SAP S/4HANA is a popular enterprise resource planning (ERP) platform for large organizations that is built on the SAP HANA in-memory database. It helps users gain a clear, end-to-end perspective of their organization and leverage real-time data to make informed business decisions.
The software offers a suite of tools that form the core of SAP's ability to digitally transform your organization by streamlining processes and creating new ways of doing business.
It makes your organization more adaptable, robust, and responsive to changing business environments and customer demands. If you’re looking for a reliable and effective manufacturing ERP system to streamline your operations, it’s time to take a closer look at SAP S/4HANA.
What SAP S/4HANA Does
SAP S/4HANA is a next-generation business solution that addresses the needs of various types of businesses from manufacturing and logistics to finance and human resources. It is an innovative, ready-to-implement cloud ERP solution built on the latest best practices of various industries, including pharmaceutical, life science, and distribution. The platform allows you to apply preconfigured processes for faster implementation and helps you restructure your business models and redefine your work.
SAP S/4HANA can help you grow your business and clientele base quickly when you add clients, products, and markets to the database. Because this is a ready-to-go ERP system, you can leverage its proven improved speed and adaptability without the bumps and hiccups that come with systems built from the ground up.
History of ERP Improvements
Since it was launched in 2015, SAP S/4HANA has undergone a series of improvements, particularly to its core areas of focus (e.g., manufacturing, asset management, sourcing, procurement, and supply chain). Some of the major improvements on this ERP suite include the addition of production planning, detailed scheduling, and extended warehouse management functionalities.
In 2017, SAP added machine-learning functionality to its ERP software to make it easier for you to reconcile your goods and invoice receipts, as well as automate invoicing. The company also added transportation to the suite in September of the same year to allow businesses to manage transportation functions more effectively. The following year, analytical accounting functionality was added to service accounting activities.
SAP also made significant improvements to the suite’s emerging areas like artificial intelligence, the Internet of Things, and blockchain. By the year 2021, the company had embedded several other lines of business into the suite, including human resources, energy and natural resources, financial services, and public services.
How SAP S/4HANA Works
With SAP S/4HANA, SAP consolidated core modules and put them into several clusters that it refers to as lines of business. So, what are the modules in SAP S/4HANA?
SAP S/4HANA has several modules, including finance, supply chain management, sales, research and development, engineering, and human resources. When you implement this ERP system in your organization, make sure you understand how to leverage these modules to make your business run more effectively.
SAP S/4HANA helps you streamline your business operations, get more visibility, and make well-informed decisions. It does so by giving you access to real-time data and useful insights from across the business spectrum and facilitating seamless collaboration among your personnel and departments.
This ERP solution also helps you monitor your material requirements planning in real time for faster response to fluctuations in material supply and demand. With this software, you can mass-produce customized products at scale with little human intervention.
SAP S/4HANA can be seamlessly synchronized with other systems, including your network of vendors, suppliers, and third-party original equipment manufacturers.
What Are the Main Features of SAP S/4HANA?
As a next-generation ERP system, SAP S/4HANA comes with advanced features designed to help you streamline your core business operations. It incorporates the features of the previous SAP solutions, including SAP Business Planning and Consolidation, SAP Financial Consolidation, and the SAP Business Consolidation System.
Other key features of the SAP S/4HANA system include simplified data modeling, live collection of data, extensible master data, validation setup, and consolidated reporting.
Talk to an ERP Pro Today
If you want to implement this ERP system in your organization but don’t know how to go about it, reach out to Navigator Business Solutions for guidance. We are the most trusted source of all ERP solutions!