Why now is the perfect time to invest in digital transformation
Exalogic Consulting
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Welcome to the second edition of Exalogic Insights - your monthly digest on tech trends and innovations, industry-leading business application insights, and digital transformation success stories.
This month’s issue focuses on the power of SAP S/4HANA public cloud in beginning a transformative journey for your organisation and how it elevates your business, making it future-ready. Now is the best time to invest in digital transformation because given the rapidly changing times we are in, as leaders, you can imagine what the future would look like for your business and envision what ‘great’ could really be in terms of processes, productivity, preparedness, profitability and customer experience. In other words, you define and build the future of your organisation, leveraging the most modern and powerful cloud technologies.
Our stories include the trends shaping decisions to move to the cloud, and how as growing businesses you need to build a solid cloud strategy to ride the pace of change in a continuously evolving market. In continuation, our talking points include the defining characteristics that distinguish fast-growing companies from others and their key strategies for thriving in a competitive market.
Some of the stories in this journal revolve around the manifold benefits of SAP S/4HANA public cloud and how quickly organisations across industries can adopt and go to market with it, with rapid and continuous innovation in tow, and get access to limitless growth.
Building a cloud strategy with SAP S/4HANA public cloud
In an ever-changing world filled with multiple political and economic challenges such as inflation, rising energy costs, supply chain disruptions, and increasing skilled labour costs, organisations need to find ways to grow their businesses and save costs. How can mid-size businesses like yours safeguard your company against the continuous waves of changes, meet the goals for cost savings and growth, and stay prepared for the future?
For companies looking at building efficiency and growth, this is a good time to look at the systems and processes at play in your business. It is also a good time to assess the technology deployed in your company and evaluate whether it is process efficient. Very often, businesses work with technology that lacks integrated systems that do not provide real-time information necessary to make timely decisions.
Growth-focused mid-size companies are thriving with digital transformation
Today’s market is filled with manifold challenges ranging from economic uncertainties, inflation, supply chain issues and so on. In the midst of these challenges there are companies that have not only survived economic and market pressures, but are also thriving. What do they have that distinguishes them from their counterparts and makes them market leaders? A recent research study surveying high-growth mid-size companies commissioned by SAP and conducted by IDC called,?A Guide to Growth: A global analysis of the defining characteristics of leading mid-size companies?analysed the key factors that differentiate leading and fast-growing mid-size companies from others, and identified their business practices and strategies for growth.
The responding mid-size companies were categorised into four levels of maturity such as leaders, progressing, evolving and aspiring based on their revenue and market share increase, status of digital transformation and the effectiveness of their response to disruptions. Having defined a set of characteristics and actions of leaders in the mid-market, A Guide to Growth emerged basis a list of eight actionable recommendations that can help other companies chart their growth path for the long-term.?
What are these recommendations? Click here to know
Get access to limitless growth with Grow with SAP
While we are talking about the transformative powers of powerful cloud technologies, it is important to mention the most notable offering from SAP - 'Grow with SAP' cloud ERP program built to offer fast-growing mid-size organisations access to complete, seamless and limitless growth. When leaders have access to flexible, agile tools they can manage their business more effectively and scale to the next level. Grow with SAP helps organisations adopt cloud ERP with speed, simplicity, predictability, and rapid and continuous innovation within a cost-effective and scalable platform.?
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As rapidly growing organisations, you stand to gain a complete offering of solutions, industry best practices, adoption acceleration and learning and community services to be able to grow with speed and agility. With this cloud ERP offering, you also have the advantage of rapid implementation and innovation, and the ability to quickly scale into the future without adding to cost and complexity.
Six proven advantages of SAP S/4HANA public cloud
SAP S/4HANA public cloud is your ready-to-run cloud ERP, built to offer your business innovative and industry-leading practices leading to efficiency in processes, cost savings, productivity and growth.?
With SAP S/4HANA public cloud, you can upgrade the performance of your organisation’s various business functions with timely updates, by maintaining cost control, leveraging AI-based modelling and forecasts, gaining insights from predictive analytics and taking timely action, real-time reporting and accounting, asset monitoring and alerts and business process automation.??
SAP S/4HANA public cloud can bring in efficiencies across all your business functions such as finance, procurement, sales and distribution, supply chain management and steer your business effectively towards growth and scalability. What are some of the immediate benefits that you can stand to gain as you get ready to run SAP S/4HANA public cloud?
The new SAP S/4HANA public cloud edition 2302 highlights: Part I
The latest release of SAP S/4HANA public cloud 2302 brings with it a variety of innovations to help your business run smoothly and efficiently. Some of these key innovations are in the realm of finance, manufacturing, supply chain, sourcing and procurement, sales, asset management, sustainability, governance, risk and compliance.
This release also bundles in next-level collaborative capabilities, most noteworthy being Microsoft Teams Integration, of which the “Share as Chat” option that allows users to share content based on SAP Fiori?elements apps directly into Microsoft Teams and accelerates tasks that need immediate attention. ??
SAP S/4HANA cloud public edition 2302 highlights: Part II
The SAP S/4HANA public cloud edition 2302, includes among others, many new features across sourcing and procurement, sales, asset management and sustainability.?
One of the new features in sourcing and procurement, for instance, ensures timely delivery of goods and services while diminishing the manual workload that comes with the tasks, resulting in faster and efficient work.