German business software giant SAP SE today released the latest version of its enterprise resource planning (ERP) suite, saying the newest S/4HANA Cloud product will help businesses keep up with advancements in the changing era of digital transformation.
Known as SAP S/4HANA Cloud 1902, the releaseincludes upgrades to its warehouse management for manufacturing capabilities, enabling inspection of products delivered from production or external suppliers before they are stored in the warehouse, and allowing usage decisions for partial lots, in cases when only some of the stock items in the inspection lot are of good quality.
The upgrade also boosts capabilities for transportation management for manufacturing, allowing users to view transportation charge details and manually calculate charges; see the transportation charges based on the relevant freight agreement between your company, the purchasing organization, and the carrier; and get the freight cost broken down at the level of each delivery item based on gross weight.
Other changes affect the ERP product's capabilities in service management for manufacturing, advance financial close for all industries, and time-based revenue recognition.
The upgrade follows SAP's announcement in 2018 that its S/4HANA suite would be available on the three major cloud service providers—Google's Cloud Platform, Microsoft's Azure, and Amazon Web Services (AWS)—to enable faster deployment and improved data security.Also in 2018, the company upgraded its customer relationship management (CRM) business suite—called C/4HANA—in order to help users serve their customers better by balancing the competing demands of product customization and data privacy.