Enterprise application software provider SAP SE’s SAP next-generation SAP Business Suite 4 SAP HANA (SAP S/4HANA) has recently gained a new customer in the form of India-based information technology behemoth Wipro Ltd. WIT. SAP’s Global Service & Support organization team, along with Wipro, will work on the project which will likely be functional from 2016.
Wipro’s Business Transformation
Previously, Wipro had deployed SAP’s Enterprise Resource Planning (“ERP”) suite. Now the company aspires to deploy other offerings from SAP, including SAP S/4HANA Finance solution, SAP Financial Closing cockpit, SAP Fraud Management analytic application, SAP Cash Management application, and SAP Treasury and Risk Management application.
This apart, Wipro has also bargained for SAP’s BusinessObjects Business Intelligence platform and Access Control application to simplify its business structure, drive operational results and reduce IT-related expenditure. SAP S/4HANA is widely popular among clients for its business-simplification abilities and its selection by Wipro reinforces this fact.
Leveraging SAP S/4 HANA’s recent upgrades and technological prowess, Wipro intends to manage a gamut of mission-critical business processes including finance, human resources, manufacturing, research & development and extended supply chain. Additionally, with this suite, Wipro would improve other core business processes like order-to-cash, procure-to-pay, plan-to-product and request-to-service processes and core capabilities.
S/4 HANA Success Story
S/4HANA has established itself as a “mission critical control center” for businesses pursuing digital transformation. Acting as the company’s primary growth catalyst, SAP S/4HANA has already sealed 1,300 users as of Oct 20, eight months afterits introduction in the market. Its customer base includes big names such as HP Inc. HPQ, Bayer, Beijing Shunxin and Nomura Research Institute. During the third quarter of 2015, SAP’s next-generation suite was also chosen by Bosch Group in Germany for simplifying the latter’s business model as well as enhancing customer satisfaction.
Market research company Gartner forecasted that global spending on enterprise application software will likely grow 7.5% to $149.9 billion in 2015, as increasing number of companies continue to upgrade core functionality. Moreover, as per the report, marketing, e-commerce and advanced analytics software recorded highest growth during 2015, with total spending on enterprise application software expected to reach $201 billion by 2019. Also, according to the latest reports of Research and Markets, the global ECM (?) software market is expected to grow at a CAGR of 13.66% during 2014–2019.
Going forward, we believe SAP S/4HANA’s popularity will surge as SAP Cloud, powered by HANA, offers ‘real-time digital data’ devised for modernizing client operations. This, coupled with positive industry trends like higher spending on advanced statistical software, is expected to bolster the company’s growth.
SAP currently has a Zacks Rank #3 (Hold). A better-ranked stock in the industry at the moment includes Autodesk, Inc. ADSK, sporting a Zacks Rank #1 (Strong Buy).
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