SAP S/4HANA Cloud is a cloud-based ERP solution developed on the SAP HANA in-memory platform, launched as a software-as-a-service , providing flexible monthly subscription packages. Like the on premise version, it is built on the in memory architecture plus the features of an intelligent cloud. Its intention is to provide a "Next Generation Intelligent ERP" system that would help businesses to achieve digital transformation. It comes equipped with best practices, and provides an integrated model that enables business processes to be streamlined.