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Data is an invaluable asset in today’s business landscape, and data security is equally crucial. Fortunately, the popular SAP HANA cloud software has its own set of security tools. Among others, these cover identity management and data access—key elements to ensure that only the right people can see or use your data.
Cloud security functionality can encrypt data to prevent access by unauthorized users. This encryption safeguards data that are in use as well as data sitting in storage, thus protecting the entire data lifecycle.
The SAP HANA cloud also includes fine-grained access control features that assign individuals and groups of users to the correct IT resources. The system authenticates users to prevent wrongful data access. Furthermore, the software has the ability to “mask” data to hide sensitive information.
SAP HANA cloud has a range of tools for monitoring and logging information—all of which will help you find and handle security risks. Furthermore, the system receives frequent updates to keep ahead of potential threats. The goal of all these security tools is to protect the organization’s data and operations.
The SAP HANA cloud helps businesses systematize how people interact with applications and data. For instance, there are user management tools that let administrators create or modify accounts, assign permissions to various resources, and group together multiple users. Moreover, user management facilities also help you track each account within the system—an important element for identifying any suspicious activity and preventing potential security violations.
SAP HANA cloud enforces restrictions to ensure that users don’t accidentally—or intentionally—gain access to confidential or classified information. It also protects users’ data against outside attacks.
Authentication and Authorization
Authentication and authorization are the key mechanisms by which the SAP HANA cloud protects data. These twin processes check possible data access attempts against the configuration your organization has approved. The system detects and blocks any unauthorized access—as well as contacting your administrators.
It’s these authentication and authorization methods that stand behind SAP HANA’s user management functionality. Users have certain rights, and actions outside of these rights are shut down.
The SAP HANA cloud hosts multiple specific “auth” technologies, such as OAuth 2.0 and SAML. These work to connect users with applications and data in a structured fashion. Additionally, there’s role-based access control and attribute-based access control—complementary approaches to determining which resources can be used.
Authenticating a user for several different applications—without duplicating efforts—is a common challenge. Single sign-on (SSO) handles this by uniting the logins. Once users log in to one system, they’re automatically logged into other systems.
Ensure that logins are resistant to compromise. Multi-factor authentication (MFA) addresses this by requiring two or more separate confirmations of a login, such as using a password and an e-mail confirmation. These added layers of defense limit the risk of sensitive data falling into the wrong hands.
All these different authentication and authorization processes work together to secure the SAP HANA cloud. As such, users and administrators have a high degree of confidence that their data is only accessed appropriately.
Data that’s not encrypted can be seen by whoever downloads it. By contrast, encrypted data is unusable by anyone other than the intended recipients, even if someone gains unauthorized access. Therefore, encryption functions as another critical layer of defense.
The SAP HANA cloud uses enterprise-quality data encryption throughout all their storage—by default. The widely-recognized Advanced Encryption Standard (AES) is a benchmark that’s used by the US Government, among others. AES has undergone extensive testing and is an extremely reliable way to protect your information.
The SAP HANA cloud also employs hardware-based encryption devices, adding an additional element of security. This purpose-made equipment serves to strengthen the process of encrypting and storing data. Related features mask—or “tokenize”—information to control who can see what.
Data Masking and Storage
It’s not uncommon for an organization to have data that needs to be easily accessible, but at the same time requires being hidden, for the most part. For example, a business may need to store customer payment information, yet only make this available to employees at particular times. Data masking helps accomplish this purpose.
With the SAP HANA cloud, you can mask sensitive data in real time. Data is either shown or hidden on the basis of who’s using the system and which permissions that user has. Thus, there’s less chance of someone seeing data who shouldn’t.
Secure storage complements data masking. Using the aforementioned hardware encryption, businesses can deploy data to locations where it’s tightly controlled. The secure key management of the system lets authorized users—and no one else—handle the data.
Together, these features minimize the risk of intruders gaining access to your data. The SAP HANA cloud encompasses a mature enterprise technology that’s able to stand up to the unprecedented attacks now facing IT assets. Given the currently massive financial reliance on data, it’s imperative to choose a trustworthy platform.
Secure Your Data in SAP HANA Cloud
Data has become the lifeblood of the modern enterprise—and it’s one of the most vital assets for businesses to secure. Identity management and data access security helps to safeguard data, making sure that it’s under strict control and only available to authorized users.
In addition to user management and authentication, an enterprise software platform should employ the latest encryption standards. Features such as dynamic data masking and hardware-based secure storage round out the functionality that’s essential for keeping information where it belongs.
SAP HANA cloud addresses all these needs in a fast and reliable package. Globally, large organizations know they can entrust their mission-critical data to the SAP HANA cloud solution. This is where Approyo—the leading full SAP service provider—can help you achieve your data security goals. Contact us now to learn more about our key security, cloud-centric features.
The phrase “employee fraud” sounds scary, as the destruction caused by employee fraud can be quite substantial. Even worse, no company is immune. Employees entrusted with company resources can turn on the organization and do immense damage from within.
Corrupt workers may steal then cover their tracks. It’s not just money or physical products; they can also steal or expose data. And as everyone knows, in the digital economy, data is the lifeblood of business. Lost data will expose companies to fines and lost business, severely undermining the entire organization.
If you think employee fraud is uncommon, think again. Nearly all companies are victims of employee theft. And, on average, it takes two years for employee fraud to be found out. Some forms of fraud have subtle effects, while others can rack up more than a million dollars in losses.
In total, the costs of employee theft add up to around 7% of annual revenues, driving many businesses into bankruptcy. When it comes to technology companies, more than a fifth of employees steal. What’s more, new types of international fraud present growing risks.
So, how can you defend against employee fraud? Cloud technology from SAP helps. It can detect suspicious patterns and alert you to potential fraud before the damage gets out of control. If you need assistance deploying anti-fraud measures, you can rely on Approyo, the leading full SAP service provider.
What is Employee Fraud?
Employee fraud is the use of deceit by a worker to take financial or other resources from the company. This is commonly known as an “inside job.” For instance, employee fraud occurs when a worker produces false financial reports and extracts money from the organization.
There are many categories of employee fraud, and not all of them involve theft for personal gain. Some other examples include accepting or giving bribes, taking company data, and abusing one’s official authority. Other than direct financial gain, motivations include fear, envy, or assisting someone else.
Types of Fraud
Many types of employee fraud involve financial transactions, for the obvious reason of adding to the employee’s own wallet. The criminal may make fraudulent payments or modify payments, or they may intercept payments to or from the company. In some cases, this may go as far as creating entirely new accounts in the company’s system.
Fraud can also occur during procurement—the acquisition of products and services. Normally, this procedure is carefully designed to prevent unfair practices, but unscrupulous people attempt to circumvent such controls.
For example, someone may cheat the system to select the winning bidder unfairly. Another fraudster tactic is to arrange procurement for overpriced or non-existent products. In some cases, the insider works in collusion with someone at a vendor to break the system.
Any type of deliberately inaccurate claim constitutes fraud, such as an employee who makes a claim for travel expenses without traveling. This also covers claims larger than the amounts spent as well as falsified authorizations.
Regardless of the rationale and the specific offense, employee fraud can have devastating effects on a business. Most companies lack the necessary controls to detect and prevent fraud. The costs can tally up to immense sums of money, in addition to a damaged reputation and lost customers.
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How Employee Fraud Affects Tech Companies
Technology companies can be left exposed by the fraudulent use of their data. For example, employees may take advantage of their access to confidential information for personal gain. They may sell customers’ personal data or the company’s trade secrets. What’s more, the exploited assets don’t have to be digital. Employees may also abuse hardware or any other company resource for their own ends.
Another category of employee fraud affecting tech companies involves personnel management. For instance, employees may falsify the amount of work they’ve done, which is more of a risk with offshore workers. They may also take sick leave while not sick or abuse other policies.
Accounting fraud and payroll fraud are two relevant categories in which the company’s accounts or the employee’s billable hours are falsified. One such risk for American companies working with outside help is that there may be fake payroll for employees who don’t even exist.
Common Warning Signs of Employee Fraud
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The sooner you spot employee fraud, the less impact to your organization. Here’s a list of key warning signs. While they don’t necessarily show a crime is being committed, they at least deserve your attention.
If international workers aren’t online or answering calls when they should, there may be a problem.
When an employee seems to live a lavish lifestyle well above what you’re paying, this is the most common red flag. For example, fancy cars that aren’t normally affordable for a person with that job should raise eyebrows.
The opposite situation is also a signal, as an employee in financial trouble may resort to fraud. This is the second most common warning sign.
Addiction often feeds the financial issues that lead to occupational crime. Other personal problems such as broken marriages can also spur fraudulent behavior.
An employee who becomes more secretive and controlling about their work may have started committing crimes against your organization.
Hearing reports about an employee should tip you off. Fraud is often found through complaints made by others.
A sudden or unexpected change in your business’ financial activity should trigger a warning. If you’re seeing more transactions recently, it’s worth investigating.
An employee who consistently disregards the rules is circumventing important controls. This indicates possible ill intent. Even a broadly “shrewd” attitude can reveal criminal acts.
If an employee performs actions without the appropriate logging, they may be attempting to manipulate the system or avoid detection. Transactions should have evidence in case an investigation becomes necessary.
These are just some of the warning signs. There are other suspicious behaviors you may notice, and no warning sign on its own necessarily means an employee is committing fraud. Rather, these signs point to anomalies that may have ordinary explanations but deserve further consideration.
Other Warning Signs of Employee Fraud
Dealing with overseas workers adds to the challenge of finding fraud. For instance, they may regularly have to access the company’s online resources at odd hours. This behavior would be a warning sign for local employees, which complicates the matter for international employees. Watch for these additional red flags:
Lying about actions or using logins other than their own should ring alarm bells. A dishonest employee is not one you would want anyway, but this may indicate more serious fraud.
Talking or writing negatively about the company can hint at problems. Many fraudsters feel aggrieved, for example, if they didn’t get a promotion they expected. Employees who genuinely like the company are far less likely to commit fraud against it.
Asking for access to sensitive resources is another red flag. People who seem abnormally interested in having access to data or authority may be planning an attack. Employees should only have access to the data they need for work.
Unusual transactions should have a valid justification. If an employee wants to modify transactions or accounts, there should be a specific defensible reason.
Having too close of a relationship with suppliers is suspicious. Conflicts of interest can result in poor deals that cost your company. An employee’s tight personal ties with third-party vendors should be out in the open and minimized.
Mood problems can also give away fraud. Often enough, the criminal will feel worry over the misdeeds. This can result in the person acting defensive or irritable.
An effective anti-fraud system finds signals before, during, and after a crime. Approyo can help you establish practical controls to detect evidence of employee fraud. With a policy for risk management and appropriate staff education, you can mitigate the tolls of this serious problem.
Detect Employee Fraud Sooner
Employees are entrusted with certain privileges that are essential to accomplishing their work. However, these privileges also expose the company to fraud risks. Your own workers know the system better than anyone else, and they are ideally placed to commit a crime then conceal the evidence.
The frequency with which inside jobs are reported in the media testifies to these risks. In a sense, just being an employee is already a warning sign. However, it’s important to use more specific indicators to focus on the higher-risk elements within your organization.
If you identify fraud early, you can often handle the problem. But if it goes unnoticed for months or years, the damage may become unrecoverable. It costs a lot less to remedy fraud if you detect it through IT controls rather than only finding out when the police tell you.
Most organizations notice at least one warning sign before a fraud is found. In some cases, there are multiple warning signs. Ignore these red flags at your own peril.
The Demographics of Employee Fraud
While there are common warning signs of employee fraud, it’s also useful to develop a general profile of a fraudster. For instance, the people who commit employee fraud are on average 48 years old, with men more likely than women to offend.
Most perpetrators don’t have any previous conviction, which can make them harder to find in advance. In addition, they usually haven’t been previously fired or disciplined for fraud, even if they have committed prior fraud.
Around half of fraudsters work alone, while 18% work with a partner and 33% work in larger groups. The more people who are involved in a crime, the larger the fraud’s costs tend to be. Also, older criminals and those who have been with the company longer cause larger losses on average.
Fraudsters often have other troubles at work, too. In general, they aren’t the most stable people. Bullying is common enough, as well as showing up late or failing to go to work. Nearly half of offenders have had work issues such as negative evaluations, pay cuts, and the threat of losing a job.
Employee fraud is more likely when there are easy opportunities. For example, an individual given excessive access to company resources or not enough supervision poses more of a risk. Similarly, American companies with overseas workers may be less able to supervise these employees and therefore become susceptible to fraud risks.
How to Avoid Hiring Potential Fraudsters
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While there’s no surefire way to detect all fraudsters, the right tools and techniques can decrease the risk. Of course, it’s best to deter and prevent fraud even before the offender joins your company.
Publicize Your Policies
Having a clear policy can deter some frauds. If people see the risks they face, they will more likely reconsider before ripping off the company.
Get Fraud Insurance
Fidelity bonds offer insurance payments if the policy-holder is affected by fraud. Tech companies can purchase fidelity bonds to protect themselves against risks including computer theft. If an employee abuses company resources for personal gain, the policy covers those losses.
Audit Employees’ Work
Random audits are another way to find and prevent frauds. You can do this on your own or work with an external partner. The goal is to sample transactions and ensure they’re valid. This doesn’t entail micromanaging every aspect of employees’ behavior, but rather selectively and fairly ensuring processes are working as they should.
Require Regular Breaks and Vacations
An unusual technique to decrease the risk of fraud is to encourage or require employees to take breaks from work. Taking leave usually involves someone else handling the same duties, which may uncover fraud. Some guilty employees attempt to work year-round to cover their tracks.
Also, those who work without pause become overly focused on money and may lose sight of the reasons not to cheat. So, increasing people’s days off can actively discourage fraud. Furthermore, people with good morale and a positive attitude toward the company are less likely to offend.
Offer Good Employee Benefits
Other ways to improve employee morale include providing opportunities for career development and offering benefits such as insurance or retirement packages. When people feel valued, they’re more committed to the company. Many cases of fraud occur when employees feel disrespected.
Technological and Financial Methods to Prevent Employee Fraud
Automating your payment systems is an effective way to eliminate some processes where fraud could happen. For instance, if an employee has the opportunity to intervene in a payment manually, that’s a risk of fraud. On the other hand, if the entire process runs on its own, then the employee is denied this opportunity.
Reconcile your balance sheet regularly—say, every quarter—to find and prevent problems. Undetected fraud will probably grow fast, so it’s important to keep tabs on financial activity. When it comes to employee time sheets, you should have a manager who approves these and also examines them afterward for accuracy.
American technology businesses have a duty to deploy access controls so sensitive information is only available for authorized employees. Cloud solutions from Approyo-managed SAP can help you control who has access to what data.
Another way to use technology to prevent employee fraud is to automatically detect large file transfers. These transfers may signal an employee is exfiltrating company data or installing risky software on the organization’s equipment. It’s smart to have an alert sent on suspicious transfers.
Using generally recommended computer security practices will also contribute to fraud prevention. For example, enforce strong passwords that are regularly updated. And, employees should only work with their own credentials.
Finally, while business has become mainly digital, don’t forget to deal with paper documents. After their retention period, you should ensure paperwork is disposed of properly. Crimes can still be committed by modifying or improperly using paper documents.
Managing Employee Fraud
The three stages of dealing with employee fraud are prevention, detection, and response. Ideally, you want to institute systems that prevent fraud from occurring in the first place. In practice, when fraud does occur, it’s important to notice it as soon as possible. Then, a firm response deals with the perpetrator and deters future offenses.
To manage the potential problems of employee fraud, your organization should implement controls then monitor behavior. This isn’t a one-and-done, but rather an ongoing process to watch and manage risks.
Deterrence is an important component of managing fraud. It may involve internal disciplinary methods as well as litigation or criminal proceedings. Depending on the size of an attack, it can result in fines reaching thousands of dollars or prison terms of several years.
If an employee has sole authority to process financial transactions, this increases the risk of fraud. So, it’s generally advised to have at least two people involved in any financial duties. An employee acting alone may manipulate accounts and payments. Use a system of checks and balances to protect the organization.
Defend Yourself with a Managed Service Provider
Using a managed service provider (MSP) will improve your risk management capabilities while lowering costs and aiding in your digital transformation. And when it comes to SAP products—which support innovation but are complex to use—an MSP is even more valuable.
With a reliable technology partner, you’ll have the industry’s best security and performance, no matter how complex your environment. For American companies working with overseas employees, an MSP is an important asset that can help protect you against employee fraud.
Essentially, the MSP handles technical needs for you. For example, Approyo can manage your enterprise resource planning (ERP) software and IT infrastructure, along with associated services built for the cloud. The efficiency of using professional support quickly delivers your return on investment (ROI).
Any company will encounter difficulties, but a company using an MSP will have access to time-tested solutions. Whether fighting against employee fraud or striving for better regulatory compliance, you can see precisely which steps would serve the purpose and how long they will take.
Approyo works on projects that must comply with regulations for the financial and medical industries among others. Unique monitoring technology protects your data 24/7 against threats, whether they’re internal or external.
Approyo Supports SAP HANA
Approyo offers expert support for SAP HANA, the fast new database. This in-memory database enhances decision-making with its functionality designed for business intelligence. SAP HANA unites your data in a safe and cost-effective store.
Whether you want to run SAP HANA in the cloud or on-premises, Approyo can develop a solution that meets your needs. The solution will grow to keep pace with your business and includes numerous features like real-time analytics and integration with other SAP products.
SAP HANA includes tools to detect and prevent employee fraud. The database analyzes transactions and reports to root out problems. It uses automation to strengthen investigative efforts, which has become practically necessary. Criminals continuously devise new methods to penetrate digital companies, and these tools let you keep pace.
For organizations already using SAP products, it’s smarter to keep data within the HANA database rather than using another tool. HANA makes searches faster and uses live information, improving data governance. You can accurately examine current and past evidence and even conduct predictive assessments of potential fraud.
Mitigate Employee Fraud With Approyo
Employee fraud is a serious problem when it happens, but you don’t have to stand by defenselessly. Noticing the common warning signs is often enough to defuse a situation before it explodes. Avoiding hiring fraudsters is even better.
Cloud technology can now help you identify and stop fraud before it becomes a serious problem. Approyo is the trusted provider for SAP solutions that require a focus on security. Contact Approyo today to increase your protection against employee fraud.
With everything migrating to the cloud, the world can expect a huge number of companies to move their services online and adopt cloud networking. A Gartner study predicts that worldwide public cloud end-user spending will reach nearly $600 billion in 2023. That’s because cloud network technology is not only highly scalable but also very flexible and adaptive to business needs.
Several companies currently leverage cloud services to foster innovation. From artificial intelligence (AI) to machine learning, today multiple aspects of technology are being driven by cloud networking.
Don’t confuse cloud computing with cloud networking, though. These two concepts are related yet distinct. Cloud computing focuses on how applications run, while cloud networking concentrates on the connectivity and overall management of a cloud application. Although nearly all SaaS (Software as a Service) companies use cloud computing, the potential of cloud networking has yet to be fully realized. That said, this situation is changing as companies become aware of how cloud networking helps accelerate business growth.
Over the coming years, these trends will dominate cloud networking—especially in SAP.
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1. Focus on Sustainability
Sustainability is currently a key concern for many businesses. As more organizations adopt cloud network technology, the advantages of this strategy are increasingly clear. Benefits range from cost savings and unlimited storage to greater flexibility and better security. But what does this mean in terms of sustainability and the environment?
A U.S. National Renewable Energy Laboratory report estimated that data centers are responsible for around 1.8% of total energy consumed annually. Thankfully, the efficiencies realized by cloud network technology—including effective and intelligent infrastructure—can make a substantial and positive impact.
Cloud networking is proving to be one of the most sustainable and efficient ICT solutions available. This is also true for SAP cloud networking platforms that help launch businesses using SAP on the cloud.
Already, several SAP companies are raising their sustainability profile by investing in cloud network technology. Over time, this technology is expected to reduce the energy consumption and emissions produced by regular and local servers.
2. Multi and Hybrid Cloud Environments
Nowadays, companies have the option to choose between different environments as they migrate to the cloud. The terms “multi-cloud” and “hybrid cloud” both refer to cloud systems that integrate more than one cloud. And while often used interchangeably, these terms describe distinct solutions.
For instance, multi-cloud systems allow access to two or more public cloud platforms at the same time. By contrast, a hybrid cloud strategy utilizes public and private clouds together with an on-premise setup to create a single optimized infrastructure.
The flexibility and choice inherent in these different solutions allows businesses to optimize their cloud networking strategies. This is where it’s vitally important to have a partner like Approyo to provide a seamless transition to the multi-cloud system.
3. Artificial Intelligence
In the near future, AI adoption will become the norm. Indeed, this must-have tool is improving cloud network technology. For instance, cost reductions, higher productivity, optimized workflows, smart automation, deeper insights and analytics, enhanced security, reliability, and superior data management.
At the same time, cloud networking is driving efficiency and enabling faster innovation and scalability. Merging cloud technology with AI will soon become essential to create a seamless environment for optimized data storage and management.
A study by McKinsey & Company showed that 64% of high-performing companies have realized substantial benefits since incorporating AI workloads on their cloud networks.
4. The Serverless Cloud
A serverless cloud lets developers run and build code without having to manage their services. Contrary to their name, serverless clouds do, in fact, have servers. The word “serverless” is used to describe the developer’s experience in that they don’t have to manage or even interact with the server.
The most significant advantage of serverless clouds is that businesses don’t have to pay for idle capacity—a feature that makes them extremely cost-effective. Moreover, serverless clouds are well suited to hosting business operations because, in addition to cutting back on expenses, they offer a superior level of security. Microsoft Azure is one of the most popular and high-profile examples of a serverless cloud.
5. Virtual Cloud Desktop
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A virtual cloud desktop—also known as “desktop-as-a-service”—can send a full operating system, along with software programs, from a cloud service to a device. With virtual machines, users can manage and use a virtual desktop anywhere. This exciting development scores top marks for efficiency, as the system and software can be accessed anywhere via a laptop, tablet, or mobile device.
Cloud network technology is also able to incorporate virtual desktop solutions to improve remote access. As a result, anyone from nearly anywhere in the world can connect to the operating system. Moreover, being able to access multiple devices at once through a virtual cloud desktop makes it a flexible and very valuable solution.
A virtual cloud desktop simplifies operations for staff and reduces the need to invest in costly ICT infrastructure. In addition, this service maximizes the use of existing investments and staff expertise through hybrid deployments and collaboration.
Why is Cloud Network Technology the Future of SAP?
Around the world, companies are making cloud network technology a priority and accelerating their efforts to switch data to the cloud. This is especially true for businesses that are using SAP.
Cloud networking is positively affecting SAP systems by transferring all the typical offline operations to the cloud. Companies such as Approyo leverage this technology to ensure that a business—along with its data—completes a safe transition. Moreover, Approyo offers powerful and innovative solutions that aren’t readily available in regular SAP systems.
Thanks to the amazing benefits it brings, cloud network technology is closely linked with the future of SAP. For companies looking to transition their business to the cloud and take advantage of the latest technology, Approyo can show them how.
Ensuring company success entails proactively looking for ways to keep up with changes in the increasingly competitive business landscape. In an effort to stay ahead of the curve, companies have likely encountered enterprise resource planning (ERP) systems and customer relationship management (CRM) platforms. So, ERP vs. CRM: how do they compare?
Both ERP and CRM systems are designed to improve business workflows. However, while the software shares similar features, these systems have many different uses. Therefore, it’s important to carefully compare ERP vs. CRM to determine which platform is more suitable for a company’s needs.
To help decision-makers make an informed choice, this guide will outline the core functionalities of ERP and CRM platforms as well as their pros and cons.
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ERP vs. CRM: Core Functions
ERP and CRM platforms serve as data repositories and central databases for business operations. Both aim to improve an organization’s access to data, enhance task management using automation, and maximize overall profits. However, they have several key differences.
Functions of ERPs
ERP tools are built to gather, manage, and interpret data to maximize the use of company resources. With this software, businesses can streamline a number of back-office activities, including inventory management, supply chain management, accounting, and task delegation.
When considering ERP vs. CRM, the former’s focus is on keeping workflows as efficient as possible and reducing operational costs. As a result, it covers a broader range of business processes.
This provides a comprehensive overview of supply chain processes, from manufacturing to fulfillment. It could include tools for purchase order management, logistics, and distribution.
2. Financial Management
This collects, tracks, and analyzes critical financial data. In addition, it can often generate financial reports, budget forecasts, spending trends, and the like.
3. Inventory Management
This feature keeps tabs on inventory levels as well as the movement of goods during daily operations. It simplifies the automation of inventory planning and logistics and eliminates the risk of downtime due to insufficient raw materials.
4. Human Resources
This is a module focusing on any employee management efforts, from hiring and onboarding to timekeeping and payroll.
5. Customer Relationship Management
Depending on the current ERP system, it could also have integrated CRM features. These often include tools like contact management, unified inboxes, and lead tracking.
Functions of CRMs
CRM platforms are created to collect client data that can be used in building relationships with leads and current customers. They focus on front-office processes such as sales pipeline management, marketing campaigns, and customer support. As a result, companies will have all the information they need to maximize each customer interaction.
Between ERP vs. CRM software, the latter puts more emphasis on increasing sales numbers. As such, it tends to have a more limited toolset than ERP systems. However, because CRMs focus on a specific aspect of a business, they offer more advanced functionalities for customer-facing processes than an ERP.
Here are some CRM software features:
1. Lead Management
This tracks multiple touchpoints to capture prospective customers. From there, it scores and qualifies leads to ensure enough time and manpower are dedicated to strong leads.
2. Contact Management
This module primarily serves as a unified database that stores information on leads and existing customers. This includes their names, contact numbers, addresses, and transaction data to help agents pick up where another left off.
3. Reporting and Analytics
This is a system that collects and interprets all data that goes in and out of the CRM software. It tracks key CRM metrics such as customer retention, return on investment (ROI), and lead conversion to help understand the status of a company’s performance.
4. Pipeline Management
This visualizes the different stages of the sales cycle from first contact to closing so agents can see the status of leads and ensure none fall through the cracks.
5. Automation
This eliminates repetitive tasks like collecting customer information and sending follow-up emails.
6. Document Management
A feature that enables users to draft, edit, and share documents from within the CRM system. This is useful for storing templates of contracts and emails as well as sharing important files with colleagues.
Benefits of Using ERPs
Businesses big and small can reap rewards from using ERP systems. These platforms can help a company:
Boost Efficiency
Most ERP systems leverage artificial intelligence (AI) to automate processes. With this, users can eliminate repetitive manual processes such as product tracking, demand forecasting, and procurements. As a result, employees can reduce time and effort in daily activities.
Reduce Costs
With tools for inventory planning and forecasting, ERPs can help companies optimize the use of resources, which can translate to long-term savings on purchasing and freight expenditures. In addition, thanks to task management and automation functions, ERPs can help companies maximize billable hours.
Streamline Processes
As most ERPs collect data proactively, users can gain insights into key operational metrics. This simplifies data-driven decision-making, which can help companies continually improve business processes.
Enhance Collaboration
ERPs serve as unified hubs where users have access to shared documents, communication systems, and task-queuing systems. With all information in one place, teams can closely collaborate at all times.
Increase Productivity
As ERPs use automation and provide centralized data hubs, teams can focus more on attention-demanding and revenue-generating work. They can also closely monitor productivity numbers and ensure they are making the most of their workday.
Improve Customer Relationships
Many ERPs provide CRM functions. Therefore, sales agents and marketing staff can have the customer information they need to ensure seamless customer journeys.
Benefits of Using CRMs
Looking at ERP vs. CRM, one can’t deny the former offers more extensive toolsets. However, that doesn’t mean CRM platforms can’t keep up when it comes to the advantages they offer. Using these, businesses can:
Centralize Customer Data
CRMs keep all data about leads and customers, from basic contact information to transaction records. As a result, all team members have instant access to files they can use to follow up on or convert leads.
Identify More Leads
With lead-scoring features, CRMs can help teams identify strong leads. This way, employees can dedicate their time to prospective clients who are more likely to convert.
Target Marketing Strategies
CRMs can help you segment leads, determine buyer personas, and generate reports on customer data. Therefore, you can create more targeted marketing and sales strategies that are sure to convert leads.
Reinforce Data-Driven Decision-Making
Much like ERPs, CRMs also collect and analyze information to help users make data-backed business decisions. With this, users can get access to metrics such as conversion rates, lead-generation status, and agent performance.
Improve Collaboration
CRMs may use Kanban boards, Gantt charts, unified document databases, and in-platform communication systems like ERP systems do. As such, they can help team members stay in the loop on the status of all leads and customers.
Which Is Better for Your Company, ERP or CRM?
ERPs and CRMs benefit businesses in different ways, so it’s hard to say one is better than the other. For instance, if the goal is to improve lead conversion, a CRM platform is ideal. But, it won’t help much if the goal is to eliminate supply chain inefficiencies. On the other hand, if a company needs a solution for multiple business processes, an ERP would be a better choice.
However, with changing consumer demands and industry standards, businesses probably require a multifaceted approach to operations. So, having both platforms in the tech stack is worth considering. Luckily, companies don’t have to weigh ERP vs. CRM. Simply invest in integrated solutions.
For example, Approyo offers a comprehensive suite of solutions. With its SAP consulting services, businesses can easily deploy an ERP system that includes a CRM module. This gives access to all the features needed for day-to-day processes. Contact Approyo today to learn more about what they can offer.
An SAP management software is a platform that lets companies handle business processes in one integrated system. Data consistency, real-time information, better collaboration, and workflow efficiencies are but a few benefits of this platform. An SAP management software provider plays a valuable role in supporting companies through SAP implementations and migrations.
The key to avoiding the unexpected challenges of a complex endeavor is selecting the right SAP management software provider. However, this can be tricky, as there are many options out there. To help, this list ranks the top three providers for companies to consider as they begin their research.
What Is SAP Management Software
Systems, Applications, and Products (SAP) is an enterprise resource planning (ERP) software. ERP software is a centralized platform for managing a company’s operational functions such as accounting, sales, logistics, and human resources. Management software represents a big step forward in cross-functional collaboration within a company. The right management software provider can take any industry to a whole new level of efficiency.
Traditionally, business units operate as siloed functions that inhibit collaboration. For example, consider a sales representative who wants to know if a product is available. If the salesperson doesn’t have access to the appropriate system, they will need to contact someone in the inventory department for the information. However, with ERP software, the salesperson can directly access the inventory records to get the answers they need.
SAP management software simplifies data management. By combining operational data into one platform, the system becomes the single source of truth that supports all business functions. In addition, SAP software lets employees work more efficiently, as employees can quickly access the details they need without opening multiple systems. What’s more, SAP management software supports real-time data processing so leaders have the most up-to-date information when making decisions.
When it comes to an effective SAP management software provider, these three companies are the best in the industry:
1. IBM
In 1964, IBM introduced the first mainframe computer, the System/360, which was the start of modern-day ERP systems. The system allowed companies to consolidate their business functions and data into one platform. Since then, the management software provider has evolved from mainframe systems to business enablement consulting for enterprise customers.
IBM’s professional services division facilitates enterprise digital transformation with consulting on strategy, technology, and operations. The company has rebranded its services by consolidating its advisory, implementation, and application management functions under a new program called “BREAKTHROUGH with IBM for RISE with SAP.”
2. Approyo
Approyo is a full-service SAP management software provider and SAP cloud provider. Founder and CEO Christoper M. Carter started the company to support customers through consulting, solutions architecture, hosting, managed services, and SAP S/4 HANA migrations. The company focuses exclusively on SAP and is SAP-certified in SAP HANA operations.
Today’s competitive environment means businesses need to move faster than ever to keep up with the competition. Leaders need accurate, real-time information to make data-backed decisions. SAP HANA is an in-memory database that provides real-time data processing by allowing both transactional and analytical workloads to run simultaneously. This means operational tasks from users get processed for immediate reporting as soon as they happen. The system also uses machine learning (ML) and artificial intelligence (AI) to analyze structured and unstructured data for robust reporting.
SAP S4/HANA is Generation 4 of the SAP business suite, which was designed to run on SAP HANA. SAP S4/HANA integrates operational business functions into one real-time processing suite. The tool streamlines operations by combining the operating system, database, and user interface into a single technology stack.
In addition, although the company offers managed hosting, Approyo can support SAP deployments to Amazon Web Services (AWS). AWS provides multiple EC2 instances, production-ready SAP environments, and pre-configured SAP environments.
The company also supports deployments on Azure. With Azure, companies get an inventory of services for functions such as advanced analytics, artificial intelligence, and the Internet of Things (IoT). Azure also provides security tools such as Azure Security Center and Azure Active Directory.
Approyo believes in making SAP accessible to clients through simple, user-friendly tools such as AI-based monitoring.
3. Deloitte
Deloitte is an SAP management software provider that performs SAP implementations, integrations, and strategy development for enterprise clients. The firm provides on-premise and cloud-based HANA deployments, along with pre-configured HANA solutions.
The Enterprise Transformation team at Deloitte works with customers to modernize and streamline operational functions such as supply chain and customer relationship management (CRM). The Cloud Transformation team empowers clients to deploy SAP in the cloud or as a hybrid deployment. And the Digital Transformation division helps companies integrate advanced technology such as machine learning, the Internet of Things, and robotic process automation.
Avoid SAP Management Mistakes With Approyo
SAP projects have a lot of moving parts. Documenting business processes, project planning and task sequencing, data migrations and testing—it all makes for a complex endeavor. However, working with an SAP management software provider removes these complexities and minimizes risks.
Approyo has the expertise to implement, migrate, and manage SAP solutions to help companies realize the full benefits of this advanced integrated platform. As a leader in SAP managed solutions, Approyo provides custom solutions to help businesses get the most out of their SAP investment. Reach out today for more information.
SAP has been around for more than four decades, helping businesses both big and small oversee the performance of mission-critical tasks. It has become an invaluable part of business operations. In fact, the global SAP cloud platform industry is expected to grow by over 30% to reach an estimated $7 billion by 2032. And yet, troubleshooting in SAP is still quite inadequate. That’s why it’s crucial for businesses to find the right SAP monitoring tools to track performance.
Having a slow or inefficient SAP application can ultimately affect revenue. Since it uses various layers like HANA, Java stack, and more, it’s vital to monitor all aspects to ensure in-depth visibility and accurate diagnosis. It can save a lot of time and a considerable amount of revenue as well.
SAP monitoring tools can help industries automate the most delicate parts of their business—even the ones prone to human error. Tasks such as tracking manual changes, generating manual SLR reports, and annual auditing take a huge amount of time and are susceptible to slip-ups. An effective monitoring tool can solve these issues.
What to Look For When Choosing the Right SAP Monitoring Tools
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With the number of SAP monitoring tools available on the market, it can be confusing to know what to look for. Some only monitor a particular type of system, while others provide limited functionality. The best tools are the ones that are user-friendly and support all the necessary features critical to a business. They should also be able to handle full-stack end-to-end monitoring along with quick report generation and faster response time.
An objective way of comparing features is to look at each tool’s strengths and weaknesses. Here’s a complete checklist of the things to consider when evaluating SAP monitoring tools:
1. Easy to Use and Maintain
Time is money, and any tool that makes business operations efficient and saves time is worth considering. This includes how much time, skills, effort, and overall resources are needed to install, maintain, and deploy the tool.
Another important aspect of choosing an SAP monitoring tool is knowing the infrastructure requirements, whether it’s on the cloud or on-site, agent or agentless. Business owners should choose the one best suited for their business needs.
2. Reliable Analysis and Data Collection
Another key point to consider when evaluating SAP monitoring tools is the analysis method it uses and how efficiently and reliably it can collect the data. These methods can include agents, native calls, APIs, and web services. Moreover, a tool that can self-monitor data collection will be useful as well.
3. Monitoring Options
This is probably the most important metric for choosing the best possible tool. Monitoring options include things like infrastructure monitoring, network monitoring, container monitoring, application performance monitoring, cloud monitoring, and more. These options give complete control over the SAP model and save businesses a lot of time.
4. Recovery Options
When it comes to updating systems and upgrading infrastructure, having a recovery option is crucial in the uneventful case of a system crash. The biggest indicators of a good recovery option are how easy it is to run commands and scripts at the time of need and whether the recovery options work across platforms.
5. Capable of Process Automation
Automation makes SAP monitoring easier. Look for features such as automating IT operation checklists and workflows.
6. Delivery Reports
Finally, check the reporting features. Having automated and customized reports are necessary to gain timely insights. Look at whether the reports are static or dynamic and whether they can be filtered further to present valuable data.
Good SAP monitoring tools will have report scheduling, automation, and other features like the ability to download the report for deep analysis.
The Best SAP Monitoring Tools
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Using the above criteria, here are the three best SAP monitoring tools available today:
1. Approyo
Approyo’s Overwatch is an intelligent enterprise monitoring system that helps with SAP management. It also monitors complex tasks to make sure a business reaches its desired success. Overwatch can help businesses gain complete control over IT infrastructures like cloud applications, servers, networks, and more. In addition, there are features like predictive analysis and application monitoring to help businesses monitor SAP without sacrificing any important features.
What sets Approyo’s Overwatch apart from others are the powerful automation tools that help manage all the valuable aspects of SAP easily and efficiently. It provides advanced hosting and managed services, along with more than 500 SAP environments. Businesses can receive support for everything from production landscapes to migrations onto SAP S/4 HANA.
2. DynaTrace
DynaTrace simplifies the cloud complexity and manages SAP with several useful features. It also adopts artificial intelligence across full-stack to deliver a secure digital experience.
The user experience, however, is not that good. The initialization process is complicated, and it takes a lot of time to both setup and provide transactions. In other words, setting up can be difficult, especially for beginners who aren’t trained for it.
3. Avantra
Avantra is an automated SAP monitoring tool that focuses on intelligent automation. The tool’s user experience is great, and the advanced reporting functionality is very beneficial for companies. Moreover, Avantra also provides graphs, which make it easier for companies to get complete control over each aspect of SAP.
On the other hand, when it comes to the notifications that Avantra provides, they are usually hard to understand and can get cluttered easily. This makes troubleshooting quite difficult.
Which SAP Monitoring Tools Should Your Company Be Using?
The end goal for any company is to provide quality service to customers while remaining profitable. Monitoring SAP performance can generate valuable insights for a business.
SAP monitoring tools are quite important because they relieve employee stress, eliminate unnecessary manual work, provide valuable data, and save a ton of money for companies. Selecting the right tool is also essential to leverage growth.
The best solution for every business is an in-depth SAP monitoring tool that has multiple functionalities. Those in need of a tool that has all the necessary features for SAP success can check out Approyo today.
As businesses move from on-premises infrastructure to the cloud at ever-increasing rates, the current pace of cloud transformation seems near unstoppable. And the stats bear this out. The global digital transformation market—valued at $594.5 billion in 2022—is expected to reach $1,548.9 billion by 2027. That’s a CAGR of 21.1%.
Cloud computing is enabling businesses of all sizes to achieve economies of scale. But for some, the transformation process still appears daunting. In truth, without adequate preparation, the outcome of the move may not supply the desired results. Further, with inflation rising, is it going to be worth the cost and the effort involved?
This article looks at why prioritizing the digital transformation journey is key to achieving strategic goals and improving a company’s bottom line.
What is Cloud Transformation?
Cloud transformation refers to moving all of an organization’s data, applications, software, and IT infrastructure from local servers to the cloud. It’s not to be confused with cloud migration,which involves transferring only a portion of these assets to the cloud. Cloud transformation goes much deeper, and it can end up being quite a lengthy process.
Primarily, cloud transformation leverages the advanced capabilities of the cloud to support long-term business growth. This is a valuable tactic, which saves money, accelerates time-to-market, and streamlines business processes—among other benefits.
A successful transformation strategy goes beyond modernizing a company’s existing systems. Rather, the cloud-first approach offers a whole new way of running a business. This means any new service or application gets automatically deployed to the cloud. In addition to eliminating any additional work required to migrate the system later, it has the advantage of letting companies start using and gaining value from their new system right away.
Does Your Company Need Cloud Transformation?
There are tremendous opportunities in the cloud—especially considering the vast capabilities it provides. Though levels of utilization and transformation will likely vary across industries, cloud transformation is vital to ensuring that companies remain relevant in a competitive economy.
When evaluating whether this approach is beneficial, there are a couple of factors companies need to consider:
Manual processes slow business operations and eat away at the bottom line. By contrast, cloud computing provides tools to automate these procedures so that staff can focus on other priorities.
The speed at which companies release products impacts their success. Cloud transformation gives developers tools to help automate and speed up product releases and new features.
The Benefits of Cloud Transformation
Cloud transformation is more than the latest technology. It’s a strategy that allows companies to operate a more streamlined and efficient business workflow. One that sets them up for success. Using this approach gives organizations several advantages, explored in more depth here:
Enhanced Scalability and Business Agility
With companies in a race for the top spot, they need access to technology and enabling resources immediately. Running their operations via cloud computing helps businesses add and remove services on demand—securing resources in minutes rather than days. Cloud computing also lets firms take advantage of the rapid release of new features using DevOps processes, meaning they can automate the build and release cycle.
Modernize Legacy Systems
Legacy systems such as System Applications and Products in Data Processing (SAP) still play a role in many organizations. As such, companies must continue to support their capabilities. This scenario can be dealt with in several ways—two that are common to cloud migration planning.
First, using cloud technology can help companies rewrite the entire system. Unfortunately, many legacy systems were written using outdated coding languages. Thus, finding resources with these specific skills can be a challenge. Moreover, most businesses consider it too time-consuming and costly to rewrite the system.
The second option is to take advantage of system integration tools to connect legacy apps to other systems in the cloud. With this approach, companies keep the core functionality of the legacy while still being able to take advantage of some of the cloud’s newer features.
Improved Disaster Recovery and Data Backup
Using cloud technology for information storage lets companies put their data in a safe, offsite location. The immediate benefit here is cost-related, as storing data in the cloud is cheaper than buying equipment to back it up onsite. And, with on-demand provisioning, storage space can easily scale as needed.
Service interruptions lead to lost revenue. However, a proper disaster recovery option can help a business recover their data quickly. With an offsite backup strategy, there’s no delay in accessing the data to get operations back online—fast.
Better Reliability
Clouds are designed in a way that distributes workloads across multiple servers and geographic locations. That way, businesses aren’t relying on one server. The result is near 100% reliability in running their systems.
Cloud Transformation: Does it Matter to Your Bottom Line?
Cloud computing enables companies to modernize business processes to make them more efficient. This means lower labor costs. Moreover, it helps to accelerate time-to-market and release products to customers quicker than their competitors. The result is a first-mover advantage—that is, the company captures revenue before competitors catch up.
As cloud resources such as computing power and storage are charged on a pay-per-use model, companies only pay when they use those resources. In addition, software licensing is more affordable in cloud computing. Instead of purchasing bulk licenses, companies are able to add or remove licenses as they grow. This new operating model also saves on infrastructure costs. There’s no need to purchase equipment as the cloud provider already owns and manages the infrastructure.
Lastly, cloud transformation gives businesses advanced tools to innovate. The process of innovation fuels new products and even new markets, translating to higher growth rates for the organization.
Optimize Cloud Transformation Strategies With Approyo
Cloud transformation is a valuable business strategy that helps companies to compete in today’s digital-first environment. With this approach, companies can use advanced technology to improve agility, modernize outdated systems and processes, and achieve first-mover advantage. These benefits positively impact the bottom line and help companies reach their long-term goals.
Approyo is a full SAP service technology company with extensive capabilities in cloud transformation strategies. Their team of experts has decades of experience helping companies achieve more through cloud computing. Reach out to Approyo to find out more.
You may have heard of a new type of network that’s been touted as the future of the internet. The virtual cloud network (VCN) works privately anywhere on the internet, eliminating the constraints of on-premises networks. In fact, operating a VCN is like having both your own network for cloud computing and on-premises computing.
The VCN gives you freedom as well as control. You can use your own private and public IP addresses, modify routing tables and subnets, and employ sophisticated firewalls. The technology combines security and speed to handle modern demands.
Approyo is the leading full SAP service provider. Thanks to their expertise in cloud solutions, they can assist you with virtual cloud networks as well as public and private cloud deployments.
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What is a Virtual Cloud Network (VCN)?
A virtual cloud network is a method of connecting IT resources that extend throughout the internet rather than only in a limited area. You essentially have a private network that encompasses hardware and software—anywhere!
Virtualization means the network is no longer defined by a physical space, such as a data center. Thus, VCNs are virtual in the sense that they use software instead of hardware to delineate the network. This allows the network to spread across the cloud, yet you retain control over resources within the network.
A virtual cloud network requires far less tangible equipment than a conventional one because network-related activities are handled via software. For your organization’s users, it’s as if they’re on the network—regardless of whether they connect from work, home, or anywhere else. Should you want to keep specific resources apart, you can also use multiple separate VCNs. For example, creating different networks for different departments.
The types of resources you’ll find on a virtual cloud network include servers and virtual machines (VMs). The virtual network functions much like a conventional network, except that it’s in the cloud. This makes it far faster and easier to add capacity: you simply provision new resources.
How Does a Virtual Cloud Network Work?
A virtual cloud network comprises a mix of the public cloud and the private cloud. While a public cloud normally rents out the provider’s hardware and services to many clients, a private cloud serves a single organization. The VCN works by using public cloud resources but blocking off a subnet for each client’s exclusive use.
As an example, suppose that a large public cloud provider offers customers a virtual cloud network service. Although the service runs over the provider’s public cloud infrastructure, the company separates an IP subnet for each customer. Therefore, a rented subnet appears as your own private cloud.
Instead of wiring together a traditional network, a VCN uses software to achieve connectivity. The software does the equivalent of routers and switches, creating a digital network that runs on top of the physical network.
With a virtual cloud network, you can connect laptops and desktops—as well as internet of things (IoT) devices—from any location. Another advantage is being able to connect an entire physical network that you already run, such as the network in your offices, to the VCN. It’s like having a private office network with a global reach.
The Benefits of a Virtual Cloud Network
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A virtual cloud network offers numerous benefits, ranging from performance to cost. Generally, VCNs are known to provide superior connectivity compared with traditional networks. You can drastically decrease the amount of cabling and hardware you manage while also extending your network’s scope.
In addition, virtual cloud networks are simpler to manage. This is because you’re able to control all your physical networks, no matter how remote, from a single location. For instance, you could automatically update devices on some or all parts of your network—as well as test the security of any hardware and software—from a central office.
The lower costs of a virtual cloud network stem in part from its centralized network management. Instead of having to send people to fix problems in different places, you can solve everything from a single place.
Because you can easily reconfigure and reroute your network, it becomes more flexible. The software gives you complete control. That’s a huge advantage over physical networks, which are costly to restructure, even when it’s feasible. Moreover, it’s much faster and less expensive to expand a VCN because it’s done via the software.
VCN and Cloud Transformation: Why It Matters
With an ever-increasing number of companies moving their IT resources to the cloud, virtual cloud networks have a lot to contribute. Using your own high-speed, low-cost VCN improves agility. Your applications will run better, thus supporting your organization’s overall performance.
Virtual cloud networks encourage organizations to innovate and out-compete. Customers nowadays expect quicker and better services, as well as additional security, and the pressure is on to move to the cloud. VCNs are an integral part of this transition.
Virtual cloud networks offer a solid base by making the cloud a “home” for your organization. They provide widespread access to computing resources with the necessary speed and security. Defining networks in software offers precisely the flexibility that cloud transformation demands.
Upgrade Your Cloud Network with Approyo
A virtual cloud network, or VCN, is a new type of network that’s quickly gaining prominence. It uses public cloud resources to deliver the functionality of your own private network. By utilizing the breadth of the internet rather than just your local facilities, you’ll enjoy the performance and cost benefits of scale.
The use of virtual cloud networks is expanding, as more organizations choose the twin advantages of control and adaptability. Indeed, VCN technology is becoming an integral part of the cloud transformation process for many companies.
When you’re making the move to a virtual cloud network, it helps to work with an experienced IT service provider. Approyo has decades of experience supporting companies with their IT needs—including more than 1,000 SAP environments under management. Tell Approyo about your requirements and they’ll work to deliver a top-notch solution!
Companies looking to manage or upgrade their key business processes now have two SAP products available as enterprise resource planning (ERP) solutions: SAP S/4HANA and SAP ERP Central Component (often shortened to SAP ECC). When deciding between SAP S/4HANA vs SAP ECC, it’s important to consider their similarities and differences. An assessment of the two products will help you decide which works better for you today—and tomorrow.
As SAP ECC has been around longer, it’s likely to appeal more to the immediate business requirements of today. However, SAP S/4HANA is the newer solution—meaning it can build a solid foundation for tomorrow’s business needs. Moreover, it incorporates artificial intelligence and other advanced technologies. As a result, there’s a long-term reward for migrating to S/4HANA.
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What is SAP ECC?
SAP ECC is the previous enterprise resource planning product by SAP. It remains available while the current product, SAP S/4HANA, develops its customer base. SAP ECC works on-premises: your organization installs and runs it on servers in your own facilities.
With SAP ECC, you can combine data from different business functions. For example, it enables you to store data from sales, marketing, finance, and production—all on the same database. This helps to simplify business processes, as you don’t need to use multiple products.
As with most traditional databases, SAP ECC stores data on a disk. You can also add other products from the SAP Business Suite to expand the database’s functionality—for instance, tools such as supply chain management (SCM) and customer relationship management (CRM) software. Medium-sized and larger companies are currently the main users of SAP ECC.
What is SAP S/4HANA?
SAP S/4HANA is the newest enterprise resource planning product from SAP, and the replacement for SAP ECC. Thanks to a database that is stored in-memory, SAP S/4HANA is considerably quicker. Further, the software is a complete rewrite designed for the similarly named SAP HANA database management system.
SAP S/4HANA can run in the cloud, on-premises, or as a hybrid. This gives you a range of options, from running it in your own facility to hosting it partly or even entirely online. SAP S/4HANA has many of the same features as SAP ECC, and serves a similar market. There are, however, sizable differences in their underlying architectures and performance abilities.
SAP S/4HANA vs SAP ECC: Which One is Right For You?
The choice of SAP S/4HANA vs SAP ECC is one that will affect your present and future operations. Bear in mind that SAP ECC is scheduled to be phased out by 2027. As such, businesses thinking of the future might want to focus more on SAP S/4HANA.
Likewise, companies that are not prior users of SAP software are advised to opt for SAP S/4HANA, as it is the latest and fastest product. On the other hand, if you are already running SAP ECC, it makes sense to do a more gradual transition, because upgrading to SAP S/4 HANA can be somewhat complex.
An expert SAP service provider like Approyo can help make your transition easy. With over a thousand SAP environments under our management globally, our experience can help you decrease your costs, eliminate risks, and ensure a successful transition.
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Similarities Between SAP S/4HANA and SAP ECC
SAP S/4HANA and SAP ECC have several important features in common. For a start, they both assist companies in performing essential business activities like manufacturing, sales, procurement, distribution, and accounting.
Additionally, both of these solutions centralize an enterprise’s data in one database, rather than dispersing it across various applications’ databases. They also standardize how people read and write data throughout the organization. All of these benefits make it practical for larger companies to maintain stable and accurate records.
Another similarity between SAP S/4HANA and SAP ECC is that they’re both modular. With either of these systems, you can add the components you need. This lets businesses make customizations for their particular requirements.
These similarities encompass the vast majority of the products’ functionality. This means you can technically run a business with either solution. Nonetheless, they also have their share of dissimilarities. As a result, you will not experience the same level of performance across both solution.
Key Differences Between SAP S/4HANA and SAP ECC
The main differences between SAP S/4HANA and SAP ECC have to do with the database. While SAP ECC ran on several types of database management systems—including some from third parties—SAP S/4HANA exclusively runs on SAP HANA.
SAP designed S/4HANA to extract the optimal performance out of SAP HANA. While this reduces the selection of database providers, the outcome is a much faster system. Calculations are generally done in-memory, which is substantially quicker than the disk-based calculations of most other databases. The new system also combines analytical and transactional operations in a single database.
SAP S/4HANA also includes what SAP calls “intelligent technologies,” such as machine learning. These serve to boost your company’s agility in responding to market conditions as well as pushing innovation. As such, you’ll be able to automate a variety of tasks and have access to valuable business intelligence.
There are also some less obvious differences. For instance, while SAP ECC uses separate files for a business partner’s activity as your customer and as your vendor, SAP S/4HANA combines both of those aspects into a single file.
Upgrade to SAP S/4HANA with Approyo
Given the upcoming end-of-life for SAP ECC, companies will be compelled to upgrade to SAP S/4HANA over the next few years, no matter what. Since this newer solution contains key technologies to meet modern business demands, you may well be better off starting the migration sooner rather than later.
SAP S/4HANA is a complete rewrite of the enterprise resource planning system. This allows it to offer some incredible new features, such as artificial intelligence and high-speed, in-memory calculations.
However, it also entails a complex upgrade path. Companies that work with a proven partner will enjoy a smoother upgrade and superior return on investment.
Approyo is the leading SAP service provider for your SAP needs. Whether you are upgrading from SAP ECC or any other database system, they can help you reach and exceed your goals. With its revolutionary design, SAP S/4HANA is able to run fast, offering real-time analytics on big data. Take advantage of the most innovative solution on the market. Talk with Approyo now.
