SAP Unveils New SAP S/4HANA Private Cloud and ‘Rise With SAP’ Offerings. What’s New?
- November 5, 2023
Navigating the business landscape, it’s clear that staying updated is more than just a trend—it’s a must. And where’s the future pointing? Straight to the clouds! 92% of companies are tapping into multiple cloud services, and 80% are blending both public and private clouds. That’s no small feat! And guess what? SAP is not just keeping up. It’s setting the pace with its new SAP S/4HANA Private Cloud and ‘Rise with SAP’ offerings for 2023. Let’s get into it and see what SAP has rolled out in detail.
What is SAP S/4HANA Cloud?
SAP S/4HANA Cloud is an intelligent, integrated, cloud-based enterprise resource planning (ERP) software suite that serves as the backbone of your business. It’s designed to operate in real-time, giving you instant access to critical data that empowers better decision-making.
Imagine running your entire business operations—from finance to human resources—all on a single, cloud-based platform. That’s the magic of SAP S/4HANA Cloud! And get this—The 2023 release has further amplified the SAP S/4HANA Cloud benefits to deliver even more value to businesses.
What’s New in the 2023 SAP S/4HANA, Private Edition?
The 2023 release of SAP S/4HANA Private Edition is not just another update. It’s a significant leap forward in the ERP landscape. This release is a game-changer, packed with nearly 1,500 new and updated items spanning various functionalities. From design to finance, this release has something for all that and much more!
Let’s delve into the specifics that make SAP S/4HANA Private Edition’s release a pivotal moment for businesses aiming for digital transformation:
Enhanced User Experience
First off, the user interface has undergone a significant revamp. The Fiori interface, already known for its clean and responsive design, now offers an even more intuitive user experience. This is crucial for businesses that require quick and efficient navigation through various operational tasks, from inventory management to customer relations. It’s like having a personal assistant that knows exactly where you want to go, making navigation and task completion a breeze.
Advanced AI and Machine Learning
The integration of Artificial Intelligence (AI) and Machine Learning (ML) takes the system’s capabilities to a new level. These technologies are harnessed to provide predictive analytics and automation. For instance, the latest release includes a machine-learning algorithm that helps businesses predict the risk of late payments based on historical data. This is invaluable for financial planning and risk mitigation.
Predictive Insights
Data is the new oil, but what good is it if you can’t refine it? The new “Product Sourcing Overview” application probes through the data clutter to present you with actionable insights right when you need them. This feature is designed to facilitate quicker and more informed decision-making. Faster decision-making is now not just a wish — it’s a reality.
Research & Development
Phrase Management is the star of the show here. It allows businesses to manage the stringent requirements for labels and documentation in multiple languages. The 2023 release introduces the ability to synchronize your own phrases, reducing time and effort in keeping your phrases up to date.
Sourcing and Procurement
The 2023 release enhances the capability of the “Manage Model Product Specifications” app. It now includes features like Import Function, Copy, and Mass Change, making it easier to create and categorize structured sets of related service and material items.
Supply Chain
The Advanced Shipping and Receiving process has been optimized for decentralized warehouse environments. This feature provides a transparent cockpit that helps drive efficiencies in the process.
To add an extra layer of value, this Private Edition of SAP S/4HANA is part of the RISE with SAP offering. It will now follow a two-year release cycle with easy-to-consume innovations and upgrades, which were generally delivered every six months. Additionally, the maintenance period has been extended from five to seven years, giving businesses a longer timeframe to realize the return on their investment.
What is RISE with SAP?
Transitioning from on-premise solutions to the cloud has now become much more than a trend — it’s a business imperative. This is where RISE with SAP comes into play, serving as a bridge to this crucial transformation. It helps you pack up your existing on-premise ERP systems like SAP ECC and SAP S/4HANA and move them safely to the cloud.
RISE with SAP empowers your organization with cloud-based business management software that offers embedded intelligence, real-time insights, and advanced technologies. All of this is delivered in a Software as a Service (SaaS) model, offering flexibility and scalability to meet your evolving business needs.
What’s New in the Premium Plus Package for RISE with SAP?
SAP’s new Premium Plus Package for RISE with SAP 2023 is a powerhouse that combines AI technology with sustainability and advanced finance solutions. With the help of the all-new Premium Plus Packages, businesses can innovate faster, make more informed decisions, and extract the full potential of enterprise data.
Here’s how the Premium Plus Package for RISE with SAP 2023 is a game changer:
Sustainability Insights
Delving into sustainability, the Premium Plus Package seamlessly integrates carbon and other resource metrics into everyday business operations. By sharing this data throughout the value chain, it aligns with the ever-changing standards of environmental, social, and governance (ESG) reporting.
AI Capabilities
With the unveiling of their AI copilot, Joule, the Premium Plus Package brings a fresh wave of AI prowess to ERP. Joule adeptly sifts through data from various systems, presenting insights that are not just data-rich but also contextually relevant.
Finance Leadership
For those at the helm of finance, this package is a game-changer. It offers tools that not only hasten decision-making but also refine planning operations. From boosting forecast accuracy by integrating diverse business unit data to optimizing invoice management, the financial realm is set for an upgrade.
Networked ERP
Stepping into a more connected ERP era, this package introduces a supplier portal. This portal not only fosters tighter collaboration with a vast supplier network but also streamlines procurement, ensuring spend compliance and automating invoice transactions.
Migrate to the Cloud in No Time With Spadoom
If you’ve been on the fence about SAP Cloud Migration, now’s the time to take action! And don’t be held back by concerns about complexity, cost, or security, because we’re here to help you! As an SAP Gold Partner with a rich history of over 15 years in the industry, Spadoom is uniquely positioned to make your cloud migration not just easier but also more strategic and secure. Here’s how:
Simplified Processes with Expert Guidance
Navigating the labyrinth of cloud migration can be overwhelming unless you get expert guidance. Spadoom’s tailored solutions, customer-centric approach, and expert suggestions make the process as straightforward as possible.
Cost-Efficiency Tailored to Your Needs
Budget constraints are real, but they shouldn’t hold you back from innovation. Our flexible pricing models are designed to suit businesses of all sizes, ensuring you get top-notch service without straining your finances.
Speed and Agility, the Spadoom Way
Who doesn’t want solutions to their problems faster? Our deep-rooted industry experience ensures a quicker time-to-value, allowing you to start reaping the cloud benefits almost immediately.
Unmatched Security Measures
Security is often a major roadblock for businesses contemplating cloud migration. At Spadoom, we’ve covered you with advanced security protocols that protect your data at every turn.
So, if you’re looking to migrate to the cloud, consider Spadoom—your SAP customer experience heroes—as your go-to partner for a seamless, secure, and smart transition.
Conclusion
As we’ve navigated through the latest offerings in SAP S/4HANA and RISE with SAP, one thing is clear, the future of cloud-based ERP is here! From enhanced user experiences and industry-specific solutions to the ease of cloud migration, the landscape is ripe with opportunities for businesses to innovate, optimize, and grow.
So, as you ponder your next steps in this digital transformation journey, remember that SAP cloud migration is more than just a technology shift. It’s a game-changer, a business catalyst, and well worth considering for your next move. Remember that the journey to the cloud doesn’t have to be a solo endeavor.
With Spadoom as your partner, it can be a strategic move that propels your business into a new era of operational excellence and customer engagement.
