Even the brightest enterpreneurial ideas can be undermined by chaotic software and an understimulating work setting. To avoid any potential disruptions, there are many solutions, and SAP Business Suite is one of them, serving as an on-demand solution for ventures all across the globe.
Not sure where to start your SAP Business Suite journey? Keep reading the article to learn more about the solution and find out where to start your business transformation.
SAP Business Suite 一 A Whole New Level?
As pressure mounts on enterprises, business owners are in search of next-generation software that can unify data management, analytics and planning ‒ all in one package. SAP Business Suite is an empowering recommendation for those who strive to be knowledgeable on software innovations.
It is impossible to underestimate its core benefits, including extensive functionality and a wide choice of modules.
The initial step for your enterprise is to properly install and customize SAP Business Suite to tailor this efficient software to your business needs. Different organizations have varying requirements, so it is essential to navigate through multiple modules and get acquainted with bundled software opportunities.
The Structure of Updated SAP Business Suite
It is well known that the cutting-edge SAP Business Suite has a modular structure. Unlike previous versions, these modules are combined not by business applications (ERP, CRM, BI, etc.), but by business processes.
End-to-end business procedures can go beyond individual applications, providing users with a holistic picture of specific tasks or areas of activity. The user interface is also designed according to the same principle, with the primary focus on business users and their needs.
Hidden Possibilities and Maximum Value
The SAP Business Suite, based on the SAP HANA platform, enables real-time business management. What does it mean for an individual company? This implies that transaction processing, data analysis, and forecasting in conditions of unpredictability for contemporary business are performed simultaneously.
This considerate approach provides companies with luxurious opportunities for immediate response to challenging situations while reducing complexity and eliminating data and system duplication.
Advanced innovations allow for the creation of business value within the framework of all business operations, fostering enterprises to interact with each other.
A wide range of business scenarios, including marketing analytics, financial close, accounts receivable, material resource planning, and consumer analytics, have been optimized to create maximum value for customers.
Moreover, the SAP Business Suite on the SAP HANA platform takes business agility and innovation to a whole new level, breathing in fresh growth opportunities for enterprises. As a result, users can manage all their critical business processes in real time by applying the same, meaningful data to plan, execute, report, and analyze.
The contemporary SAP Business Suite comprises a new category of analytics applications and provides reporting capabilities based on the latest data.
As well, SAP has released a service pack to ensure a smooth transition and a solution with rapid deployment support so that existing customers can seamlessly migrate their database to the SAP HANA platform, if necessary.
This modern platform equips SAP customers to achieve profound business transformation in real time without interrupting ongoing operations.
It gives the opportunity to implement business innovations, accelerate business processes and optimize communications.
SAP Business Suite in Action
One of the most indicative processes enhanced by the SAP HANA platform is financial management, the most important process of the company, which has become the flagship of innovations in the SAP Business Suite (Simple Finance). As part of the process, many cumbersome budget procedures were eliminated.
By eliminating batch data processing and significantly reducing transaction execution time, the duration of closing the financial period has been reduced.
One of the first customers to leverage these financial innovations from SAP, the insurance company Zurich, reported that thanks to Simple Finance, the cycle of controlling recalculations decreased from 5 hours to just 1 hour.
The time required for executing reports on individual items of the general ledger has been reduced by 1,000 times (from 15 minutes to just 1 second).
Additionally, operations for evaluating positions in foreign currency are now twice as fast, thanks to the improved possibilities of SAP Datasphere.
AI and the Future of SAP
SAP Business AI offers automated solutions, which are a part of a broader initiative. A lot of companies turn to SAP’s business portfolio with AI features, which are bringing unparalleled value and profits.
SAP Business AI is transforming the management of both big and small ventures, and it is being actively utilized in the supply chain, transportation, and business impact spheres.
With the use of SAP AI, business objectives don’t seem vague anymore since they help organizations focus on their roadmap in the long run. Soon, SAP AI will assist in driving business value across various industries while also upskilling the team and building leadership development.
