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

SAP Term: strategy

• Component: FIN-SEM-CPM

• Component Name: Corporate Performance Monitor

• Description: Element of a scorecard, which describes the procedure in a specific subarea suitable for reaching the topmost goals of an enterprise. A scorecard can contain several strategies. You use strategies and perspectives to group together objectives.

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• Key Concepts: 
  SAP FIN-SEM-CPM Corporate Performance Monitor (CPM) is a tool that helps organizations to develop and manage their strategies. It provides a comprehensive view of the organization’s performance, enabling users to identify areas of improvement and develop strategies to achieve their goals. CPM also provides insights into the organization’s financial performance, allowing users to make informed decisions about their investments and operations.
  
  How to use it: 
  CPM can be used to develop and manage strategies by providing insights into the organization’s performance. It allows users to identify areas of improvement and develop strategies to achieve their goals. CPM also provides insights into the organization’s financial performance, allowing users to make informed decisions about their investments and operations.
  
  Tips & Tricks: 
  When using CPM, it is important to ensure that the data being used is accurate and up-to-date. Additionally, it is important to ensure that the strategies developed are realistic and achievable. Finally, it is important to regularly review the strategies developed in order to ensure that they are still relevant and effective.
  
  Related Information: 
  For more information on SAP FIN-SEM-CPM Corporate Performance Monitor, please visit the SAP website at https://www.sap.com/products/corporate-performance-monitoring.html