Create and Monitor a Risk-Adjusted Strategy for the Post-Crisis Economy

by William Newman, Managing Principal, Newport Consulting Group (January 2010)

As part of its positioning for the corporate boardroom set of enterprise performance management applications, SAP BusinessObjects Strategy Management enables decision makers to access what is happening in real time in the organization, while leveraging any existing back-office enterprise software investments. Learn how to address risk in the development of go-forward strategies in the post-crisis economy through the features available in SAP BusinessObjects Strategy Management.

Categories: Compliance, Enterprise Performance Management, Risk Management, SAP BusinessObjects Strategy Management, Strategy

Key Concept

SAP BusinessObjects Strategy Management, as part of the enterprise performance management (EPM) solutions suite, allows you to quickly align corporate and department initiatives into measurable key performance indicators (KPIs) and triggers based on operational data from SAP ERP and other back-office systems. SAP BusinessObjects Strategy Management also integrates with SAP BusinessObjects solutions, providing reporting, dashboarding, and analytic features.

While execution is the key to any operational objective, the strategy and planning elements surrounding why execution should occur and the context in which execution should be performed is also important. In recent technological offerings, SAP has improved these features, along with a formal approach to risk management to address market opportunities that organizations pursue. In this way, strategy is aligned, performance is predictable, and executives can make better business decisions.

Executives live in a financially driven environment, where operational processes are traditionally a means of organizing resources inside the company and its value chain, and employees are the responsible actors to execute those processes. The strategy gap that some industry watchdogs have noted is real and growing. Innovative technologies provide one approach to collapsing this gap and allowing corporate strategic outcomes to be fully realized and risk management programs to be fully described.

SAP provides SAP BusinessObjects Strategy Management to fill this need. I’ll introduce you to this product, along with the ways it can help you align real-time data with your strategic initiatives.

Note

William’s forthcoming SAP PRESS book Understanding SAP BusinessObjects Enterprise Performance Management, to be released in mid-2010, covers this and other topics. For more information, visit www.sap-press.com.

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