Like the ever-changing dynamic world, SAP ERP platform has been transformed also. SAP has accomplished in months what took R1, R2 and R3 decades to achieve.

Product Name like "Simple Finance" is gone and “Simple Logistics” has been completely replaced.

S/4HANA Enterprise Management is a broadening of supported functionality beyond financials and into areas of logistics; it includes -

S/4HANA Finance, S/4HANA Human Resources, S/4HANA Manufacturing, S/4HANA Supply Chain, S/4HANA Sourcing and Procurement, S/4HANA Marketing, S/4HANA Sales, S/4HANA Service, S/4HANA Asset Management, and S/4HANA Research & Development.

One can think of this as a redesign and relaunch of FI/CO, HCM/OM, SD, PM, PP, EHS, PLM, MM, QM, LO, CS, PS, and so forth. So, this new S/4HANA release covers both financials and logistics, and much of the core functionality of a traditional ERP system.

The idea is that S/4HANA can “span all lines of business and SAP systems—so finance, sales, service, marketing, commerce, procurement and sourcing, manufacturing, supply chain management,” says Uwe Grigoleit, SAP’s Global Head of Business Development for Suite on HANA and HANA Applications.

For S/4HANA Enterprise Management - on-premise and cloud are the primary deployment models; managed cloud is on offer, but more as a staging post on the way to the public cloud. S/4HANA will be both - a loosely coupled and a hybrid suite with integrations to the S/4HANA Lines-of-Business (LoB) solutions.

Those include members of SAP’s on-premise and cloud product portfolio—that functionality provided by Ariba, Concur, Fieldglass, Hybris and SuccessFactors, which may be available in more than one deployments or purely in the cloud.

S/4HANA is SAP’s fastest growing product to date, with more than 1,300 customers since its launch in February.