The newest version of SAP S/4HANA comes with a wide range of modules designed to meet different business needs. You can expect to have a variety of components that align with your business objectives and goals, regardless of the field.
Gaining a full understanding of what SAP S/4HANA is and the features contained in its modules will help you appreciate how the system can benefit your business operations.
What Is SAP S/4HANA?
SAP is a popular enterprise resource planning (ERP) platform developed by a multinational German software company. It is designed to help organizations streamline their processes and enhance their revenue generation potential. With SAP, you can automate key business operations and processes, gain useful insights into your business, and make well-informed decisions based on the available data.
If you’re in the manufacturing sector, SAP S/4HANA contains a specialized manufacturing ERP software package you should consider. This ERP solution was developed to automate core business operations and integrate related technologies, including artificial intelligence, the Internet of Things, advanced analytics, and machine learning tools.
This approach allows the SAP S/4HANA system to simplify and accelerate business operations. The suite offers a simplified data model and a lean architecture that delivers a superior user experience with various models embedded in SAP S/4HANA that are dedicated to different areas of your business.
What Are SAP S/4HANA Modules?
SAP S/4HANA software is designed to perform many business operations, including business planning, implementation of real-time applications, business data analysis, text processing, and much more. The modules within the system are designed to address specific functionalities for designated business purposes.
Here are the main modules found in SAP S/4HANA:
Finance Module
This module helps you analyze and plan your finances. You can create monthly or yearly budgets and projections, depending on your financial planning needs. The SAP S/4HANA Finance module facilitates constant planning, prediction, and analysis for strategic, operational, and financial planning activities.
The module also incorporates related functions, including investment management and enterprise controls so you can easily manage your financial accounting requirements.
The financial accounting subcategory offers other features such as general ledger, accounts payable, bank accounting, accounts Receivable, travel management, funds management, and asset accounting. The treasury management subcategory supports important activities like cash and liquidity management, treasury and risk management, and payment and bank communication.
Manufacturing Module
This module offers you the capacity to plan and control your production processes. It facilitates core activities in several areas of manufacturing, including production engineering, execution and control, prolonged production engineering and operations, data management, quality management, production planning, and protracted production planning and forecasting.
Asset Management Module
This SAP S/4HANA module facilitates the planning, forecasting, and execution of maintenance operations. It contains several subcategories, including resource scheduling, environment health and safety, plant maintenance, and change management.
This module helps you optimize your resources (e.g., workforce, equipment, and supplies) needed for proper maintenance. It supports you when responding to vulnerabilities so that your manufacturing processes don’t remain idle for long.
You’ll always have useful insights on the ongoing and expected maintenance projects, as well as the available maintenance resources. This minimizes asset downtime, allowing you to continue with your business activities uninterrupted.
Human Resources Module
This module supports the management of your workforce and covers areas such as talent management, payroll, training, event management, personnel management, and personnel time management.
Sourcing and Procurement Module
The sourcing and procurement module facilitates centralized and scalable sourcing and procurement processes. Its built-in analytics capabilities are based on machine-learning technology, providing you with the necessary insights to forecast needs for enhanced negotiations and management of materials.
Final Thoughts
You can grow your business with SAP RISE or SAP GROW solutions that are built on the SAP S/4HANA Cloud platform. You just need to understand the difference between GROW with SAP and RISE with SAP to determine which one best suits your ERP needs! Reach out to a Navigator Business Solutions specialist today to learn more.
