Enterprise application software provider SAP recently announced the availability of two advanced back-to-back products for clients in logistics and banking domains. Leveraging the expertise of the SAP HANA platform, these applications are expected to gain rapid traction in the present industry backdrop.
The first set of applications, namely, 9.3 edition of the SAP Transportation Management (SAP TM) and SAP Extended Warehouse Management (SAP EWM), cater to the logistics domain. The second one, Banking services 9.0, has been specifically engineered to allow banks adopt a real-time and fully digital business model.
SAP TM 9.3: Armed with new features like transit warehousing, group company logistics software, strategic freight management, load & pallet building and resource planning integration, this latest edition will provide customers with an end-to-end logistics management process for better planning of the container fleet.
SAP EWM 9.3: The new edition represents a marked improvement over the previous version as it includes features like transit warehouse and billing warehouse that is likely to improve client satisfaction in terms of logistics planning, sourcing, transporting and delivering.
Business Services 9.0: Some of the chief benefits of this software include highly flexible & efficient servicing processes, unified risk and finance solutions, abridged planning and reporting processes, lower ownership costs and better compliance with regulatory standards. Leveraging a single source of information, the company has meticulously engineered this version to help banks generate an end-to-end digitized process including real-time planning, execution, prediction and analysis, which goes beyond traditional transactions.
SAP HANA Cloud Platform, the common denominator in all the above applications, has been a major growth driver for the company since its introduction. Moreover, management expects the count of connected devices to reach 50-70 billion by 2020, which will unlock significant opportunities for the company, going forward.
Market reports suggest that the cloud analytics market is expected to grow to $23.1 billion in 2020 from $7.5 billion in 2015. Logistics market, broadly segmented in terms of applications as inventory optimization, supply-chain planning, sales and operational planning, and quality lifecycle management, is a primary catalyst for the overall growth of this market. Also, use of cloud analytics in banking, financial services and insurance industry is witnessing a rapid increase, as it allows these institutions to develop newer products within a shorter time span.
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