Transforming to an Intelligent Enterprise with SAP S/4 HANA
By leveraging Intelligent Enterprise, you can improve the customer experience, implement sophisticated technology, gain data insights, and much more.
A lot have changed because of COVID-19 pandemic, especially when it comes to digitization, many enterprises are now interested in transforming their business digitally and have allocated significant time and budgets.
This move appears to be a good one, since it has given them the ability to use data efficiently for unparalleled business agility, transparency, and risk reduction.
With the emergence and active adoption of technologies such as Artificial Intelligence (AI), Machine Learning (ML), Augmented Reality, Cognitive Intelligence, Robotic process Automation, Internet of things (IoT), cloud computing and distributed intelligence etc., business decision-makers are moving to the next level-maturing a digital to an Intelligent Enterprise.
This transition will involve automating manual operations, identifying potential risk and strategic competition analysis.
According to the survey done by SAP, 90% of C-Level executives are of opinion that AI is pivotal for the success of their companies in the coming years. What’s more encouraging is that 60% of these executives plan to deploy AI in the next 12 months.
Business Transformation to An Intelligent Enterprise
According to SAP, an Intelligent Enterprise applies advanced technologies and best practices within integrated, agile processes. By adopting this approach, the company is able to become more profitable, resilient, and sustainable.
SAP S/4 HANA is a new ERP solution with simplified data, a simple tool design, agile, easier to use, perform complex calculations, and handling greater amounts of data. It can be deployed on-premises, on-cloud or as a hybrid system.
These companies use modern cloud-based technologies like AI and the IoT to better use their data to get real-time insights about operations, market environment and customers. Rather than being a product, an Intelligent Enterprise is a mindset that involves using modern strategies and processes and is powered by an intelligent suite of technology solutions.
A company does not have to be a Fortune 500 company to be an intelligent enterprise. Small businesses are also seeing the opportunity to transform their business models to become more customer-focused, more flexible, and more responsive to market demands.
Businesses are improving their processes with process automation to simplify finance operations like receivables. This approach can be particularly helpful for businesses that are managing global workforces comprising of many consultants, contractors, and resources in multiple countries simultaneously. Other businesses are using data for running the business and research, which allows them to design new products while forecasting their revenues more accurately than ever before.
In an Intelligent Enterprise, decision-makers should have seamless access to systems from any device and anywhere across the globe.
The systems should be able to:
- Prioritize business operations
- Provide advice on how to solve problems
- Automate repetitive tasks to increase business efficiency
- Provide detailed actionable insights to make the best decisions
Meeting customer expectations involves far more than just running out-of-date, isolated CRM and ERP systems, it also involves the use of technology to enable customer service to effectively assist customers throughout the supply chain. Intelligent businesses enhance their staff experiences by developing new consumer experiences. Through business channels and big data, employees can now better listen to customers, company partners, and other employees.
A well-trained and motivated team is required to efficiently use smart technologies. To increase transformation and efficiency, that workforce needs access to the right workplace tools, which can only be provided by a leading SAP implementation vendor in India.
For SAP S/4HANA deployment, the technology partner should have a proven track record. Because there are numerous hazards connected with a large technological change, a company seeking to turn into an intelligent enterprise must be extremely cautious in its approach.
Setting the stage with SAP S/4 HANA
To become a successful enterprise in the digital age, companies must develop a disruptive strategy, and SAP S/4 HANA deployment is the platform that enables them to achieve their vision for an intelligent enterprise. As firms grapple with disruptive technologies, the solution provides a foundation for trendsetting innovation.
Many global corporations have been able to integrate changing customer needs with operational processes for real-time information on how to improve customer, product, employee, and brand experiences through S/4 HANA implementation partners.