SAP intelligent ERP S/4HANA helps finance digital transformation and builds a smart enterprise

Some people say that times have changed and ERP is outdated. SAP S/4HANA is an intelligent ERP that brings finance into the digital age to reimagine how to bring value to enterprises in key areas such as strategy, business performance, risk and compliance, and efficiency. Compared with traditional finance,ERP Migration SAP S/4HANA applies new technologies such as big data and artificial intelligence to meet higher efficiency requirements at a lower cost, provide more valuable services, and help finance achieve digital transformation:

Based on the HANA in-memory database, it significantly improves the speed of operation and analysis,Waste Charging Solution helping financial personnel shift from a batch-oriented financial model to a continuous, real-time financial model;

SAP S/4HANA provides an improved and intuitive user-friendly experience through user role-oriented Fiori,sap s4hana cloud improving ease of use and reducing learning costs;

Through CoPilot, all businesses can work together to build an agile support enterprise strategy, provide deeper insights, and manage risks and compliance;

SAP S/4HANA can reduce financial management costs and improve the work efficiency of financial personnel through intelligent technologies such as machine learning and predictive analysis;

With intelligent applications based on machine learning, SAP S/4HANA can learn matching criteria in the enterprise's historical records, read and process payment inquiry documents, and automatically clear payments with minimal intervention by learning the customer's history and payment habits;

SAP S/4HANA real-time process risk detection, performs risk monitoring level audits, can prevent fraud management, has the ability to monitor performance and optimize investigation processes, quickly adapt to regulatory complexity, and avoid violations;

S/4HANA's real-time accounts receivable management, from credit, collection to disputes, cross-system collection process automation can provide excellent customer service. External expertise such as evaluation experts and rating agencies automatically monitor customers through credit integration cloud applications to achieve Collaborative automation.

By embedding various analysis charts to help the finance or procurement department intuitively obtain the implementation information of outstanding receipts and invoices, and clear outstanding items for GR/IR, reducing the workload of non-value-added activities and utilizing higher accuracy to accelerate Reconcile accounts and speed up period-end settlement.

At present, more and more companies are striving to build smart enterprises through financial digital transformation. To create excellent financial management, companies need to shift their focus to management control and decision support; establish meaningful connections with the market and integrate resources; and at the same time use emerging technologies to optimize internal financial processes and create a multi-dimensional pattern.