Sap strategic enterprise management (SSEM) delivers organization with an integrated solution on the basis of organizing, planning, executing, controlling processes. Sap strategic enterprise management is the upcoming next generation solution which will result in the extension of these principles of integration and will act as a support hand to strategic management process such as risk management, strategic planning, and performance monitoring, clarifying communication system etc. Sap is compactly integrated with extended financials along with existing business execution systems.
SSEM enterprises of two types of strategy. Fist one is the continuous monitoring of performance level using feedback from business execution systems, and the second one is the adjustment of strategy to the operational level of management via KPIs and new targets. Sap strategic enterprise management facilitates quick implementation of fresh solutions.
SSEM mainly consists of five application component. They are as follows –
1. Business planning and simulation
2. Business consolidation
3. Business information collection
4. Corporate performance monitor
5. Stakeholder relationship management
All the above components make the way for analyzing, managing and querying complexes, and multidimensional data.
Business planning and simulation
Sap strategic enterprise management provides support towards performance management that allows future focused enterprise management and active management according to stakeholders' expectations. Sap strategic enterprise management is designed for carrying out simulations and comprehensive analysis without any involvement of excessive time and effort. For specific operational problems and for strategic planning sap generates facilities for dynamic simulations on the basis of special functions and tools. Thus simulating the complex relationship between market, enterprises and competitors has been possible via sap.
Business consolidation is one of the application component coming under sap strategic enterprise management. It provides complete functionality for legally required consolidation by the particular company. Although it also makes us able to carry out management consolidations based on organizational units and defined hierarchies.
Business information collection
This component provides us with the ability to collect detailed business information. Sap automates the collection of structured data. A newly innovated feature of SSEM is the web-based editorial work bench which enables collection of relevant information.
Corporate performance monitor
This component provides complete visualization of key performance. It continuously monitors performance level using feedback from business execution systems.
Stakeholder relationship management
The long term success of an enterprise deeply depends on the strong and effective relationship between various stakeholders group. And it is one of the most crucial components of sap strategic enterprise management.[ad_2]