How Have Previous SAP Trends Changed the Way Businesses Run in 2021?
2020 has been an unpredictable year. But, the current year promises growth, and with the digital transformation age underway, businesses that have survived look forward to an innovative year. Find out more.
In 2020, the COVID-19 pandemic affected all industries and the people working in them. This disruption has forced most companies to change their processes. With an increasing focus on building their businesses from the ground-up, a digital transformation is coming at full pace. COVID-19 simply increased the momentum at which businesses were transforming.
SAP solutions have equipped businesses to respond to a host of problems associated with the pandemic. But, the predicted trends of 2020 did not come entirely true because of the scale of economic distress across the world. Many companies learned from their mistakes and continue to perform. Those who did not are no longer up and running in 2021. Let’s look at how SAP responded to the challenges posed by the pandemic.
What is the latest in SAP ERP Software?
The flagship software, SAP S/4 HANA uses in-memory computing to generate faster real-time analytics. It equips businesses with a real-time view of the working of processes. Also, it provides easy-to-use workflows for enhanced automation. Also, it provides actionable insights into areas that require remedies. In fact, in 2020, SAP predicted that SAP S/4 HANA would revolutionize technology behind major supply chain businesses.
How is SAP S/4 HANA helpful in supporting businesses?
SAP forecasts that businesses will invest in SAP ECC Migration to HANA. In fact, SAP S/4 HANA provides some key features such as:
- It optimizes daily operations
- Transforms and reorganizes data models
- Faster analytics to assess business processes in real-time
These insights make the software highly lucrative for companies looking to get ahead of the competition in 2021. Read further to know the challenges faced by SAP to ensure their clients’ businesses remain up and running.
How did the company create solutions for businesses struggling with the pandemic?
SAP is currently working on an approach to make it easier for businesses to adapt to the pandemic and thrive under the pressure. However, during the global pandemic, many pointed out several vulnerabilities in various sectors made apparent by the crisis. Here are three problems that were faced by businesses:
- Enterprises were unable to stabilize cash flow to take care of employees and keep their business afloat.
- Many employees were working remotely and a lack of communication posed a serious challenge.
- Lack of customers willing to leave their houses to purchase basic commodities led to stagnancy in various markets.
In fact, the third problem affected food supply chains drastically because no family was willing to buy groceries and get infected in the process. Let’s talk about how SAP solutions were useful in 2020.
What was the COVID-19 response from SAP?
To combat the economic strain on food supply chains, SAP helped create a food delivery system to target a new consumer base: families needing groceries to reach their homes. The new approach to doing business provided many insights into a new form of leadership during the COVID-19 pandemic. A focus on purposeful thinking continues to drive growth. Let us explain further.
Leadership Trends in 2021
Here are some aspects of new leadership after businesses overcame the COVID-19 crisis:
- Deriving ways to approach the digital transformation age by focusing on the “human element.”
- Improving employee flexibility in terms of where they can work. Employers continue to enable their workforce to work anywhere.
- Companies can employ SAP solutions to drive employee engagement, productivity, and retention.
Companies learned a lot from the smart choices they made during the crisis. But, the hardships they faced improved their understanding of technology, and how it should be used to improve employee’s lives. This is what I mean by the “human element.” Furthermore, due to the pandemic pressure, the SME sector has had to cut corners on operation costs. But, it remains driven towards boosting employee productivity.
Interestingly, one of the data trends that emerged this year was the importance of performance metrics. With the right information on your business, you can assess its performance in real-time. If your company needs to change the way it approaches complex problems, then an SAP S/4 HANA implementation can be highly useful. By knowing how your business performs, you can take decisions that allow your company to work in synergy with a thriving workforce. Contact Amity Software to know more. Schedule a free consultation with us.