Technology changes are all around us and coming faster than ever. Nowhere is this more apparent than in the enterprise world. Business is evolving: To be able to stay ahead of the competition and to quickly adapt to changing market demands and customer needs, companies are increasingly transforming their business models.
This is the time to act. With SAP S/4HANA Cloud, we are shaping technology to fit the needs of customers large and small. Traditional software solutions and legacy ERP systems no longer meet the needs of today’s fast-changing enterprises. Our future-ready cloud solutions enable customers to take the next step beyond “just” cloud: to run their business faster, more efficiently, and more intelligently than ever before.
Enterprise is becoming more intelligent and machine learning is fundamentally reinventing how businesses run, compete, and thrive. Thanks to built-in machine learning capabilities, SAP S/4HANA Cloud is the world’s most intelligent ERP. The software leverages the latest innovations in machine learning, predictive analytics, and conversational user interface, making it a highly-automated system where user tasks are shifting more toward analytical and decision-making processes and away from repetitive, mundane tasks. Supported by smart bots and SAP CoPilot, SAP’s digital assistant for enterprise, SAP S/4HANA Cloud users can experience intelligent interactions that anticipate their needs and automate more and more of their business.
In the area of finance, the most recent 1805 release of SAP S/4HANA Cloud introduced a new exception handling process: intelligent goods-receipt/invoice-receipt account reconciliation with SAP Leonardo. By learning from decisions made in the past, this machine learning service helps reduce the manual efforts in balancing the differences between goods receipts and invoice receipts. The service also generates proposals to the user that accelerate the financial close.
Machine learning and process automation improve productivity and lower costs, which in turn creates new business growth opportunities. By incorporating intelligent self-learning mechanisms and automation robots, SAP is amplifying user productivity by liberating them from routine tasks for more creative or strategically important work. It is our goal that 50 percent of ERP interactions will be automated in the next three years.
Precise + Accurate = Predictive Analytics
Let’s not forget that these new technologies are doing much more than simply eliminating repetitive tasks: Predictive analytics helps unlock the trapped value of data and enables companies to achieve significant productivity gains. As a system of intelligence with its foundation on the SAP HANA database, SAP S/4HANA Cloud delivers measurable and competitive differentiation: Precise and accurate analytics results empower customers to become more agile and to achieve a higher level of profitability.
By supporting businesses with the analysis of vast amounts of data, predictive analytics can anticipate the correct next steps and assist the user in making the right business decision. When combined with the conversational UX that is offered by SAP CoPilot, businesses can harness the power of predictive analytics by receiving reminders and notifications that support their activities and daily work.
With the most recent release of SAP S/4HANA Cloud, predictive analytical data is used in the area of manufacturing to increase inventory turnover and reduce the number of days in inventory. The inventory management transfer stock-cross plant app uses predictive analytics to predict the delivery date for a stock transport order and forecast if a goods receipt can successfully be completed on time. As a result, that planning and scheduling of goods in transit is more reliable and inventory decisions are based on accurate supply and demand data.
SAP S/4HANA Cloud combines real-time data and intelligent technology with a simple and intuitive UX. Managed as a service to deliver continuous innovation, our cloud solution provides a new generation of business applications that simplify your software landscape. SAP S/4HANA Cloud integrates natively with both line-of-business applications and SAP Cloud Platform to bring customers agility in the cloud. Available as a cloud-based or two-tier deployment, SAP S/4HANA Cloud allows users to choose how best to leverage the value and advantages of cloud innovations for customers’ business.
With a variety of implementation support options to choose from — for example, the SAP Activate innovation adoption framework and SAP Best Practices — accessing our smart, intelligent suite couldn’t be easier. Is your enterprise ready to move beyond the cloud?
For more information on SAP S/4HANA Cloud, visit us next week at SAPPHIRE NOW in Orlando. Add the Best-Run Theater Keynote to your agenda here (BA61204), taking place Wednesday, June 6, from 2:00-2:20 p.m.
Wieland Schreiner is executive vice president of SAP S/4HANA, Products & Innovation, SAP.