This article explores how Rise with SAP helps businesses reach their ERP goals and embrace the digital transformation in a way that outcomes start to come faster.
What is Rise with SAP?
Rise with SAP is a pathway to cloud ERP for businesses of larger scale unlike Grow with SAP which is targeted towards smaller and midsized businesses. Rise with SAP is a migration and modernization program that comes under the bracket of business transformation as a service from SAP. It was released to accelerate cloud migration by helping the transfer of a business’s current ERP data to SAP’s cloud with less risk to data and also features a packaged solution of SAP S/4HANA cloud ERP software as well as SAP infrastructure/cloud services
With this adoption plan, businesses transfer their existing ERP data and already implemented processes to a cloud-based platform in the most secure way under SAP’s protocols. Rise with SAP is a collection of secure transformative services combined with advanced business analytics, professional guidance from SAP, and specialized resource planning solutions, all wrapped up in a very personalized plan
Such a scheme is bundled with SAP’s cloud resource planning system, such as SAP S/4HANA Cloud ERP public edition which is the industry’s most advanced and leading platform. This transformation route is designed to help businesses “rise” among the crowd to become more agile, and resilient while developing a more customer-centric business model. This transformation is not just linked to moving to a new cloud platform but enables businesses to transform digitally and adapt to the evolving market landscape. It does that by focusing on below given aspects:
1. Integration and Automation
This modernization program is designed with pre-built integrations and APIs which enable smooth communication across all the processes of a business and also enable a reliable data exchange between different SAP and non-SAP systems.
This integration is not just limited to internal communication but extends to external partners of the firms and even customers, establishing a reliable and connected ecosystem. Rise with SPA also uses advanced and latest technologies related to robotic process automation, artificial intelligence, and machine learning which significantly help businesses to improve their operational efficiency and reduce operational costs. AI also helps managers to accelerate decision-making and in time respond to the market.
2. Advanced Financial Management:
With Rise, firms get a centralized financial platform powered with AI and advanced algorithms which are designed to provide real-time detailed visibility into financial data across the organization. This centralized platform built into the ERP platform integrates vital finance processes including accounting, budgeting, planning, financial forecasting, and reporting, helping the firm to streamline its business.
AI running behind this centralized platform helps take away the processing load from repetitive tasks like invoice processing, expense management, and reconciliation, all of which are linked with high consumption of man hours. Moreover, it is scalable and can adapt to a single region or across multiple geographies.
3. Sustainability Management:
With Rise, businesses are continuously given their insights into environmental, social, and governance (ESG) performance during their operation. This helps them understand and keep track of their sustainability footprint and significantly helps them identify the areas they can work for improvement with the help of Corporate Social Responsibility (CSR) Reporting.
Such reports include sustainability metrics in their supply chain management, resource usage, energy consumption, and waste generation which are transparently shared with all related individuals including customers, employees, investors, and regulators. However, these metrics and efforts made to maintain sustainability are integrated with overall business strategy and decision-making processes through the centralized financial platform as mentioned above.
4. Supplier Network:
Firms get a collaborative platform where businesses can connect with all their suppliers in a way that they get smooth and fast data exchange and collaboration. Moreover, this platform features a high level of real-time supply chain visibility which helps the managers to evaluate and compare supplier performance over time along with their inventory levels, order status, and logistics.
5. Agile Developlment:
The companies that adopt Rise with SAP to move their business towards SAP’s latest cloud ERP
platforms embrace agile development approaches to guarantee that companies can promptly adjust to evolving market circumstances and client demands. Agile development helps such companies remain ahead of the market and deliver better customer experiences by enabling them to quickly design and implement new features and capabilities.
Among the top five significant advantages for a business, Rise with SAP also gives many other direct benefits to a firm which helps them become more agile and stay ahead of the curve. It should be noted that Rise with SAP is not a product but rather a collection of tools that help businesses accelerate the adoption of the world’s most advanced and secure cloud ERP platform.