From the Wires
SAP S/4HANA® Enhancements Accelerate Digital Transformation Adoption
The SAP S/4HANA® 1610 Release Increases User Productivity Across Industries, Improves Supply Chain Performance and Simplifies IT Landscapes
By: PR Newswire
Oct. 31, 2016 11:11 AM
WALLDORF, Germany, Oct. 31, 2016 /PRNewswire/ -- SAP SE (NYSE: SAP) today announced the SAP S/4HANA® 1610 release, the latest enhancement to SAP's next-generation ERP business suite. By utilizing a simplified data model and the award-winning SAP Fiori® 2.0 user experience, the new release helps reduce complexity and unleash the next wave of business productivity. Through prediction and pattern recognition capabilities, along with machine learning, SAP S/4HANA lays the foundation to reduce exception management for more routine transactions, empowering the workforce to focus on higher-value tasks with embedded analytics and real-time insights.
"With this third major on-premise release of SAP S/4HANA, companies of all sizes can take advantage of innovations offered across lines of business and industries," said Wieland Schreiner, executive vice president, SAP S/4HANA, SAP. "Innovations in line of business and industry functionality allow companies to realize productivity gains and dramatically simplify their IT landscapes. SAP S/4HANA is the digital core that helps companies run live in today's digital world."
Digitizing the Extended Supply Chain
For example, supply chain planners can expect advanced warning of impending material shortages based on inputs from internal and external data sources. With real-time insights, companies can confidently target segments of one with high-value service-based offers, knowing more precisely their ability to profitably fill demand. To help companies manage in the digital world, the following core supply chain enhancements are included in the new release:
"We participated in the guided beta for the SAP S/4HANA 1610 release, completing the upgrade from SAP Business Suite powered by SAP HANA ECC EHP 8 to 1610 in 10 working days," said Arnab Mukherjee, manager of enterprise applications, Varian Medical Systems. "We are looking forward to fully deploying SAP S/4HANA 1610 in 2017 as the solution now includes key components such as extended warehouse management and product portfolio management. The simplified data model and corresponding IT landscape are an exciting continuation of innovations such as universal journal, which helps eliminate reconciliation between financial accounting and controlling that first attracted us to SAP S/4HANA."
Unique Industry Functionality Designed Specifically for In-Memory Computing
Oil and gas industry customers can take advantage of upstream and downstream functions, including hydrocarbon product management, that are optimized for high performance on the SAP HANA® platform, as well as a real-time inventory planning workbench with enhanced simulation capabilities for supply chain scheduling, providing insight and flexibility to better meet the needs of end customers.
Additionally, the new release incorporates all features of the SAP S/4HANA Finance solution. Companies can transform finance processes by simplifying landscapes while still taking advantage of every innovation released for SAP S/4HANA Finance, from easily accessing the most-granular level of detail to performing simulations on live data.
For more information, visit SAP S/4HANA.
Watch "The Spin" to see how SAP S/4HANA is helping companies big and small win the race to go digital.
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as "anticipate," "believe," "estimate," "expect," "forecast," "intend," "may," "plan," "project," "predict," "should" and "will" and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP's future financial results are discussed more fully in SAP's filings with the U.S. Securities and Exchange Commission ("SEC"), including SAP's most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.
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SOURCE SAP SE
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