The world of ERP is ever-changing, and SAP continues to lead the way in innovation with its suite of enterprise resource planning software. The latest release of this suite, SAP S/4HANA Cloud, public edition 2308, is packed with new features and enhancements designed to improve business processes, boost user experiences, and accelerate digital transformation.
In this blog, we’ll look at some of the key features of this release, and how it can help your organization and its migration journey. Whether you’re already using S/4HANA Cloud or planning to adopt it through RISE with SAP, this update has something to offer you.
It is essential for companies to keep up with the most up-to-date intelligent capabilities provided by SAP S/4HANA. So, let’s delve into the top three most used intelligent cases you mentioned:
SAP Cash Application
Benefit: SAP Cash Application is revolutionizing the way finance departments work. It streamlines the cash application process by leveraging machine learning algorithms that accurately match inbound payments with outbound invoices.
Immediate Impact: Manual efforts and mistakes related to cash reconciliation are minimized. Faster cash application leads to better cash flow management, lower DSO, and improved customer satisfaction due to faster invoice settlement.
Predicted Delivery Date
Benefit: Accurate delivery date prediction is one of the most important features of a logistics or supply chain management system. This feature uses artificial intelligence (AI) and historical information to provide accurate estimated delivery dates.
Immediate Impact: By providing accurate delivery information, reducing unpredictability, and allowing for better planning, businesses can improve customer service, customer satisfaction, and potentially reduce delivery costs by optimizing routes and allocating resources more efficiently.
Sales Performance Prediction
Benefit: Sales performance prediction uses predictive analytics to predict sales trends, uncover opportunities, and reduce risk. It provides sales teams with the data they need to make informed decisions.
Immediate Impact: By improving sales forecasting, businesses can streamline sales processes, pinpoint weak points, and optimize resource allocation. This in turn improves inventory management and optimal pricing, ultimately resulting in higher revenue and profitability.
Now, without further ado, let’s dive into the highlights of SAP S/4HANA Cloud public edition 2308. Check out the video below to see:
Watch this video to get an overview on the top highlights of the SAP S/4HANA Cloud, public edition 2308 release.
SAP User Experience
As part of our continuing commitment to providing a smooth and easy-to-use experience, we strongly encourage you to move from the traditional groups configuration to spaces and pages, which is SAP’s preferred way to visualize and organize content on your SAP Fiori startpad.
Moving to spaces and pages offers significant benefits in terms of accessibility, layout, and consistency with workflows in an intuitive and organized way. In addition, it serves as an essential building block for the My Home functionality, which was first introduced in SAP S/4HANA Cloud public edition 2208 as the new standard point of entry into your system.
- Color-coded to show the type of system
- Personalized navigation bar
- Custom news display
- Drag-and-drop app grouping, and more
New customers can already use spaces and pages, and My Home is already the default. For existing customers, now they can move to spaces & pages before groups are deprecated in the next version!
Using spaces and pages, My Home organizes tasks, apps, and applications in an easy-to-use and organized manner. More Personalization Options and Other Enhancements shipped with this version.
If you’re talking about streamlining your work, what better way to streamline your work than by improving collaboration? Here’s the good news: Share as Tab is now available as an add-on in most Collaborative ERPs. With Share as Tab, you’ll be able to speed up your decision-making process by sharing SAP Fiori business data through ‘tabs’ in Microsoft Teams chats, channels, and groups.
Easily share SAP Fiori data across channels, groups and chats in Microsoft Teams by using tabs.
In the quest for financial accuracy, completeness, and regulatory compliance, accountants are the linchpin, meticulously validating account balances across various financial positions and dimensions like cost objects, profit centers, and segments during the financial close process. This validation process encompasses preventive checks before closing tasks, validations post-closure, milestone assessments, and more.
To bolster these critical processes and empower accountants with the necessary tools, automated supervision of closing tasks and account balance validation through two new SAP Fiori apps is followed: ‘Manage Balance Validation Rules and Groups’ and ‘View Balance Validation Results.’
Automatic closing tasks monitoring with account balance verification saves time in closing tasks and improves financial statement quality.
Governance, Risk, and Compliance (GRC)
Compliance specialists now have full visibility into the current status of issues and remediation management with the help of the ‘Issues Overview’ app. Through the intuitive operational dashboard, they are led by the system to the issues that need their attention and can drill-down directly to take immediate action on them. Here, we provide predefined cards for analysis of the most commonly used topics such as: issues by conclusion, open issues by status validation findings that require follow-up and more.
New operational dashboard delivers real-time insights, full transparency and shortens response time.
Advanced order split for orders allows you to divide an existing production order, for which processing may already have started, into two different production orders. These two production orders are executed separately from a logistical point of view. For production orders settled by event-based production cost posting, the system posts the proportional actual costs based on the split quantity from parent to child order. This allows you to respond faster to quality issues or bottlenecks and analyze the costs associated with the orders in greater detail, providing you with more flexibility in managing your orders.
Advanced Order Split for Production Orders An existing production order can be easily divided into two different production orders using advanced order split.
Composite barcodes are handled by the barcode scanner function of SAP Fiori applications. Composite barcodes follow international GS1 standards. Posting multiple materials at once is possible if first temporarily saving selected materials in the item list (Add to List) from this list. Later, you can select the materials you want to post simultaneously. This innovation brings faster and more effective processing for inventory adjustments and improves process coverage by improving apps to support end user in their daily inventory management operations. Public Edition 2308 SAP S/ 4HANA Cloud SAP Fiori Barcode Scanning Composite Barcodes Composite SAP S /4HANA Cloud public edition 2308 improves the speed and efficiency of the processing of inventory adjustments. It improves process coverage by improving the apps to better support the end users in their daily operations in inventory management.
In Sales, Harmonized Document Management (HDM) is provided for Attachments in Billing Process Documents, which allows you to migrate from GOS (Default Attachment Handling Framework) used by Billing Process Documents (Billing Documents, Pending Billing Documents, and Billing Document Requests) to HDM. You will benefit from Automated and Configurable Attachments Handling that spans from Billing Document Request to Billing Invoice. This enhances attachment handling flexibility across the billing process, saving time and reducing manual effort by pre-determining output behavior for particular attachments of Billing Documents and Pending Billings Documents. Easy differentiation between Internal Attachments supporting your employees and External Attachments intended for your customers.
SAP remains at the forefront of ERP innovation, and the SAP S/4HANA Cloud, Public Edition 2308 release is a attestation to their commitment to helping businesses thrive in the digital age. Stay updated, embrace change, and unlock the full potential of your organization with SAP’s cutting-edge solutions.