With a major improvement, SAP has launched the most-high stakes of its core software which will lead to exponential improvements in SAP data-crunching times. The widely used suite of corporate planning applications and newer cloud-based internet software would work together using a single, modern user interface.
The unified database platform S4 HANA, promises to cut time it takes to compile business accounts and forecasts to minutes, instead of hours and days, by analyzing vast amounts of data in local memory. This provides instant-access retrieval instead of the slower call-and-response method of pulling data from hard disks, CDs and tapes.
“Today, SAP is redefining the concept of enterprise resource planning for the 21st century. SAP S/4HANA is about uniting software and people to build businesses that run real-time, networked and simple,†said Bill McDermott, CEO, SAP.
ÂSAP's newer approach, in development for four years and used in parts already by thousands of customers, is to combine its super-fast "in-memory" database with business analysis functions. This lets company planners drill down into actual financial transactions and draw on a range of both internal and external data instead of relying on statistical assumptions.
ÂIt extends the value of simplicity to all lines of business and industries end-to-end with guided configuration for adoption, a modern user experience for business users of all roles in a company on almost any device, a simplified data model, on-the-fly insight at the highest level of granularity and re-imagined real-time business processes.
ÂSAP S/4HANA will offer cloud, on-premise and hybrid deployment options to provide maximum choice to customers.With the introduction of S4 HANA, SAP is looking to eventually bring all its customers under one roof, a process that will entail further software development by SAP and complex decisions by customers about when it makes financial sense to convert organizational information from existing data formats.
