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Business Partner Approach in SAP S/4HANA
23 February 2018
As part and parcel of the SAP S/4HANA Business Partner (Central Master Data) development team, one does come across many of the concerns during the process of migration from ERP to SAP S/4HANA. It is also essential to understand the business partnership approach before one goes on to SAP S/4HANA. Business Partner Approach In SAP S/4HANA, Business Partner is indeed the leading object and single point of entry to maintain Business Partner, Customer, and Supplier (formerly known as Vendor) master data. This is also to ensure the ease of master data maintenance and to also achieve harmonization between them. As compared to classical ERP transactions, maintenance of Customer and Supplier master data via Business Partner has many advantages: A legal entity is no doubt represented by one Business Partner. Business Partner does allow the maintenance of multiple addresses with corresponding address usages. In classical transactions, one customer can also only be associated with one account group. But in Business Partner there are multiple roles that can be associated with the same Business Partner. Maximal data sharing as well as reuse of data which does lead to an easier data consolidation. General Data available for all different Business Partner roles, there […]
Is The Market Pricing SAP Fairly?
1 June 2018
Software-based giant SAP has notably performed strongly over the past couple of years, with a nearly 11% annual growth in revenue. The revenue growth has been seen across various segments, SAP’s Cloud business performed remarkably. It continued to dominate the Enterprise Resource Planning software market, with majority customers adopting its S/4HANA platform since the time of its inception in 2015. Nearly 80% of its customers are still making use of the older platform and is expected to shift to the newer one in the near future, there is also tremendous potential which the company does expect to tap. Steps To Arrive At Our Price Estimate SAP does generate revenue from two segments: Cloud and Software revenue, and Services revenue. More and more companies are adopting cloud services and the overall cloud market has been expanding at a rather rapid pace. An SAP is indeed rapidly expanding its presence in the Internet of Things (IoT) space with its new products as well as partnerships. Recently there has been an addition of multiple Internet of Things (IoT) solutions to the SAP Leonardo digital innovation system thus highlighting the SAP’s renewed focus on enhancing its foothold in the IoT domain, which could indeed […]
What does SAP S/4HANA version 1709 have to offer?
12 April 2018
SAP has indeed released S/4HANA 1709 in September 2017, which happens to be its third release of S/4HANA core. The previous releases of 1511 and 1610 S/4HANA Enterprise Management had, of course, laid the building blocks e.g. core data-model changes, FIORI Analytical Applications; VDM’s starting of Integrated / Embedded Solutions. In the current release, SAP has no doubt added a few more pillars for digital transformation with IoT, Machine-Learning, Big Data Analytics apart from many others. What there is to know about SAP S/HANA? SAP S/4HANA has remarkably already reached a milestone of 1000 live customers and with each of the release, SAP is providing broader industry coverage and also goes to the platform for Digital Transformation. The core values in S/4HANA are still, of course, the same and untouched. S/4HANA is still outstanding in Real-Time Analytics, Simulation, and also being able to handle multiple dimensions simultaneously. Key Changes in the area of Finance SAP no doubt has had concrete plans to introduce a new soft close and prediction functionality that along with the financial closing cockpit does provide the ability to close the books making use of an abbreviated closing procedure. Key innovations in the SAP Logistics area SAP […]
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