With SAP S/4HANA Cloud, German-based scale-up Mynaric is equipped with a scalable solution that helps the company move from a single-unit to a serial production model for future expansion.
Who is Mynaric and what do they do?
Mynaric AG is a laser communication scale-up that develops and manufactures laser products for high data rate and long-distance wireless data transmission between moving objects. With their products, they deliver a critical building block for secure broadband internet anywhere on earth.
What were Mynaric’s challenges and why did they decide to go for SAP S/4HANA Cloud?
As an innovative and fast-growing scale-up that is striving for international expansion, Mynaric decided to go for SAP S/4HANA Cloud to set the foundation for achieving their ambitious goals – and they successfully implemented the solution in only 6 months.
They needed to tackle three major challenges:
First of all, they had to meet the needs for serial production of laser communication equipment for mass market delivery. Therefore, one of their most important goals was to move their production from a single-unit production model to a serial production model.
Secondly, they quickly needed a production process that was compliant with standards for aerospace and defense.
And last but not least, they had to prepare their finance and accounting department for international expansion.
Before the implementation of SAP S/4HANA Cloud, Mynaric did not have an end-to-end system for their processes – they were still highly based on paper and spreadsheets. To meet the company’s future needs for business growth, they knew that something had to change. This is why Mynaric was looking for a new ERP solution, including the expert support for a quick implementation. Mynaric knew that they would highly benefit from integrated processes with real-time insights into finance, procurement and production to address all challenges listed above.
“SAP S/4HANA Cloud provides the kind of scalability Mynaric needs as a fastgrowing company. This new foundation for our business supports our developing go-to-market strategy and goals for international expansion.” Alexander Enzinger, Head of Controlling, Mynaric AG
What is the value of the new SAP S/4HANA Cloud solution for Mynaric?
SAP S/4HANA Cloud provides Mynaric with a foundation for unified business processes and intelligent technology, enabling the company to quickly scale for growth. Despite a tight timeline and high expectations from the CEO and stakeholders, their new ERP system was implemented in only 6 months.
In their implementation they were supported by the SAP Hypergrowth Catalyst program that empowers high-performing startups by helping to select the right ERP solution and then support a fast and smooth implementation. They were also supported by the SAP partner NTT Data and the SAP Early Adopter Care program which helped the project with providing quick resolution of technical and functional issues.
Closing paragraphs to promote the Podcast and Community:
Inside SAP S/4HANA Podcast
As always, I would like to encourage you to subscribe to our podcast “Inside SAP S/4HANA”. This podcast leverages the unique knowledge and expertise of SAP S/4HANA product experts, partners, and customers to address your needs by sharing product insights and project best practice. There is no customer success without product success and project success; we help you get to the next level and make your SAP S/4HANA projects a success. Subscribe now and benefit from the shared knowledge.
openSAP microlearnings for SAP S/4HANA
Just a couple of months ago, we launched openSAP microlearnings for SAP S/4HANA as an exciting new learning opportunity. What began with a small batch of 20 videos, has now become a channel with more than 50 microlearnings that have generated over 20,000 views since then. Today we cover multiple lines of business, like Finance and Manufacturing & Supply Chain, and key technology topics like Master Data Management, Extensibility, User Experience, and Upgrade Management. We are continuously adding new microlearnings to the SAP S/4HANA channel, so make sure you check them out.
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The power of best-in-class and Next Practices business content for a modern ERP blog post