Wholesale businesses in the USA and elsewhere face challenges due to the fragmentation and legacy systems. This situation, together with increasing fluctuations and competition, compels wholesalers to switch to SAP S/4HANA cloud services. Though it is one of the most effective ways to modernize business, many leaders have some concerns related to data security.
When it comes to managing the web of global logistics using SAP S/4HANA Cloud for supply chains, security becomes highly critical. This robust solution offers multi-layered encryption, automated compliance updates, and proactive threat detection for evolving global cyber threats. This blog shows the efficacy of SAP S/4HANA cloud solutions in maintaining security for your wholesale business.
Let’s start with the security challenges your business faces.
Security Challenges Faced by Wholesale BusinessesSecurity Challenges Faced by Wholesale Businesses
As a wholesale business owner, you must handle many aspects and keep cyber attackers away from your firm and warehouses. This task involves several security challenges. Ransomware is one such challenge. Here, a cyber attacker sneaks a virus into your computer to lock all the files at once. You need to pay some amount as a ransom to the attacker to get your files back.
Phishing is another major threat to your system and data security. Here, an attacker sends a fake email that looks familiar. On clicking that email, you might give the keys to your digital warehouse to the attacker. Wholesale businesses are one of the soft targets for cyber attackers due to huge daily transactions and other vulnerabilities. Therefore, wholesalers should use a highly secure solution, like SAP S/4HANA Cloud.
Let’s dig deep into the security measures of this SAP solution.
Built-In Enterprise-Grade Security in SAP S/4HANA Cloud
The SAP S/4HANA Cloud service enables you to get powerful, enterprise-grade security. It is sufficient to protect confidential business data from falling into the wrong hands. SAP, a global leader in business intelligence solutions, integrates advanced security features in its solutions. Apart from keeping your firm’s data in a super-secure ‘data center’, the cloud-based SAP S/4HANA has several built-in security features.
Data Protection & Privacy Controls
Wholesale businesses have sensitive information related to bank accounts and retailers. This information also includes secret prices and deals. SAP uses encryption to keep this information secure. Whenever a cyber criminal attempts to steal data, all they get is a bunch of scrambled letters and numbers, thanks to encryption. A special key is necessary to read this bunch.
Moreover, SAP S/4HANA has strong privacy controls. It enables you to decide who will see which information about your business. For example, your truck drivers can see the delivery address, but not the amount remaining in the company’s bank account. These privacy controls are essential to keep the sensitive information safe. In other words, SAP S/4HANA Cloud offers you to give the proper access to information to the right people.
Apart from this, the HANA solution offers compliance-related features with advanced risk management functionality for the wholesale sector.
Read More: Top 7 Challenges U.S. Distributors Face and How SAP Business One Express Edition Solves Them
Compliance & Risk Management
Wholesale business is a well-regulated sector that has to follow various rules and regulations. In the United States, wholesalers have to follow rules about protecting people’s private information to avoid hefty fines and damage to their reputation. SAP S/4HANA Cloud solutions can help you follow these rules and regulations efficiently. Its inbuilt system has complete data related to prevalent rules and compliance requirements.
Moreover, an advanced SAP system can integrate updates automatically if any of the rules are changed. This is useful to manage risks and meet compliance-related requirements at any point.Secure Integration Across Wholesale Operations
A wholesale business consists of several moving parts, including a warehouse, a sales team, and even a supply chain. You need to integrate all these parts securely and seamlessly. SAP S/4HANA Cloud for supply chains securely integrates all these parts. Even if wholesalers need to manage multiple warehouses and operations across different regions, the secure integration of SAP S/4HANA can help them.
Simply put, secure integration enables wholesalers to manage their operations swiftly and systematically without worrying about cyber attacks. A reputable SAP Partner can help wholesalers leverage the benefits of a secure SAP S/4HANA Cloud solution.
Continuous Updates & Proactive Threat Protection
This is one of the best parts of a SAP S/4HANA implementation. Once you have implemented the solution, the system can upgrade itself. SAP sends automatic updates for the SAP S/4HANA Cloud and other solutions. This is essential for fixing bugs and ensuring security patches to reduce vulnerability. It is a proactive protection for wholesalers.
Business Benefits of a Secure Cloud ERP for Wholesalers
Secure cloud ERP is essential for wholesalers. It offers many business benefits, including
- More Trust
- Saving Money
- Peace of Mind
- High Speed
Whether you deal with retailers or direct customers, when they know their data is safe with you, your business can gain from their trust. For any business, people’s trust acts as a growth driver, and the wholesale business is no exception!
It is always cheaper to have a secure SAP system than to pay a hefty amount as either a ransom or a fine. The cloud-based SAP system assists you in saving bucks by securing your system effectively.
This is one of the most noteworthy benefits of a SAP S/4HANA system. As the SAP-powered system protects your data, you can always get peace of mind thanks to its robust internal features and regular updates.
A highly organized and secure system can move faster and sell more things effectively. Your business can gain the advantage of a seamless process in a secure environment. This drives growth for your business over the period.
However, it is essential to consult a renowned and reliable SAP Partner to leverage these benefits through an effective implementation of the SAP S/4HANA Cloud solution.
Read More: Business Value of Core SAP S/4HANA Modules: MM, SD, FICO, PP & EWM- Silver Touch Inc.
Why SAP S/4HANA Cloud Is Better Than Legacy ERP
SAP prioritizes security more than any legacy ERP system. An SAP S/4HANA migration ensures that you run your business using an advanced and fast cloud-based system. This robust system has high-end security features to meet the challenges and threats of cyber attackers. As a result, you can get a more secure and standard ERP solution for your growing wholesale business.
In the US and other parts of the world, wholesalers have to remain very careful these days. It is necessary to maintain the supply chain without breaking people’s trust. In such a scenario, SAP acts as a powerful security agent with automated and advanced security features.
Conclusion
Wholesale businesses have many challenges to face in a competitive era. One of the major challenges is data security. SAP S/4HANA Cloud service can give a wholesale business the necessary shield against cyber attacks and help it build trust. Though SAP S/4HANA migration is better than legacy ERP systems and overcomes challenges, it is necessary to implement it properly.
Silver Touch Technologies USA is a renowned SAP Partner. We assist wholesalers, retailers, manufacturers, and business owners to leverage the benefits of the SAP ecosystem. Contact us to learn more about the security features and advantages of SAP S/4HANA Cloud solutions for your wholesale business.
