For years, SAP ERP has been a virtual, human-like assistant for businesses globally. To date, the world’s #1 ERP is preferred by multinationals to fast-growing, ambitious companies. In fact, as per the SAP corporate fact sheet, 99 of the 100 largest companies in the world are SAP customers. And small and medium-sized enterprises make up 80% of SAP’s customers.
As of 2024, SAP offered packaged solutions for 26 industries and 12 lines of business on Cloud, on-premise, and hybrid. So, it is intriguing to learn about the latest emerging innovations through the lens of SAP solutions. Today, let us deep-dive into SAP trends and latest innovations that are set to pave the way for future enterprise automation.
Read this article to understand how to uncover true business value by leveraging these latest SAP solutions to steer your business toward disruption readiness.
What’s Latest in SAP Solutions in 2024: SAP News
SAP AI copilot – At both SAP’s recent events, SAP Now Mumbai India and SAP Sapphire in Orlando, SAP leadership showcased their focus on business AI copilot, emphasizing the importance of its GenAI assistant, SAP Joule. SAP CEO Christian Klein reports one in five deals in 2024 Q2 involved premium AI use cases.
SAP CX AI Toolkit – In a major move, SAP has consolidated its customer experience (CX) applications under a single platform. This streamlines management and paves the way for automation, AI integration, and custom app development across all CX functions. Even more exciting is the debut of the CX AI Toolkit. This innovative suite empowers businesses to create a digital “personal shopper” for customers, offering tailored experiences powered by generative AI. This strategic shift positions SAP as a leader in crafting personalized customer journeys through AI-driven solutions.
Focus on Clean Core – One key message emerging from SAP Sapphire in Orlando was “keep the core clean.” Clean core is a strategic approach to implementing and maintaining SAP S/4HANA Cloud. It emphasizes minimizing customizations and maximizing the use of standard SAP functionalities. By adhering to this principle, organizations can achieve a more agile, maintainable, and cost-effective SAP landscape.
SAP ECC to SAP S/4HANA Cloud – While 1,500 customers have adopted or are transitioning to SAP’s next-generation cloud platform, RISE with SAP, from a total customer base of 27,000, a significant number of organizations still rely on the legacy ECC system. With ECC maintenance ending in 2027, and a possible extension to 2030, all SAP ECC customer businesses are being encouraged to migrate to SAP S/4HANA.
Ongoing SAP Solutions Trends
SAP S/4HANA Adoption: Organizations are rapidly modernizing their core business operations by migrating to SAP S/4HANA. This next-generation ERP platform offers advanced capabilities, an intuitive user experience, and real-time insights to drive operational excellence.
The Intelligent Enterprise: SAP’s vision of the Intelligent Enterprise is gaining momentum. By integrating AI, machine learning, IoT, and analytics, businesses can harness data to automate processes, make informed decisions, and achieve new levels of efficiency.
Cloud First, Experience-Driven: The shift to the cloud is accelerating, with SAP Business Technology Platform (BTP) becoming the foundation for innovation. SAP’s cloud solutions, including S/4HANA Cloud and SuccessFactors, are empowering businesses to become more agile and customer-centric. Additionally, a strong focus on experience management is helping organizations deliver exceptional customer and employee journeys.
SAP’s cloud revenue soared 25% year-over-year in Q2 2024, exceeding analyst expectations. This surge in cloud adoption contributed to a 6% pre-market stock price increase. The company also reported a significant 28% growth in its cloud backlog, indicating strong continuing demand.
Industry Focus and Sustainability: SAP continues to invest in industry-specific solutions that address the unique challenges and opportunities of various sectors. Moreover, sustainability is a top priority, with SAP providing tools and insights to help businesses reduce their environmental impact and meet ESG goals.
Integration and Extension: As IT landscapes become increasingly complex, seamless integration and extensibility are crucial. SAP’s integration and extension capabilities enable businesses to connect disparate systems and tailor solutions to specific needs.
SAP Business One: The solution is still the choice of most Indian companies. SAP Business One also has many innovations as of 2024, including it being a mobile ERP, operating on cloud and with embedded AI. SAP Business One also is also easily customizable as per industry-specific requirements, with the help of an SAP support partner.
A Roundup of SAP Solutions’ Trends in 2024
This year’s SAP trends emphasize a forward-thinking technology landscape that operates with a clean core, responsive cloud solutions and intelligent technologies. For more information or to request a demonstration of the lastest SAP offerings, get in touch with Uneecops, an SAP Platinum Partner in India.
