In an era when technology is king, businesses worldwide are making massive strides to upgrade their systems and embrace the digital future. A remarkable strategic alliance has emerged to smooth the path towards tech modernization for organizations, bringing together the business advisory prowess of Bain & Company and the trailblazing SAP software ERP solutions. This globally spanning partnership aims to empower enterprises and ensure the full potential of their cloud-enabled ERP transformations is realized, at a time when many firms grapple with achieving their modernization objectives.
Bain & Company and SAP have collaboratively forged a holistic approach to aid businesses in achieving successful cloud-enabled transformations, with a strong focus on ERP. Merging Bain & Company’s proficiency in strategic implementation and C-suite advisory with SAP’s unparalleled competence in cloud solutions and software, this collaboration is poised to maximize the return on enterprise technology investments. Their combined strength will expediently clear the obstacles preventing businesses from realizing the full potential of their ERP systems.
Current research indicates an alarming trend; substantial enterprise transformations often falter, despite technology being the cornerstone of strategic evolution. With businesses under unrelenting pressure to keep their models relevant and modern, strategic tech investments have become pivotal for success. The alliance of Bain & Company and SAP aims to streamline this process, enabling clients to craft a strategic tech vision, future-proof their tech infrastructure, and implement widespread adoption.
Amplifying Success through Collaboration
A significant percentage of companies—93% to be precise—are overhauling their tech, with the vast majority (83%) doing so in the cloud. However, a stark discrepancy exists between the number of modernizing businesses and those actually achieving their tech modernization targets—only a dismal 6%. Yet, when harnessed effectively, cloud technology can accelerate growth, innovation, and agility within organizations.
SAP and Bain & Company are eager to fill this gap, equipping executives with the tools needed to fully exploit the benefits of cloud-enabled ERP transformation. With an arsenal that includes revolutionary solutions like RISE with SAP and Bain & Company’s business-centric transformation knowledge, the partnership aims to fast-track businesses towards their objectives.
A Pragmatic Approach to Maximize SAP Software ERP Potential
SAP and Bain & Company have crafted a strategic framework based on several core pillars to steer businesses towards a successful ERP transformation:
- Creating a Strategic Technology Vision: Bain & Company and SAP, both industry leaders in their respective fields, will collaborate to help business leaders crystallize a transformation vision, identifying the best tech and processes for achieving their objectives.
- Future-Proofing the Journey: RISE with SAP and Bain & Company’s time-tested value-creation approach ensure the tech employed today will be relevant tomorrow.
- Orchestrating Adoption: Together, SAP and Bain & Company will support clients in driving effective change management and scaling operations rapidly, ensuring sustainable success.
The partnership puts business leaders in the driver’s seat of the modernization journey, offering the technology, systems, and transformative advice needed to succeed in an ever-evolving business landscape. SAP Executive Board Member and Head of Customer Success Scott Russell commented:
“Together with Bain & Company, we’re confident in the impact that this new framework will provide to customers. The power of setting the right transformation vision combined with proven process improvement methodology lays the foundation for technology that makes impact and scales with an enterprise.”
Bain & Company’s Successful ERP Transformation Tale
Bain & Company is no stranger to successful tech transformations, both for its clients and within its own organization. Having recently completed its internal tech overhaul using SAP S/4HANA Cloud across 47 countries, Bain & Company has firsthand experience of the power of a well-executed ERP transformation. With more efficient finance processes, accelerated data availability, and superior real-time business performance tracking, Bain’s transformation serves as a testament to the benefits of modernization. Further, this experience has enabled Bain to refine its strategic framework based on real-world insights, paving the way for a more impactful partnership with SAP.
Bain & Company and SAP are set to revolutionize ERP transformations, creating an environment ripe for success, innovation, and growth. Their collaboration signals a new era of enterprise technology evolution, merging SAP’s software mastery with Bain & Company’s unparalleled business advisory to navigate an ever-evolving tech landscape.
