Business software major SAP today announced the latest version of SAP S/4HANA Cloud for enterprise users.
The German technology company also shared its innovation road map for cloud enterprise resource planning (ERP) suite.
SAP S/4HANA Cloud
The new SAP S/4HANA Cloud features a new architecture of in-memory technology in combination with contextual analytics, digital assistant capabilities, machine learning and the SAP Fiori user experience.
The main gain for enterprise customers will include the quick adoption of business processes and models and action on real-time insight and advice.
SAP said its ERP offering offers enterprise-ready functionality for digital business in industry and line-of-business functions, with faster deployment, time to value and lower entry costs of cloud delivery.
IDC predicts that the software-as-a-service (SaaS) business applications market will grow 17 percent annually to $103.9 billion in 2020 from $47.4 billion in 2015.
“Decades ago, SAP invented and became the leader in first-generation ERP,” said Darren Roos, president of SAP S/4HANA Cloud. “Later, we were early to build first-generation cloud ERP along with other new cloud vendors. While many cloud ERP vendors remain on this early architecture, SAP did not stop there, and invested in innovating the next generation of cloud ERP.”
SAP can help companies to get a real-time view of business. SAP is managing digital core and offering integration with SAP’s solutions including SAP SuccessFactors for human capital management, SAP Ariba for procurement, SAP Hybris for customer engagement and commerce, Concur for travel and expense management, and SAP Fieldglass solutions for services procurement and external workforce management.
SAP S/4HANA Professional Services Cloud, SAP S/4HANA Finance Cloud and SAP S/4HANA Enterprise Management Cloud are part of SAP’s cloud ERP suite.
The quarterly updates by SAP include setup wizards that will grow intelligent with machine learning and artificial intelligence; prepopulated, easy-to-adjust settings; and additional cloud-to-cloud integration and external application programming interfaces (APIs).
In addition, SAP detailed plans for including blockchain digital ledger capabilities and Internet of Things capabilities that will support broader global, digital business models, as well as plans for partners to build localization and industry vertical extensions.