8 More EPM SAP Strategy Management How To Best Practices

Table of Contents

Enterprise Performance Management Best Practice Series

 
In Part One of this series, as SAP BW consulting experts we gave you 9 Best Practices for implementing Strategy Management, using SAP Strategy Management (SSM).  In this second installment, we give you 8 more Tips to help you build a world class organization based on a solid Strategy Management foundation.
 
SAP Enterprise Performance Management Solution

8 SAP EPM Tips

  1. Incorporate Risk Management into the Strategic Planning Process to help decide which corporate strategies to pursue (M&A, investing in new products, etc.).

  2. Define corporate goals for which strategy is aligned with initiatives, metrics, risks, people, and tasks.

  3. Group goals and initiatives into successive waves of cascading, interlocked relationships; helping employees at all levels visualize the interrelationship of their own activities with the broader corporate vision.

  4. Establish a framework to document, cascade and monitor linkage of business goals, KPI's (Key Performance Indicators) and associated initiatives with the goal of greatly increasing organizational alignment and focus.

  5. Enable the implementation of  KPI's, Measures, and other Leading Indicators/Operational Analytics that are uniform and tied to business objectives.

  6. Provide the ability to track real-time performance results through dynamic scorecards, allowing users to post comments and ask questions, so that business unit leaders can take action to improve organizational performance.

  7. Provide personalized and real-time dashboards of key supply chain metrics for management and key operational team leads to drive process compliance and improvements.

  8. Ensure Balanced Scorecards are implemented and used to connect strategic to operational goals. Make sure Finance is actively involved in the design and execution of the Balanced Scorecard.

That's How You Achieve World Class Performance

There you have it.  17 key Best Practices to implement today in your organization to achieve World Class performance.  Not sure where to start?  How about with by developing a reporting strategy?

 

Get Help Developing  a Reporting Strategy

 

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 Bonus:  Here is a short video to explain how we build a strategy.

 

 

Topics from this blog:
Best Practices SSM Strategy Management EPM

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Lonnie Ayers

About the Author: Lonnie Ayers is a Hubspot Certified Inbound Marketing consultant, with additional certifications in Hubspot Content Optimization, Hubspot Contextual Marketing, and is a Hubspot Certified Partner. Specialized in demand generation and sales execution, especially in the SAP, Oracle and Microsoft Partner space, he has unique insight into the tough challenges Service Providers face with generating leads and closing sales using the latest digital tools. With 15 years of SAP Program Management experience, and dozens of complex sales engagements under his belt, he helps partners develop and communicate their unique sales proposition. Frequently sought as a public speaker in various events, he is available for both inhouse engagements and remote coaching.
Balanced Scorecard Consultant

He also recently released a book "How to Dominate Any Market - Turbocharging Your Digital Marketing and Sales Results", which is available on Amazon.

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