SAP SE SAP has recently joined forces with its long-standing business partner, Accenture plc ACN, to improve “industry development and go-to-market” strategies for the former’s proprietary offering, SAP Business Suite 4 SAP HANA (SAP S/4HANA).
The collaboration aims to foster the development of SAP S/4HANA and line-of-business solutions that are helping its clients to reshape the very core of their digital businesses. Accenture’s teams in Germany and Shanghai are working to improve the design and build of SAP S/4 HANA finance solutions. New applications for the finance suit are also in the pipeline, leveraging the competence of SAP Fiori user experience.
This apart, the companies plan to jointly develop go-to-market strategies for creating differentiated solutions and flexible delivery capabilities for cloud deployments. The companies believe that such combined efforts will help enhance the momentum of SAP S/4HANA adoption. Moreover, Accenture’s profound delivery expertise is expected to be heavily conducive toward reducing “time-to-market” duration, the time period between a product being conceived and its commercial launch, of core and industry cloud solutions.
S/4 HANA has become immensely popular as a “mission critical control center” for businesses that trail digital transformation. The product’s remarkable market traction can turn competitors like Oracle Corporation ORCL and Workday in the “Software as a Service” domain go green with envy. For instance, the university hospital at Frankfurt has switched to SAP HANA from Oracle database for running their cloud applications. Also, in Europe, over 1000 clients have chosen SAP’s HCM solutions over Workday’s cloud offerings.
Overall, SAP S/4 HANA has 1,300 users as of Oct 20, 2015, eight months since its introduction in the market. The application is being zealously embraced by an increasing number of big clients such as HP Inc. HPQ, Bayer, Beijing Shunxin and Nomura Research Institute. Going forward, we believe SAP S/4HANA’s popularity will attain new peaks as SAP Cloud, powered by HANA, is an exclusive application offering ‘real-time digital data’ for modernization of client operations. This, coupled with positive industry trends like higher spending on advanced statistical software, is expected to bolster this Zacks Rank #3 (Hold) stock’s prospects.
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