What is approval in SAP EPM-SM - Strategy Management?

SAP Term: approval

• Component: EPM-SM

• Component Name: Strategy Management

• Description: The assignment of a status, for example, approved or completed, to confirm that data or a workflow step meets certain criteria.

Smart SAP Assistant

• Key Concepts: 
  Approval is a process in SAP EPM-SM Strategy Management that allows users to review and approve changes to strategic plans. It is used to ensure that all changes are properly reviewed and approved before they are implemented. The approval process can be configured to require multiple levels of approval, depending on the complexity of the change. 
  
  How to use it: 
  To use the approval process in SAP EPM-SM Strategy Management, users must first create an approval request. This request can be created manually or automatically, depending on the configuration of the system. Once the request is created, it will be sent to the appropriate approvers for review and approval. The approvers can then review the request and either approve or reject it. 
  
  Tips & Tricks: 
  When creating an approval request, it is important to provide as much detail as possible so that approvers can make an informed decision. Additionally, it is important to ensure that all approvers are aware of their responsibilities and have access to the necessary information in order to make an informed decision. 
  
  Related Information: 
  For more information on using the approval process in SAP EPM-SM Strategy Management, please refer to the official documentation available on the SAP website. Additionally, there are many online resources available that provide detailed instructions on how to use this feature.