What are the features and benefits of SAP S4 HANA?

What are the features and benefits of SAP S4 HANA?
5 min read
24 January 2023

Introduction

Nowadays, businesses must deal with increasing complexities and fierce competition. These issues may get worsened by traditional IT infrastructure. Fortunately, the advanced features and benefits of SAP S4 HANA, and evolving technology, may come to the rescue. As a result, SAP S/4HANA is one of the most widely used ERP systems available on the market. But what exactly is SAP S/4HANA? And what are the features and functionality of these tools? We will discover all these things in this detailed article. Alternatively, you can enroll in the SAP S4 Hana Training in Noida, which will make you grasp all its fundamental concepts and help you to become proficient in this domain.

SAP S4 HANA: Meaning

SAP S/4HANA is an acronym for SAP Business Suite 4 SAP HANA. It is an ERP software suite. Moreover, SAP S/4 HANA is the successor to the SAP ECC, a next-generation intelligent ERP system. While traditional ERP solutions support the most common databases, SAP S/4 HANA only uses SAP's in-memory database.

Furthermore, SAP S/4 HANA is the first SAP Business Suite built entirely on the SAP HANA (High-Speed Analytical Appliance) database platform. This software allows enterprises to deliver mission-critical applications using a simplified architecture that includes a single database, operating system, and user interface.

Features of SAP S4 HANA

SAP S4 HANA provides high-volume real-time analytical processes and transaction processing (OLTP) based on a unified data model. This eliminates the unnecessary data layers that traditional RDBMS-based systems require. However, the essential SAP S4 HANA features are as follows:

      ● Advanced Financial Closing

SAP S4 HANA assists users in planning, performing, monitoring, and evaluating financial processes for enterprise organizations. It also promotes financial recordkeeping with more accuracy and reduced resource use.

      ● Improved Quality Management

With SAP S/4 HANA, customers may undertake quality management tasks more efficiently during goods receipt.

      ● Transportation Management

Beginning with the 111 release, customers may examine their transportation data and manually compute expenses. However, you may calculate these expenses using the freight agreement created by the purchasing organization, the carrier, and the firm. This makes it possible to break down freight costs based on the delivery items separately.

      ● Service Management

It is a feature that SAP S/4 HANA is in charge of synchronizing service confirmations via APIs with external service orders so that the organization may perform field services based on stored data and external systems.

Benefits of SAP S4 HANA

For today's increasingly flexible business models, SAP S4 HANA can deliver speed, simplicity, flexibility, quicker analytics, reduced costs, and the power of HANA's in-memory database. Therefore, the following are the main benefits of SAP S/4HANA:

      ● Performance

SAP S/4HANA is available on SAP HANA. However, with superior aggregate table structures, the streamlined in-memory database allows quicker processing and easy transactions. Moreover, SAP S/4 HANA boosts performance and helps your company to plan, execute, and provide data reporting and analytics.

      ● Agility

SAP Fiori drives up the end-user interface of SAP S/4 HANA. The user-friendly presentation of real-time business results and analytics on any mobile device becomes a competitive advantage anytime and from any location.

      ● Simplicity

SAP S4 HANA offers a simplified architecture with a digital core that comprises several applications such as IBP, BI, etc. It delivers remarkable efficiency to the management and administration of the whole IT environment, along with the cloud adoption potential.

      ● Reduced Cost of Ownership

SAP S4 HANA integrates main functions such as Global Available-to-Promise and master data governance. From an infrastructure viewpoint, the fewer boxes you maintain, the cheaper will be the ownership and maintenance expenses. Starting from the old physical infrastructure to a more cloud-native environment powered by SAP S4 HANA can result in up to a 17% decrease in IT expenditures.

      ● Accurate Forecasting

AI and machine learning technologies embedded in SAP S/4 HANA continue to evolve slowly but gradually to improve modeling, predictive outcomes, and forecasting.

      ● Automated tedious tasks

SAP S4 HANA delivers light process automation, allowing enterprises to automate mundane processes such as running reports that they previously performed manually. However, this enables employees to focus on more productive activities.

      ● Innovation

SAP HANA Cloud Platform is an open platform that makes it simple to drive innovative applications, such as forecasting, suggesting, and modeling, while safeguarding existing investments.

Conclusion

Hopefully, you may find this article informative. We have compiled the different features and benefits of SAP S4 HANA. By looking at this overview, if you desire to have a career in this domain, we suggest you enroll in the SAP S4 Hana Training in Delhi.

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shams khan 2
Hi, Tech lovers, My name is Shams Khan. I always love to share the latest updates and influence people about new technology. I am always keen to learn and adopt...
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