SAP (NYSE: SAP) has introduced the latest advances to SAP S/4HANA Cloud and shared its innovation road map for their cloud enterprise resource planning (ERP) suite. The latest release of SAP S/4HANA Cloud would enable users to carry out their digital transformation faster. It would also make business processes more efficient through increased transparency, automation and quality.
With a new architecture of in-memory technology in combination with contextual analytics, digital assistant capabilities, machine learning and SAP Fiori user experience, SAP S/4HANA Cloud would enable customers to instantly adjust and adopt business processes and models and act on real-time insight and advice.
“Decades ago, SAP invented and became the leader in first-generation ERP,” said Darren Roos, president of SAP S/4HANA Cloud. “Later, we were early to build first-generation cloud ERP along with other new cloud vendors. While many cloud ERP vendors remain on this early architecture, SAP did not stop there, and invested in innovating the next generation of cloud ERP. SAP S/4HANA Cloud encompasses the latest architecture and technology innovations, along with SAP’s proven set of business management expertise to usher in a true new generation of intelligent ERP in the cloud.”
Different solutions the SAP S/4HANA Cloud ERP suite include:
- SAP S/4HANA Professional Services Cloud – delivering end-to-end project management
- SAP S/4HANA Finance Cloud – an “easy-to-use modern” finance solution that includes procurement and order management capabilities, and supports large enterprises and subsidiaries
- SAP S/4HANA Enterprise Management Cloud – combining professional services and finance capabilities for comprehensive real-time business management
Road Map for Innovation
SAP has also outlined their road map for future cloud ERP innovation. The quarterly updates planned by SAP include setup wizards that would grow increasingly intelligent with machine learning and artificial intelligence; prepopulated, easy-to-adjust settings; and additional cloud-to-cloud integration and external application programming interfaces (APIs) to integrate with other applications and legacy systems.
In addition, SAP detailed plans for including blockchain digital ledger capabilities and Internet of Things (IoT) capabilities that will support broader global, digital business models, as well as plans for partners to build localization and industry vertical extensions.