With the digital transformation reinventing the way how business is done, the global economy is evolving. Half a century ago, established companies could milk the cash cow over and over. However, in today’s fast-changing world, creative destruction and disruptive technologies pose a stalemate to this corporate longevity. The dwindling life expectancy of companies in the fortune 500 from a whopping 75 years to less than 15 years, as reported by the leadership guru Steve Denning reflects a paradigm shift in the corporate sector.
The actuality that companies like Facebook, Uber, Airbnb, and Alibaba comprise a significant share of market capital of the stock index stacks across the globe reflects how the world is led by fast and smart innovators, hungry for success and ready to disrupt well-established markets.
Still, wondering why leverage your company to SAP S/4 Hana project development? The main factor all businesses need to survive in today’s environment is speed and innovation. SAP S/4HANA enterprise resource planning (ERP) system comes with built-in intelligent technologies, including AI/ML, and advanced analytics. SAP S/4HANA transforms business processes with an incredible in-memory database that offers real-time processing speeds, a radically simplified data model, and intelligent automation.
- A 50% reduction in data footprint (thanks to the in-memory columnar database)
- OLTP [On-Line-Transaction-Process] & OLAP [On-Line-Analytical-Processing]
- 100 times faster reporting for resilient decision making
- Streamlined data display that eliminates clunky aggregates and indexes
- Better workflows with Industry-specific business processes
- Consumer-grade UX across devices to increase productivity
- Flexible deployment options that offer reduced FTEs and faster implementations
SAP S/4HANA cloud offers lower TCO, faster time to value conversion, and the flexibility to address disruption without high upfront investment. Only SAP S/4HANA offers a steady, ingenious ERP solution across cloud and on-premise deployments that work in total consonance to unlock new levels of execution across your organization. SAP S/4HANA permits native integration with other SAP solutions via the SAP Integration Suite.
The most simplistic answer to this question is on-premise offers maximum control, and cloud offers fast time-to-value. SAP S/4HANA Cloud edition is Software as a Service (SaaS) hosted on SAP’s servers and is maintained by SAP whereas SAP S/4HANA on-premise edition is an internal platform, located on your servers, maintained by your organization. SAP S/4HANA On-Premise comes with traditional licensing whereas the SAP S/4HANA cloud comes with subscription licensing. For Medium-sized businesses that need a high-performance offer that covers their core business objectives, but at the same time offers greater agility, versatility, and faster update cycle, the cloud version (updates quarterly rather than annually) is a good choice. The on-premise version of SAP S/4HANA is suitable for all industry companies that need a full range of features consolidated with highly versatile customization. For large companies with very well-proven business processes, the SAP S/4HANA on-premise version would be the best option.