COLOMBO, Sri Lanka – Driving digitization for local businesses in Sri Lanka, SAP in partnership with Sri Lanka SAP User Group (SLSUG) signified the importance of enterprises going digital with its intelligent offerings and solutions empowering them to become Intelligent Enterprises.
SAP believes today’s enterprises have the ability to grow further by adopting new-age technologies. With its intelligent suite of solutions and growing ecosystem, SAP enables them to contribute more to their digital economy and become best run businesses.
The company’s Intelligent Enterprise strategy allows for businesses to rapidly transform data into insight – feeding process automation, innovation, and optimal experiences. SAP through its intelligent suite of integrated applications is committed to enable firms to become best-run businesses, improve business performance and make the world run better. The company has already embedded machine learning in SAP applications like SAP S/4HANA while empowering citizen data scientists with SAP Analytics Cloud.
“Businesses in Sri Lanka are flourishing in the current digital era. To continue the momentum, companies will need to evolve and embrace intelligent technologies,” said Sajith Simon, Sales Head, South India and Sri Lanka, SAP India Subcontinent. “SAP along with SLSUG’s objective is to bring transformation into the local market in order to accelerate the digitization process and help businesses to become best-run businesses.”
“SLSUG since 2017 have been a frontrunner in providing the CXOs and enterprises in Sri Lanka with various platforms and networking conferences to effectively engage, gain knowledge and build a technology roadmap for their businesses,” said Ramesh Shanmuganathan, Chairman, SLSUG. “SAP with its Intelligent Enterprise Summit in Sri Lanka is enabling local businesses to accelerate the digitization process and take a step ahead in their digital transformation journey to eventually succeed locally and globally.”
One such example is of Hayleys PLC, a large conglomerate in Sri Lanka which implemented SAP S/4 HANA for its agriculture, hand protection, power and energy and construction businesses. The implementation enabled Hayleys to:
- Single instance running for all legal entities with an integrated IT landscape
- Better controls through the workflow approvals for Quotes, invoices and discounts etc.
- Better Cash flow management
- Best practices across processes with real time information
- Calculate total production costs more quickly, easily and accurately
“We’re leveraging cutting-edge technology to streamline our processes and ensure digital transformation,” said Sarath Ganegoda, Group Executive Director at Hayleys. “Over the course of six months, we transitioned from our legacy systems to the SAP platform without any time or cost overruns. As a result, we’ve become one of the largest implementers—comprising over 40 legal entities, 15 diverse businesses, and 650 users—of SAP S/4HANA in the region.”
As various industry players search for new business models that can generate revenue and increase profitability, SAP is uniquely positioned to enable customers to drive business outcomes and achieve their vision for the Intelligent Enterprise through the combined power of the digital platform, the intelligent suite of applications, and intelligent technologies like IoT, machine learning, and AI.
At the Intelligent Enterprise Summit in Colombo, SAP showcased its best of suite business applications and best practices that will enable local businesses to innovate and prepare for the digital economy.