Driving digitization for local businesses in Sri Lanka, SAP in partnership with Sri Lanka SAP User Group (SLSUG) signified the importance of enterprises going digital with its intelligent offerings and solutions empowering them to become Intelligent Enterprises. SAP believes today’s enterprises have the ability to grow further by adopting new-age technologies. With its intelligent suite of solution, and growing ecosystem SAP enables them to contribute more to their digital economy and become best run businesses.
The company’s Intelligent Enterprise strategy allows for businesses to rapidly transform data into insight – feeding process automation, innovation, and optimal experiences. SAP through its intelligent suite of integrated applications is committed to enable firms to become best-run businesses, improve business performance and make the world run better. The company has already embedded machine learning in SAP applications like SAP S/4HANA while empowering citizen data scientists with SAP Analytics Cloud.
“Businesses in Sri Lanka are flourishing in the current digital era. To continue the momentum, companies will need to evolve and embrace intelligent technologies,” said Sajith Simon, Sales Head, South India and Sri Lanka, SAP India Subcontinent. “SAP along with SLSUG’s objective is to bring transformation into the local market in order to accelerate the digitization process and help businesses to become best-run businesses.”
“SLSUG has been a frontrunner in providing the CXOs and enterprises in Sri Lanka with a platform to effectively engage, gain knowledge and build a technology roadmap for their businesses since 2017” said Ramesh Shanmuganathan, Chairman, SLSUG. “We are happy to bring the Intelligent Enterprise Summit to Sri Lanka, together with SAP, which we feel will enable local businesses to accelerate their digital transformation journey and be part of the data driven eco-system in driving the experience economy, both locally and globally.”
One such example is of Hayleys Group, a large conglomerate in Sri Lanka which implemented SAP S/4 HANA for its agriculture, hand protection, power and energy and construction businesses.
“We’re leveraging cutting-edge technology to streamline our processes and ensure digital transformation,” said Sarath Ganegoda, Group Executive Director at Hayleys. “Over the course of six months, we transitioned from our legacy systems to the SAP platform without any time or cost overruns implementing the S/4 HANA across 4 business verticals, comprising of over 40 legal entities and 650 users.”
The implementation enabled Hayleys to:
- Obtain a clear, accurate view of business performance at subsidiary, sector and group level
- Get real time insights to drive immediate business decisions/ outcomes
- Standardize and streamline in order to achieve fast, accurate information across a hugely diverse business
- Cut down time of closing processes and financial reporting
- Boost operational efficiency
Hayleys Group is also in the process of transitioning its other businesses to SAP S/4 HANA.
As various industry players search for new business models that can generate revenue and increase profitability, SAP is uniquely positioned to enable customers to drive business outcomes and achieve their vision for the Intelligent Enterprise through the combined power of the digital platform, the intelligent suite of applications, and intelligent technologies like IoT, machine learning, and AI.
At the Intelligent Enterprise Summit in Colombo, SAP showcased its best of suite business applications and best practices that will enable local businesses to innovate and prepare for the digital economy.