In a world where businesses are continuously looking for ways to reduce costs and ultimately strengthen their bottom lines, maximising efficiencies is at the top of the agenda for CEOs...
In a world where businesses are continuously looking for ways to reduce costs and ultimately strengthen their bottom lines, maximising efficiencies is at the top of the agenda for CEOs. And this is particularly true for businesses operating in the professional services industry.
In this blog we'll be exploring how SAP S/4HANA Cloud, a ready-to-run ERP solution can help position your organisation at the forefront of innovation - revolutionising project operations to enhance customer satisfaction and maximise profitability.
With several projects on the go at any given time, it can be all too easy to lose track of progress whilst feeling the weight of looming deadlines and increasing customer expectations. This can lead to manual errors across systems, unreliable data due to incorrect input, and margin leakage caused by these inefficiencies.
Enter SAP S/4HANA Cloud.
SAP S/4HANA Cloud is a ready-to-run ERP that helps you connect processes and people to integrate your company with the digital world at large. Designed to deliver the latest industry best practices, SAP S/4HANA Cloud helps professional services businesses to re-imagine business models and project operations to revolutionise service delivery, increase customer satisfaction, and boost efficiencies – all geared towards maximising profitability and paving the way for growth.
How? Here are four of the key ways in which SAP S/4HANA Cloud helps businesses improve project operations:
With SAP S/4HANA Cloud, you can efficiently manage the scheduling of your workforce with transparency that enables reporting and feedback, whilst leveraging intelligent talent networks to fill any gaps. With this well-oiled resourcing machine at your fingertips, you can be sure that every project is staffed with the right skills, at the right time.
What’s more, by leveraging automation to reduce manual processes, you can let your experts get back to focusing on billable work and reducing service delivery costs.
From contract development and procurement right through to project completion, automation can help simplify your processes to help protect and grow profit margins.
In addition to freeing up your workforce, next generation automation with SAP S/4HANA Cloud helps reduce the risk of error, thanks to seamless integration across operational and financial systems. From contract development and procurement right through to project completion, automation can help simplify your processes to help protect and grow profit margins.
Reminders can also be automated to ensure the right data is inputted into the system at the right time. For example, employees can be reminded of outstanding reports or incomplete timesheets, as well as receive time-sensitive notifications, such as when a project is within a 10% margin of its estimated budget.
Access to the right data at the right time is a game-changer when it comes to maximising profitability. Data such as insights into revenue, margins, and work in progress at any level can be accessed in real-time thanks to SAP S/4HANA Cloud’s user-friendly dashboards.
And when it comes to project management, a holistic view of what’s happening inside of one project, or several projects at once is paramount for success, and can’t be achieved when relying on spreadsheets, siloed systems, or outdated technology. Such a holistic view not only reduces the unnecessary time it would historically take your employees to gather relevant data, but it can improve customer satisfaction, too, as your teams can quickly gather and share information with clients.
When is comes to managing projectsa holistic view of what’s happening inside of one project, or several projects at once is paramount for success.
When it comes to supercharging your project operations and maximising profitability, it’s important that business-critical decisions are made quickly and derived from dependable data.
With SAP S/4HANA Cloud’s in-memory computing capabilities store and real-time visibility of project status, you can feel data-confident with a single source of truth. And by tapping into comprehensive insights from across your entire value chain, you’re empowered to drive informed decision-making when it matters most.
Position your organisation at the forefront of innovation with an optimised network of resources, next-generation automation, real-time visibility, and the power to make informed decisions quickly.
To schedule a system demonstration with one of our experts, or for more information about how SAP S/4HANA Cloud can help your business to maximise profitability and super-charge project operations, get in touch.
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