There is no better time than now to make your business ready to seize the many opportunities of today’s dynamic marketplace.
To stay ahead of the competition, business agility and operational flexibility are key. They give you the ability to change directions and take advantage of new opportunities as soon as they arise. But how do you apply these concepts to your business?
Operational flexibility with SAP S/4HANA Cloud enables you to take the right action faster – whether it’s capturing new opportunities, keeping up with customer demands, or minimizing the impact of unexpected events.
SAP continues to be the leader in delivering intelligent enterprise resource planning (ERP) with SAP S/4HANA Cloud. With the latest 1902 release, stronger business outcomes are possible because it enables companies to be even more agile and responsive, shown below in two prime examples:
You’re the one responsible for period-end financial closing activities across a multitude of subsidiaries spanning different product lines and geographies. This has traditionally been a time-consuming, heavily manual effort that consumes resources across various organizational entities.
Utilizing advanced financial closing capabilities in SAP S/4HANA Cloud, you can get support in planning, executing, monitoring, and analyzing financial closing tasks for the entities of your group. It is specifically designed to support periodic, recurring closing activities where multiple persons are involved and activities are performed in a fixed chronological or dependent sequence. This enables a flexible, streamlined, consistent closing process across all entities with coordinated roll-up, greater transparency, and increased compliance.
You can now close your books faster – with greater accuracy and lower resource utilization – so you have a better view of your business. This way, you can more readily deploy finance professionals to forward-looking activities that improve other business outcomes such as the evaluation of new business opportunities.
Your warehouse receives frequent shipments from production locations and vendors. Traditional goods movement processes require you to slot the incoming items before performing quality inspections. This increases the potential for substandard inventory and redundant stock movements.
Now with SAP S/4HANA Cloud, your warehouse staff can perform quality management activities during goods receipt – helping ensure only goods that meet spec are slotted and distributed to customers. Furthermore, partial lots can be employed, making it easier for staff to accept some goods while rejecting others from the same shipment due to quality defects.
You can now enjoy quality management integration with goods receipt processes, which reduces unnecessary stock movements. The possibility that defective stock could enter the sales and distribution stream is also drastically reduced. This decreases warehouse throughput requirements and ultimately increases customer satisfaction.
Last November’s SAP S/4HANA Cloud 1811 release enabled next-generation business processes by bringing better insight and greater connectivity. The new features and capabilities of the 1902 release of SAP S/4HANA Cloud take innovation a step further to offer enhanced flexibility.
The 1902 release of SAP S/4HANA Cloud empowers you to be more responsive and better prepared to operate in today’s complex world. At SAP, we continue to innovate and refine our intelligent ERP solution, so you can become even more agile and flexible to meet the challenges of a dynamic shifting marketplace now and beyond.