What is conversion factor in SAP GRC-SPM-SR - Sustainability Reporting?

SAP Term: conversion factor

• Component: GRC-SPM-SR

• Component Name: Sustainability Reporting

• Description: A numerical factor used to multiply or divide a quantity when converting from one system of units to another. In Sustainability Performance Management, conversion factors need to be maintained separately from KPIs because they are updated by different people reporting on KPIs with different frequencies.

Smart SAP Assistant

• Key Concepts: 
  Conversion factor is a numerical value used to convert one unit of measure into another. In SAP Sustainability Reporting, it is used to convert the amount of a certain material or energy into a common unit of measure, such as kilograms or megajoules. This allows for the comparison of different materials and energy sources. 
  
  How to use it: 
  In SAP Sustainability Reporting, conversion factors are used to convert the amount of a certain material or energy into a common unit of measure. This is done by entering the amount of the material or energy in the appropriate field and then selecting the desired unit of measure from the drop-down menu. The conversion factor will then be applied automatically. 
  
  Tips & Tricks: 
  When entering conversion factors in SAP Sustainability Reporting, it is important to ensure that the correct unit of measure is selected. This will ensure that the correct conversion factor is applied and that accurate results are obtained. 
  
  Related Information: 
  For more information on conversion factors in SAP Sustainability Reporting, please refer to the official SAP documentation.