All you need to know about SAP S/4 HANA Cloud 2105 

It’s a new quarter, and SAP has come up with yet another version, claiming it to be better than the earlier one by leaps and bounds.

SAP S/4 HANA is one of the beloved ERP platforms for major enterprises, and few reasons make this the favorite of all major businesses. The most important one being the regular updates to the Cloud variant of the ERP platform. 

With a new update coming up quarterly, we have the SAP S/4 HANA Cloud 2105 available with us now. And in the following part, we will be getting a brief overview of all the major updates in different SAP S/4 HANA Cloud segments.  

Data lifecycle management describes the processes, policies, and procedures of managing data throughout its entire life—from the first entry into your system (data capture) all the way through its retirement (data deletion). All data has a lifecycle, and data lifecycle management ensures that your data function is proactive in managing each step of that journey.

New Features in Different Segments:

SAP S/4 HANA Cloud is one smart solution that serves a lot of purposes. It is an ideal example of one solution fits all, and the following is a list of the different advancements in different sectors.

• Finance – The latest feature of universal parallel accounting will allow the company to produce or create account statements for more than one account simultaneously. The 2105 version makes provisions for the maintenance of two or more accounts parallel, and they will be evaluated separately in different ledgers. This reduces a lot of manual labor by automating the proper legal evaluation of the company’s accounts.  

• Governance, Risk & Compliance – Among new features in this sector SAP financial compliance management tool is one of the most innovative features. It allows the user to manage risks and carry out financial compliance checks for the enterprise. 

Multiple new sub tools have been added in this sector to make the financial compliance testing platform as automated as possible. It is the most powerful iteration of this feature that has ever existed in the SAP S/4 HANA Cloud platform.

• Manufacturing & Supply Chain – The system can now keep a record of the current stocks based on their serial numbers and track them. Connectivity with the cloud has made all these tracking procedures a lot simpler. 

The data can be migrated from the cloud to the system monitor, and all the stock with their respective serial numbers can be easily traced. This becomes a useful tool for the supply chain industry as the entire system can be monitored very accurately by using serial numbers.   

• Sales – The sales department has witnessed massive changes by introducing a new Fiori App, which allows the user to manipulate multiple documents simultaneously. It also consists of major user-friendly options that allow the company to schedule tasks that will run in the background. 

The app automatically filters out data types and forms a list with items that have to be changed while managing sales orders, contracts, and customer returns.  

• Asset Management – This department has also added a new app to its existing collection of tools. This app will help maintenance technicians solve critical tasks and manage maintenance requests based on their priorities. 

This app will be fully functional even in an offline environment just by downloading relevant business data. This reduces a lot of lengthy paperwork and the data will be immediately sent to the cloud and can be accessed by the company whenever required. 

• Sourcing & Procurement – The 2105 version witnesses a combination of the product checking compliance data and purchase processes. This ensures the presence of stock transfers whenever hazardous items are transported and make necessary changes for transportation. This feature will confirm safe and on-time delivery of the products.

• Professional Services – A new feature in this segment enables the person who is concerned with the billing process to automate the process. The project billing is done through an application job that allows the person in charge to define billing document requests through different billing methods. This increases the operational speed and eliminates any unnecessary delays from the billing process. 

• Project Management – A new Fiori app dedicated to project management has been developed that helps in analyzing costs and in finalizing plans for the project during its entire lifecycle. It also helps create a bill of materials to understand the financial feasibility of a project even before starting that project. 

Conclusion:

The 2105 version of SAP S/4HANA is equipped with tools that are mostly targeted towards improving automation in enterprises as much as possible. In addition, many apps developed on the Fiori platform help improve mobility and improve the ease of doing a particular task. 

With the new update, a lot of focus has also been given to shifting more and more operations to the cloud. However, overall this version has also listened to their user’s demands and has worked accordingly to create the best version of SAP S/4 HANA Cloud to date. With the new 2105 update, seamless business processing is the future!