Financial Services organisations are used to doing more with less, especially in the current age of austerity. But when the pressures of modern business affects the management of their own SAP estate and the costs associated with it, how well do they cope? Especially given the focus on the digital transformation of financial services processes.
Given the costs and resourcing involved in managing SAP estates, its not surprising that a lot of companies struggle with this. Financial Services organisations looking to enhance their SAP estate, whilst retaining value for money, would be well advised to consider moving to the SAP HANA in memory database platform - it’s what doing more with less is all about! As digital transformation initiatives increase in momentum, gaining and analysing customer insights and service usage with SAP HANA has never been more critical.
SAP HANA enables simplified consolidation of your SAP estate whether that be ECC, BW or Suite. With this new architecture, a SAP HANA in memory database can host a multitude of systems. This means your organisation can consolidate numerous systems within one centralised platform, leading to unified patching, provisioning, upgrading and management - all with the considerable cost savings through reduced reliance on resourcing. HANA and S4/HANA also provides for new opportunities in optimising significant investments in HANA. The challenge here is understanding what is optimal and how to continually assure this. Other key attributes of a HANA managed service are ensuring continual compliance and integration between key systems.
SAP HANA complements other SAP products with the backing of a fully supported end to end vendor certified route. This means a compliant configuration whilst both sets of software are tuned and configured to work within a SAP HANA environment. A HANA managed service delivers further dimensions of governance through continual optimisation and compliance processes.
HANA and S4/HANA can now be readily consumed on an increasing number of platform options. The speed of set up is another plus point for SAP HANA - now taking weeks instead of months or even years in some cases. Patching is also more efficient with HANA as updates typically involve one single database rather than numerous ones which has up until recently been the case.
To summarise, the benefits of using SAP HANA are considerable and evolving. These benefits cover cost savings across the hardware tier, support and management of the SAP estate, time to recover databases and also cloning - a smart choice for any financial services organisation looking to make efficiency savings and remain competitive in today’s market. HANA specialists such as Centiq can provide complementary skills and expertise to any Financial Services organisation to deliver continual compliance and optimisation.
Compliance and HANA security are clearly a crucial component of wider financial services security and compliance considerations. Centiq have recently launched a series of updated services which both elevate appliance hardening characteristics, as well as refine monitoring credentials for additional security attributes associated with operating SAP HANA and S4/HANA to PCA and FCA regulations. Working with security and risk teams within financial services organisations, we have updated and adapted our Optiq toolsets and managed services to ensure we fully adhere to audit and compliance requirements in line with regulations.
For more information on HANA managed services, HANA optimisation, delivering continual compliance with HANA or Assessments services to select the optimal platform for your HANA landscape, please get in touch: firstname.lastname@example.org or call: 07775 867295.