Displaying items by tag: digitizationSAP
One of the largest automotive suppliers in the world, ZF Friedrichshafen, known as ZF, said it will adopt a selection of SAP software solutions to help transform its global IT landscape. The implementation and integration of the solutions will help provide the company with a single source to connect with suppliers, customers and business networks.
SAP’s software, including SAP S/4HANA and SAP BW/4HANA, will provide ZF with the foundation for new digital business models. The software was selected by ZF to support its ambitious growth strategy, using cutting-edge technology to enable processes and the organization to scale. Through the implementation of the solutions, ZF will further extend its existing IT system landscape to the world of cloud.
Following its merger with automotive supplier TRW, ZF’s implementation of these solutions will help drive synergies across all corporate departments, allow for the fast adoption of global business processes, and drive digitalization, speed and agility.
The SAP S/4HANA Finance solution, for instance, provides comprehensive financial management and accounting functionality on one standardized platform, enabling ZF to pursue its growth strategy while focusing on new opportunities.
In addition, the solution can help the company better manage regulatory requirements such as International Financial Reporting Standards (IFRS) as well as help optimize financial processes to provide a single source of truth for corporate management.
The company will also implement the SAP S/4HANA Sourcing and Procurement solution, the SAP HANA platform, the SAP Extended Warehouse Management application and governance, risk and compliance solutions such as the SAP Enterprise Threat Detection application.
“SAP allows us to protect and simplify our existing assets while building the future business platform for tomorrow’s growth,” said Jürgen Sturm, CIO of ZF Friedrichshafen AG. “New capabilities can be provided to the business based on latest technologies offering great business value. By combining various cloud solutions with a strategic digital core we will unleash new business potentials and will become more agile in their implementation.”