Before we proceed to the benefits of SAP HANA, we must first know what it means. Well according to TechTarget, SAP HANA enables data analysts to query large volumes of data in real time. HANA’s in-memory computing database infrastructure frees analysts from having to load or write back data. Aside from the fact that SAP HANA makes things easier for some business process, we are still going to learn more about the benefits of SAP HANA.
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To start, Dirk Van Der Merwe will first tell us about creating value for business with SAP or S/4HANA.
Create value for your business with SAP or S/4HANA
The launch of SAP Business Suite 4 SAP HANA (SAP S/4HANA) has meant that SAP’s customers must take a leap of faith. SAP, which emphasized the benefits of the new suite, has given customers insights into how the next generation of enterprise resource planning (ERP) system will meet their business demands. Using SAP S/4HANA, organizations can reduce the complications of their SAP landscapes with the streamlined, centralized suite running on the in-memory SAP HANA platform. Yes, this may look good at face value, but how will organizations benefit from adopting this new ERP system?
The IT fraternity realizes the potential of S/4HANA as a driving force for a reduced total cost of ownership (TCO) relying on the savings from leaner databases and the simplifications, consolidation, and speed opportunities. But from a business point of view, the question is: Read more here.
Agility and speed were mentioned above and it says that the agility of SAP S/4HANA enables quicker data access with agile tools and lets organizations achieve more with data. As an example, a team dealing with finance could run real-time jobs in batches without it having to wait for the jobs to complete.
Next up, Matt Harwood is going to give us five key benefits of SAP’s S/4HANA. Let us read below.
The 5 Key Business Benefits of SAP’s S/4HANA
SAP S/4HANA is proving to be SAP’s most successful ERP system. SAP’s involvement with ERP solutions dates back to 1979 when SAP R/2 was launched. In 1992, SAP R/3 was introduced and we have continued to see improvements as the product has evolved from SAP ERP in 2004 to SAP S/4HANA in 2015. The launch of this 4th generation SAP ERP solution is timely, as it has coincided with new technologies and concepts that are driving global business operations, such as cloud services and mobile computing.
For greenfield implementation, organisations are being forced to choose between the conventional SAP ERP solutions or the more modern S/4HANA. For users running the SAP Business Suite, it is a decision of whether to stick with the status quo or migrate to S/4HANA. Irrespective of the group to which your organisation belongs it is imperative to make the decision based on objective and tangible business benefits. There are 5 key business benefits of S/4HANA which should be considered when deciding which ERP system is the best fit for your business: Read more here.
So the five business benefits of S/4HANA given by Matt above has something to do with performance, agility, simplicity, reduced total cost of ownership, and innovation. Speaking of reduced total cost, it would be cost effective if you are able to combine all the analytical and transactional capabilities of different systems into one. For more benefits and additional functionalities of SAP HANA, let us read the article by Predictive Analytics Today.
SAP HANA Functionalities and Benefits
SAP HANA functionalities and benefits: In 2008, SAP CTO Vishal Sikka wrote about HANA as a new application architecture which enables real-time complex analytics and aggregation, up to date with every transaction, in a way never thought possible in financial applications.
In 2009 a development initiative was launched at SAP to integrate the three technologies above to provide a more comprehensive feature set. The resulting product was named internally and externally as NewDB until the change to HANA DB was finalized in 2011. Read more here.
For the key benefits of SAP HANA, they have provided six. One says that SAP HANA improve performance and reduce cost by eliminating application servers. Another says that SAP HANA improve performance by replacing the traditional relational database and another says that it improves business productivity and improve IT efficiency. Those are some of the benefits of SAP HANA. Now if you want a good performing system for your business, then you should probably go for this.