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Digital transformation is a broad-reaching change that includes people, technology, and processes from across a company to improve the customer and employee experiences and make the company more robust and productive.

From digital assistants such as Siri and Alexa to recommendation engines on Netflix and YouTube, Artificial Intelligence has simplified our lives considerably. It has become more pervasive with its applications disrupting a wide range of industries and finance has been no exception.

We have entered an era of digital transformation where everything is interconnected.  Gone are the days when grocers could rely on mass mailings and email campaigns to support their business. From coupon clipping to promotions on grocery apps, the customers have now moved on to driving forces like time-saving, convenience and ready product availability.

Digital transformation is today's new reality, shaping how modern organizations function and navigate through unprecedented and ever-dynamic market conditions.

As one of the most sought after ERP solution providers in the world, SAP strives to offer innovative solutions and strategic upgrades to its product lines on a regular basis. In keeping with today’s trends to provide the best technology available to its customers, SAP has moved beyond its competition with its intelligent ERP platform, SAP S/4HANA.

Adopting Software-as-a-Service (SaaS) or Infrastructure-as-a-Service (IaaS) alone is not enough for companies to flourish in today’s volatile business landscape. Holistic digital transformation, which involves faster adaptation to new business models and the adoption of more intelligent business processes, is the most direct path to address changing market needs.

Introduction

The SAP S/4HANA migration cockpit facilitates the transfer of business data from an SAP ERP source system to SAP S/4HANA. The SAP S/4HANA migration cockpit uses migration objects to identify and transfer the relevant data.

Today’s day-to-day business processes are complex, particularly in accounts payable (AP), where supplier invoices are received, processed, paid and posted to general ledger.  For businesses with high volumes of invoices, AP tasks can become cumbersome, with large volumes of paperwork, manual data entry, and complex approval flows that can result in process bottlenecks.

SAP Business Objects Data Services deliver a powerful, enterprise-class data integration and data quality solution. They provide one development, run-time, and management environment that allow you to integrate, transform, improve, and deliver data anywhere, at any frequency.

Market basket analysis, as used in business intelligence, is a set of statistical affinity calculations that helps retailers better understand and assist their customers through forecasting their purchasing habits over the time.