Implementing Strategy Management Systems

While Strategic Information Systems (SIS) are devoted to support the process of planning and controlling the business strategy, Strategy Management Systems (SMS) should manage the on-going execution and assessment of the business strategy itself. SMS should therefore not only measure performances, just like a Corporate Performance Management System, but also provide a clear look at what is actually happening in the business. In this sense, SMS supply a better way to manage processes to get the desired results. SMS are the more recent evolution of Business Intelligence Systems (BIS). They unify key financial processes and applications to provide executives with a single, accurate picture of strategy execution and performance.