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In the wake of progressive technology developments like cloud, social media, mobility and in-memory computing, companies have transformed workflows, business models and overall business strategies. This technology revolution is increasing the pressure on IT organizations, but its effects are not limited to IT. Regulators, financiers and shareholders all demand high levels of transparency into companies’ financial status, pushing CEO’s to adapt to change, as well.
SAP S/4HANA is the latest generation of the SAP Business Suite, characterized by streamlined transactions, a better user experience, simplified data flows and new functionality. These new technologies, leveraged with strategic insight, can unlock new opportunities, evolve business processes, or solve previously intractable challenges. By leveraging SAP S/4HANA, organizations can make the strategic leap forward, but the road to get there can be challenging.
One February, 4, 2020, SAP announced a maintenance commitment for SAP S/4HANA® until the end of 2040. At the same time, SAP will provide mainstream maintenance for core applications of SAP® Business Suite 7 software until the end of 2027 followed by optional extended maintenance until the end of 2030.
Key factors to consider when planning for S/4HANA success
The most successful programs are business led with high executive team engagement
Create an inclusive and collaborative environment to navigate geographic or functional silos
Focus on benefits management and value delivery from day 1
Proactively plan for data migration and data strategy early
Develop strong program governance to enable a holistic delivery approach
It is about providing the right control and the right business insight to the right people
“86% of US CEOs say technological advances will transform their business over the next five years”
How PwC can help
PwC possesses a unique blend of business, experience and technical expertise necessary to assist organizations in transforming their business. From strategically addressing their most complex business problems through planning and implementing systems like SAP S/4HANA.
The road to S/4HANA may appear difficult, but in general those who’ve completed the journey agree that it isn’t as difficult as expected. More importantly, real benefits await those who make the move to the latest generation of SAP—including:
- Improved and more modernized processes
- Better operational control
- More streamlined reporting operation
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