduces the dependency on your IT department and helps your IT professionals focus their time on more productive and relevant jobs.
Read more: Top 7 Business Benefits of Adopting SAP Intelligent Robotic Process Automation
Bottom line
Easier access to data, smarter insights, better business – you can’t go wrong with Business Intelligence in SAP. It helps you run complex queries and provides you with a highly scalable solution. What more can you ask for?
Fingent is an SAP Silver Partner and is well-placed to help you get started with your BI journey. Get in touch with us and transform your business into a data-driven organization.
How Can Your Business Gain Value from SAP S/4HANA Implementation?
Companies need a digital core to overcome complexity and drive digital transformation. SAP S/4HANA is a digital core ERP that can help companies overcome complexity and thrive in today’s disruptive market.
Businesses are growing by the minute and are moving faster than ever before. Thanks to the innovative developments and improvements of the digital world!
However, today’s unprecedented disruption calls for more. Businesses need unique ways to emerge stronger from intense challenges that they might never have encountered before. C-level leaders and business owners are looking for ways to become more resilient. They understand that to keep up with ever-changing customer needs, they must invest in automation, analytics, and cloud technologies. The key priority has consequently been the move to SAP S/4HANA.
S/4 HANA is an intelligent ERP software that helps you reinvent your business model by providing easy access to real-time data.
Read more: SAP S/4HANA: Redefining End-To-End Solution
C-level leaders and executives need to understand that the journey to SAP S/4HANA is not just an IT exercise. It is an integral part of their broader digital transformation. Business owners need to review their business processes, end-to-end data, and system integrations. Such a review would assist them in developing an overall business value to guide their journey. This blog explores eight practical ways to raise business performance with your SAP S/4HANA journey.
What makes your SAP S/4HANA journey complicated?
Before we get into how to get your business booming with SAP S/4HANA, let’s look at why some C-level leaders and executives find this journey challenging.
Planning and delivering your SAP S/4HANA journey is a once-in-a-generation opportunity for transformation and generates significant investment returns. Today, C-level leaders and executives struggle to answer these three hows:
- How to articulate the business value case to generate substantial returns on investment?
- How to ensure that the program remains business-led?
- How to leverage the power of the cloud?
Leaders and executives must consider creative ways to harness the power of SAP S/4HANA. It includes the design phase, building phase, and running phase. Business value can only rise when new sources are developed that enable the business to react quickly to recover from disruption.
Read more: 6 Capabilities of SAP S/4HANA That Will Help You Become an Intelligent Enterprise
8 practical steps to gain business value from SAP S/4HANA journey
Here are eight practical steps that answer the ‘hows’ and more:
1. Articulate the business value case
You may have already set aside a significant amount of resources, both in terms of finances and staffing, to embrace the journey to SAP S/4HANA. Beginning this journey with a holistic, business-led value case will help you realize its full potential and make the best of these resources. Thankfully, there is a distinct and compelling business case for every digital function. What does this mean for C-level leaders and executives?
It would mean that they must take the time to create a fact-based business value case that can be used as an anchor throughout the SAP S/4HANA journey. Why? Because a well-defined business value case will help you fund all digital transformation efforts, including SAP S/4HANA.
Read more: SAP S/4HANA: Transforming The CFO into a Business Value Creator and Role Model
2. Avoid a ‘technically configured’ approach
A technology-led approach might not deliver the expected results. Why? In most cases, C-level leaders may find it daunting to understand their role in the digital transformation journey. So they prefer to delegate the responsibility to others. Such delegation instantly turns the digital journey into a secondary priority. Since others may not understand the business as you do, it will become challenging to configure the transformation to be truly business-led.
C-level leaders and executives must realize the potential and take an active role in the transformation. You can then think strategically to create a clear path to a more agile and insight-driven business.
3. Unleash the power of cloud solutions
To make quick and informed decisions, combine your internal and external data sources. Cloud-based applications and infrastructure will help you create a data strategy to deliver real-time insights. A well-defined cloud strategy will enable you to align the data, identify the best data sources, understand how to measure and maintain quality data, and manage your data.
Read more: Why It’s Time to Embrace Cloud and Mobility Trends To Recession-Proof Your Business?
4. Integrate suppliers before it is too late
For specific industries such as automation, supply ecosystems are strategically important. Though it may seem expensive, ensure to integrate your suppliers before SAP S/4HANA is well advanced. Such integration can be less expensive where custom developments are not warranted.
5. Leverage AI to boost your current and future business models
Businesses worldwide face extraordinary challenges and disruption today. Automation-driven growth will be the only constant during this period of uncertainty. Though SAP may not provide everything you currently need to build your business, it allows you to integrate non-SAP automation for various goods and services. Marrying historically siloed data with AI techniques can thus contribute to demonstrable ROI.
Read more: How SAP Supports Effective Business Continuity Planning
6. Integrate third-party content into SAP S/4HANA
SAP S/4HANA has been the backbone of most IT strategies. It provides critical infrastructure to support a variety of use cases. Most organizations know that connecting to third-party content is crucial for their ongoing success and competency. Such integration can help you create unique sector-specific use cases, so do not hesitate to integrate third-party content.
Read more: Deploying SAP S/4HANA: Methodologies and Tools to Adopt
7. Use available data to speed up innovation lead time
Intelligent data management can help you break down information silos and provide you with the insight and control necessary to make tactical business decisions. When organizations collaborate to share and manage data, both parties can create tremendous potential value for their businesses.
However, tapping into the value of data ecosystems can be a challenge. You can overcome this challenge by starting small and scaling later and involving partners early on. SAP S/4HANA allows you to effortlessly harness their data by breaking down your corporate strategy into different streams. Thus, businesses can dramatically lower risk and accelerate implementation.
8. Leverage SAP Cloud Platform
SAP S/4HANA cloud database allows you to make faster decisions. Since you can integrate data from across your enterprise, you can develop applications and tools required to store volatile data. SAP Cloud Platform allows you to avoid repeating failures and minimize cost.
Manage the change impact
The SAP S/4HANA journey brings in a significant change. Treating this journey as a minor upgrade can lead to missed opportunities to leverage its full potential. This makes it extremely important to partner with the right service provider to guide you.
As an SAP Silver Partner, Fingent has the expertise and experience required to help you make your SAP S/4HANA journey a success. Let’s talk.
Why is SAP the Go-to Solution for Managing Your Complex Business Functions
SAP is a powerful ERP solution for all kinds of enterprises and their subsidiaries. From streamlining and automating to standardizing your business, SAP for business performs numerous functions and accelerates business growth.
Systems, Applications & Products in Data Processing or SAP is one of the world’s leading ERP (Enterprise Resource Planning ) software. The software consists of several integrated modules that cover virtually every aspect of modern business management. Fingent, being an SAP Silver Partner, helps you realize the full potential of the wide-ranging SAP solutions that can maximize your business performance and boost profitability.
How does SAP help businesses?
Most of the traditional business models have decentralized data management, with each department storing its operational data in the individual database(s). Decentralized data storage makes it difficult for employees from different departments to access each other’s information needed to complete their tasks. Moreover, duplication of data across the departments leads to data errors and increases IT storage costs.
SAP software centralizes data management and provides multiple business functions with a single source of the truth. This enables companies to manage complex business processes efficiently, allow easy access to employees of different departments, and gain real-time insights across the organization. It helps businesses improve operational efficiency, increase productivity, boost customer experience, and eventually increase profits.
SAP for business
SAP for business offers solutions across different areas such as:
- ERP and Finance
- CRM and Customer Experience
- Network and Spend Management
- Supply Chain Management
- HR and People Engagement
- Business Technology Platform
- Digital Transformation
- Digital Supply Chain
- Small and Midsize Enterprises
- Experience Management
- Industry Solutions
- Industry 4.0
- Intelligent Enterprise Solutions
- Cloud solutions
SAP for business maximizes business performance by giving companies step-by-step guidance to set up their tech infrastructure.
Here’s how.
1. Wide-ranging experience
From government financial institutions to small businesses, SAP provides tech solutions to everyone. We extend our support, right from identifying your requirements to implementing and testing your SAP solutions to maintaining them once they are in place.
Read more: Why partner with an SAP AMS provider like Fingent
2. Efficiency improvement
In the past, companies were forced to repeat tasks day in and day out. Thanks to technology! The situation has changed today. Technology has provided companies with more innovative ways of doing repetitive manual tasks. From collecting large amounts of data to filling the databases, SAP offers an efficient and faster way of doing things.
Enter SAP IRPA. This Intelligent Robotic Process Automation suite accelerates your move towards Intelligent Enterprise. With SAP IRPA, you can redirect your resources to high-value functions.
Read more: Top 7 Business Benefits of Adopting SAP Intelligent Robotic Process Automation
Additionally, SAP provides several options to streamline different business processes and improve efficiency throughout your organization, such as SAP S/4HANA, SAP Analytics Cloud, SAP Fiori, etc.
3. Affordability and scalability
Small businesses and start-ups face the challenge of ensuring that their technology infrastructure is scalable. It means you will have to accommodate the growth in every aspect of your business. You will have to consider fitting more data, equipment, and employees. For this, you will need a system that can accommodate growth easily without the need to make changes from the grassroots level. That is where the SAP system comes into the picture. It is designed to scale up smoothly according to your business requirements post the initial implementation.
SAP for business ensures that you never invest in resources that you don’t need and instead try to derive the most out of your IT budget.
Read more: SAP Preconfigured Solutions Boost Efficiency Among Industries
4. Enhanced predictability
As a business leader or owner, you must have access to the most accurate information related to your business so that you can plan well for your business. As SAP ERP solutions are designed to provide you with options in generating company forecasts, you can easily access the real-time facts and figures stored in the SAP system.
You can use the data, facts, and figures saved in the SAP system to prepare realistic forecasts of your business and make informed decisions.
Read more: Empowering CFOs to Derive Crucial Insights and Implement Strategic Decisions with Confidence
5. Flexible solutions
SAP helps you achieve significant flexibility in adapting to changes in the market dynamics. Your business must adapt its functions to the changes in the market dynamics if you want your company to grow and expand.
It is well-known that user perspectives change over time, regardless of the industry. Hence, it is crucial to attain enough flexibility and provide what your target audience demands. SAP-enabled company structure will help you adapt to the changing market dynamics and cater to the industry demands.
Read more: How Organizations can Gain a Competitive Edge by Implementing Digital Core ERP
6. Smarter data management
Organizing data is one of the most crucial features of the SAP ERP system. Businesses need to store data in such a way that it could be accessed quickly and securely when required.
If you have multiple sources to feed information to your company, SAP helps you gather all the distributed data in one place and keep it organized.
With SAP, you can collect all the information in one place and keep it organized. For example, you can integrate your CRM with the SAP framework and keep all your customer-related information centralized. Fingent offers SAP HCI (HANA Cloud Integration) and PI (Process Integration) capabilities to integrate multiple independent systems/ applications required to run your business processes.
Read more: Create Intelligent Organizations with SAP Model Company
7. Improved compliance
SAP ERP offers the unique ability to track company regulations. Using SAP for business ensures that all operations comply with your company policies and the geographical regulations in the regions where you trade. The system will reject any exceptions automatically or set off an alert to notify you on time.
SAP helps you implement active cooperation among all your company departments and employees.
8. Cost and time savings
SAP will serve as the single source of data for all your company needs. When your employees access more accurate and up-to-date information from a single location, it will automatically reduce your organization’s operational complexities and expenses. Also, regardless of where your employees are working from, connecting to your company’s network will give them access to the centralized SAP system for trusted information, thereby saving a lot of time.
9. Streamlined communication
Whether it is marketing communication or company-specific communication, you can integrate SAP ERP to create compelling modes of communication. For example, you can create a more robust reputation management structure and focus on marketing strategies that help generate higher ROI.
Additionally, you can use flip books or online catalogs to create content that drives traction. If you are looking for business presentations for marketing or a professional portfolio, SAP can help you achieve a great level of finesse.
Read more: SAP Focused Industry Templates & Automation Solutions
To sum up,
Apart from the benefits mentioned earlier, there are many more ways that SAP for business can add a touch of sheer magic to your business endeavors and maximize your business performance to a significant level.
At Fingent top custom software development company, we provide SAP implementation and customization services that will help businesses phase out old infrastructure, upgrade to the new systems efficiently, and save money. If you are ready to get your business on to this revolutionary business suite, get in touch with us.
SAP S/4HANA: The Torchbearer in Intelligent Enterprise Journey
In the present digital age with cut-throat competition in every sector, businesses must offer compelling and consistent customer experience and innovative products and services. Your organization will be able to create a superior, personalized, and enriched customer experience only when you leverage intelligent technologies such as SAP S/4HANA.
Intelligent Enterprise can empower organizations to grow faster in an ever-changing digital environment. As your organization battles with an excess of data from various systems, you may feel overwhelmed. You know you need that data to be doing so much more than it is right now because the ability to make decisions based on accurate and appropriate data is critical to gain a competitive edge in today’s dynamic world. With SAP S/4HANA, organizations can use data, people, and enterprise assets in an aggregated manner that best suits their business.
Read more: How SAP S/4HANA transforms the end-to-end business process
This article explains how SAP S/4HANA can be the torchbearer on your journey towards an Intelligent Enterprise. Before that, let us consider the reasons why you must become an intelligent enterprise.
Top 5 reasons why your company must become an Intelligent Enterprise
An Intelligent Enterprise leverages intelligent technologies to enable the workforce to focus on higher-value outcomes. Here are the top 5 reasons why your company must become an Intelligent Enterprise.
- Allows your organization to be more agile with a clear chance of sustainable growth
- Achieve breakthrough outcomes in redefining the end-to-end customer experience
- Makes your business processes more effective and reliable
- Delivers a step-change in productivity
- Helps your business to stay ahead of the competition
6 capabilities of SAP S/4HANA that will lead your path to becoming an Intelligent Enterprise
All businesses can become intelligent enterprises by transforming their business models to become more flexible, customer-centric, and responsive to market demand. Here are six capabilities of SAP that can help transform your organization into an intelligent enterprise.
1. Intelligent suite
SAP intelligent suite is a carefully curated ensemble of solutions that address challenges faced by different business functions of an enterprise. This suite helps every aspect of your organization, including employees, clients, customer experience, products, supply chain, IT, and more. It also allows stakeholders to take advantage of in-depth business insights. In short, it enables you to have a 360-degree view of your business.
Read more: How Fingent Helps CFOs Gain New Insights and Reliably Enable Key Decisions
2. Experience management
To understand why things happen, you must understand the thoughts and sentiments of the people involved. Experience management solutions of SAP are aimed to help businesses improve customer, employee, product, and brand experiences. It is a process of monitoring each interaction stakeholders have with an organization in real-time to spot the problems. Experience management solutions provide insights into the thoughts and feelings of your employees, customers, and stakeholders.
3. Business technology platform
SAP’s business technology platform helps modernize business processes and turn data into action. This digital platform makes it easier and quicker for companies to become intelligent enterprises. It offers more options with one unified business-centric platform for data, analytics, and intelligence. Best of all, it supports application development and integration.
4. SAP industry cloud
As a service, the SAP industry cloud enables organizations to undertake application management work while the platform allows users to access data in real-time. SAP cloud is one of the most popular services today. Its key functionalities include analytics, transactions, security, integration, and more. Thus, SAP cloud empowers your business to discover and deploy vertical solutions leading to industry best practices and extend the current business process.
5. Sustainability management
The SAP suite of sustainability management solutions addresses various sustainability needs. It can integrate compliance and safety activities while improving the sustainability performance of an organization. It enables businesses to understand and manage their impact on people and their environment.
6. Business network
Across all industries, businesses have reported disrupted supply chains and effects on day-to-day business operations because of the pandemic. SAP’s business network helps enterprises adjust quickly and responsibly to disruption and fast-changing market demands. It enables companies to reinvent business methodologies with the help of interconnected value chains and flexible networks.
These six capabilities can help your business achieve the best possible results as you embark on the intelligent enterprise journey.
How do you know if you need to become an Intelligent Enterprise?
Answering the following questions will help you understand if you need to embark on the journey to become an intelligent enterprise:
- Is your company focused on customer experience?
- Do you employ an experience management platform to understand all the people involved?
- Does your company leverage intelligent technologies such as ML, AL to provide the agility and speed required for growth?
- Does an SAP cloud platform connect your business process to provide you real-time updates?
If your answer is ‘no’ to any of the questions, you know you need to get on to the path of becoming an intelligent enterprise TODAY.
Read more: Create Intelligent Organizations with SAP Model Company
Are you ready to implement an Intelligent Enterprise strategy?
The intelligent enterprise is a strategy that uses the above technology to turn data into actionable insights. This strategy enables your business to be more agile and increases the opportunity for sustainable growth. An intelligent enterprise is an approach or a strategy that your organization adopts by leveraging SAP S/4HANA. Now that you know what an intelligent enterprise is and how you can leverage SAP S/4HANA to become one, you must think about implementing it for your organization.
Though every industry is different, and the outcomes may vary, a common link across sectors is “customer experience.” Hence, it is vital to remember that the journey to becoming an intelligent enterprise starts with defining your business goals across the organization with the customer experience at the forefront. Once you define your goals, your organization must implement the essential capabilities of SAP S/4HANA at the highest level.
Read more: Deploying SAP S/4HANA: Methodologies and Tools to Adopt
Become an Intelligent Enterprise ASAP
SAP S/4HANA is a vital blueprint to becoming an intelligent enterprise. SAP solutions can empower you to become a leader in your industry. SAP S/4HANA provides you a risk-free approach that allows for a seamless transition into an intelligent enterprise without business disruption.
Read more: 7 Tips To Ensure A Seamless Transition To SAP S/4HANA
Fingent specializes in providing exceptional SAP S/4HANA custom implementation and migration services. Let’s start a conversation today and explore how Fingent, the top custom software development company, can assist you in leveraging the power of SAP S/4HANA for your business.