In the modern era, when businesses are looking forward to getting their process digitized, nothing can be better than choosing SAP ERP models. Of the many SAP ERP solutions available for the pharma, automotive and other retail industries, the SAP S/4HANA cloud has gained immense popularity.
The SAP S/4 HANA cloud model is the SaaS version of the SAP HANA ERP solution. It is an integrated business application that can benefit industries in several ways. It is considered the next-generation, intelligent ERP solution that helps companies to get digitally transformed. The cloud-based module is developed on the HANA database to leverage the benefit of real-time data access and in-memory processing.
As it is a cloud module, users can easily access the functionality without the need for committed hardware or IT staff or databases. This SAP ERP solution consists of technologies to bring intelligence into the ERP application. Some of them are augmented reality and virtual reality, machine learning, voice-enabled technology and Blockchain technology.
Finance: The SAP HANA includes a finance module that is purely focused on streamlining business transactions and financial operations into a single database. If you are looking for an SAP For automotive industry, the new cloud-based model can be highly beneficial as it focuses on the entire financial operation of the company.
The model includes financial planning, risk management and treasury, financial close, controlling and consolidation. It aims to maintain transparency by understanding the strength and finding the possibilities of cost optimization by keeping accurate information.
Distribution and sales: The inclusion of sales and distribution helps in direct interaction with clients. It can perform a range of tasks within the company, like creating proposals, requesting a quote, modifying invoices and a lot more to make the distribution and sales process run smoothly.
If you are in search of the best SAP ERP in different industries that can manage your sales and distribution process, you can choose this new SAP ERP module for great help. It also facilitates the logistic function, including maintaining the bills, managing credit, and getting feedback.
Human resources: Human resource modules within this SAP ERP solution include managing time and attendance, payroll and other HR processes. It can reduce the need for a vast HR team rather than just having a cloud-based application to maintain the human resource aspect of the company.
Asset management: The asset management module included in the SAPS/4 HANA helps to keep the fixed assets of a company which can be buildings to machinery tools. It monitors EHS and maintains the plant. For owners looking for an intelligent SAP for automotive industry, they can greatly benefit from this SAPS/for Hannah cloud-based module.
It is easy to maintain the maintenance process by making use of real-time data that helps quickly figure out the problem within the company. Besides, it can also be helpful to monitor safety data like OSHA requirements and incident rates. Lastly, scheduled maintenance and thorough inspection can reduce downtime.
Conclusion: So this is everything you must know about the latest modules of SAP S/4 HANA. However, if you are looking for a simpler version for small businesses, you can choose SAP Business One from Cogniscient.