Why you should know about the SAP HANA

In 2013, a new application known as the SAP HANA was developed by SAP consulting. HANA is an acronym for High-Performance Analytic Appliance, which is a combination of a huge quantity of data that are valuable. Results that are relevant are also generated in real-time to the benefit of the organization. When the normal analysis of data can no longer cater for the quantity of data that is flowing into a business, there is a need to upgrade and get a better and more efficient means of analysing the huge data. This is where the HANA application is applicable as the application has the ability to accurately and quickly generate a huge quantity of data. With several SAP partners currently giving training about SAP HANA , it would be very easy to learn how to use it.

About SAP HANA

SAP HANA is an effective and efficient substitute for the old method of data analysis, which often consumes a lot of time. This is due to the fact that it combines powerful hardware and software, which are distributed by SAP partners, and aids in analysing data from different sources efficiently and quickly even when such data is very large.

With the implementation of SAP HANA, it is very simple to quickly analyse and manage huge quantities of data in a manner that is very affordable. Manipulation and management of data complexities also decreases significantly when data is analysed with this application. Based on this, the SAP HANA has the capability to enhance an organization’s business when it is implemented. It achieves this by making it relatively easy to find out which sales are profitable as well as market opportunities when the received data are timely and accurate.

How SAP HANA works

The memory is used to get operational business with the aid of SAP HANA, while the activities of the business are not affected. This gives a flexible display of information in real-time. More data can also be added to the models, including external data so that the analysis for the business is expanded. Organizations can carry out research immediately as well as check their analytical and transactional data instantly from any of their sources of data. There are different information access alternatives that are offered by SAP HANA. When you know how to carry out the SAP HANA implementation, you will be able to use the requirements and circumstances on ground to install an optimized SAP for a business. With the effective functioning of the product, the businesses will be able to enjoy the benefits of SAP HANA.

Benefits of the SAP HANA

The total expenses on owning the SAP HANA is significantly reduced due to the fact that lower maintenance, hardware and testing is required

New business models and businesses can be attained leading to solutions that would enhance a business

The key process of business is accelerated due to enhanced reporting and analysis

It is possible to quickly make business decisions that are relevant and effective due to the real-time information that is gotten from the application

The advantages and disadvantages of ERP software

A lot of companies are unaware of the immense benefits of the ERP software. To some, it is another way that software vendors “try” to use in selling their products. In this article, we will state some of the benefits and the reasons why some companies neglect the benefits associated with this system.

ERP is a tool that businesses can use to process and manage information from all departments of the company. For example, XYZ company has various departments such as accounting, sales and supplier, human resource management, budget, etc. The information in each department is different and using different systems may become complicated and expansive to maintain, but through the ERP system, all the information in these departments can be facilitated, coordinated and stored in one central database. The real goal is to ensure that all information is retrieved faster and are in sync with each other.

With any business solution, there are advantages and disadvantages and this varies. What one business may view as a disadvantage may be an advantage to another. For the large businesses, one of the benefits is the integration of information and visibility. The ERP system provides complete visibility into all the processes across various departments of an organization. It gives the business the opportunity of integration to every procedure of the business.

Another advantage of ERP system is that adding new functions to the system is easy. New processes or departments can be added. For businesses that tend to grow faster in a little space of time, the ERP system gives the additional advantage of creating more departments or functions to cover what wasn’t in the original system.

The ERP system increases the availability of information. Assuming XY company doesn’t have a central database and the accounting department requires particular information from budget department, such information won’t be available at the time needed and thereby reduces the productivity of the account department.

ERP system gives business owners a clear picture of their operations and makes it easier for sales forecasting, revenue tracking, order tracking, etc. With the use of the ERP system, web-based tracking and processing can be handled faster and effectively.

Finally, ERP system helps your business save time by aligning with various departments.

Just as it was previously stated, what may be good for one business may not be good for another. Some businesses find it hard to use the ERP system because of cost. The cost of the entire process of a ERP project from the planning, implementation, customization to the training and updates is very high and this discourages most business owners.

The transfer of vital data or information to the new ERP system is difficult to achieve because the process consumes resources, time and money.

Whatever may be the reason to use or not to use an ERP system, your focus should be for the future of your business and consider if your decision is worth the sacrifice.