Thursday, Apr 22, 2021
International Finance
Technology

SAP takes India Inc. to the Cloud powered by Machine Learning and AI

SAP, Cloud, AI, Machine Learning, India, GST, Deb Deep Sengupta, SaaS
SAP S/4HANA Cloud is an Intelligent ERP with built-in machine learning and AI capabilities, and helps to streamline business processes with a simplified user experience, thus helping organisations transform into ‘Intelligent Enterprises’

SAP recently announced that its intelligent cloud enterprise resource planning (ERP) software-as-a-service (SaaS) solution SAP S/4HANA Cloud is now available in India.

The solution combines automation of mundane tasks with pre-emptive decision making, to increase overall business agility. With the S/4HANA Cloud, businesses will be notified of the latest innovations through quarterly updates, granting them access to the latest innovations in areas such as predictive analytics.

With conversational AI platforms being the next big paradigm shift in IT, SAP has integrated SAP CoPilot with the SAP S/4HANA Cloud. The solution is the first true voice-activated digital assistant for enterprises that enables users to to get their work done more quickly and efficiently, while increasing teamwork across business processes. Powered by machine learning and AI, SAP CoPilot is aware of business contexts, driving efficient collaboration, quickly recognising and connecting to business data and offers in-context chat.

“India is expected to be among the top cloud markets in the world by 2020, with $4.1bn market opportunity,” said Deb Deep Sengupta, President and Managing Director, SAP Indian Subcontinent. “By making our digital core all pervasive through cloud with SAP S/4HANA Public Cloud, our market leadership in ERP space is poised to be replicated in the cloud as well.”

“Around the world cloud first is the path forward, SAP S/4HANA Cloud will be swiftly taking Indian enterprises into the digital age,” said Melissa Di Donato, Chief Revenue Officer, SAP S/4HANA Cloud. “The intelligent cloud suite will support large and midsize Indian companies to further accelerate innovation. Our aim is to enable organisations to ‘Automate’ processes, gain ‘Assistance’ in focussing on mission-critical applications, and eventually ‘Act’ based on context-aware decisions.”

The SAP S/4HANA Cloud serves customers in various product-centric and service-centric industries to help them achieve instant value, cost savings and improved efficiencies across project management, manufacturing, sales order management, inventory and supply chain management, finance and procurement. help customers achieve instant value, cost savings and improved efficiencies. Over and above these functionalities SAP S/4HANA Cloud has been localised specific to India to support:

  • Indian specific master data, such as GST Vendor Classification, Invoicing Party (required for calculation of taxes), field enablement to maintain GST Registration Number
  • Tax and pricing procedures – including the ones introduced with GST taxes
  • Journal Voucher- Tax adjustments for the GST incoming invoices
  • Invoice generation for logistics scenarios, such as Procurement for Direct Materials and Services, Subcontracting, etc.

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