What is strategic advice in SAP FIN-SEM-CPM - Corporate Performance Monitor?

SAP Term: strategic advice

• Component: FIN-SEM-CPM

• Component Name: Corporate Performance Monitor

• Description: A strategic advice can be used to define specific elements of a scorecard as mandatory content for other scorecards.

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• Key Concepts: 
  Strategic advice is a feature of the Corporate Performance Monitor (FIN-SEM-CPM) component of SAP. It provides users with a comprehensive overview of their company’s performance and helps them make informed decisions about their business strategy. Strategic advice helps users identify areas of improvement and opportunities for growth, as well as potential risks. 
  
  How to use it: 
  The Strategic Advice feature of FIN-SEM-CPM can be accessed through the SAP Business Suite. Once in the suite, users can select the “Strategic Advice” option from the menu. This will open up a dashboard that provides an overview of the company’s performance. The dashboard includes key performance indicators (KPIs) such as revenue, profit, customer satisfaction, and more. Users can then use this information to make informed decisions about their business strategy. 
  
  Tips & Tricks: 
  When using the Strategic Advice feature, it is important to remember that it is only as good as the data that is entered into it. Therefore, it is important to ensure that all data is accurate and up-to-date in order to get the most out of this feature. Additionally, it is important to remember that strategic advice is only one part of a larger business strategy and should not be relied upon exclusively when making decisions. 
  
  Related Information: 
  For more information on the Strategic Advice feature of FIN-SEM-CPM, please refer to the SAP Business Suite documentation or contact your local SAP representative. Additionally, there are many online resources available that provide tips and tricks for using this feature effectively.