Today, German software giant, SAP, announced the general availability of the SAP S/4HANA Cloud 1808 release. SAP S/4HANA is the company’s staple intelligent Enterprise Resource Planning (ERP) solution, designed to cover all day-to-day processes of an enterprise, such as order-to-cash, procure-to-pay, etc.
With the 1808 release, SAP is truly showing that the company supports an intelligent enterprise suite by bringing more intelligence to the SAP S/4HANA Cloud with new machine learning use cases, predictive analytics as well as scenarios leveraging SAP’s digital assistant, the SAP CoPilot.
SAP S/4HANA Cloud for Finance
“In the area of Finance, we’re introducing Smart Alerts in SAP Financial Statement Insights with our SAP S/4HANA Cloud 1808 release. This brand-new business exception detection aims to detect unusual business situations in revenue and cost accounts. By pro-actively informing the group controller of potential issues and proposing explanations for unusual business situations, the system takes over a huge amount of manual efforts which Chief Finance Officers usually need to tackle,” said Sven Denecken, SVP Product Management, Co-Innovation SAP S/4HANA at SAP.
Another addition in the Finance area is the anomaly detection with SAP RealSpend. The expense monitoring application is designed to enable managers to always stay ahead of their cost situation. SAP RealSpend is leveraging machine learning in order to automatically detect unusual expenses in the areas of wrong bookings, seasonal effects, unusual amounts or fraud.
SAP S/4HANA Cloud for Manufacturing
SAP released capacity evaluation and adjustment within the SAP Fiori “Manage Work Center Capacity” app, so you can now detect and resolve overload situations. By viewing the backlog of overdue orders and operations for work centers, you can now ensure that you’re optimally utilizing its capacity.
“Another highlight of the 1808 release is part of Demand-Driven Replenishment, our intelligent approach to ensure best possible customer service levels at lowest possible inventory costs. With our latest release, we offer the visualization of buffer positioning by a network graphic, which enables production planners to easily display the position of decoupling points in a multilevel bill of material,” according to Denecken.
SAP S/4HANA Cloud for Enterprise Portfolio and Project Management
As part of the new release, SAP offers a simple project control data maintenance. The SAP Fiori App “Project Control” allows simple project creation and now includes new standard fields to categorize projects. What’s more, with 1808, a new app called “My Projects – Key Figures” is introduced. This report function to balance projects is a huge help for steering committee members as they can now properly track the status of their projects.
SAP S/4HANA Cloud for Sales
SAP CoPilot now features a Sales feature, designed to track sales orders with the use of natural language. Within the “Track Sales Orders” app, you can easily find sales documents and the respective process phases. Another intelligent feature in Sales is Predictive Analytics for Sales Forecasts. With the “Sales Performance – Predictions” SAP Fiori app, you can utilize embedded predictive analytics functionality in sales business processes.
Looking for more? Download our ERP buyers guide for free and compare the top-24 products available on the market with full page vendor profiles. The guide includes four key capabilities to look for in an ERP solution, plus five questions to ask yourself and five questions to ask the software provider before purchasing. It’s the perfect resource for anyone looking to find right ERP for their business/organization.
Latest posts by Elizabeth Quirk (see all)
- The ERP Software Guide and How to Choose The Best One - March 5, 2020
- 3 Security Features to Protect Your ERP Data - March 4, 2020
- How to Manage ERP Customizations - March 2, 2020