SAP is an ERP (Enterprise Resource Planning) package meant to cover all day-to-day processes of an enterprise (for example, order-to-cash, procure-to-pay, plan-to-product, and request-to-service and core capabilities). It integrates functions from lines of businesses as well as industry solutions, and also re-integrates portions of SAP Business Suite products such as SAP SRM, SAP CRM and SAP SCM. However SAP Business Suite 4 only runs on the SAP HANA database, and thus it is packaged as one product: SAP S/4HANA and having lot of Career Opportunities in SAP HANA
SAP’s classical R3 based business suite and related products were designed to run on several database platforms, including those from Oracle, Microsoft and IBM SAP has said that the SAP HANA platform can potentially save an organization 37% across hardware, software, and labour costs.
The platform SAP HANA has been available since 2010, and SAP applications like SAP ERP and the SAP Business Suite have been able to run on the SAP HANA database and/or any other database.
The S/4HANA launch took place on February 3, 2015 at the New York Stock Exchange. The event introduced cloud and on-premises editions, and launched the on-premises edition. Availability of the cloud edition followed at SAPPHIRE NOW (SAP’s annual customer conference) on May 6, 2015 in Orlando, Florida. SAP S/4HANA is being called SAP’s biggest update to its ERP strategy and platform in over two decades.
Post launch of SAP S/4HANA, Gartner analysts noted that SAP S/4HANA represented a “transformational shift,” but raised questions about the functionality, availability, pricing and migration surrounding S/4HANA. Gartner, Inc. is an American research and advisory firm providing information technology related insight for IT and other business leaders located across the world.
Growth of customers was noted as below:
- April 2015 – 370 Customers
- October 2018 – 1300 Customers
- December 2016 – 5400 Customers.
Did you know?
SAP S/4HANA Simple Finance is a combination of SAP Accounting powered by SAP HANA, SAP Cash Management, and SAP Integrated Business Planning (IP, BPC, and embedded BW) for Finance and also includes additional innovations in the areas of Treasury and Financial Risk Management, Collaborative Finance Operations and more
SAP Finance comply both local and global requirements of the finance department and hold solutions specifically built for 25 industries in more than 50 countries
With SAP Simple Finance, the life of the finance folks are simplified and mandates the use of Account-based COPA providing the detailed information for the cost of sold goods, production variance, and invoice quantities. The costing-based COPA avoids reconciliation issues between COPA and GL
Key Benefits of SAP S/4HANA:
- Empower business users with live information from across your operations, enabling you to act in the moment and respond quickly to changing conditions.
- Move beyond automation to contextual, role-based suggestion and autonomy, to improve productivity and support informed decision-making.
- Connect workflows across every part of your enterprise and your entire value chain to increase productivity, improve collaboration, and drive innovation.
Digitize your finance processes: Understand financial performance in real time to improve the effectiveness of finance processes – from planning and analysis to period end close and treasury management.
Take control of your supply chain: Increase visibility across your digital supply chain and utilise machine learning technology for logistics, manufacturing, and asset management to improve business agility.
Stay ahead of your procurement needs: Use intelligent applications with machine learning to improve supplier management, streamline purchasing, and deploy collaborative sourcing and contract management.
Manage product lifecycles more effectively: Develop a fully-aligned product portfolio that allows you to manage lifecycles, control production costs, and deploy resources effectively from across your organisation and beyond.
Achieve insights across your business: Get a complete picture of operations and use customer insights to help marketing, sales, and service team’s work more productively, grow revenue, and accelerate opportunities.
Develop industry-specific functionality: Meet the specific needs of your individual organisation by customising your core system without the typical challenges of integration and custom coding.
SAP HANA is the Highest Growing Technology:
There is no surprise in plenty of career opportunities in this field. Since it is one among the fastest-growing products in the history of SAP, it is considered by the industries as a groundbreaking key for in-memory databases. HANA is faster data processing software that is developed by SAP, the commercial software company. SAP HANA job profiles are rated as vastly paid among Information Technology industry over other modules of SAP.
Reasons to Choose SAP HANA
- Higher packages for IT professionals
- IT professionals have a less stressful life
- IT professionals will enjoy greater career options ahead
- It is simple to have SAP certification at any stage; hence, the job is secured
- IT professionals get a chance to work with software that shows more creativity
Career Opportunities in SAP HANA
Experts state that SAP HANA ensures the best career growth. SAP has released HANA as the platform and database on which entire application will function in the future. The demand for the SAP HANA professionals evidences the success of this migration. In addition, HANA remains as one of the best solutions that offer fruitful revenue to the businesses; hence clients in IT started to invest in this platform. The career growth in the SAP HANA is enriching and it would continue to a long way
Future Prospects of SAP HANA
As we are entering into the middle of the year 2017, predictions for S/4 HANA is very clear – more HANA, more analytics. The Cloud for Analytics is a combo of Business Intelligence (BI), planning, budgeting, and predictive analytics. S/4 HANA is expected to bring more project systems, quality management, and sales and distribution functionality. The Cloud for Analytics in 2017 is predicted to have the power of broadened predictive analytics capabilities, scaled out modeling and what/if analysis for planning
For some time, SAP consultants have been able to earn high pay rates regardless of which area of SAP they were knowledgeable in. Now, if you want the highest earning potential, it’s all about learning the ropes of S/4 HANA – SAP’s next generation business suite.