There are many reasons why you might consider an ERP in the cloud and many others why you should choose SAP, but in this blog I will discuss the reasons to move to S/4HANA Public Cloud.
An old Swedish saying states that "lovers have many names," and that could certainly be true for SAP cloud ERP offerings in 2023, as S/4HANA has many different names, flavors and packaging. Let's be clear: SAP's latest mid-market ERP value proposition is called Grow with SAP, a bundle of SAP goodies built around the same ERP known in recent years as S/4HANA Cloud, Private Cloud, Public Cloud, Simple Finance and Rise with SAP, another bundle intended for existing ECC customers transitioning to S/4HANA.
Grow with SAP is intended primarily for new, mid-sized customers and has SAP S/4HANA Public Cloud at its core.
Grow with SAP is designed primarily for new, mid-sized customers and has SAP S/4HANA Public Cloud at its core. But it also comes with the Business Technology Platform for authorization and integration, SAP Build for low-code and automation and a number of financial goodies such as Group Reporting for consolidation and Advanced Financial Close to automate period closings. SAP has a clear slide to show what's in the value proposition:
It must be a rare occasion when it makes sense to look at SAP just because of price these days. "Grow with SAP" offers tremendous value and without going into details I can confidently state that you can run a business with just over €150,000 per year.
Implementation times are minimized by doing what you really should do with any ERP implementation
Implementation times are minimized by doing what you really should do with any ERP implementation, and that is sticking to the standards supported by the ERP. In SAP parlance, these standards are called Best Practices.
The most honest way to describe this is that the system is the blueprint. Instead of building custom functionality to fit a process that has grown over the past 20 years, we recommend you take another look and take full advantage of your new ERP implementation so your business can look ahead to the next 20 years by adopting best practices and tailor them to your needs in Fit 2 Standard workshops. The reward is a system kept up-to-date and secure by SAP with flexible modern processes ready for automation that lay the foundation for a connected and resilient way of doing business. Anything that really doesn't fit, you can quickly build into SAP Build or another low-code platform and link via APIs, the other cornerstone of modern cloud ERPs.
Now you have the foundation for a business that can accelerate processes through smart automation and really leverage SAP Business AI solutions for things like customer demand forecasting, invoice matching and assisted discrepancy detection. To name a few obvious ones.
Finext specializes in the full SAP finance stack consisting of S/4HANA Cloud (Finance-led), Group Reporting and Analytics Cloud, while working with proven SAP partners for integration and expansion. We also partner with international SAP partners that provide in-depth financial knowledge, ensuring a data model you can trust - a Single Source of Truth that the HANA database aspires to be.
