What is scorecard type in SAP FIN-SEM-CPM - Corporate Performance Monitor?

SAP Term: scorecard type

• Component: FIN-SEM-CPM

• Component Name: Corporate Performance Monitor

• Description: A distinction is made between two types of scorecard: Scorecards that are created entirely from scratch. Such scorecards can take any structure and properties. Derived scorecards that take the structure and properties of an existing scorecard which must not be a derived scorecard. In the case of this scorecard type, there are restrictions on the sort of changes that can be made. The values can be filled mainly by CPM variables. For this reason, it is advisable for the scorecard template to use CPM variables.

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• Key Concepts: 
  Scorecard type is a component of the Corporate Performance Monitor (FIN-SEM-CPM) in SAP. It is used to define the type of scorecard that will be used to measure and monitor the performance of an organization. Scorecards can be used to track financial performance, operational performance, customer satisfaction, and other metrics. 
  
  How to use it: 
  Scorecard types are created in the Corporate Performance Monitor (FIN-SEM-CPM) in SAP. The scorecard type is selected when creating a new scorecard. The scorecard type defines the metrics that will be tracked and monitored in the scorecard. 
  
  Tips & Tricks: 
  When creating a new scorecard, it is important to select the appropriate scorecard type. This will ensure that the metrics being tracked are relevant to the organization’s goals and objectives. 
  
  Related Information: 
  The Corporate Performance Monitor (FIN-SEM-CPM) in SAP also includes other components such as dashboards, reports, and analytics. These components can be used in conjunction with scorecards to provide a comprehensive view of an organization’s performance.