SAP is among the world’s primary producers of software for managing business processes, as well as for developing solutions that are capable of facilitating the effective processing of information flow across different organizations.
The company was initially called System Analysis Program Development and it was founded all the way back in the distant 1972. However, it was later abbreviated to SAP. Ever since it has managed to grow from a small five-person team to a multinational enterprise that is currently headquartered in the country of Germani and has more than 100,000 employees throughout the entire world.
So What About the Software?
When the SAP R/2 and SAP R/3 software was introduced, SAP managed to establish what later became a global standard for enterprise resource planning (ERP) software. Now, the SAP S/4HANA or SAP HANA takes this concept to the next level by using the capabilities of in-memory computing to further process tremendous amounts of information. It also supports advanced technologies such as machine learning (ML) and artificial intelligence (AI).
Companies such as FPT Software are providing a range of different SAP-related services to further facilitate enterprises to optimize their processes and streamline processes.
When it comes to traditional business models, most of them oftentimes decentralize the management of information with each enterprise function storing its very own operational data in a separate database.
This, however, makes it rather difficult for employees from different business functions to access the information between each other. Moreover, there’s a high probability of data duplication which consequently results in increased IT storage costs, as well as the run of data errors.
By centralizing the process of data management, SAP HANA software provides many enterprise functions with a single view of what’s currently relevant. This can help companies manage their complex business processes better by providing employees of different departments relatively easier access to real-time insights across the entire company. The results from that are impressive – accelerated workflows, improved operational efficiency, an increase in productivity, enhanced customer experienced, and, of course, higher profits.
Top 5 Benefits of Implementing SAP HANA in Your Enterprise
Relying on a reputable service provider to implement SAP HANA in your enterprise is an investment that can be well rewarded with long-term benefits and concurrent inflows. This comes with a lot of advantages, so let’s have a look at the top five of them.
Efficient Data Management
Undoubtedly, one of the critical features of SAP HANA systems is that it’s capable of organizing the information flow in an efficient way. For any large company, this is absolutely essential as storing all the data at one location makes it possible for it to be conveniently accessed and used on-demand.
SAP accumulates all the information in one point and organizes scattered data pieces in a manner that’s rather elaborate and accessible. Integrating an SAP framework is something that will centralize your data points and enable your employees to make better and more informed decisions, reducing the potential risks of mistakes substantially.
Long-Term Financial Savings
Allowing employees to access information in real-time and from a single point of contact will reduce the mistakes that are made and would also lead to a quicker and more accurate decision-making process. This would directly impact the operational cost of the business.
Implementing SAP HANA can help various organizations trim down unnecessary administrative costs and expenses. At the same time, however, it can strongly enhance the control of managers over breakdowns and eventual disruptions when it comes to important business processes.
Improved Business Efficiency
Before SAP, companies were required to handle repetitive tasks on a daily basis which simply leads to inefficiency. Because of the constantly improving technology, however, there are now much smarter and more elaborate ways of handling the tasks at hand.
SAP HANA has introduced an advanced and intelligent way to collect and synthesize a vast amount of information and fill up the necessary databases very efficiently. This has managed to significantly streamline business operations and introduce a method for improving the efficiency of data management throughout the entire corporation.
One of the biggest challenges in front of prosperous startups that aspire to become a well-function company is scalability. Accommodating constant growth is undoubtedly one of the most difficult tasks at hand and implementing an SAP HANA system can help with that tremendously.
There are plenty of things to be considered such as hiring more employees and getting more equipment but companies tend to underrate the handling of the increased amount of information. SAP is designed having all of the above in mind and it’s very easily scaled as the business grows and moves forward.
Enhanced Data Security
At present date, data breaches have become rather common which highlights the inability of many enterprises to handle their security properly. While many would argue that a centralized system is not as secure as a decentralized one as it provides a single vector of attack, it’s also true that decentralized systems have so far failed to provide adequate solutions.
Implementing an SAP HANA framework would enable you to channel your security resource where it matters. It will enable companies to rely on a level of access to the data that can be easily restricted.
In terms of what FPT Software in relation to SAP services, here are some of the company’s capabilities:
- SAP consulting
- SAP Implementation
- SAP AMS
- SAP Migrations
- SAP Rollouts
- SAP Development
SAP has grown into a well-established and accepted industry standard that’s used by countless enterprises and corporations across the world for a good reason.
Failing to properly organize your data prevents you from making actionable decisions when they’re needed. It limits the company’s capabilities to grow accordingly at a pace that allows further advancements.