In today's increasingly complex business landscape, small and medium-sized enterprises (SMEs) often face challenges in growing their businesses due to a lack of resources in terms of personnel and technology. By adopting GROW with SAP - a leading Cloud ERP solution that has been gaining significant attention recently, SMEs will be able to solve business management problems more effectively, optimize business processes with appropriate deployment costs.
The article below will answer the detailed information of what is GROW with SAP, and the difference between the two Cloud ERP solutions "GROW with SAP" and "RISE with SAP".
1. What is "GROW with SAP"?
"GROW with SAP" is an ERP implementation solution with fast deployment time, specially designed by SAP for small and medium-sized businesses transitioning from traditional to modern enterprise resource planning. Technologically, GROW with SAP is based on two main solutions: SAP S/4HANA Public Cloud and SAP Business Technology Platform (SAP BTP).
SAP S/4HANA Public Cloud
The core system behind SAP GROW is SAP S/4HANA Public Cloud. This is the public cloud edition of the latest SAP product generation S/4HANA, bringing a new wind to business management due to its fast deployment and ease of use. This solution has been standardized, comprehensively preconfigured and ready-to-use, thereby offering the latest best practices for many industries and fields, and providing continuous innovation. Integrated with important business management feature sets, GROW with SAP covers all core processes in Finance, Sales, Purchasing, Production, Supply Chain, Services, Asset Management, R&D and Engineering.
SAP Business Technology Platform (SAP BTP)
In addition to the Cloud ERP system, SAP BTP is also an important part of SAP GROW. This is an innovation platform that creates personal experiences in business processes, builds applications, analyzes and synthesizes quickly. Businesses can build their own applications, design business websites, build AI-based analytics, and automate processes. The SAP BTP solution is based on available tools to build automated processes without having to write too much code, so users do not need to have deep programming skills to use it easily.
With GROW with SAP, SMEs have many advantages as the deployment process takes only 6-8 weeks with a reasonable cost to optimize business processes. With the characteristics of the Public Cloud version, GROW with SAP contributes to supporting businesses in the application and deployment of Cloud ERP quickly, easily and continuously updated.
2. Outstanding features of GROW with SAP
Finance
Financial management is significant for every business. This function is integrated in SAP GROW to help the Finance Department have accurate information about the company's overall financial situation. AI-driven processes help improve forecasting accuracy, shorten reporting cycles, and simplify decision-making with real-time data. Furthermore, GROW with SAP supports businesses to have a deep insight into their financial performance, effectively manage costs and mitigate financial risks.
Manufacturing
Manufacture is a very important part of the business in the supply chain. The GROW with SAP solution provides the necessary built-in capabilities to automate processes and support informed decision-making through AI, simulations and real-time insights with a holistical production plan from high-level forecasting to production scheduling.
Procurement
The solution package supports the implementation of leading procurement processes, enabling the procurement to adapt to intelligent processes according to their specific needs. By a thorough user-experience upgrade, businesses can effectively manage costs, drive sustainable savings and increase work efficiency.
Sales
GROW with SAP covers the complete customer order lifecycle from start to finish, supporting revenue streams, improving sales team performance with built-in system intelligence and cross-team collaboration.
With complete and accurate customer data, the solution package helps businesses focus on valuable sales opportunities at the right time. Through that, businesses can drive sales success, enhance customer satisfaction and expand new customer sources.
Services
The GROW with SAP offering provides a combination of fee and business models to facilitate project implementation in a simple and smooth manner, optimizing the customer experience.
Supply Chain
Providing standard processes, the GROW with SAP solution paves the way for flexible and powerful business operations. Furthermore, GROW with SAP helps optimize supply chain operations through real-time inventory and material flow analysis, and provides more profitable and sustainable transportation scenarios.
Asset Management
Equipped with standard management processes based on industry best practices, GROW with SAP facilitates the effective utilization of assets. Businesses can ensure business continuity, improve employee productivity, gain visibility into key metrics, and thereby define optimal asset management strategies.
3. Differences between "GROW with SAP" and "RISE with SAP"
GROW with SAP and RISE with SAP are two main ERP implementation solutions developed by SAP that allow for the full installation of all modules within the enterprise resource planning (ERP) software suite. Both processes offer continuous upgrades without disruption and are built on a three-system landscape: development, testing, and production.However, these two solutions have significant differences in terms of purpose and functionality.
RISE with SAP (also known as SAP S/4HANA Private Cloud) is a solution tailored for large enterprises to help them migrate their existing ERP data, processes, and capabilities to the cloud. With this solution, organizations can transition from SAP ERP, SAP ECC, or other legacy ERP software to SAP S/4HANA Private Cloud. Due to its complexity and high degree of customization for each enterprise, this solution requires a longer implementation time and has a higher cost than GROW with SAP.
Compared to RISE with SAP, GROW with SAP offers several more flexible features:
- GROW with SAP (SAP S/4HANA Public Cloud) is a solution specifically designed for small and midsized enterprises (SMEs) or businesses new to ERP.
- With its leaner and ready-to-use features, GROW with SAP helps businesses quickly adapt to a new cloud-based management approach, leveraging a pre-existing public infrastructure that is hosted and operated directly by SAP.
- Implementation time is fast, as the solution is preconfigured according to comprehensive standards and ready for immediate use.
- For the same reasons, the implementation cost of GROW with SAP is also very flexible and optimized, suitable for the cost-saving budgets of SMEs.
Despite being designed for midmarket companies, GROW with SAP still has the same basic features as those found in RISE with SAP for large, multi-industry enterprises. Both of these Cloud ERP solutions are currently the focus of attention for business managers who want to leverage the power of technology to enhance their business value.
With a team of experienced experts who are always quick to catch the latest technology waves, CMC Consulting is confident in providing consulting and choosing the most suitable Cloud ERP solutions for businesses. Contact us today to learn more about the solutions!
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Reference articles:
CMC Consulting
19/04/2024
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