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SAP has announced a partnership with the Balanced Scorecard Collaborative (BSC), a global center focused on helping companies measure profitability and business performance. Through the partnership, the companies plan to develop new strategic analysis applications for SAP Strategic Enterprise Management (SEM). SEM tools help SAP users monitor and collect financial information and measure real-time business performance. Executives and business managers use balanced scorecards to help with strategic planning, operational and personal target setting, resource allocation, and performance management.