Before using any technology, many companies ask what they will gain from it. No business wants to invest in something that will not have the anticipated impact. Sometimes, what entrepreneurs need to do is analyze the gains from the use of a specific software and choose whether to invest in it. It is easy to miss out on the benefits of SAP HANA when a company chooses to ignore the benefits of this software because they want to see the evidence before using it.
Companies collect a lot of data, and for this information to be processed adequately, a lot of personnel will need to be employed. SAP HANA simplifies the data collection and analyzing process saving time and money for the company.
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In this article, Dirk Van Der Merwe discusses the advantages of SAP HANA.
Reasons to invest in SAP HANA
“The launch of SAP Business Suite 4 SAP HANA (SAP S/4HANA) has meant that SAP’s customers must take a leap of faith. SAP, which emphasized the benefits of the new suite, has given customers insights into how the next generation of enterprise resource planning (ERP) system will meet their business demands. Using SAP S/4HANA, organizations can reduce the complications of their SAP….”
When an organization has a significant collection of data, it can achieve more. Unfortunately, the pace at which things get done is much slower as this information needs to be analyzed before any decision is made. SAP HANA has the agility to comb through data fast and efficiently. An analytics report is produced in real-time giving organizations the opportunity to make snap decisions when the need arises.
SAP HANA also increases user experience since the number of clicks and pages are reduced leading to efficiency, improved productivity, and consumer satisfaction.
In this article in sphinx-it.eu, the author discusses the capabilities of SAP HANA and why it is critical for businesses to use it.
Opportunities available to businesses the use SAP HANA
“SAP HANA is the relational database management system pertaining to SAP SE and one of the “fastest ever growing” products, with a run rate of $1bn and a wide range of software products and specialists & customers relying on it. Besides its primary function of database server (and application server), SAP HANA performs ETL (extract, transform, and load) functions, as well as advanced analytics…”
SAP HANA has been designed to handle data services, advanced analytic processing, and app development. Organizations today rely on data, analytics, and apps to gain more visibility and increase their client base. SAP HANA has a suite of capabilities that make it easier for businesses to run and achieve their objectives.
Companies that do not use SAP HANA may still get what they want but this goal may take longer to be achieved, especially if the volume of data is too enormous to be analyzed in a short time.
In this article, Christian Klein observes the financial benefits of SAP HANA to businesses.
The financial gain to businesses that invest in SAP HANA
“We are proud to say that we are running the company based on a highly integrated landscape, with reporting that is really coming from the transactional system. This allows for a truly 360° view of the company for real-time decision making. Ultimately, SAP has greatly benefitted from implementing HANA and S/4HANA in three key ways.”
SAP HANA has introduced flexibility that may have been lacking before in the financial system. Instead of companies grasping straws by looking at various systems to see which one is most reliable, now there is only one source of truth that is used by the different departments. This has made it possible for every member of staff to speak in one voice since the whole organization relies on the same source of information. SAP HANA provides regularly updated analytics which have made this system predictable.
It is easier for companies to make financial decisions based on fact. If you are wondering if SAP HANA will be beneficial to your business, look at how your current systems are working. If you are frustrated by the period it takes to get an analysis of all the data you have gathered, you need SAP HANA.
If you are forced to employ more staff to comb through all the data you have collected, it may be time to use a system that works fast and has credible feedback. Having such a system protects business owners from making decisions that may prove detrimental because of the wrong analysis of the available data.