In today’s extremely competitive market, it has become incredibly crucial for organizations of all scales to work towards generating maximum output from the available resources. What started as a concept of Enterprise Resource Planning (more frequently referred with its acronym ERP) quickly molded into a variety of software applications that help business manage their functions within a centralized and integrated system.
In 2015, SAP announced its most advanced ERP suite yet, the revolutionary S/4 Hana. The exceptional set of data storage and management capabilities offered by the S/4 Hana makes it one of the most widely used ERP systems around the globe. Organizations with employee strength in hundreds or thousands find it incredibly appealing, but what’s in it for the SMBs?
In this article, we are going to discuss the top 7 ways by which SMBs can benefit by integrating SAP S/4 HANA into their enterprise resource planning.
1. Optimum Utilization Of Resources
Let’s start off with the obvious fact first. Implementing S/4 Hana in an organization increases its overall efficiency to a significant degree by optimizing the way all the resources, including Man, Machine, Equipment & Tools, are utilized. This is relevant not only to large-scale organizations but also to SMBs
2. Real-Time Visibility And Accountability For Each Process
With S/4 HANA, you can easily keep track of all the processes and resources engaged in carrying out their work with real-time updates. With every piece of data following a clear line of accountability, you can quickly sort out any interruptions in your productivity through S/4 HANA and get it resolved instantly.
3. Reduction In Procurement Costs Through A More Efficient Inventory Management
Keeping track of the inventory, in itself, is a task that most SMBs struggle to manage on their owns without the use of an ERP system. The S/4 HANA systematically sorts all your inventory quickly and effectively while providing you with accurate tracking at the same time.
4. Elimination Of Manual Work Through Automation Of Business Processes
SAP S/4 HANA has quite a name in provide reliable automation of the most arduous and complex tasks in an organization. From outside in, SMBs may seem a lot more simplified than they actually are. With the right implementation of S/4 HANA, a lot of the complex tasks can be automated and productivity can be improved.
5. Flexibility In Adopting To Changes In Tax Regulations And Other Legal Compliance
It’s no secret that legal processes are susceptible to abrupt changes, and sometimes, these changes may leave organizations in a complete mess. The incredible flexibility offered by SAP S/4 HANA helps in quickly adapting to any sporadic compliance variations.
6. Reduced Operation Cost Through Cloud Storage
SAP S/4 HANA allows for data storage on the cloud, making it more secure and accessible as your organization slashes down its data storage costs to a great deal.
7. Scalable Solutions In Finance, Sales, Purchase, Inventory, Production Planning, Etc.
Being an effective and powerful all-rounder, the S/4 HANA helps in a systematic growth of all areas of an organization that need organizing.
The countless list of advantages of the S/4 HANA outweighs its initial costs. It has successfully transformed the way large scale industries work, and the results on SMBs are no less promising.