You may have heard us talk before about the sheer power of S/4HANA, and the benefits your business might get from upgrading your SAP solution. But one thing we haven’t gone into too much detail around yet is the powerful set of analytical features embedded within it. If your business isn’t using data analytics in your business processes yet, this should be quite an eye opener for you. SAP analytics allow organisations to make more intelligent decisions based on real time data, leading to increased productivity, business focus and profitability, and S/4HANA is at the forefront of that power.
Real Time Business Insight
SAP S/4HANA enables you to gain insight into your data from anywhere in real time. It lets you dramatically accelerate planning, execution, prediction and simulation at the highest level of granularity, with the cumbersome data consolidation and other manual processes usually required. You can construct and test ‘what if’ scenarios, and use the data predictions to make better decisions and boost efficiency. SAP S/4HANA also makes it easier to connect to people, devices and business networks in real time, so you can unlock the potential of the networked economy and deliver new experiences to customers. You can use the multi-level insights to streamline your business processes, freeing you to focus on essential tasks and make business changes in real time thanks to its flexibility and agility. With SAP S/4HANA, the Internet of Things and Big Data become accessible to any business.
Reimagined User Experience
SAP S/4HANA is natively designed with the most modern, role based user experience; SAP Fiori. This solution is designed to deliver a personalised, highly responsive user experience for enterprise-wide engagement across all lines of business, and with S/4HANA, your analytics are directly integrated with the flawless Fiori experience. When you simplify the user experience in this way, you will see improved employee productivity, increased adoption of new working methods, easier training and fewer change requests, all of which leads to employees more focussed on strategic tasks instead of struggling with the technology.
With the adoption of S/4HANA you can create new opportunities to dramatically simplify your IT, allowing you to innovate faster without roadblocks. It’s integrated approach to analytics allows you to significantly reduce your data footprint while working with large data sets by bringing all transactions and analytics together into one, seamlessly in-memory platform. At the bottom line, this means a reduction in hardware, operational and time costs, with no discrepancies between differing systems causing issues. And because of its agile approach, new reporting models can be created and run in minutes, not weeks.
Top 5 Benefits To Integrated Analytics
Of course, there are plenty of solutions out there that allow you to gather and analyse your business data in this way. So, what are the benefits of using an integrated analytics program over a third-party solution? Here are just a few;
- Harmonised Processes and Data means that common practices across your business are integrated and leveraged within one key system, delivering unrivalled consistency between planned and actual data.
- Single Environment allows you to perform your planning and action activities in one single financial system.
- Delivered Content accelerates innovation and reduces the cost of implementation with out of the box functionality that is simple and ready to use.
- Integrated Financial Planning allows you to integrate your financial plans across the entire enterprise using a single tool, encouraging collaboration and productivity across the finance function.
- Enhanced Visualisation capabilities using SAP Fiori and SAP BusinessObjects tools gives you unparalleled visibility throughout all elements of your business operations.
No matter what industry you are in, analytics are an incredibly powerful tool that should be at the forefront of your future planning. With such vast quantities of data at the tips of your fingers, business owners who embrace and use it to better their processes will quickly overtake the competition in every way. Thanks to effective visualisation technology, you will be able to reimagine your boardroom for the digital economy and stay one step ahead of the competition. For more information or to find out how the embedded analytics of S/4HANA could benefit your business, get in touch with us today.