SAP S/4 HANA is the next -generation business suite that is designed to run on SAP HANA. The solution includes the latest technology, such as machine learning via a tool called SAP Clea, and an assistant bot called CoPilot. This fourth business suite after SAP R/3 has a simple designing tool, simplified data performing complex calculations system, that can handle a greater amount of data.
The latest ERP system uses the AI for transforming business processes on-premise and on the cloud. This integrated and intelligent ERP system runs on the memory database. The system can help you in revolutionizing business processes with automation, making better and faster decisions with the help of analytics, addressing industry-specific requirements with the best practices, and enabling business models with the evolution of the market. One can meet the IT landscape goals with the on-premise, hybrid, and cloud scenarios sharing a data model, user experience, and code model. The key component of the SAP S/4 HANA is SAP Finance, which helps in streamlining the financial process and enabling the real-time analysis of the financial data. The accounts receivable and accounts payable can be automated with the continuous improvement of the business process based on the AI. SAP Finance helps the companies in aligning the non-financial and financial data into a single source of truth. The real-time predictive insights by implementing this SAP S/4 system helps the organization as a whole.