SAP S/4HANA: Features, Pricing, and Top Alternatives

SAP ECC (ERP Central Component) has been a mainstay in the ERP market for more than 20 years. That ends on December 31, 2027, when support for the platform is officially ceasing. If you’ve been using SAP ECC and you’re wondering what comes next, SAP S/4HANA may be a reasonable ERP software to turn to, as it’s a close analog and integrates with the same SAP apps. But is it the very best alternative?

Countless ERP systems are vying for the attention of SAP ECC refugees, from large organizations like Oracle to smaller platforms like Odoo. Whether you’re losing access to your current software or you’re looking for your first ERP solution, we wrote this guide to help you choose. Below, we explain how SAP S/4HANA works, what its main features are, and which alternatives are worth considering. We’ll also take a look at Slash, a business banking platform that can work in tandem with your ERP and connect to it through flexible API access.¹

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Key Takeaways

  • SAP S/4HANA helps enterprise teams with real-time processing and analysis, project management, supply chain logistics, and asset management for factory operations.
  • SAP ends most maintenance for the older ECC system on December 31, 2027, with paid extended support to 2030.
  • Oracle Cloud ERP is the closest thing to a S/4HANA replacement, while Odoo is better for teams who are looking for a little less than a full-scale ERP.
  • Not every vendor tells you what their software costs without a sales call, so prices aren’t as transparent as you might hope.

What is SAP S/4HANA?

SAP S/4HANA is an enterprise resource planning (ERP) system, which is the software a company uses to run its core operations from one shared set of records. Customer payments, purchase orders, vendor payments, production schedules, inventory, and the accounting behind all of it can be handled in the SAP system by S/4HANA. As a result, teams are less likely to deal with disconnected data between one department and another.

What sets S/4HANA apart is the database that lives underneath it. It runs exclusively on SAP HANA, an in-memory database, meaning data mostly sits in RAM rather than on disk. Older SAP systems could run on outside databases like Oracle and IBM DB2, while S/4HANA can’t. This detail is actually more of a benefit than a drawback. Building on one known database gives SAP the opportunity to keep everything clean while avoiding irrelevant workarounds and redundant tables. With the extra flexibility, you can deploy it on-premises, in a public or private cloud, or as a combination of both.

How S/4HANA fits into the SAP product line

SAP itself is one of the largest enterprise software vendors in the world, meaning S/4HANA gets to exist alongside a big product family. SuccessFactors handles HR and payroll, Ariba handles procurement and supplier collaboration, Concur handles travel and expense, and Analytics Cloud handles planning and business intelligence. When companies want to build extensions and connect these tools, they work through SAP BTP (Business Technology Platform). S/4HANA is the transactional core that each of those products feed into and/or read from. If an expense report is approved in Concur or someone’s hired through SuccessFactors, it eventually lands as an update in S/4HANA.

Who SAP S/4HANA is built for

As a product, S/4HANA is tailored for large organizations with complex, interconnected operations that include physical assets like machinery. With features made for multi-level teams, a price point of around $180-$400 per user, and high implementation costs of $75,000+, it’s just not a good match for small businesses. SAP does offer smaller, modular software packages versions for industries like consumer goods and energy, which some mid-sized businesses may be able to take advantage of.

SAP S/4HANA Features and Key Components

S/4HANA comes with a wide collection of capabilities that all share one data foundation. There’s a lot under the hood, but these are some of the pieces that matter most:

Real-time processing and analysis

Traditional enterprise systems aren’t always completely interconnected. For example, transaction processing may handle the day-to-day work of recording orders and postings, while analytics might run separately and need to be supported by manual uploads. If you want real-time analysis, you’d end up with yesterday's numbers.

S/4HANA brings these two things together. Because the HANA database holds data in memory using column storage, the same system can handle transactions and analytics at once. You can run a report against live transactions instead of taking the time to extract data and move it from one place to the next. Embedded analytics come pre-built through SAP Core Data Services views, which means basic reporting doesn't require a separate tool.

Asset and project management

If your company owns physical infrastructure, you can use S/4HANA to handle enterprise asset management (EAM). S/4HANA is built to cover the maintenance of plants, equipment, and facilities along with the history of what was serviced and when. The system supports predictive maintenance driven by sensor data rather than scheduled checkups, which means you can end up with fewer unplanned outages.

S/4HANA can also help with project planning, resource allocation, cost tracking, and quality management for industries under regulatory scrutiny. Since the platform offers one source of truth, it can connect product data and help bring builds from design to production with fewer delays along the way.

Logistics and supply chain

S/4HANA offers two updates to the older SAP ECC system that support logistics and supply chain planning. For one, its material requirements planning (MRP) system, which determines which raw materials have been utilized and which are still needed, used to run as a scheduled batch overnight. A single update every 24 hours could get inconvenient if you’re looking to pivot in the afternoon. S/4HANA's MRP Live executes against the in-memory database instead, so you can rerun material planning on demand and see your current stock rather than yesterday's.

Similarly, inventory numbers are now calculated rather than stored. ECC kept a web of aggregate and index tables holding pre-summarized stock figures, which had to be updated constantly and could mismatch the underlying documents. S/4HANA records material movements in a single table called MATDOC and works out stock positions on the fly, which gets rid of a lot of those tables.

Universal Journal

SAP’s Universal Journal, otherwise known as the ACDOCA (Accounting Document Actual) table, can change the game for enterprise finance teams. In keeping with S/4HANA’s theme of centralization, the Universal Journal brings your general ledger, financial accounting, asset accounting, and profitability data together into a single table. Because they all post to the same place automatically, you won’t have to spend hours reconciling different stats and doing calculations against numbers that could be slightly out of date.

SAP Fiori UX

SAP products come with two main user interfaces, SAP GUI and SAP Fiori. While SAP GUI is functional and powerful, it’s very complex, and sometimes considered outdated. S/4HANA introduced SAP Fiori, a UX that’s more intuitive without losing the features that made GUI effective.

Users see a launchpad of tiles for the apps relevant to their role, meaning an accounts payable clerk and a plant manager don’t start on the same screens. Fiori is also accessible on both desktop and mobile, which isn’t consistently the case for GUI. While user experiences are subjective, Fiori is often cited as being a breath of fresh air compared to GUI.

Integrations

Naturally, S/4HANA connects natively to the rest of the SAP family, including SuccessFactors, Ariba, Concur, Fieldglass, Commerce Cloud, and Analytics Cloud. For everything else, SAP publishes APIs with supporting documentation. SAP BTP serves as the extension layer for custom applications, integrations, and machine learning.

The system also connects with Internet of Things (IoT) data, which links a network of physical objects embedded with sensors. Any plant equipment that’s part of the IoT can send condition data into BTP, which then passes it along to asset management in S/4HANA. Through this process, maintenance can be triggered automatically by a machine’s status alerts.

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The 5 Best SAP S/4HANA Alternatives

With the sunsetting of SAP ECC, enterprise team leads around the country are weighing S/4HANA against other options. Here, we’ve gathered five alternatives that could help organizations manage their supply chains, assets, finances, and more:

Microsoft Dynamics 365

Microsoft offers ERP solutions in the form of their Dynamics 365 Finance and Dynamics 365 Supply Chain Management (SCM) products. You license the pieces you need and compose your own suite, which is a different buying model from SAP's. As you may have guessed, Finance helps automate accounting and manage money movement, while SCM streamlines the supply chain.

  • Pricing: Finance and SCM each cost $210 per user per month, with Premium versions at $300.
  • Strength: If you only want one side of their ERP, you can invest in Finance or SCM. If you want both, Microsoft offers a “Dataverse” product that connects the two.
  • Best for: Upper mid-market through enterprise organizations, especially those already on Microsoft 365 and Azure.

Oracle Fusion Cloud ERP

Oracle Fusion Cloud is the most robust product among these five, and it closely competes with S/4HANA at the top end. It covers financials, procurement, project management, supply chains, and more, and can be sold as one suite or assembled modules. As a result, it’s one of the pricier options on the market.

  • Pricing: While it depends on your modules and setup, you can expect Fusion Cloud to cost between $175 and $625 per user per month with a 10-user minimum. They also offer lighter self-service tiers that cost $100 or less.
  • Strength: With advanced reporting tools, over 1,000 pre-built KPIs, and embedded AI, its analytics are tough to beat.
  • Best for: Large, multi-entity enterprises above $1 billion in revenue.

Infor CloudSuite

Infor CloudSuite is a family of industry-specific ERP suites running on AWS, with separate versions for manufacturing, distribution, food and beverage, fashion, healthcare, and public works. While each sector has different needs, Cloudsuite can consistently help you with supply chain and warehouse management.

  • Pricing: Given the array of industries and scenarios Infor Cloudsuite can be used for, its pricing is quote-only. While we can’t take third-party quotes as gospel, estimates put it in the mid-range compared to competitors.
  • Strength: If you work in a vertical covered by one of its products, it can ship pre-configured for the needs you’re looking to address.
  • Best for: Mid-market to large manufacturers and distributors in one of Infor's covered sectors.

Odoo

Odoo is an open-source business application platform covering accounting, inventory, manufacturing, CRM, HR, and e-commerce. There's a free community edition and a paid enterprise edition, and you can read and modify the source code. It’s built for flexibility, and can be a good fit for companies intimidated by S/4HANA’s size and price.

  • Pricing: Their highest tier adds Odoo Studio, multi-company support, the external API, and on-premise hosting. While lower tiers are cheaper (or free), they probably won’t fit the needs of someone looking for a strong ERP system.
  • Strength: Because Odoo is open-source, you can customize it to your needs without having to be tied with a beefy, rigid platform.
  • Best for: Small and lower mid-market companies with around 100-500 employees.

IFS Cloud

IFS Cloud combines ERP, enterprise asset management, and field service management in one product with an “Industrial AI” that adds analysis and predictive maintenance. These focuses make it especially helpful for manufacturers and companies with a wide range of physical assets.

  • Pricing: Like Infor CloudSuite, pricing is only based around tailored quotes. Third-party estimates put average costs on the lower side compared to other options.
  • Strength: With asset management and field service in the same place as the ERP, work orders, materials, and the technician who makes the fix can all connect to the same system.
  • Best for: Asset-intensive and service-heavy industries like aerospace and defense, energy and utilities, construction, engineering, and manufacturing.

How Slash Can Work Alongside Your ERP

No matter how many things your ERP can manage, it’s almost never going to be the place where your money actually lives. It can record what you owe and what you’re owed, while a separate bank account actually stores, moves, and fully tracks the funds. The problem is that working with a traditional bank account and a high-tech ERP at the same time can lead to inconsistencies and frustration.

The Slash API can connect to your ERPs more thoroughly than the software offered by traditional banks. For ERPs like S/4HANA without a prebuilt connector, Slash users may be able to use the API to build a custom link. Webhooks can send real-time card and transaction event notifications, so your ERP hears about a payment when it occurs. Real-time authorization APIs go further and let you approve or decline card transactions against your own business logic, which means a purchase that breaks a rule in your ERP can be stopped at the point of sale rather than caught weeks later. If your ERP can’t create those spend controls, Slash can.

Connectivity aside, Slash can run the accounts, cards, and payments behind your ERP:

  • Automated accounting: Transactions are categorized as they post and carry the accounting dimensions your ledger expects: GL codes, departments, classes, locations, subsidiaries, vendor details, cardholder memos, and receipts. Set your mapping rules once in Slash instead of reclassifying spend at close.
  • Card controls and spend policy: Issue unlimited virtual and physical cards, set limits by card, team, or individual, and see every transaction post in real time. Slash texts employees for receipts and matches them automatically to transactions. Company-wide card spend earns up to 2% cash back with the Slash Visa Platinum Card.
  • Integrated treasury: Earn up to 3.83% annualized yield on idle cash through money market funds from BlackRock and Morgan Stanley, managed directly inside your Slash account rather than at a separate custodian.⁶
  • Enterprise-grade protection: Business accounts are protected up to $150M through Column N.A.'s insured cash sweep network.² Approvals and controls are granular down to the individual card, and AI-assisted monitoring flags spend that falls outside your policy.
  • Move money on any rail: Pay on the rail that fits the transaction, including same-day ACH, wires to over 180 countries via SWIFT, real-time payments through RTP and FedNow, and USDC and USDT stablecoin transfers across eight blockchains.⁴
  • AI-assisted finance: Twin, Slash's built-in AI assistant, can run complex financial analysis from a prompt or handle tasks like issuing cards in bulk and flagging actions that need your attention. It operates inside the permissions and approval rules your team already set.

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Frequently Asked Questions

How long does an SAP S/4HANA migration take?

It depends far more on your approach than on the software. A conversion where you carry your existing system and processes across is faster than a rebuild that starts clean. However, with a system as large and robust as SAP’s, these transitions usually take many months and can even take more than a year.

Do you need SAP HANA to run SAP S/4HANA?

Definitely. S/4HANA operates solely on the SAP HANA in-memory database, unlike the previous ECC system that supported databases like Oracle, Db2, and others. It’s easy to mix up the two names: SAP HANA is the database, and S/4HANA is the ERP suite built on top of it.

Can you keep your existing accounting software alongside a new ERP?

Usually not for the general ledger itself, since running two systems creates data that’s either redundant or inconsistent. What you can do is keep specialized tools around the edges, like a dedicated payroll, expense, or banking platform, and connect them through native integrations or an API.