2023 Cloud ERP Trends: Leading Businesses with SAP S/4HANA in a Cloud-First World

In the last few years, shortcomings in the back-office systems have been more apparent than ever.

These deficiencies include difficulties in accessing data, enabling self-service functionalities and intelligently automating processes. As a result, there is a growing demand for self-driving and autonomous enterprise resource planning (ERP) solutions. This demand is further fueled by the shift towards cloud-based systems, the pressure to undergo digital transformation and replacement-cycle dynamics.

In addition, the introduction of new cloud deployments is providing an unprecedented opportunity to enhance and automate back-office processes by transforming businesses into intelligent enterprises.

Build an intelligent enterprise with SAP’s intelligent ERP Solution, SAP S/4HANA Cloud that offers comprehensive capabilities for finance, manufacturing, procurement, R&D, sales, service, and supply chain management.

Maximize Productivity with SAP S/4HANA’s Intelligent Automation

Business leaders who choose SAP S/4HANA Cloud are –

• Looking for a solution that can support multinational and global deployments
• Having medium to large enterprise requirements and may be upgrading from
• Existing SAP installation
• New Customers
• Requiring advanced vertical capabilities to meet their specific business needs
In order to address these needs, SAP S/4HANA Cloud is equipped with 21 out-of-the-box integrated end-to-end processes across 25 industries. These processes encompass common business processes inside the enterprise.
• Finance
• R&D and engineering
• Asset management
• Sales
• Supply chain
• Manufacturing
• Sourcing and procurement
• Service
VC ERP Consulting has identified that selecting the right partner for your SAP S/4HANA implementation is crucial for organizations as they contemplate cloud-based ERP solutions in their upgrade and digital transformation plans.

Our SAP S/4HANA experts have observed nine significant trends for post digital ERP users in 2023.

2023 Cloud ERP Trends: Insights from Industry Experts

The global cloud ERP market is characterized by the convergence of –
• Digital business models
• Automation
• Artificial Intelligence
• People-centric requirements
• Cloud migration needs
However, leaders responsible for legacy on-premises ERP systems are encountering significant challenges in managing technical debt while addressing immediate business needs.

The latest trends in the ERP market by industry experts at VC ERP Consulting shed light on the major challenges confronting ERP users and the anticipated impacts of ERP trends on businesses for the next ten years.

Let us take a look at the emerging cloud ERP trends in 2023.

Compliance Advisory Services

Implementation of Cloud ERP Solutions such as SAP S/4HANA can help organizations to –
• Mitigate compliance risk and ensure the timely implementation of key regulations
• Easily apply AI technologies to prevent fraudulent activities by applying cognitive analysis
• Minimize risks, attain regulatory compliance and prevent any possible disasters

Subscription-based Models

• Shift from ownership to access requires ERP systems to support subscription business models
• Subscription models create post sale revenue opportunities such as installation, warranty and vendor-managed inventory
• ERP systems need to ensure regulatory compliance for revenue-recognition rules such as ASC 606
• Customer success management platforms are expected to receive growing support from ERP systems
• New outcomes-based pricing models will require support from ERP systems

Shrinking Value Chains

• Classic mega processes like –
  • Invoice to close
  • Procure to pay
  • Hire to retire
• Order to cash have crossed functional boundaries
• Cloud ERP early adopters are interested in multithreaded value chains that support a multiparty-centric perspective
• The parties involved could be employees, customers, suppliers, partners, and others
• The combination of classic mega processes leads to the emergence of multiparty value chains

Customer Journey Mapping

• ERP users are expected to have the ability to design, execute and automate end-to-end business processes
• Orchestrate both external and internal processes to achieve efficiency
• Craft your own cross-functional capabilities
• Support the automation of complex workflows and tasks to achieve streamlined business operations and improved productivity

Emerging Role of AI and Autonomous Enterprises

• Natural language processing & video intelligence will enable large quantities of unstructured data to be ingested and organized into logical categories
• Techniques such as topological data analysis will be used to organize unstructured data such as –
  • Documents
  • Chats
  • Log files
  • Transactions
• The integration of AI with ERP Systems will enable businesses to analyze unstructured data and gain valuable insights into their operations
• The use of mixed reality technologies will enable businesses to provide immersive experiences to their customers and employees

Cloud-based ERP Systems

• SAP S/4HANA Cloud will enable user-based configuration to extend key capabilities in –
  • Industry Verticals
  • Last-mile functionality
  • Custom Requirements
• Expand ERP footprint to accommodate changing business models and new requirements
• Customize and extend your ERP capabilities with user-based configuration
SAP S/4HANA Cloud experts at VC ERP Consulting provide customers with choice on where to start their cloud migration journey.

We offer strategic business consulting from design to deployment. Leverage the expertise of VC ERP to navigate the complexities of digital disruption by innovating business models and adopting cutting-edge technologies.

Effortless Migration to SAP S/4HANA with New Technical Capabilities

SAP announced RISE with SAP in January 2021, which aims to address digital transformation across its product portfolio and offer a unified solution from product to services with a subscription-based pricing model.

Around April 2023, SAP Announced its Grow with SAP offering, bundling solutions for the SaaS based SAP S/4HANA Public Cloud ERP solution with a horde of other features

Both the RISE and the Grow with SAP approaches center around investing in business process intelligence and utilizing SAP’s workflow, robotic process automation and AI capabilities. Furthermore, new technical-migration capabilities have been implemented to improve adoption by automating upgrades and reducing migration time and complexity.

The intelligent enterprise capabilities have also been enhanced to provide access to large business networks, including supplier, purchasing, asset intelligence and logistics business networks.

Some notable updates to SAP S/4HANA include –
• Digital service management
• Digital supply chain
• SAP S/4HANA Cloud for Advanced Financial Close
• SAP S/4HANA Treasury Management

Embrace the future of ERP with SAP S/4HANA Cloud Today

SAP S/4HANA Cloud is undoubtedly the future of modern ERP systems, offering businesses the lowest total cost of ownership and advanced automation capabilities. To remain up-to-date with innovative cloud solutions, businesses must rethink their approach to value creation and adopt S/4 HANA cloud.

At VC ERP, we understand the value creation process and collaborate with our clients to design future-state processes in SAP S/4 HANA cloud, which has enabled many of them to achieve enterprise transformation and deliver services consistently.

Are you ready to stay ahead of the curve with SAP S/4HANA Cloud? Get in touch with our expert SAP S/4HANA Consultants & advisors at VC ERP Consulting.

Call +91 7948998911 (India), Whatsapp +254 111229970 (Kenya), Call +1 469 9156026 (North America), +974 31239246 (MENA) or drop an E-mail at sayhello@vc-erp.com