--- title: 9 EPM SAP Strategy Management How To Best Practices To Implement Now description: Learn Enterprise Performance Management Best Practices for successfully implementing SAP Strategy Management. image: https://www.sapbwconsulting.com/hubfs/AI-Generated%20Media/Images/A%20photorealistic%20image%20of%20a%20general%20looking%20at%20ships%20on%20a%20map%20during%20WWII%20representing%20Strategy%20Management-1.jpeg --- ![Strategy Management](https://www.sapbwconsulting.com/hubfs/AI-Generated%20Media/Images/A%20photorealistic%20image%20of%20a%20general%20looking%20at%20ships%20on%20a%20map%20during%20WWII%20representing%20Strategy%20Management-1.jpeg) # 9 EPM SAP Strategy Management How To Best Practices To Implement Now Table of Contents ## Want to Create a World Class Strategy Management Organization Within Your Organization?    Part one of [SAP BW](https://www.sapbwconsulting.com/understanding-sap-bw-in-5-minutes) [Consultings Series](https://www.sapbwconsulting.com/charge-out-rate-calculator) on the subject introduces 9 [Strategy Management](https://www.sapbwconsulting.com/enterprise-services/it-services/your-5-year-it-strategic-plan-partners) Best Practices to implement today. 1. Establish and use **[Balanced Scorecards](https://www.sapbwconsulting.com/developing-balanced-scorecards)** to connect [strategic objectives](https://www.sapbwconsulting.com/local-seo-improvement-site-optimization-store-traffic-improvement) to [operational goals](https://www.sapbwconsulting.com/blog/5-things-to-know-about-your-sap-project-manager) while ensuring [Finance](https://www.sapbwconsulting.com/enterprise-reporting-strategy-development) is actively involved in the design and execution of the [Balanced Scorecard](https://www.sapbwconsulting.com/blog/unleashing-business-success-balanced-scorecard-strategy). 2. Enable **Finance** to [**monitor the performance**](https://www.sapbwconsulting.com/blog/how-to-understand-sap-supply-chain-management-and-bw) of the Corporation in achieving key [strategic objectives](https://www.sapbwconsulting.com/bsc-strategic-initiative-profile-template-balanced-scorecard-strategy) for finance as well as other operational units using external and [internal benchmarks](https://www.sapbwconsulting.com/blog/inbound-marketing/how-do-sap-partner-websites-rank-benchmark-report).  Key Performance Indicators (KPIs) should be defined and integrated within your corporate strategy playbook.  Many clients use SAP BusinessObjects Strategy Management software to accomplish. 3. Enable **Strategic Planning** to cover current year planning while also developing and integrating longer term plans spanning multiple years. 4. Incorporate Strategic Plans that **synthesize operational and financial measures** from internal and external sources. 5. Ensure Finance monitors the performance of the Corporation in achieving key strategic objectives for finance as well as other operational units using external and internal [**benchmarks**](https://www.sapbwconsulting.com/sap-partner-website-ranking-inbound-marketing-benchmark-report). 6. Assign [key objectives and initiatives ](https://www.sapbwconsulting.com/how-to-develop-balanced-scorecards-improve-strategy-execution)to individuals who then monitor and report on them. 7. **Link** the [Strategic plan](https://www.sapbwconsulting.com/blog/14-sap-business-planning-best-practices) electronically and ensure it can be broken into operational and tactical goals/targets.  The SAP EPM or Enterprise Performance Management Solution provides a solid foundation for [accomplishing this](https://www.sapbwconsulting.com/request-sap-business-planning-and-consolidation-sap-bpc-consulting-support) complex task.  SAP SSM (SAP Strategy Management) allows you to achieve corporate wide deployment of your strategy and is normally used in conjunction other components of the Performance Management System. 8. Tightly link strategic plans to **tactical, operational and [financial plans](https://www.sapbwconsulting.com/blog/inbound-marketing/strategic-growth-planning)**. 9. Provide a **risk-adjusted view** of performance by establishing Key Objectives and assigning both [KPI](https://www.sapbwconsulting.com/business-ratio-formulas-financial-formulas) and [KRI measures](https://www.sapbwconsulting.com/blog/5-kpi-design-best-practice-guidelines) to them. ## [SAP Strategy](https://www.sapbwconsulting.com/blog/8-more-epm-sap-strategy-management-how-to-best-practices) Management Should Be Part Of Your [Strategy Management](https://www.sapbwconsulting.com/blog/senior-executives-use-michael-porters-five-forces-model) Solution Accomplishing the preceding steps can be complicated, but the [**SAP Strategy Management**](https://www.sapbwconsulting.com/blog/8-more-epm-sap-strategy-management-how-to-best-practices) solution provides a strong [foundation](https://www.sapbwconsulting.com/sap-best-practices-greenfield-implementations) to support you throughout the exercise and subsequent ongoing follow-up.  A great place to start this process is with a [**Reporting Strategy Development**](https://www.sapbwconsulting.com/blog/10-steps-to-developing-a-successful-business-intelligence-strategy) exercise.   [![Get Help Developing a Reporting Strategy](https://no-cache.hubspot.com/cta/default/118735/c15c56ae-ebf1-41ba-8932-d12bea4b3b39.png)](https://cta-redirect.hubspot.com/cta/redirect/118735/c15c56ae-ebf1-41ba-8932-d12bea4b3b39)   ## *People who read this article also read:* - **[7 Questions typically answered by a BI Strategy](https://www.sapbwconsulting.com/blog/SAP-BW-Consulting/bid/116632/1-Key-Tip-When-Upgrading-from-SAP-BW-3-X-to-BW-7-X)**   Topics from this blog: [INDUSTRY SOLUTIONS](https://www.sapbwconsulting.com/blog/topic/industry-solutions) [Best Practices](https://www.sapbwconsulting.com/blog/topic/best-practices) [SSM](https://www.sapbwconsulting.com/blog/topic/ssm) [Strategy Management](https://www.sapbwconsulting.com/blog/topic/strategy-management) [EPM](https://www.sapbwconsulting.com/blog/topic/epm) ### Download SAP BW Mindmap Learn what SAP Business Warehouse is and what it does in under five minutes [![Get this Mindmap](https://no-cache.hubspot.com/cta/default/118735/8db2ad37-8211-47a3-86ae-09b6b2bb297b.png)](https://cta-redirect.hubspot.com/cta/redirect/118735/8db2ad37-8211-47a3-86ae-09b6b2bb297b) [mailto:someone@yoursite.com](mailto:someone@yoursite.com) ### Lonnie D. Ayers, PMP 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](https://www.sapbwconsulting.com/hubfs/social-suggested-images/Balanced%20Scorecard%20Certified%20Graduate.jpg) He also recently released a book **"How to Dominate Any Market - Turbocharging Your Digital Marketing and Sales Results",** which is available on [ Amazon.](https://www.amazon.com/Dominate-Turbocharging-Digital-Marketing-Results/dp/1728357950/ref=sr_1_1?dchild=1&qid=1589182458&refinements=p_27%3ALonnie+D.+Ayers&s=books&sr=1-1&text=Lonnie+D.+Ayers)**** [View All Articles by Lonnie D. Ayers, PMP](https://www.sapbwconsulting.com/blog/author/lonnie-d-ayers-pmp) ## The SAP Blog Subscribe to our blog and receive SAP BW Updates, demand generation, inbound marketing, sales enablement, technology and revenue generation insights and ideas delivered right to your email. [mailto:someone@yoursite.com](mailto:someone@yoursite.com) ![SAP](https://googleads.g.doubleclick.net/pagead/viewthroughconversion/960101754/?value=0&guid=ON&script=0) ![](https://www.facebook.com/tr?id=199270410761059&ev=PageView&noscript=1) ```json { "@context" : "https://schema.org", "@id" : "https://www.sapbwconsulting.com/blog/9-epm-sap-strategy-management-how-to-best-practices-to-implement-now#blogposting", "@type" : "BlogPosting", "about" : [ { "@type" : "Thing", "name" : "Management", "sameAs" : "https://en.wikipedia.org/wiki/Management" }, { "@type" : "Thing", "name" : "Best practice", "sameAs" : "https://en.wikipedia.org/wiki/Best_practice" }, { "@type" : "Thing", "name" : "Performance", "sameAs" : "https://en.wikipedia.org/wiki/Performance" }, { "@type" : "Thing", "name" : "Enterprise", "sameAs" : "https://en.wikipedia.org/wiki/Business" } ], "author" : { "@id" : "https://www.sapbwconsulting.com/about-lonnie-ayers#person" }, "description" : "Learn 9 essential best practices for SAP strategy management to drive enterprise performance and effective management.", "headline" : "9 EPM SAP Strategy Management: How-to Best Practices to Implement Now", "inLanguage" : "en", "mainEntityOfPage" : { "@id" : "https://www.sapbwconsulting.com/blog/9-epm-sap-strategy-management-how-to-best-practices-to-implement-now#webpage" }, "mentions" : [ { "@type" : "Thing", "name" : "Business operations", "sameAs" : "https://en.wikipedia.org/wiki/Business_operations" }, { "@type" : "Thing", "name" : "Finance", "sameAs" : "https://en.wikipedia.org/wiki/Finance" }, { "@type" : "Thing", "name" : "Design", "sameAs" : "https://en.wikipedia.org/wiki/Design" }, { "@type" : "Thing", "name" : "Corporation", "sameAs" : "https://en.wikipedia.org/wiki/Corporation" }, { "@type" : "Thing", "name" : "Benchmarking", "sameAs" : "https://en.wikipedia.org/wiki/Benchmarking" }, { "@type" : "Thing", "name" : "Performance indicator", "sameAs" : "https://en.wikipedia.org/wiki/Performance_indicator" }, { "@type" : "Thing", "name" : "Vertical integration", "sameAs" : "https://en.wikipedia.org/wiki/Vertical_integration" } ], "name" : "9 EPM SAP Strategy Management: How-to Best Practices to Implement Now", "potentialAction" : { "@type" : "ViewAction", "name" : "Get Help Developing a Reporting Strategy", "target" : { "@type" : "EntryPoint", "actionPlatform" : [ "http://schema.org/DesktopWebPlatform", "http://schema.org/MobileWebPlatform" ], "inLanguage" : "en", "urlTemplate" : "https://www.sapbwconsulting.com/sap-reporting-strategy-development" } }, "publisher" : { "@id" : "https://www.sapbwconsulting.com#organization" }, "url" : "https://www.sapbwconsulting.com/blog/9-epm-sap-strategy-management-how-to-best-practices-to-implement-now" } ``` ```json { "@context" : "https://schema.org", "@id" : "https://www.sapbwconsulting.com#website", "@type" : "WebSite", "name" : "SAP BW Consulting, Inc.", "publisher" : { "@id" : "https://www.sapbwconsulting.com#organization" }, "url" : "https://www.sapbwconsulting.com" } ``` ```json { "@context" : "https://schema.org", "@id" : "https://www.sapbwconsulting.com#organization", "@type" : "Organization", "logo" : { "@id" : "https://www.sapbwconsulting.com#logo" }, "name" : "SAP BW Consulting, Inc.", "sameAs" : [ "https://www.linkedin.com/company/543163/admin/", "https://www.youtube.com/user/SAPBWConsulting/", "https://twitter.com/Lonniea39", "https://www.facebook.com/SAPBWConsulting" ], "url" : "https://www.sapbwconsulting.com" } ``` ```json { "@context" : "https://schema.org", "@id" : "https://www.sapbwconsulting.com#logo", "@type" : "ImageObject", "caption" : "SAP BW Consulting, Inc. logo", "url" : "https://www.sapbwconsulting.com/hs-fs/hubfs/sapbw-consulting.png?width=2847&name=sapbw-consulting.png" } ``` ```json { "@context" : "https://schema.org", "@id" : "https://www.sapbwconsulting.com/about-lonnie-ayers#person", "@type" : "Person", "name" : "Lonnie D. 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