“With the complete package consisting of SAP S/4 HANA and SAP BTP, we will take a major step forward in digitalization and make our processes significantly faster and more efficient,” explains Nikolaus Schmidt, Head of Technology & Innovation at Commerz Real. A simplified data model is a major benefit of the enterprise management solution. This would enable real-time analyses, assessments of assets and forecasts, which, according to Commerz Real, would not only significantly speed up decision-making processes, but also make them more informed. “This is a real win for our asset and transaction management,” Schmidt is convinced. Reports could also be created in real time with S/4 HANA.
Another benefit for Commerz Real is that all parties involved can access the processes from anywhere, including via mobile devices. This would eliminate manual reconciliation steps and eliminate redundancies, such as those caused by storing data at several locations. Business partners could also be integrated easily and automatically, making collaboration easier and faster. For example, property buyers would be able to access all property data and key figures online in advance in the future. Other benefits include ease of use, allowing employees without programming skills to develop and customise applications themselves, and the use of digital assistants, so-called avatars, when using the platform. Overall, Commerz Real expects to speed up and simplify business processes and thus increase efficiency. “This will make our products and services more dynamic,” Schmidt predicts.
The schedule is to migrate to the SAP Private Cloud by the end of 2023 and the first businesses by mid-2024. The cloud infrastructure, in turn, runs on Microsoft Azure, powered by SAP. All business processes should be fully converted to S/4 HANA by 2027 at the latest. Commerz Real’s treasury management system has been working with SAP HANA since 2020.