Welcome to the HBR Video Quick Take. I’m Julie Devoll, editor for special projects and webinars at HBR. Today we’re with Eric van Rossum, chief marketing and solutions officer for SAP Cloud Enterprise Resource Planning. We’re here to talk about what midsize company finance leaders need to succeed. Eric, thank you so much for joining us today.Thanks for hosting me; I am excited to talk about what all this means for midsize companies.Great question.
And let’s start with that first point, that Cloud ERP isn’t limited to a moment in time. Solutions like S/4HANA Cloud, public edition, growyou. They allow companies to adopt the capabilities they need as they grow. And particularly for midsize companies, they can get started with the essentials they need to operate today and build from there.
And then lastly, there’s standardization. Midsize companies will get the same time-tested processes as their larger competitors out of the box with Cloud ERP without expensive customization. And SAP is known for defining the industry best practices in ERP, and we’re working on defining the next-generation ERP best practices as well. And as I mentioned, customers get these out of the box, driving a quick time to value based on those industry best practices.
That’s going to work best when companies get collaborative and partner with like-minded organizations within and beyond their own standards.Eric van Rossum