With SAP S/4HANA, SAP has brought a new ERP system to market that is fundamentally different from its previous ERP model, SAP R/3.
Switching to SAP S/4HANA brings huge opportunities for our clients: in the digital age, companies need to analyse an increasing amount of data, act flexibly and rapidly on the market, and have the capacity to precisely analyse their own business situation.
S/4HANA is the basis for multidimensional, flexible and transparent reporting that enables companies and management to keep up in today’s digital age. The key to success is to translate the business requirements into technical requirements for a unified data model – the system needs to take into account right now of what the finance function of the future will look like and meet these future needs.
Some companies have already successfully implemented their new SAP S/4HANA systems, but most companies are only just beginning their transformations.
When are you going to start your journey into the future?
With SAP S/4HANA, you get more than just a new ERP system: it enables organizations to gain a competitive advantage that is needed to keep up with the fast pace in the digital finance world of tomorrow.
Speed and transparency at lower costs
The benefits of implementing S/4HANA include:
The new SAP S/4HANA system has a lot to offer in regards to new functionalities, especially for the Finance function:
For example, data from internal and external accounting is harmonised in a ‘universal journal’ using an integrated data model. The universal journal replaces the separate data tables used in the SAP R/3 system and provides a common pool of data.
Our experts have already enabled companies to successfully implement over 300 global SAP S/4HANA projects. Based on the experience we’ve gained, we work with you to get your finance transformation right on the track.
Matching business and technical requirements is crucial to the success of transformation projects. We offer a holistic advisory service, with experts who have both business and technical know-how. This means that you get everything from one hand, from the preliminary study to the technical implementation.
Customers with SAP ERP solutions are expected to continue receiving standard support from SAP until the end of 2027. There is also an option to extend service support to the end of 2030, but switching to other ERP systems or migrating to on-premises or cloud-based SAP S/4HANA will become unavoidable in the near future.
Zalando successfully went live with S/4HANA in the extraordinary summer of 2020. How is this project contributing to Zalando’s digitalisation strategy? PwC Germany Partner and Advisory Digital Leader Susanne Arnoldy, S/4HANA Finance Transformation Advisory Lead Partner Moritz Wewer, Yuriy Volosenko from Zalando and Daniel Leber from SAP shared their experiences [tLS1] in our new ‘transform your tomorrow’ LinkedIn live format.