SAP Innovation – Innoval Digital Solutions Pvt Ltd https://www.ivldsp.com Value delivered thro innovations Fri, 03 May 2024 08:33:06 +0000 en-GB hourly 1 https://wordpress.org/?v=4.4 The Benefits of implementing SAP for your Business https://www.ivldsp.com/blog/the-benefits-of-implementing-sap-for-your-business/ Wed, 17 May 2023 08:48:55 +0000 https://www.ivldsp.com/?p=12864 The world of business has become increasingly complex, with companies facing numerous challenges such as market volatility, changing customer preferences, and global competition. To stay ahead of the curve, businesses need to optimize their operations and leverage technology to improve productivity, efficiency, and profitability. SAP (Systems, Applications, and Products) is one such technology that has revolutionized the way businesses operate. In this blog, we will explore the benefits of implementing SAP for your business.

IVL is a leading provider of end-to-end service offerings for SAP S/4HANA implementation and support. Our comprehensive service offerings cover all phases of digital transformations based on S/4HANA enterprises. Let’s dive in and explore the benefits of SAP implementation for your business.

Streamlined Operations

SAP implementation can streamline your business operations, eliminating manual processes and reducing errors. With SAP, you can integrate all your business processes into one system, making it easier to manage and monitor operations. This can help you optimize your workflows, reduce duplication of efforts, and improve overall efficiency.

Improved Decision-Making

SAP provides real-time data analytics and reporting, enabling you to make informed decisions quickly. With SAP, you can access critical data from across your organization, including finance, sales, and customer service. This can help you identify opportunities and challenges, forecast trends, and make data-driven decisions that can improve your business outcomes.

Enhanced Customer

Experience SAP implementation can help you improve your customer experience by providing a 360-degree view of your customers. With SAP, you can track customer interactions, preferences, and feedback, enabling you to personalize your offerings and provide a better customer experience. This can help you increase customer loyalty, retention, and revenue.

Increased Agility

SAP implementation can make your business more agile, enabling you to respond quickly to changing market conditions and customer preferences. With SAP, you can streamline your supply chain, reduce lead times, and improve inventory management. This can help you respond faster to customer demands, reduce costs, and improve your competitive advantage.

Greater Cost Savings

SAP implementation can help you reduce costs by eliminating manual processes, reducing errors, and optimizing workflows. With SAP, you can automate routine tasks, reducing the need for manual intervention. This can help you save time and resources, reducing your operating costs and improving your bottom line.

In conclusion, implementing SAP can provide numerous benefits for your business, including streamlined operations, improved decision-making, enhanced customer experience, increased agility, and greater cost savings. If you are looking to implement SAP for your business, IVL can help. Our end-to-end service offerings for SAP S/4HANA implementation and support cover all phases of digital transformation, ensuring a smooth and successful implementation. Contact us today to learn more.

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What is Digital Transformation?, "Rise with SAP"​?, S/4HANA cloud? and IVL Cloud Apps? https://www.ivldsp.com/blog/sap-innovation/what-is-digital-transformation-rise-with-sap_b-s4hana-cloud-and-ivl-cloud-apps/ Fri, 11 Jun 2021 14:31:51 +0000 https://www.ivldsp.com/?p=10192
What is digital transformation in the context of companies?

The whole purpose of the business is to serve customer happily and profitably, delivering value for their investment. The customer is at the center of any need for transformation. I have heard many experts speaking on this subject and they talk of implementing the digital tools and technology as the purpose of digital transformation. This is completely wrong, the purpose and reason for digital transformation is because Customer is demanding, they are changing and they are looking for innovative, faster and better solutions hence the need for digital transformation.

The companies now have various digital tools and technologies for enabling and satisfying the customer demands for this transformation.

There are various macro trends: –
  1. Business model disruption (you can be the biggest transportation company without owning a vehicle eg Uber)
  2. Business is generating a huge volume of data. Data is the new oil. Business needs to find, extract, refine, distribute and monetize it.
  3. New & changing consumer requirements, behaviour and digital-savvy millennials
  4. Delighting customer experience
These trends brings lot of challenges to business :-
  1. How a company can fund and implement these innovations for the future and still running existing operations?
  2. Who will fund these programs? ( Actually finally customer funds it ! Think over)
  3. How can I use tons of data for actionable business intelligence, forecasting and planning?
  4. How to use and deploy the cutting edge user experience like social media Apps in business applications?
  5. How to map customer journey and delivering value and experience at each touch points ……?

From technology points of view, the costs of computing, storage, network and automation has decreased substantially in last decade hence makes it affordable and feasible to implement.

To implement any digital transformation program, it is a journey and not one time activity. One need to map the complete digital journey and accordingly implement various digital program based on the existing status, priorities and target goals. With each step companies needs to move from current stage of digital-ness to the target mature Digital state.

This involves following steps: –

  1. Assessment of current state of Digital readiness
  2. Putting Digital intelligence & Analytics to data for better and faster decision making using digital tools
  3. Digitalization of the cross functional business process and automations
  4. Using advance technology like cloud, AI, ML for building intelligent enterprise
  5. Digitally maturing the organization once, the core business process are covered and delivering the value to the end customer and thereon continuous innovations.

For digital transformation program, companies can start with the priorities of approach. It could be from inside out (Operations to customer touch points) or can start from customer facing processes and then moving to the core operational processes.

The existing business models are changing and every company needs to become a digital business to stay competitive and relevant else they will be Kodaked!

Rise with SAP

SAP has come up in the recent months this initiative called “Rise with SAP” . This is a business transformation as a service offerings from SAP with simplified contract on subscription pricing model, at customers terms (they can use any of the hyperscaler for cloud infrastructure) , preferences and timelines.

The whole construct of the program is to enable & implement faster acceleration for digital transformation using S/4HANA modern ERP and intelligent technologies.

This will help customers in modernizing, standardizing and digitizing the business processes.

The various components of “Rise with SAP” included in one contract are :-

  1. Infrastructure choice (Any of the Hyper scalers)
  2. S/4HANA cloud ERP licenses (Private of public cloud)
  3. Business process intelligence reports
  4. Various tools and services for readiness, migration, learning
  5. Business technology platform ( earlier called SAP cloud) credits
  6. Business network starter pack ( Ariba, Assets intelligence, Logistics network)

The advisory and implementation services are covered in a separate contract with the authorized implementation and service partner who is providing the same.

The process of implementation starts with process discovery tool (business process intelligence) that gives an assessment of current processes and comparison with the industry benchmarks.

The complete implementation process follows SAP ACTIVATE methodology.

The steps involved in implementation are :-

  1. Value discovery
  2.  Setup and enablement
  3. Fit-to-Standard Analysis
  4. Scope and configure
  5. Migrate, integrate and test
  6. Extend (using InApp or Side by Side development using SAP BTP)
  7. Onboard and deploy
  8. Innovate, operate and support

The best part of Rise with SAP is that it is comprehensive, simplified bundle, defined investment & outcomes and tools based implementation in comparison to benchmarks and best business practices of industry. It is truly a gamechanger as industry has not witnessed anything like this before.

S/4HANA is an acronym for SAP business suite 4 using HANA database. It is a modern and next-generation enterprise software and can be implemented as the digital core of any company leading to becoming an intelligent enterprise. It is also integration-ready and allows to makes extensions and customization using the SAP cloud platform (BTP).

It is available in different versions and explained in the diagram: –

  1. SAP S/4HANA Private Cloud (Extended edition) with standardized processes
  2. SAP S/4HANA Public Cloud (Essentials edition) with Flexible processes
  3. SAP S/4HANA AnyPremise with customizable processes

SAP releases new innovation every quarter on the cloud and then the complete innovation is brought to the on-premise version once a year.

What is IVL Cloud Apps?

IVL ( Short form of Innoval Digital Solutions ) has been in the business of providing digital transformation thro various innovative products and services. We are also the early adopter of the SAP BTP (earlier called cloud platform) and has built large scale application using SAP cloud platform using various technology stacks of ABAP, Java and node.JS.Optisuite Cloud Apps
SAP Certified Powered by NetweaverTraditionally, IVL has been developing SAP-certified Add-ons products for the last two decades and the product is popularly known as OptiSuite. These products are in use by a large number of leading companies for various application ranging from Tax technology (GST, Eway bill, E-invoicing) and digital supply chain to manage international trade (exports and import processes).

As a part of long-term plans and in alignment with SAP and as our customer plans to become intelligent enterprise, we have migrated some of these digital assets & products on SAP cloud platform and will be available on subscription pricing and SaaS model. The collection of these Apps is called “IVL cloud Apps” and will be available on SAP Apps Center.

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About the Author

Sunil Gupta

CEO & Director, Innoval Digital Solutions Pvt Ltd, Sunil Gupta is an entrepreneur with rich experience in handling large Information technology projects, building high technology software projects, product development and services companies from startups to listed company. He has been involved in Startup ecosystem and has made angel investment in several high technology companies. He was also visiting professor to India’s top management institute, IIM where he has taught, groomed and mentored the brightest management students. He has held several leadership positions in professional bodies and associations, including in the CII, Advisory Council and the IT Task Force of Kerala Government.

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Intelligent Enterprise in India – a precursor https://www.ivldsp.com/blog/sap-innovation/intelligent-enterprise-in-india-a-precursor/ Mon, 28 Oct 2019 09:51:16 +0000 https://www.ivldsp.com/?p=5926

One of the key focus areas of SAP TechEd 2019 at Las Vegas & Barcelona was on how to leverage SAP Innovations to help organizations become Intelligent Enterprises for innovation, customer experience and growth. SAP TechEd 2019 Bangalore is also focused in this direction.
The buzzword that is the “intelligent enterprise” would invoke random thoughts of smart applications using Internet of Things (IOT), integration, Machine Learning, Robotics process automation (RPA) and host of other innovation to improve the user experience, and to convert digital data into business value.

Before becoming an intelligent enterprise one has to be a digital enterprise first.

Are there manual processes that depend on the clerical expertise of experienced personnel? For example, is the Exports documentation being done in a glorified word-processing application outside the ERP landscape? When an Exports shipment happens late night, are Exports executives staying awake to ensure that the Exports documents were error-free and in line with the Exports Letter of Credit kept in one among the many office cabinets? Is there a way to capture Exports LCs, Vendor invoices and Imports Bill of Entries into the ERP application? Are the tax managers spending hours to download and process GST data using various versions of spreadsheets held in file-paths / workstations that only a few people know? Are the Tax Returns (GSTR1 for instance) being done without manual interventions directly from the ERP? Does the Return filing end up with error at GSTN due to an incorrect GSTIN number keyed in manually under the master data? Does the GST vendor reconciliation process involve manual downloads, “VLOOKUP’s and still end up with discrepancies due to data differences between the ERP and the GSTN?

A truly digital solution would do away with data downloads / redundancies and encourage collaboration. Forget hard-copies for manual data entry, even emails with PDF attachments would soon be considered passé, if not already. The smart users would expect collaboration (shared data) to minimize data entry. If this is not possible, they would expect OCR based solutions to extract electronic data from email attachments or scanned documents. SOPs would give way to workflows and even workflows would give way to empowerment, with certain delegation of powers.

artificial-intelligence
It is not just about manual data entry. What a Digital Enterprise does with the data is equally important.

How agile are the users and managers? Are they focusing merely on timeline-driven compliance? Is the cash-flow improvement opportunity being evaluated seriously? For example, are the Exports benefits being processed efficiently to reduce tax payments in purchase? Are GST Refunds for exports handled effectively? Is the input tax credit (from vendor invoices) at risk due to vendor delays/errors that are identified well after the period is closed? Are there checks and balances to evaluate vendor compliance and link it to the Accounts Payable process? Are decisions being taken by individuals themselves (without looking at the data insights) and merely executing their ad-hoc decisions using the software in hand?

Once the digital data is available in ERP – quickly and without much manual intervention – sky should be the proverbial limit for the intelligent enterprise. Important decisions like restructuring of sales distribution network under GST regime, preferred partners/ geographies to do business with, predicted tax liability based on static orders and dynamic trends can be taken by Enterprise with the intelligent insights.

Given the manual steps mentioned above, that could be prevailing in many organizations; the intelligent enterprise may look a distant thought. However, these are minor impediments as there are smart applications available now. The stimulus for an organization to become an intelligent enterprise is likely to come from the industry itself rather than from the compliance authorities. The need to remain competitive is one obvious reason. Another potential push would be from the changing user profile within an organization. The smart generation is getting to the workplace now, if not already. They are used to smart applications for personal and domestic needs, and are well connected with their peers using social media. The combination of smart workforce and demanding customers is likely to make the intelligent enterprise come alive in no time.

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About the Author

Manoj P

Director (Product Lifecycle Management). Information technology leader with outstanding track record of success in designing, delivering and supporting business-aligned technology solutions on a global scale for Industry-leaders across verticals. He has 29+ years of industry experience, including 20 years in SAP with IVL.

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