SAP HANA® is SAP’s brand of in-memory computing, a technology that handles massive data sets without breaking a sweat. SAP® built its latest next-generation intelligent ERP (SAP S/4HANA) around this technology. SAP launched SAP S/4HANA in 2015 and plans to stop supporting older ERP versions on December 31, 2025. SAP reports more than 12,000 customers have committed to SAP S/4HANA.
Traditional ERP systems are optimised for transaction processing, with data stored in many different tables. SAP S/4HANA uses its Universal Journal to store all financial transaction details in one table. Availability and access to all that data can happen with near-zero latency. The new system also brings a simplified data model that lets you record once, use many times, and create a single source of truth. So analytics and insights that were historically unfeasible or very time consuming now process quickly.
SAP S/4HANA enables more speed and better insights in almost every area of Finance. It’s also a platform for real-time analytics—with no more waiting for separate reporting systems, batch jobs, and long processing times. Yes, it can be expensive, and yes, there may be implementation risks, but defining a Digital Transformation roadmap upfront, driven by prioritised capabilities that drive value for the business, can help address both cost and risk in a positive way.