November 12, 2024
Your group has determined to make the leap to SAP S/4HANA Cloud Public Version, a strategic alternative that provides improved efficiency, superior analytics, and extra environment friendly assist for your small business operations.
Whereas this cloud ERP affords streamlined processes and improved scalability, it additionally limits the extent of customization that finance groups have come to depend on for tailor-made, actionable insights. The outcome post-migration? Many finance professionals discover themselves hampered by reporting limitations and heightened IT dependencies, which slows down decision-making and limits the worth of their SAP knowledge.
Not too long ago, insightsoftware surveyed 325 SAP-driven finance leaders to know their challenges and priorities, leading to our 2024 SAP Finance Staff Traits Report. The findings paint a transparent image of the challenges dealing with SAP-powered finance groups migrating to the cloud.
Under, we’ll discover the obstacles finance groups face when migrating to SAP S/4HANA Cloud Public Version based mostly on our analysis, and the way the best instruments can tackle these challenges to expedite their SAP migration journey.
SAP S/4HANA Cloud, Public Version Migration Challenges
Transitioning to SAP S/4HANA Cloud Public Version is an advantageous option to faucet into all the advantages of a cloud system. Nonetheless, it additionally brings distinctive challenges, particularly for finance groups accustomed to personalised reporting and excessive flexibility in knowledge dealing with, together with:
Restricted Customization
Regardless of the robustness and scalability S/4HANA affords, finance groups could discover themselves challenged with SAP’s complexity and restricted customization choices for reporting. This model of SAP encourages standardized processes to take care of efficiency however comes with the price of simply having the ability to generate customized and advert hoc studies. This shift means finance professionals who beforehand had direct management over their reporting processes now face delays, having to depend on IT assist to adapt normal studies or create completely new ones. The truth is, based on our current research of SAP customers, 76% of SAP-based finance groups felt over-reliant upon IT.
Methods to Set Your Finance Staff’s Expertise Roadmap
Integration Challenges
Information integration additionally poses a major problem for finance groups utilizing SAP S/4HANA Cloud. With SAP’s transfer towards real-time reporting, the necessity for seamless knowledge entry throughout monetary and operational modules—akin to FI (Finance), CO (Controlling), and MM (Supplies Administration)—turns into essential. Nonetheless, S/4HANA’s inflexible knowledge buildings and restricted reporting flexibility could make it difficult to entry consolidated knowledge throughout modules in actual time, limiting finance groups’ capacity to run reside, drillable studies for quick decision-making. This dependency not solely strains IT sources but in addition slows down monetary processes, notably month-end closing and advert hoc evaluation, leaving finance professionals with outdated knowledge and restricted visibility.
The information panorama by which finance groups work is changing into more and more complicated with the mixing of ERPs and different techniques. In response to our analysis, 99% of SAP-based finance groups make the most of non-ERP knowledge sources, together with HRIS, EAM, and CRM techniques, to realize a holistic view of their funds.
On the identical time, 96% of SAP-driven finance groups use a number of software program instruments from totally different distributors, leading to a fragmented knowledge surroundings that hampers effectivity and efficiency. Integrating knowledge from these sources is fraught with challenges that may result in knowledge silos, inconsistencies, and difficulties in accessing real-time data for reporting. A whopping 82% of SAP customers agree that poor knowledge administration and integration signify the largest challenges to monetary reporting, forecasting, and compliance.
Hybrid ERP Complexity
Many organizations will select to take care of a hybrid ERP occasion in the course of the migration to SAP S/4HANA Cloud, Public Version, which provides one other layer of complexity for finance groups. Our analysis discovered that solely 26% of SAP-driven finance groups have totally moved to a cloud surroundings.
The bulk, 62%, function in a hybrid setting, which balances on-premises techniques with cloud purposes, making knowledge integration much more convoluted. This twin setup can result in inconsistencies in knowledge high quality and accessibility, making it tough for finance groups to generate correct studies that mirror a unified view of their operations. Moreover, the necessity to synchronize knowledge between legacy techniques and the cloud ERP usually leads to elevated guide processes and larger probabilities for errors.
Our analysis revealed a placing distinction between the anticipated challenges of SAP cloud migration for hybrid and on-premises organizations and the precise experiences reported by those that have totally transitioned to the cloud.
| High 3 Perceived SAP Cloud Migration Challenges
(hybrid or on-premises finance groups) |
High 3 Realized SAP Cloud Migration Challenges
(fully-cloud-based groups) |
|---|---|
| Safety considerations – 38% | Integration challenges – 49% |
| Value administration – 38% | Ability hole within the IT group – 47% |
| Lack of price range – 37percent5 | Change administration and consumer adoption – 47% |
Whereas safety (38%) and price administration (38%) are generally perceived as the first obstacles to cloud migration, our analysis reveals that ability gaps throughout the IT group (47%) and integration challenges (49%) are the precise culprits. These abilities gaps considerably hinder a company’s capacity to progress from cloud migration planning to implementation. With out the mandatory technical experience, the cloud transition is a protracted and sophisticated course of.
Issues about price and safety usually overshadow the true challenges of cloud migration–knowledge alignment and technical abilities shortages. To beat these obstacles, SAP-powered finance groups want a platform that addresses each ability gaps and integration challenges. Whereas constructing in-house IT experience is crucial, it’s time-consuming. Investing in user-friendly instruments with knowledge warehousing capabilities can bridge this hole, enabling seamless entry to legacy and cloud knowledge, accelerating decision-making, and bettering total effectivity.
Make the Most of Your S/4HANA Cloud Public Version Funding
Don’t let SAP’s complicated construction and cloud migration challenges decelerate your period-end and customized reporting with insightsoftware’s Wands for SAP S/4HANA Public Cloud. Wands affords a reside connection that leverages our open enterprise knowledge cloth, providing enterprise views tailor-made to be used with our present Wands for SAP providing. This modern product not solely supplies an improve path for present Wands for SAP customers but in addition serves as an efficient answer for brand new clients adopting SAP Public Cloud. Migrate with us–wherever you’re in your cloud migration course of, we’ll meet you there.
Current on-premises SAP customers utilizing ECC and S/4HANA trying to transition to SAP S/4HANA Public Cloud will profit from a ready-to-run cloud ERP that comes with the newest trade greatest practices and ongoing improvements. Wands for SAP S/4HANA Public Cloud permits sturdy monetary reporting capabilities from SAP Public Cloud ERP cases, with preliminary assist centered on the GL Wand.
You can too take away your IT dependency with Wands. With Wands, customers can create their very own refreshable and drillable studies, with versatile layouts, in opposition to SAP Enterprise Suite (ECC) and S/4HANA together with S/4HANA Public Cloud.
With Wands for SAP in your nook you’ll acquire:
- Actual-Time Information Entry: Overcome integration challenges from hybrid environments with a direct reside connection to SAP S/4HANA, making certain well timed entry to crucial monetary and operational knowledge.
- Automation and Effectivity: Handle the complexities of knowledge consolidation by automating mundane reporting duties, permitting your finance group to focus on high-impact evaluation and strategic decision-making.
- Acquainted Excel Integration: Leverage present Excel abilities to simplify knowledge entry and reporting, serving to finance professionals rapidly adapt in the course of the transition to cloud-based techniques.
- Complete Interactive Views: Mitigate the danger of knowledge silos by using a library of pre-built, interactive enterprise views tailor-made particularly for SAP S/4HANA Cloud, making certain a holistic view of your group’s monetary well being.
- Person Empowerment: Empower finance professionals to generate their very own studies and dashboards, lowering dependency on IT amid migration challenges and enhancing reporting agility.
- Fast Set up: Expertise a light-weight set up course of that takes lower than a day, assuaging the necessity for prolonged BI tasks and intensive IT sources in the course of the transition to the cloud.
- Enhanced Insights: Simply drill right down to transaction particulars to realize deeper insights and enhance evaluation accuracy, enabling sooner decision of points arising from the complexities of cloud migration.
Able to study extra? Learn how hospitality chain Tsogo Solar eliminates reporting challenges with Wands for SAP.
