SAP’s third 2017 release for SAP S/4HANA Cloud 1708 is now available, with enhancements to user experience and machine learning.
The enhancements underpin key innovations for the finance, procurement, manufacturing and professional services sectors.
For the finance sector, SAP said in an update on the new release, its focus is on replacing manual aspects of day-to-day finance with automation. This update includes functionality to cover treasury management, including fixed term deposits, FX forwards and interest rate swaps, as well as further updates to risk management, contract and lease management, and debt and investment management.
For manufacturing businesses, a new demand-driven MRP procedure is based on buffer levels, resulting in optimal replenishment orders. Newly enabled advanced variant configuration will allow for the efficient modelling of configurable product with a configurable bill of materials. Other updates include the integration of physical warehouses by third-party warehouse management solutions to SAP S/4HANA Cloud to cover sales and procurement processes.
Meanwhile, for the professional services sector, SAP has delivered innovations through the commercial project lifecycle, including advances in resource scheduling, time and expense management, and project profitability. To enable global operations, SAP S/4HANA Cloud 1708 will also now support core functionality for financial planning, consolidation and profitability across subsidiaries, including the ability to upload data and allocate cash to subsidiaries while consolidating reporting, use subsidiaries as local sales offices with order-to-cash and inventory management, and to use plan-to-produce processes to manage subsidiaries as production units that use headquarters as an internal supplier.
The new release of S/4HANA Cloud includes new regulatory support for Sweden and Ireland, new support for languages including Arabic, Chinese, Swedish, Korean and Italian and a new data centre based in Osaka, Japan. The next release for S/4HANA Cloud will be delivered in November.
Originally posted on August 11, 2017 by Freya Purnell on Inside SAP online.