Latest SAP S/4HANA Cloud Update focused on manufacturing and service industries.
SAP has made its latest update of its SAP S/4HANA Cloud 1808 enterprise resource planning (ERP) platform generally available for business use. A few new features were included in the 1808 update by the German multinational, aimed squarely at the manufacturing and professional services industries. SAP recently announced a triple collaboration with Accenture, Capgemini, and Deloitte in June this year to drive the use of their SAP S/4 HANA ERP cloud platform.
In the 1808 Update, what are the new features?
There are some new features that build on the SAP S/4HANA Cloud 1805 release earlier this year with the SAP S/4HANA Cloud 1808 update. On the financial side, for SAP’s Financial Statement Insights, Smart Alerts was introduced, which aims to detect unusual business situations involving revenue and cost accounts. SAP RealSpend also introduced anomaly detection where it uses machine learning to detect expenses involving fraud, seasonal effects, incorrect reservations, and unusual amounts. The SAP S/4HANA Cloud 1808 update also includes some new features in manufacturing, including capacity evaluation and adjustment.