All You Need to Know About Enterprise Resource Planning Software (ERP) Software

ERP software is used to manage many business functions. In the past, only large organizations considered using Enterprise Resource Planning software (ERP). But, with the rise of cloud technology, these solutions have become affordable to small businesses as well.

As a result, 96% of best-in-class growing businesses have implemented ERP software solutions.  This percentage is impressive! Yet, some may find it difficult to understand why they need ERP software now and what are the key features they must consider. This article will help you understand all you need to know about Enterprise Resource Planning software.

Read more: How Organizations can Gain a Competitive Edge by Implementing Digital Core ERP

What Is ERP Software?

ERP software is a suite of applications that are built to manage and integrate day-to-day business activities.  These activities include procurement, production, project, human resource, finances, and so on. It provides accurate and real-time data that help stakeholders make informed decisions.

Enterprise Resource Planning software helps businesses to keep track of manufacturing and distribution processes. It eliminates duplicate data and provides data integrity. Typically, ERP software enables the business processes to achieve all that their business code requires.

Among the 96% of businesses discussed in the onset, Enterprise Resource Planning software is used by various industries such as education, wholesale and retail, food and beverages, real estate, and more. All these organizations manage employees, sell or distribute something and maintain accounts. An ERP software solution allows organizations to integrate and manage all these basic functions efficiently.

Read more: 5 Salient Features of Odoo that Make it a Reliable ERP for Enterprises

Odoo

Why Do Businesses Need ERP Software Solutions Now More Than Ever?

The pandemic has ushered in drastic changes in all industries. Most industries have experienced serious setbacks while some have struggled to survive the crisis period. Few others are now thriving once again with the support of a decentralized workforce.

Decentralization is a gigantic task for those industries that operate under one roof. However, ERP software system has helped businesses to tackle the situation. Here are some ways in which Enterprise Resource Planning software can help industries as employees continue to work from home.

1. Easy decentralization

The cloud support of Enterprise Resource Planning software connects employees and the manager enabling them to work remotely. It can be used to allocate work and interact as often as required. Managers can also review the work of their subordinates remotely. It also helps organizations to manage the time offs and working hours of the employees and make it productive.

2. Effective planning helps to make better decisions

ERP software system can help you plan your project and alert your employees about their roles. The real-time data can be used to predict the challenges and forecast the demand. As Enterprise Resource Planning software is powered by AI, you will be able to assess the situation quickly and organize work efficiently. Thus, you can deploy the workforce proficiently and manage all operations profitably.

3. Stabilized business ensures a steady cash flow

ERP software tools help you stabilize your business during an economic upheaval such as the pandemic. B2B and B2C operations can be strengthened to streamline the business. Enterprise Resource Planning software system offers complete eCommerce support for businesses. This ensures a steady cash flow.

4. Safe transactions

ERP software can help you ensure safe transactions during economic crises. Plus, it enables you to remain agile and stay abreast of constantly changing customer demands. The academic sector is a great example of this as they have kept running smoothly despite being virtual. Thanks to the ERP software that makes student-teacher interactions more effective.

5. Better customer service

ERP software tools ensure quick interaction and timely delivery. Thus, it will enable the stakeholder to manage business operations safely during the pandemic. It can help you manage and continue all business-related operations on time leading to customer satisfaction and retention.

6. Online support 

As the work environment has evolved to become more remote, maintenance and repair support must be performed remotely. ERP software allows for online maintenance and support.

7. Better customer support

Enterprise Resource Planning software enables you to connect and interact with your customers through live chat or email. Marketing automation along with the best CRM tools can help businesses provide better customer support.

8. Remain resilient 

Your business can remain resilient with ERP software tools as customers can avail of your products or services from the comfort of their homes. Plus, this software system can help you automate marketing campaigns.

9. Supply chain integration

The number of businesses dependent on the online controlling system has tremendously increased during the pandemic. Enterprise Resource Planning software can enable the coordination of various supply chain activities from anywhere in the world. The investor can control all operations from the safety of his location as long as he is using ERP software.

Now that you know why Enterprise Resource Planning software is the need of the hour, you may want to know what are some of the features of the ERP software system. Please read on to find out why this software plays a pivotal role.

Read more: 8 Ways SAP ERP Software Implementation Benefits Your Business

Features of an ERP software system

  • Integration: ERP software provides a central view of financial, operational, and business data. Moreover, this data can be shared in real-time across the organization. You can now turn this data into reports and insights that your organization can use to grow your business.
  • Reporting: Reporting modules enhance business processes and identify problem areas before the business suffers. These reports may include visual representations that reveal trends and patterns to improve your business results.
  • Automation: You can automate repetitive business tasks such as order processing, invoicing, payrolls, and more. Automation reduces errors and the time spent on manual data entry. This allows your employees to focus on more value-added tasks at hand.
  • Tracking and visibility: ERP software allows organizations to track and understand business metrics by granting companywide access to near-real-time data.
  • Data analysis: Data analysis enables employees to gather a wide variety of information and turn them into actionable insights. It can optimize current operations, identify frauds, minimize expenses, and provide better customer service.
  • Accounting: This feature gives you the ability to track, store, and analyze financial data.

Read more: ERP Software Selection – 5 Step Checklist for CFOs

Successful Implementation Of ERP Software

Transitioning to an ERP software system can be challenging, but a properly implemented system can be highly rewarding. Here are some essential steps you must take for a successful implementation.

1. Determine your needs

It is crucial to know exactly what your business goals and objectives are and find ways in which an Enterprise Resource Planning software can help you achieve them.

2. Find the right ERP software

Each business has specific requirements. What worked for someone may not be the right solution for your business needs. Discuss with an expert ERP consultant to figure out what is the right ERP software for your business.

3. Data migration

Filter all unnecessary and incorrect data before you begin the data migration process. This way your system will be clean and accurate, and you can achieve efficiency and data integrity.

4. Launch the system 

A capable vendor will review your requirements before implementation to make the process smoother and shorter. Discuss this timeline with your vendor to avoid any misunderstanding.

5. Test the system

Testing can ensure that everything is working properly and give you a clear insight into the performance of the system.

6. Choose a capable project manager

A capable project manager can ensure smooth implementation of the process. He can also guide your employees through the process and ensure they understand the importance and impact it will have on your business.

7. Go live!

Go live to test the system to ensure that it is working optimally.

Read more: Why Choose Fingent as Your Odoo ERP Partner

Odoo ERP

It’s Worth Every Penny!

The modern business landscape has become volatile and fast-paced. By using an ERP software system, you can speed up your operations and remain agile.

Now that you know everything about an ERP software system, all you need to do is find one that suits your business requirements. Implementing Enterprise Resource Planning software can be one of the best decisions you make. Fingent top custom software development company, can help you achieve a smooth ERP implementation and get the best out of your software. Call us today!

Stay up to date on what's new

    About the Author

    ...
    Tony Joseph

    Tony believes in building technology around processes, rather than building processes around technology. He specializes in custom software development, especially in analyzing processes, refining it and then building technology around it.He works with clients on a daily basis to understand and analyze their operational structure, discover (and not invent) key improvement areas and come up with technology solutions to deliver an efficient process.

    Talk To Our Experts

      Streamline And Enhance Your Warehouse Management Operations With SAP EWM

      Worldwide, companies spend an average of €300 billion a year on warehousing, either in-house or through third-party logistics. The rise of eCommerce and the growth of global supply chains increase warehousing operations costs for enterprises. In addition, with the pandemic heightening consumers’ interest in eCommerce, they expect instant delivery of products. To cater to this dynamic demand, some logistic companies increased the number of their seasonal employees. With this demand continuing to rise, it becomes imperative that warehouse management processes be optimized.

      Read more: Warehousing Management System: Simplify Operations & Scale Your Business  

      Warehouse management is currently undergoing a modern-day makeover to meet growing demands. Therefore, industry leaders must take steps to optimize warehouse management to keep pace with faster requirements and ever-increasing volumes. SAP Extended Warehouse Management (SAP EWM) streamlines, simplifies and optimizes your warehouse operations. This blog considers how SAP EWM can benefit your business.

      Challenges In Supply Chain Management Today

      Supply chains are at the core of business operations. Therefore, supply chain management needs to overcome several challenges that impact the bottom line of their business.

      Read more: Top Challenges Faced By Logistics Management Today

      Here are some challenges companies should be aware of:

      1. Identifying Bottlenecks In Customer Service

      Customers’ demands have become extremely specific. Plus, they expect to be notified about any possible delays. Therefore, supply chain management can benefit from advanced planning and scheduling systems that can help them identify bottlenecks. This can help them prevent delays or notify the customer of a possible delay.

      2. Gaining High Supply Chain Visibility

      Overall production cost is affected by several factors that go unnoticed. High supply chain visibility will help the management increase the system’s efficiency and eliminate wasteful steps. Such visibility can contribute to cost control.

      3. Finding The Right Talent

      Hiring and retaining the right talent has become increasingly difficult. Hence, it is beneficial to have a performance tracking system that allows you to gauge employee productivity and spot the right talent that could be trained effectively.

      Read more: Warehouse Automation: Streamlining Operations

      4. Ensuring On-time Delivery

      Delivering goods on time is another challenge that can make you lose your customers to your competition. You can resolve these challenges with planning and scheduling software. It can help you receive and deliver the material on time.

      5. Maintaining An Agile Production Plan

      Lack of an agile production plan that does not reflect market changes can lead to inefficiency of production. You can remain agile by having a planning and scheduling system. This system helps you keep a tab on the effect of market changes without disrupting your current schedule. Those insights equip you to make the best decisions in response to those changes.

      Read more: Understanding The Types Of Warehouse Management Systems

      How SAP EWM Can Benefit Your Business

      Statista forecasts the global warehouse automation market to surpass 30 billion U.S. dollars. And, Zebra warehousing vision study shows that 80% of organizations plan to invest in new technologies to be competitive. And 27% plan to utilize full automation by 2024. SAP EWM helps you capitalize on this.

      Read more: How Robotics In Logistics Helps Improve Supply Chain Efficiency

      SAP Extended Warehouse Management (EWM) is fast, agile, and powerful. It is designed to future-proof current supply chain technology and help your business grow.

      SAP EWM can be deployed into many business environments. It can support both simple and complex warehouse processes at the granular level. It is a high-speed system that makes supply chain management more accessible and more efficient. SAP EWM can be configured to the organization’s specific needs and can be streamlined over different locations.

      Here are some other ways your business can benefit from SAP EWM:

      1. Optimize Task Management

      In a standard warehouse, one person can be seen going to the same stock bin several times during the day. This happens when all orders that need to be picked for a day appear together, making it difficult to break them down.

      You can optimize the picking process with SAP EWM. The platform uses various algorithms to employ the most efficient way to complete as many tasks as possible. This prevents pickers from wasting their time as they have to tread the same path constantly. Plus, SAP EWM’s voice picking functionality enables shorter search time and minimizes errors.

      Read more: How SAP Helps Realize Voice-enabled Warehouse Operations

      SAP EWM can easily integrate all processes to provide easy end-to-end operations management. It can take the burden off your team for outgoing shipments allowing them to tackle inevitable snags that need to be addressed.

      You can link SAP EWM with your transportation management system for greater accuracy for delivery targets. It provides your company a holistic outlook alerting your team when to expect delays and other time-sensitive information.

      2. Streamline Labor Management

      Efficient use of time, effort, and resources can contribute to business growth. This is another point where SAP EWM can integrate with your WMS. The platform can provide structure in the workplace. With a good framework, each worker knows their location and responsibilities. Such an organized structure will help your employees enjoy more efficient task allocation.

      SAP EWM generates real-time insights on workers’ performance, enabling managers to offer more constructive suggestions to improve efficiency. Subsequently, your employees develop more efficient and consistent work habits.

      3. Control Costs

      Not following the first-in, first-out method for perishables and inefficient use of space and labor can increase wastage. SAP EWM can help reduce wastage of perishables by identifying which units need to be picked first.

      SAP EWM can maximize the use of the warehouse space by optimizing the location for each pickup time. It optimizes your space and the travel path of the pickers. All this will reduce your on-hand inventory and reduce your space costs without compromising on quality.

      4. Boost Customer Relationship

      SAP EWM can reduce delivery lead times and order accuracy errors. This increases customer satisfaction and results in more sales. Thus, SAP EWM elevates and improves relationships with your suppliers and end customers.

      Read more: Logistics Management Software – Everything You Should Know

      Leverage SAP EWM Capabilities With Fingent

      Logistics providers must evaluate the best warehousing management solution for their specific needs. If your business is at a crossroads in choosing the best option for your warehouse operations, Fingent is here to help. Feel free to contact us to learn more about how SAP EWM can transform your business.

      Fingent is a certified SAP silver partner and has assisted global businesses in successfully implementing SAP EWM. Our custom software development experts can guide and help you explore the flexibility in deploying SAP EWM and ensure it is the best fit for your specific business requirements.

      Stay up to date on what's new

        About the Author

        ...
        Vinod Saratchandran

        Vinod has conceptualized and delivered niche mobility products that cater to various domains including logistics, media & non-profits. He leads, mentors & coaches a team of Project Coordinators & Analysts at Fingent.

        Talk To Our Experts

          Streamlining SAP S/4HANA Migration with Selective Data Transition

          Though the COVID-19 pandemic accelerates digital adoption among industries, the journey towards Intelligent Enterprise can be complex. Typically, this begins with establishing an intelligent core like SAP ERP. However, even migrating to a new system is more than just a simple upgrade for many companies. With several years of historical business data across complex system landscapes, companies will have to adopt a specific migration approach to SAP S/4HANA. A well-defined migration approach will help businesses ensure business continuity, embrace innovation, and stay relevant and competitive. This post will look at SAP S/4HANA Selective Data Transition Engagement and how this approach accelerates SAP S/4HANA migration.

          Read more: Deploying SAP S/4HANA: Tools and Methodologies to Adopt

          Two Popular SAP S/4HANA Migration Methods

          There are two popular methods to manage SAP S/4HANA migration.

          1. Greenfield migration

          The first option is the Greenfield approach or a complete re-engineering (new implementation). However, the limitation of this approach is that you cannot migrate your historical data and so cannot take advantage of the latest intelligent features you need for your company’s historical data to work.

          2. Brownfield migration

          The second option is the Brownfield approach that allows migrating high volumes of historical data (system conversion). However, moving a vast amount of historical data could leave you with more data that could be non-compliant with data privacy laws. Also, this approach could leave you with a lot of irrelevant data in your newly configured system.

          As both these options offer certain limitations, SAP formed a brand-new approach, the SAP S/4HANA Selective Data Transition Engagement, that makes your data migration to SAP S/4HANA a lot easier.

          What is Selective Data Transition?

          Selective Data Transition, also known as Hybrid Approach or Landscape Transformation, is an alternative to the New Implementation approach (Greenfield) or System Conversion approach (Brownfield). It allows you to consolidate several ERP systems to one central SAP S/4 HANA system. Selective Data Transition is vital for companies moving from an existing SAP ERP solution to SAP S/4HANA on-premise or SAP S/4 HANA cloud (private edition).

          Just like an inland river delta flowing into the ocean, Selective Data Transition allows you to migrate only a relevant selection of your existing ERP data to SAP S/4 HANA. So, if you’re on SAP ECC planning for transition to SAP S/4HANA, then selective data transition is one of the best approaches to move to SAP S/4HANA.

          Case Study: Thermo Pads partners with Fingent to migrate from ECC 6 to SAP S/4HANA. View Case Study

          Business Benefits of Selective Data Transition Approach

          • Selective data transition avoids business disruption when moving to SAP S/4HANA and enables you to go live according to your business needs. In general, this approach allows for a single go-live, moving several organizational units or roll-out in multiple phases, for example, by country.
          • This approach enables you to migrate only your relevant historical data and retain a consistent process chain while leaving behind obsolete data, for example, outdated company codes.
          • Selective data transition helps you define your speed and combine single projects such as a new go-live implementation, finance management, etc. while moving to SAP S/4HANA in a single step or a phased approach.
          • With SAP S/4 HANA, you can introduce new business processes and manage your historical data while protecting good practices and previous investments.
          • The near-zero downtime approach restricts the technical downtime to just a few hours.
          • Selective data transition can help change your landscape by either splitting or consolidating existing systems.

          Read more: 7 Tips to Ensure a Seamless Transition to SAP S/4HANA

          Customize Your Selective Data Transition Approach with Fingent

          Selective Data Transition Engagement is a great way to balance between redesign and reuse. It can happen across various scenarios for companies of different sizes to support a smooth transition to SAP S/4HANA. This approach provides a suitable IT landscape for every company’s unique needs. Selective data transition goes beyond the standard implementation as it offers several options for customers to choose from, based on their current landscapes and future needs.

          You can work with Fingent and define the appropriate structural changes that need to be considered during data migration, along with any business processes that may need to be modified or redesigned. Our tailored approach has helped many of our customers to increase their flexibility to adapt data and processes in just one step.

          Read more: SAP S/4HANA journey: 8 ways C-level leaders and executives can derive business value 

          SAP S/4HANA

          With Selective Data Transition Engagement, companies can even take advantage of select innovation and modify their business processes to facilitate the use of the latest tools and functionality without the need to start from scratch.Companies having mature SAP landscapes can clean up their environments while retaining those investments that matter most and lower their transitions by bypassing preparation projects.

          Selective data transition can even help split some of your projects between the cloud and on-premise. It also allows you to restructure and consolidate your environments as you want. But, most importantly, this approach helps you save time by combining all tasks in just one step.

          Read more: 6 capabilities of SAP S/4HANA that will help you become an intelligent enterprise 

          SAP S/4HANA

          So, if you are interested in learning how the SAP S/4HANA Selective Data Transition Engagement can help your organization accomplish successful migration, don’t hesitate to contact Fingent. We are an SAP Silver Partner and have the expertise in this area to expedite your intelligent enterprise journey.

          Stay up to date on what's new

            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.

            Talk To Our Experts

              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  

              Business Intelligence in SAP

              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

              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  

              Healthcare

              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 

              SAP S/4HANA

              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.

              Stay up to date on what's new

                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.

                Talk To Our Experts

                  SAP Benefits for Business:
                  8 Ways SAP ERP Software Helps Business

                  The One SAP Benefit That Makes it The Perfect Choice for Businesses

                  One of the biggest advantages of SAP over other technologies is its ability to seamlessly integrate with other systems and applications, providing a unified view of an organization’s data and enabling faster decision-making. With its flexible architecture and extensive customization options, SAP can be tailored to meet specific business needs, making it an ideal solution for businesses of all sizes and industries.
                  With businesses transforming themselves digitally, SAP ERP systems have seen a rise in popularity for the past few years, especially since 2019. What makes the system so unique? For one, SAP ERP can be implemented by all businesses, big or small, and reap the benefits of the software. That said, SAP software provides solutions that help companies to adapt to the ever-changing technology landscape.

                  What is SAP ERP

                  SAP stands for Systems, Applications, and Products in data processing. SAP is the market leader among ERP software providers. SAP ERP comprises several modules that help companies gather, maintain, store, and interpret data from functional areas such as-
                  In other words, the SAP ERP system produces a precise process that offers a complete perspective (internal and external) of your business.

                  SAP’s Three-Tier Client-Server Framework

                  SAP ERP is generally brought into action in a three-tier client-server framework consisting of the presentation tier, the application tier, and the database tier.

                  The Power of SAP: Eye-Opening Statistics on How It Can Revolutionize Your Business

                  1
                  With a global presence in over 180 countries, SAP has a customer base exceeding 400,000.
                  2
                  Companies implementing SAP have reported a significant boost in productivity by 20%.
                  3
                  Companies that haven’t integrated SAP into their supply chain processes may miss out on up to 90% of the potential cost savings.
                  4
                  SAP systems are capable of achieving a remarkable improvement of up to 95% in data accuracy.
                  5
                  80% of SAP users experience better decision-making processes, giving them a competitive edge in the market.
                  6
                  SAP integration cuts IT costs by up to 30%, giving businesses more budgetary room to thrive.
                  7
                  Reports indicate that businesses utilizing SAP software can achieve a remarkable 200-400% ROI.
                  8
                  Integrating SAP systems into a business’s operations can lead to a significant increase in sales of up to 25%.
                  9
                  70%+ of SAP users experience better customer satisfaction, showing the software’s effectiveness in elevating customer experiences.
                  10
                  SAP offers businesses up to a 40% boost in operational efficiency.

                  Beyond Just The Benefits: Real World Uses of SAP ERP Software

                  Companies mostly use SAP for information flow, effective data processing, business process management, and operation solutions. It shines brightest in the fields of Finance, Human Resources, Sales and Distribution, Programming, Warehouse Management, and Cloud Technology. SAP also performs exceptionally in handling information for organizations. Software like SAP S/4HANA leverages in-memory computing to process vast data volumes and simultaneously supports advanced technologies such as machine learning and Artificial Intelligence (AI).

                  Accounting And Finance

                  SAP ERP manages your company’s financial transactions regardless of whether it is a small business or a large-scale one. It can consistently redefine the real-time financial status of your organization and connect it with other SAP modules such as sales and distribution, payroll, and human resources.

                  Supply Chain Management

                  The SAP ERP module in charge of supply chain management allows users to fabricate and manage a sustainable supply chain. It helps users effortlessly communicate with their suppliers, customers, and business partners. Due to this cohesive intelligent system, tasks like planning your production and assessing demand fluctuation become easier.

                  Human Resource Management

                  With the help of SAP, your HR department will function with increased efficiency. SAP's module merges and integrates various HR-related processes such as payroll, employee performance tracking, compensations, etc.

                  Material Management

                  SAP's module responsible for material management can help users control vital aspects of material management and production while assisting in managing different buying processes. A few common uses of this SAP module are consumption-based planning, purchasing, and inventory management.

                  Sales And Distribution

                  This module is specifically designed to overlook all transactions and processes related to sales and distribution. This module lets users handle inquiries, quotations, transportation, billing, pricing, and other tasks.

                  8 Benefits Of Implementing SAP ERP Software Into Your Business

                  In comparison to its competitors, SAP is known to be much more flexible. This makes it a viable option for companies of any industry or size. SAP has also proven to provide booming benefits to its users, eight of which are listed below:

                  1 Efficiency Of Business

                  The ERP system will eradicate repetitive tasks and take them off the employee’s hands, allowing them to focus their energy and concentration on more important tasks. It performs mundane tasks with precision and efficiency that enhances the company’s day-to-day operations and reduces errors and costs significantly.

                  2 Data Security

                  Data security is a growing concern in modern business as cyber security breaches and hacks increase dramatically with the growth of technology. For this reason, the SAP ERP system is built to improve data security by providing limited access to relevant information through built-in security systems and firewalls. On the other hand, data is consistently backed up and centralized to prevent any failure that may lead to loss of information.

                  3 Scalability

                  Scalability is a crucial feature that allows users to adjust their data processing system as their company expands and contracts. Whether they are exploring a new market field or simply expanding their customer base, SAP software eases the transition ensuring that businesses have the flexibility they need. Users can create a simple integration and seamlessly scale up according to their industry specifications with the help of SAP.

                  4 Reduced Costs

                  As seen time and time again, SAP ERP has the ability to cut costs for the company on a large scale due to its features of automation, centralization, and minimization of administration and operation expenses. When repetitive tasks are assigned to an SAP system, fewer complications arise, allowing businesses to operate more deftly.

                  5 Improved Data Management

                  Since Data Management is the primary reason businesses choose to implement SAP, it more than holds its end of the deal. SAP ERP systems organize and store a company’s scattered data in a single location. This makes data easily accessible and quickly reviewable. ERP also wields a level of automation that enables staff members throughout the business to view shared data without retaining manual records.

                  6 Customer Service

                  Maintaining customer satisfaction and effectively managing your sales and inventory can be taxing, especially when your customer and inventory data are stored on separate systems. When implementing ERP systems, your client information is centralized and streamlined, giving your sales reps a good footing to build quality client relationships. It also offers a quicker traceable feature.

                  7 Customizable

                  One of the flashiest features of SAP ERP is its high customizability. It can be bent and shaped according to a business’ requirements down to its specific needs. It allows the business to choose the components it needs and discard the rest. Its adaptable nature means it is easy for employees to comprehend and utilize. The system is available on almost all electronic gadgets, making it available to employees or management to use from anywhere.

                  8 Analysis And Forecasting

                  Accurate analysis and reporting can be a grueling task for employees. By implementing an SAP ERP system, information risk is eliminated as there is no duplication of data. The system provides instantaneous reports of every task in an organization. It also offers risk assessment with accurate performance reports.
                  Those mentioned above are only a few significant benefits of implementing the SAP ERP system into your business. Other advantages of this technology include improved collaboration, better planning and reporting, innovative technology, upgraded transparency, excessive mobility, and many more.
                  Fingent top custom software development company is a certified SAP Silver Partner authorized to deliver a broad range of SAP consulting services across the wide spectrum of solutions offered by SAP. We enable our clients to customize and implement SAP ERP solutions to accelerate their digital transformation journey. We also provide continuous support, SAP AMS, and quality management services to monitor your ERP environment.

                  Stay up to date on what's new

                    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.

                    Talk To Our Experts

                      SAP ATTP Enables COVID Vaccine Manufacturers to Overcome Supply Chain Vulnerabilities. Find How!

                      Vaccinating the whole world and making everyone resistant to COVID-19 is a daunting task. From managing product life cycles to supply chain tracking, and massive distribution, SAP Advanced Track and Trace for Pharmaceuticals (SAP ATTP) is helping the world’s leading vaccine manufacturers. 

                      With regulatory requirements looming, meeting the target of delivering COVID vaccines to millions will require an efficient system that will eliminate any hiccups in the supply chain. Pharmaceutical companies must examine serialization and track and trace solutions to control the chain of custody to prevent tampering, counterfeiting, theft, and diversion. 

                      Read more: 7 Practical Steps to be Implemented by Organizations that Engage in COVID-19 Vaccine Delivery

                      COVID-19 Vaccine

                      Thankfully, SAP ATTP (SAP Advanced Track and Trace for Pharmaceuticals) has emerged as a solution. It can enable your company to comply with serialization and associate reporting requirements. As SAP ATTP was co-developed with the leading pharmaceutical companies, it can be tailored to address the specific needs of your pharma company and your stakeholders. This blog will explain how SAP ATTP can quicken and smoothen the race to vaccinate the world. Let us begin by understanding what SAP ATTP is.

                      What is SAP ATTP?

                      As the name SAP Advanced Track and Trace for Pharmaceuticals suggests, SAP ATTP involves the journey of the vaccine from its source (the pharmaceutical company) to the destination (the end-user) within the supply chain. SAP ATTP enables companies to enforce specific measures to identify the product and view its journey to reduce counterfeit and stolen vaccines.

                      It addresses the regulatory requirements for serialization, tracking, and tracing of all pharmaceutical products, including COVID-19 vaccines. It is specifically designed to solve the issues with expected data volumes, queries, and reporting as per the guidelines. SAP ATTP is now playing a critical role in major pharmaceutical companies across the globe. 

                      Leading COVID vaccine producers like Moderna, German vaccine manufacturer CureVac, AstraZeneca, and others are relying on SAP to manufacture and distribute vaccines on a global scale. According to SAP’s report, 18 of the world’s top 20 COVID vaccine producers run their entire product lifecycle and supply chain processes on SAP for better traceability, tracking, and serialization. 

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

                      SAP for business

                      What is the significance of SAP ATTP?

                      If you have experienced a delay in delivering an urgently needed pharmaceutical product, you can understand the potential impact it can have on people and society. If the first challenge was to create and test vaccines at record speed, the next challenge is to vaccinate people across the globe before the virus mutates and becomes more virulent. This demand is stretching the supply chain to its limits. Digitizing their production to achieve production scale and flexibility is critical as most vaccine producers are data-heavy industries.

                      What are the advantages of using SAP ATTP software?

                      SAP ATTP is a solution that facilitates data exchange with packaging lines, supply chain partners and contract manufacturing organizations, and warehouse applications. Here are a few benefits of this software:

                      • Integrates serialization with business processes
                      • Enables compliance with directives across markets
                      • Reduces compliance costs for all serialization requirements
                      • Streamlines and manages a secure pharmaceutical supply chain
                      • Packaging line integration
                      • Boosts efficiency of your supply chain
                      • Enables simple reporting processes

                      How can SAP help win the race to vaccinate the world?

                      For perhaps the first time in history, pharmaceutical companies were pushed to focus all their resources on the development of vaccines in record time. And for the first time in history, they are expected to win the race to vaccinate the global population. This is an opportunity for intelligent enterprises to make a difference. SAP rose to assist by providing various solutions to address this pressing need.

                      1. Enables collaboration with supply chain partners

                      SAP helps pharmaceutical companies comply with international legislation, which focuses on ensuring genuine medicines reach patients and product authentication. SAP applications enable serial number management and regulatory reporting capabilities. Companies can use SAP to facilitate collaboration with supply chain partners, such as contract manufacturers and wholesalers. SAP cloud platform enables trading partners to exchange large amounts of serialization and associated data.  

                      • Pharmaceutical companies must guard against product counterfeiting, reimbursement fraud, diversion, and medication errors. 
                      • A company must include verification in case of the return of vaccine packs or an apparent tampering of the products. 
                      • SAP’s digital network consists of a blockchain-based verification repository to eliminate such counterfeit products along the supply chain. 
                      • Once manufacturers push data into the blockchain, wholesale distributors can execute verification requests. Since these solutions can be integrated into a pharmaceutical company’s backbone, your company enjoys a holistic view of its end-end processes. 

                      Read more: 6 Tips for Logistics and Supply Chain Leaders to Plan COVID-19 Vaccine Distribution Strategies

                      COVID-19 vaccine distribution

                      2. Ensures patient safety and eliminates the risk of fake vaccines

                      Pharmaceutical thefts have cost billions of dollars worth of losses annually. One measure taken to overcome this challenge was to implement serialization. Serialization of pharmaceuticals protects the end-user and prevents manufacturers from producing fake goods. 

                      SAP serialization allows you to provide a unique identifier (UID). It enables manufacturers to define regulations based on the laws of each country. For example, certain countries may require the entire product dose to be serialized, while others may require each unit to be serialized. SAP allows you to comply according to your country’s regulations. However, serialization is just the first step.

                      Case Study
                      Fingent simplified E-Way Bill Generation through Automation for Dabur, a leading Ayurvedic medicine and natural consumer products company in India.  Explore Now!

                      3. Helps you gain visibility of the vaccine from its source to destination

                      SAP ATTP allows for a transparent journey of vaccine from its source to the destination. Tracking involves knowing the current status, such as the current location of the shipment, in whose possession it is, and the condition of the vaccine, while Tracing involves knowing the past, such as where the vaccine has been, who had it, and was it handled appropriately.

                      SAP ATTP is beneficial to companies since the early stages of production and distribution. As it allows you to enter all the product details into the system, it is easy to locate where the product is at any given point in the supply chain. Furthermore, SAP can enable withdrawing a specific compromised batch instead of an entire shipment saving a considerable amount of money.

                      Pharmaceutical regulations vary from country to country. Nevertheless, all pharmaceutical products must be serialized for easy identification within the supply chain. Apart from this, certain governments may require companies to report data to regulatory bodies or authorities. They may also require verification of the products to ensure it is an authentic product. SAP can make these tasks more efficient as it allows you to:

                      • Generate and format serialized numbers
                      • Aggregate goods for quick and easy scanning of the vaccine units

                      Read more: How SAP Helps Realize Voice-enabled Warehouse Operations 

                      Voice-enabled warehousing

                      Leave no loopholes in the vaccine supply chain

                      SAP ATTP helps pharmaceutical industries to gain real-time visibility into the location and condition of their product along the entire supply chain. In addition, it helps them perform better management by allowing real-time reporting and analysis to turn insights into actions fueling the mission to vaccinate the world.

                      As an SAP Silver Partner, Fingent top software development company, can help you implement SAP ATTP seamlessly and cost-effectively. Time is of the essence right now, and vaccine producers need to get the vaccine out faster while ensuring safety and compliance. So let’s save lives together. Connect with our SAP expert to see how you can benefit from implementing Advanced Track and Trace for pharmaceuticals. 

                      Stay up to date on what's new

                        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.

                        Talk To Our Experts

                          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

                          SAP for business

                          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 

                          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 

                          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

                          CFO

                          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.

                          Case Study
                          Fingent helped a real estate giant reduce manual work, improve TAT, and increase profitability by integrating multiple role-based mobile apps into their SAP ERP system.  Download Now!

                          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 

                          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. 

                          Stay up to date on what's new

                            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.

                            Talk To Our Experts

                              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  

                              SAP S/4 HANA

                              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 

                              SAP S/4HANA

                              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 

                              SAP S/4HANA

                              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. 

                              Case Study
                              Fingent helped a client seamlessly migrate to SAP S/4HANA to smoothen their operation.  Read It Now!

                              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? 

                              Cloud and Mobility

                              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 

                              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.  

                              Case Study
                              Fingent implemented SAP S/4HANA for a client and achieved a process-driven solution to handle day-to-day scenarios with less personnel intervention, minimize paperwork and enhance preventive maintenance.  Read It Now!

                              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

                              Stay up to date on what's new

                                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.

                                Talk To Our Experts

                                  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

                                  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

                                  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.

                                  Enable e-Invoicing Integration
                                  We enable e-invoicing integration for SAP users to stay compliant with GST India regulations.    Click here to explore!

                                  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

                                  Stay up to date on what's new

                                    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.

                                    Talk To Our Experts

                                      Why partner with an SAP AMS provider like Fingent

                                      SAP AMS provides many benefits in managing and maintaining a company’s SAP ERP system. IT management’s role in companies has changed dramatically during the pandemic. The demand for SAP AMS (Application Management Services) is no different. As a result, applications must be adapted and kept up-to-date with the latest technological developments. Moreover, problem-solving takes time. This is a risky situation for businesses that are dependent on perfectly functioning IT.

                                      Therefore, it is clear that to derive all those benefits from Application Management Services (AMS) while managing complex SAP applications would require an expert technology provider. An experienced partner like Fingent top software development company, can ensure successful SAP application support and management. Fingent is a certified SAP Silver Partner authorized to deliver a defined SAP application support process. This blog discusses the top six benefits of working with an SAP AMS provider. Let us begin by understanding what AMS is and why it is crucial for your business. 

                                      What is SAP AMS, and why is it important?

                                      SAP Application Management Services (AMS) are processes used to maintain, enhance and manage enterprise SAP environments. It includes development, implementation, testing, maintenance, and support. These services can be delivered by a qualified consultant that can leverage their expertise and business knowledge to provide maximum value to your company. Because they do this repeatedly, the time value is saved. An AMS provider gives you the ability to be more strategic with your SAP solution. 

                                      Read more: What is Business Process Expertise in SAP and Why You Need it

                                      SAP

                                      Here are three reasons that make AMS vital for your organization:

                                      • Your IT becomes more strategic and less tactical
                                      • Tailored AMS solutions can meet your specific business needs
                                      • You will receive 24/7 assistance for your applications

                                      Top six benefits of partnering with an SAP AMS provider 

                                      Gaining control of your digital landscape is imperative for business success. You will find it challenging to meet business requirements if your application demands too much attention. Working with an AMS provider allows your IT team to focus on strategic projects, giving your business the needed technology boost. Here are some key benefits of working with an SAP AMS provider:

                                      1. Enhanced flexibility

                                      We live in a world where you cannot predict what might turn everything on its head. This presents a need to be flexible in business. No matter which industry you are from, you are expected to adapt to any new situation and forge ahead. In other words, the more flexible and adaptable your business is, the more successful it will become. This makes it a smart move to keep up with new solutions constantly. Partnering with a capable SAP AMS provider will reduce the burden of suddenly having to implement more extensive projects. 

                                      2. Strategic overview 

                                      A mature SAP AMS provider will know what is essential to obtain more value from your SAP solution. With that aim, the provider will enable your organization’s IT team and resources to be more strategic than tactical. A good AMS provider will ensure that they fit seamlessly with your IT staff as an extension that enables your team to drive and deliver value-added SAP solutions. 

                                      3. Round-the-clock, follow the sun operation 

                                      Businesses looking for highly efficient, stable, robust, and cost-effective operations of their SAP environments must work with SAP-certified partners to enjoy maximum benefits. Most SAP AMS providers offer maintenance for daily operations, 24/7 production support, database services, etc. However, supporting more critical aspects such as functional and technical consulting of various SAP modules requires an experienced AMS provider who can bring in the prowess to turbocharge your applications’ landscape. 

                                      Fingent as a certified SAP Silver Partner delivers beyond the promise of regular maintenance. You can rest assured of an infrastructure that is ready to meet future challenges.

                                      Read more: How SAP Supports Effective Business Continuity Planning  

                                      Business Continuity Planning

                                      4. Tailored AMS solutions to fit your business requirements

                                      The ideal SAP AMS partner knows your business so well that they will quickly adapt to fit your needs. Such knowledge about your organization is gained over time by maintaining a long-term relationship with your company. When you work together in partnership, you can define a right-sized and right-stored delivery model that perfectly fits your organization’s specific needs. A wide range of AMS solutions along with a capable AMS provider offers the possibility to custom-make your solution package to fulfill your unique requirements. 

                                      5. Well-equipped to positively improve ROI

                                      Many successful organizations look for new and innovative ways to help them improve their ROIs. Partnering with an SAP AMS provider will help your business adopt new technological changes without requiring to train your employees rigorously. The AMS provider can help your business handle demands more productively. Well-maintained AMS can generate automatic reports that can help your business determine the actions taken to improve your ROI.

                                      Case Study
                                      Explore our successful SAP implementation, customer stories! Download Now!

                                      6. Save money with AMS 

                                      Working with an SAP AMS provider can help businesses save money. Your organization will no longer have to hire employees to carry out separate tasks. You could hire a team of professionals from your SAP AMS provider and pay only for the services you have used rather than pay for every employee individually. The amount thus saved can be directed to another department and used in the best way to generate more profits for your business. 

                                      Choice of SAP AMS provider

                                      Remember, the choice of your SAP AMS provider directly impacts your business operations. To find a perfect match when choosing an SAP AMS provider, you must ensure that they provide deep SAP expertise along with an in-depth understanding of your IT infrastructure and process. Apart from technical expertise, your provider must have the industry know-how to understand your company’s unique needs and possess the ability to add immediate value. 

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

                                      CFO

                                      We assure you that you can benefit from our SAP AMS approach at Fingent. Our AMS program can help your organization irrespective of your company’s size or your industry type. Fingent’s SAP AMS practice excels at helping you achieve operational and strategic objectives with superior technical expertise and industry knowledge. We ensure uninterrupted business operations and ongoing productivity improvement in your organization. Talk to an expert to learn more. 

                                      Stay up to date on what's new

                                        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.

                                        Talk To Our Experts

                                          ×