Intelligent Finance with SAP S/4HANA 1809

SAP S/4HANA is the digital core – the nerve center – of your entire business. It consolidates internal and external elements into a single, living structure that goes beyond traditional ERP. In other words, it connects all of your processes, provides you with live information and insights, and seamlessly integrates your enterprise with the digital world at large.

Finance on SAP S/4HANA is a set of comprehensive solutions designed to help the office of the CFO meet the demands of a digital economy. It is part of the market-leading, best-in-class finance solution portfolio from SAP, built on a modern digital core that harnesses the benefits of the SAP HANA platform.

Increasing efficiency in operational finance with next generation automation scenarios
With the SAP S/4HANA 1809 release SAP has added multiple new highly automated scenarios lifting the level of automation to the next level:

• The goods and invoice receipt reconciliation process, not only all relevant information is brought together in just one screen, but by integrating our digital assistant into the process, users experience a much more fluent collaboration. All aimed at quicker and more efficient reconciled items. On top of that, we planned for October complementing machine learning capabilities to add pro-active recommendations to resolve specific issues.

• As part of the evolution towards a continuous close, the introduction of a new highly automated process supports us in making the accrual management process not only more efficient but more accurate as well.

With SAP S/4HANA 1809 release, further enhancements are added to enable a more complete real-time margin analysis, including predictions through:

SAP further improved our real-time margin analysis with integrating profitability information in the universal journal

The introduction of predictive accounting, which unlike mathematics-based predictions make use of the already available document flow to predict financial results of the future

To cope with a changing organizational view, responding to the need for better insights not only for entity but also at the business unit or group level in a more automated way, new key components are being introduced:

• Group reporting – The need to deliver accurate, up-to-date financial information continuously in a company’s consolidation process is not limited to the level of an individual entity. Therefore, SAP has introduced the SAP S/4HANA Finance for Group Reporting solution which provides direct access to the underlying transactions and detail across the entire enterprise so that a company can confidently and efficiently consolidate their financial and managerial results required in their closing cycles. It enables organizations to extend this evolution towards a continuous financial close on group level. It provides unprecedented transparency by delivering a complete flow of collection, processing, analysis and publication of the information.
• Embedded analytics – Most finance professionals will agree that it is often cumbersome to get interesting information out of their ERP system. Additional capabilities have been added to support business users in getting insights more flexibly and efficiently, so they can concentrate on acting on the information, rather than investing time in number crunching.
• Tax service – Global tax regulations get more diverse, complicated and change more often than ever before. Keeping up with the pace of change, typically in multiple systems, is a challenge. SAP’s response is a central tax determination engine with rules and rates maintained by SAP or its partners. With the SAP S/4HANA 1809 release, emphasis has been placed on enabling self-service tax management, facilitating an organizations chosen approach to reduce the risks and costs of inaccurate calculations and liability from non-compliance.

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How can the Intelligent Enterprise impact the Manufacturing Industry

The market is experiencing a disruptive shift in customer demand for new, extensive, smart, and personalized products. Sellers are constantly reducing buffer inventory with obsolescence risk in mind. Manufacturers are competing to meet this challenge and provide individualized products in similar lead times and cost as off-the shelf products. This creates tremendous complexity for the manufacturing operations team, yet at the same time, companies are looking for growth and profitability while maintaining high quality and sustainability.

To meet these demands, manufacturing is being used as a strategic pillar, becoming more collaborative, localized, automated, integrated, and highly adaptive. Companies are adopting digital manufacturing strategies and solutions to seamlessly connect relevant business stakeholders, information and operational processes in real time. Digital manufacturing simultaneously improves responsiveness and efficiency which drives growth, while decreasing cycle time and cost. Leveraging technologies like 3D printing, cloud, machine learning, and the Internet of Things (IoT) is increasing agility and extending the manufacturing network. Digital manufacturing has become a strategic differentiator.

SAP solutions powered by Approyo enable companies to integrate and embed intelligence in manufacturing processes facilitating Industry 4.0 principles with one source of live information. They provide an optimal coordination of planning and execution processes, covering all aspects of the manufacturing cycle from planning to shop floor and beyond.

Reduce manufacturing cost by increasing output and gaining real-time visibility into quality and costs
Increase plant output with improved planning and visibility into equipment utilization while also reducing the inventory held for manufacturing. Have a real-time and drillable view of the performance metrics of all the production facilities globally. This enables identifying and implementing global manufacturing best practices.

Reduce revenue loss due to plant fulfillment issues by agile planning and production orchestration
Gain the ability to respond to demand and confirmed order changes. Live inventory data and drastically reduced material requirements planning (MRP) processing time improve transparency and responsiveness. The planning system simplifies constraint based capacity planning by bringing together material and capacity constraints. Improve production tracking, labor shortage, first pass yield, and equipment availability to ensure on-time delivery.

Increase revenue growth by mass manufacturing of individualized products and 3D printing
Produce personalized products ordered by customers with minimal human intervention. Product genealogy for every unit is maintained in the system for service and compliance needs. Collaboration with Origin Equipment Manufacturer (OEM) and contract service providers enables fulfilment of custom orders faster, while reducing inventory levels, time to market, and
waste.

Reduce scrap and rework cost by empowering the workforce to take informed decisions
Gain immediate insights on planning, execution, quality, with analysis at the finest level of granularity available on mobile devices. Supervisors can analyze and take immediate actions on their mobile devices.

Protect people and the environment and reduce manufacturing downtime by proactively managing operational risk
Provide critical safety information to all employees – top floor to shop floor – to create an effective safety culture. Establish a holistic approach to embed safety and operational risk management into all of your operations.

Reduce manufacturing-related IT cost by using an integrated set of solutions
With SAP S/4HANA as the digital core, integrate seamlessly with the manufacturing execution suite and manufacturing network solutions (digital manufacturing insights, distributed manufacturing). This reduces the cost to develop and maintain digital manufacturing capabilities.

Read the full blog post on www.approyo.com 

Digital Supply Chain - New innovations with SAP S/4HANA

Supply chains are now a competitive differentiator based on their speed, agility, and insight. Customers’ unique needs must be met with personalized products, new business models, greater intimacy through Internet of Things insights and deeper real-time prediction and intelligence across the enterprise.

Intelligent enterprises across all industries are focused on business outcomes and innovation by leveraging an intelligent suite of applications, intelligent technologies, and digital platforms. Discover how SAP S/4HANA and other supply chain solutions from SAP can help your business turn digital innovation into a competitive advantage.

Prediction of stock-in-transit arrival
The ability for warehouse managers to predict the arrival date of a shipment and manage delivery delays. Prebuilt set of KPIs supports robust analytics for the business scenarios. Early and efficient visibility for stock transport orders that leads to reliable processes for planning and scheduling of goods in transit.

Real-time Inventory
Live inventory management that enables unlimited simultaneous material movements and true transparency on inventory and material flows. Decreased stock buffers due to better transparency and insights.

Advanced ATP
Intelligent, real-time product availability check for sales, planned, and production orders. Includes scalable available-to-promise (ATP) for managing large transaction volumes and flexible allocation management capabilities. Provides back-order processing with intuitive priority classification and interactive exception handling.

Improve production planning
Coordinate manufacturing operations across your organization including material requirements, logistics, and receipts for proper material handling, work in process, and inventory. You can also make plan adjustments based on real-time information from the enterprise, suppliers, and the plant floor.

Accelerate manufacturing workflows
Plan and schedule maintenance tasks synchronizing labor, material, equipment and schedules. Execute planned and unplanned maintenance to ensure optimal operations including improved safety and environmental impact.

Single platform for warehouse management
Reduced TCO by landscape simplification through native warehouse management with SAP S/4HANA; a single warehousing platform for all warehousing operations, including optimization, automation, and labor management.

Single platform for transportation management
Reduced TCO by landscape simplification through native Transportation Management with SAP S/4HANA; a single platform for transportation management with basic and advanced shipping functionality and real-time embedded analytics.

Demand-Driven MRP (DDMRP)
Dynamic planning of replenishments with demand-driven MRP (DDMRP) that is fully integrated into existing MRP concept. Replenishment only for real demand and introduction of buffers at strategically important points.

New security and privacy features in SAP HANA 2.0 SPS 04

SAP recently announced the release of SAP HANA 2.0 SPS 04. SAP HANA 2.0 SPS 04 includes a mix of new and continuous innovations across the themes of database management, data management, analytical intelligence and application development.

The new SPS 04 release of SAP HANA 2.0 provides important security and privacy enhancements addressing these challenges:

• Data anonymization KPIs increase transparency for decision makers when assessing anonymization scenarios, easy-to-understand new controls simplify the setup of anonymization views, and l-diversity enhances the k-anonymity method
• Audit retention policies let you specify a retention period after which audit log entries are automatically deleted
• Simplified authorization troubleshooting gets SAP HANA users up and running again quickly and with less administrative overhead

Data anonymization extensions
SAP HANA data anonymization, which was introduced with SAP HANA 2.0 SPS 03, allows you to get analytical insights from data while protecting the privacy of individuals.

With the new release, SAP HANA introduces anonymization KPIs that help decision makers to assess critical variables for risk and utility. This makes it easier to achieve the right balance between the goals of protecting data privacy while ensuring that the anonymized data remains useful.

Real-time data anonymization was released with two anonymization methods: differential privacy and k-anonymity. Now l-diversity has been added, which is an extension to k-anonymity and provides additional protection for data sets with homogeneous sensitive attributes.

The setup of k-anonymity has also been simplified with the automation of generating hierarchies for generalizing quasi-identifying attributes, and data scientist can now control additional parameters when setting up anonymization views.

And finally, SQL views are now supported for data anonymization – previously only calculation views were available.

Audit retention policies
Fine-tuned retention management is an important building block for compliance. You can now specify a retention period after which audit log entries of individual audit policies will be automatically deleted.

But compliance requirements are not the only reason why you might want to delete audit log entries: you can of course also use this new functionality to free up database space, delete audit log entries that simply are no longer needed.

Simplified authorization troubleshooting
Authorization is a cornerstone of controlled access in SAP HANA. Defining authorization concepts requires careful thought and consideration. If authorization errors occur in either the test or productive landscape, they need to be quickly resolved so that users can access the database objects they require. The new authorization troubleshooting features introduced in SAP HANA 2.0 SPS 04 aim to simplify troubleshooting by adding two new techniques.

Learn more at: https://blogs.sap.com/2019/04/08/address-business-challenges-in-security-and-privacy-with-sap-hana-2.0-sps-04/

How can the Intelligent Enterprise impact the Retail Industry

The digital economy is disruptive. Retailers need strategic priorities that drive transformation. SAP powered by Approyo supports a reimagined set of end-to -end business scenarios to support the strategic priorities of serving the digital consumer of today.

Radical change in the retail industry is occurring at a rapid pace. Changes in technologies, in business models, and in standards and with the ever-evolving customers require constant adaptation. Retail companies must be able to respond to rapidly changing conditions and offer targeted customer engagement at scale. How does a digital core with a true single source of truth help?

Stability and flexibility
A digital core is an IT architecture that offers stability and long-term reliability for core enterprise processes, yet also provides the flexibility to adapt quickly to new opportunities, challenges, and regulations. This solid foundation gives you a single source of truth with tailored real-time views delivering customer and business insights and enables flexibility for innovation to accommodate new business models, new regulations, and business events, such as mergers or acquisitions.

Immediate response
The ability to respond quickly is an essential part of managing a retail company. To do this, simulation, prediction, and analytical capabilities are important components. Data is critical for gaining the insight to make decisions. This insight must be at a granular level, so that decision-makers have the detail they need to understand trends, opportunities, and risks and quickly carry out what-if analysis using predictive algorithms.

Embedded intelligence
Innovative retailers leverage new technologies to support their digital transformation strategies and respond effectively to both encroaching competitors and new demands of the digitally empowered customer. Improved processing power is making machine learning applicable in more and more retail areas, enabling further optimization and automation of business processes as well as more impactful, personalized, and contextual consumer experiences.

Integrated and connected to the outside world
To take advantage of new opportunities and better meet individual needs, retailers must address end-to -end (E2E) processes across departments and lines of business to deliver on new customer experiences, products, and services. The Internet of Things (IoT) lets them connect to the outside world, driving unprecedented efficiency and optimization as well as new levels of customer connectivity and new retail business models.

Enhance and Extend Next-Generation Processes with Intelligent ERP
Bringing SAP S/4HANA and the SAP Leonardo technologies together as a digital core results in a more flexible and intelligent enterprise. To achieve next-generation business processes, retailers need an intelligent ERP solution that can be continuously enhanced and extended with innovative business services and applications built on emerging technologies, including machine learning, block chain, and IoT. Intelligent ERP is immediate– empowering business users with insights to act in the moment; it is intelligent– going beyond automation to predictive suggestion; and it is integrated– not only between your departments, but for consumers and suppliers alike.

Approyo CEO Chris Carter to speak at the 2019 CloudEXPO

We are excited to announce that Approyo CEO, Chris Carter will be speaking on Wednesday, June 26 at the CloudEXPO in Silicon Valley. Chris's session, The Growth of Cloud Usage in the ERP World, will dive deep into the enterprise cloud computing world.

The Growth of Cloud Usage in the ERP World
GCP, Azure and AWS are dominating the "cloud" world, well now they are attacking the Enterprise with partnerships with SAP. Learn how and why these cloud firms see the enterprise ripe for the attack.

Wednesday, June 26, 4:20pm - 4:55pm
Register: https://sched.co/K6Ut

About the Cloud Expo
Now is the time for a truly global DX event, to bring together the leading minds from the technology world in a conversation about Digital Transformation. DX encompasses the continuing technology revolution, and is addressing society's most important issues throughout the entire $78 trillion 21st-century global economy.

DXWorldEXPO® has organized these issues along 10 tracks, 22 keynotes and general sessions, and a faculty of 222 of the world's top speakers.
DXWorldEXPO® has three major themes on its conference agenda:

Technology - The Revolution Continues
Economy - The 21st Century Emerges
Society - The Big Issues

Global 2000 companies have more than US$40 trillion in annual revenue - more than 50% of the world's entire GDP. The Global 2000 spends a total of US$2.4 trillion annually on enterprise IT. The average Global 2000 company has US$11 billion in annual revenue. The average Global 2000 company spends more than $600 million annually on enterprise IT. Governments throughout the world spend another US$500 billion on IT - much of it dedicated to new Smart City initiatives.

For the past 10 years CloudEXPO® helped drive the migration to modern enterprise IT infrastructures, built upon the foundation of cloud computing. Today's hybrid, multiple cloud IT infrastructures integrate Big Data, analytics, blockchain, the IoT, mobile devices, and the latest in cryptography and enterprise-grade security.

Digital Transformation is the key issue driving the global enterprise IT business. DX is most prominent among Global 2000 enterprises and government institutions.

How can the Intelligent Enterprise impact the Construction Industry

The digital economy is disruptive. Construction companies need strategic priorities that drive transformation. SAP solutions powered by Approyo supports a re-imagined set of end-to-end (E2E) business scenarios to support the strategic priorities of working in a digital environment.

$15.5 trillion –that is the projected size of the construction market by 2030, up from $8 trillion today. A recent study expects that 75% of the infrastructure that will exist in 2050 does not exist today, and that the design and expected outcomes will be transformative. This is a huge opportunity for the construction industry; however, projects are getting more complex, and there are many inefficient and wasteful practices. Successful companies grow by increasing market share, self-performing to a greater extent, expanding internationally, and even operating some of the assets they build. How does a digital core with a true single source of truth help?

Responding to rapid changes
To execute on this, engineering, construction, and operations (EC&O) firms not only need to re-engineer their business processes, but they also need to evaluate if they have the right technology platform that can deliver on that vision. This platform requires an IT architecture that provides both stability and long-term reliability for core enterprise processes, and, at the same time, allows for flexibility in areas where change is happening on a constant basis. The digital core provides uninterrupted, real-time transactions and analytics, the ability to work with Big Data, and connectivity to line-of-business (LoB) extensions that enable supporting processes such as sourcing networks. This seamlessly connects project progress and financial controls, aiding transparency and profitability and better enabling partnerships and new models such as integrated project delivery contracts

Addressing innovative opportunities
The construction industry can apply technology and best practices that have been previously proven in the industrial sector. This industrialization of construction enables reliable outcomes and improves margins by increasing productivity, eliminating waste and surprises, and greatly reducing project risk. Existing business models collapse as “construction-ready,” disruptive technologies – such as robotics, enterprise mobility, virtual design and construction, and 3D printing –redefine design and processes. To remain competitive, new contract and service models such as integrated project delivery and public-private partnerships are required. Construction is ready to experience the dramatic productivity gains seen in other industries while vastly compressing the 50-year evolutionary process that took place in manufacturing

Enhance and extend next-generation processes with intelligent ERP
Bringing SAP S/4HANA and SAP Leonardo technologies together as a digital core results in a more flexible and intelligent enterprise. To achieve next-generation business processes, companies need an intelligent ERP solution that can be continuously enhanced and extended with innovative business services and applications built on emerging technologies, including machine learning, blockchain, and the Internet of Things (IoT). Contractors that have big innovation appetites or prefer to be early adopters have already begun this journey.

Read the full post at www.approyo.com