A whistle-stop tour of Jan Gilg's favorite innovations in this quarter’s release.
Posted by Eva-Maria Fahrer on 26/05/2021 14:20
Jan Gilg is president SAP S/4HANA: - Our last quarterly release came hot on the heels of the announcement of RISE with SAP. This time — as we launch our latest update, SAP S/4HANA Cloud release 2105, three months later — we can reflect on just how well the market has received our business transformation as a service offering, making it a significant accelerator in our customers’ journey to the cloud.
SAP has also been named a Customers’ Choice in the December 2020 Gartner Peer Insights “Voice of the Customer”: Cloud ERP for Product-Centric Enterprises. We consider both to be a testament to the strength of our strategy and our ability to deliver.
As always, this quarter’s update to our intelligent enterprise resource planning (ERP) system includes innovations for all lines of business. You will see additions to familiar themes that are growing in scope from release to release, such as parallel accounting or subscription billing. In other areas, we are kicking off the rollout of brand new capabilities to help our customers achieve operational excellence and gain competitive edge.
One such example is in the area of sourcing and procurement, where we introduce proactive delivery insights for ordered items, using Internet of Things (IoT) and situation handling to give a holistic and transparent view of the entire delivery process. Unlike before, when damage to ordered goods could only be ascertained and reported upon delivery, purchasers can now be kept informed of the condition of goods during transit. Should any damage occur, the purchaser is immediately informed and prompted to take appropriate action to increase on-time delivery performance. By understanding and accounting for these nuances, we can help elevate our end-customer experience.
In asset management, we’ve added the SAP Maintenance Assistant, a native mobile app for technicians to manage various tasks, including handling work orders and operations, creating and managing maintenance requests, and assessing priorities. The app empowers workers on the move: it allows them to download relevant data on their phone and gives them the option to work effectively offline. Not only does this make the workforce more flexible and efficient, it also cuts back significantly on paperwork. In addition, with the object part code in notifications to maintenance technicians, we can help them leverage machine learning algorithms to propose likely failure codes in the maintenance notification. With this, we enable predictive maintenance by automatically analyzing information already collected during the maintenance process. This not only increases the quality of the data but improves user performance and maximizes efficiency for the customer.
Since one of the key challenges in managing a project is handling the impact of changes to its budget, we now offer customers, under the umbrella of enterprise portfolio and project management, a new SAP Fiori app to manage project budget transfers. This app is designed to tackle this challenge with the greatest of flexibility; budget plans can be adjusted at work-breakdown structure (WBS) element level without having to upload the budget plan for the entire project.
Processes that support businesses in monetizing subscription-based business models have been in focus in our recent releases. The latest enhancements in the 2105 release will continue to enhance subscription lifecycle management, billing, and accounting, as well as include the integration of SAP Subscription Billing into contract accounting and invoicing for high-volume subscription scenarios. This enables charges to be consolidated into a single invoice. Additional features include integration to contract-based revenue recognition, fine-grained control of subscription profile settings, enhanced integration of bills, and support for subscription lifecycle management, billing, and accounting.
Similarly, universal parallel accounting has been an area of significant development in recent releases. It allows companies to prepare and present financial statements according to different sets of accounting standards using ledgers across end-to-end processes. This latest release gives customers even more flexibility when choosing to perform parallel valuations and reporting for each ledger, resulting in individually calculated values for financial and management accounting. This helps ensure that our customers can take full advantage of consistent parallel value flows and full audit trails that fulfill local and group-wide reporting requirements. High levels of automation support greater accuracy and decreased manual effort.
The 2105 release also delivers new business content for SAP Financial Compliance Management — more than 30 ... read the full story by Jan Gilg here
Found and selected for you by EM Fahrer, contact information is found here
SBN Finance Day
Virtual event by SBN
SBN Finance Function Day / SBN Økonomifunksjonens Dag. A program highly interesting for people interested in Finance functions supported by SAP systems and third party solutions.
SBN Webinar - SAP Enterprise Product Development (EPD) for Connected Products: Enabling Industry 4.0 for the Product Lifecycle
Webinar by SBN & SAP
EPD for connected products is a cloud offering that provides a cost-efficient way to generate digital twins, which both creates new revenue stream potential for OEMs and supports the product development process.
SBN Webinar: Enabling the connected customer journey with KPS and SAP CX Platform
Webinar by SBN & KPS
KPS will explain how they are helping their clients towards a connected customer journey with the help of the SAP CX platform. Real life examples from one of UK's leading, luxury retailers.
SBN Supply Chain Management Day
Virtual event by SBN
The focus on efficient supply chain processes is constantly increasing. In connection with the transition to S4 / HANA, many companies are considering Extended Warehouse Management (EWM) and Transportation Management (TM). As we know that the interest in learning more is growing, we at SBN have chosen to set aside a whole day for this topic: June 8 - Supply Chain Management Day. Based on input from members, SBN partners and SAP, we have put together an agenda that should be exciting for you who work with streamlining Supply Chain processes.
SBN travel and expense process with Concur Day
Virtual event by SBN
Focus on on travel, expense and invoice compliance. Listen to experience from others and learn how to manage compliance and cost savings across your travel, expenses and invoices.
SBN Webinar: The SAP ‘Flower Power’ - Fiori i dine forretningsprosesser
Webinar by SBN & Bouvet
Et utvidet SBN webinar om Fiori i dine forretningsprosesser, med en ende-til-ende demo, som viser hva en overgang til Fiori/app-basert GUI kan innebære.
SBN Analytics Function Day
Virtual event by SBN
Knowledge exchange on the SAP Analytic Cloud and other Analytic tools. / Erfaringer av bruk og smarte ting i SAP Analytics Cloud og andre Analyst verktøy i SAP og litt hvordan komme i gang.
Workshop: SAP Intelligent Robotic Process Automation
Virtual workshop by SBN & SAP
Get insights into SAP's strategy and latest developments in hyperautomation, RPA, BPI and a hands-on experience on the new low-code automation platform, SAP Intelligent RPA 2.0
SBN SAP Conference 2021
Virtual Conference by SBN
6 days in October of Virtual Learning and Knowledge Sharing. Customer Cases, Expert Sessions and Keynotes.
F2F SBN Conference Business Networking @Deloitte
F2F in Oslo by SBN
Join us Face2Face in the top-floor of Deloitte with a fantastic view of Oslo including the Munch museum. This day will be run in line with the the Norwegian community regulations in respect of the pandemic.