Digital transformation is happening everywhere. In today’s connected business world, everything happens much faster than it did just a few years ago.
New business requirements need a flexible enterprise resource planning (ERP) solution that allows an organization to run its business efficiently but also capture growth opportunities and embrace new business processes and models.
With more than 40 years of experience in business process management, SAP is prepared to further support customers in running their mission-critical processes in the cloud. With SAP S/4HANA Cloud, companies can make better, faster decisions and provide better customer experiences thanks to an integrated end-to-end perspective of their business that makes use of intelligent technologies.
What Are End-to-End Processes Anyway?
Gartner defines business process as an event-driven, end-to-end processing path that starts with a customer request and ends with a result for the customer. Business processes often cross departmental and even organizational boundaries. By integrating end-to-end processes, companies can become more agile, allowing them to better meet high-level business objectives, streamline processes, and make rapid business decisions. By revealing duplicative efforts, end-to-end processes can improve both the speed and quality of business process execution, as well as decreasing overall operational costs. At times it can seem as if everyone is claiming to be “end-to-end.” But what does it really mean for your business?
The ability to respond to change, get to market quickly, and reduce costs is the mantra of business leaders worldwide. By managing end-to-end processes and taking a global view of process ownership, companies can unlock savings, increase performance, lower costs, and gain more meaningful business insights. Companies today are looking for a cloud solution that provides integrated end-to-end business process coverage along with continuous innovation and self-service intelligence.
In the digital economy, organizations must make value creation a primary focus. The key to supporting a fast-growing business is massive scale and performance.
Intelligent ERP in the cloud caters to this by keeping pace with a business’s ever-changing infrastructure requirements and by supporting integrated, mission-critical, end-to-end processes. SAP S/4HANA Cloud is taking ERP into the digital age by further automating processes – with intelligence — and, as a result, allowing businesses to become even more intelligent and agile themselves. Market-leading SAP solutions work seamlessly with each other and perform harmoniously with third-party solutions, promoting an uninterrupted and agile experience.
End-to-end processes are designed to make your business more successful and are key to improving agility. They do this by going beyond data entry and period-end reporting to provide users with insights. In the cloud, end-to-end processes are data driven and enriched with operational data, which allow processes to function automatically and intelligently with minimal user input. This is possible due to real-time embedded analytics that support each step of the process.
Intelligent Source to Pay: Competitive Edge
SAP has two purposes in mind: to generate more value for businesses and to become a strategic advisor. For this, SAP has reimagined and transformed procurement processes within the Intelligent Enterprise. To make this more tangible, let’s have a closer look at the source-to-pay process.
Businesses looking to improve their organization performance will look to implement a source-to-pay solution. Source to pay is the decisive end-to-end process whose strategy covers the span of processes from spend management through to the purchasing and accounts payable. Defining sourcing strategies and identifying suppliers are essential steps companies must make to analyze their spending and have a clear view on the supply market.
By integrating intelligence into the source-to-pay process, SAP S/4HANA Cloud can help you make better informed decisions that increase business impact and manage purchases with greater efficiency and productivity. Streamlined source-to-pay processes promote the transparency needed to realize full purchasing power and gain the competitive edge by making intelligent procurement decisions.
Using SAP’s source-to-pay process helps increase overall procurement efficiency, which results directly in lower purchasing and inventory carrying costs and higher savings. The extensive scope of the solutions helps businesses cover diverse spending expense types, maintenance, and capital projects, as well as a contingent workforce. The extended business network integration across source to pay increases visibility into internal and external data, furthering the collaboration between businesses and supply partners. Intelligent machine learning algorithms support the procurement function in identifying materials without purchase contracts and starting a sourcing event to ensure best negotiated prices with the supplier.
A detailed overview of the comprehensive procurement portfolio from SAP can be found in the whitepaper, “Transform Procurement with SAP Solutions.” These overall examples of an end-to-end process within the procurement are among the many ways SAP keeps constantly innovating.
The importance of end-to-end processes only grows in this time and age where the Intelligent Enterprise takes precedence. SAP solutions help customers gain the most value through such interconnected processes that not only embed intelligence, but also provide accessible user experience. Additionally, SAP understands that companies see end-to-end processes as advantageous factors that accelerate time to value.
Much like technology, industries are constantly evolving. SAP’s top priority is to stay ahead of the game and provide customers with the digital capabilities their business will need if they want to ride out the ongoing wave of technological evolution.
Source: SAP ERP News