The Balanced Scorecard Institute provides training and consulting services to help organizations with balanced scorecard, strategic planning, and KPI development. Balanced Scorecard Software Review | BSC Designer Reviews and comparisons of the most popular Balanced Scorecard, KPI and Dashboard solutions. The Balanced Scorecard Software Review is a report that provides readers with information on the most popular Balanced Scorecard systems. Report includes review of 2. Each software solution is analyzed by price, possible application, target customers; Each page of report includes CONs and PROs of this very balanced solution; Buy full version now for $9. Check out before buy trial version. With this report business professionals who are looking for balanced scorecard solution with saves hours of research. Instead of researching for days, save your time and get ready- to- use report, which will cut required research time from days to hours. Bonus articles: Please, find the list of reviewed systems below. Please, note: these links are for test usage only. Once purchase you will have the link for a full report. Corporater Express – Corporater Express is a web- based application that is strategically designed for building, managing and sharing key business performance perspectives, in the form of measurable parameters. The developer, Corporater Inc. Enterprise Performance Management and has come up with several useful …Business COACH – Business Coach software is interactive software that helps companies to run their business with more efficiency. This software essentially is designed for preparing single page business plans and business scorecards. It features allows it users to analyse the performance of their businesses in a holistic manner and provides advices that…Business.
Objects Dashboard builder – ‘Business. Objects Dashboard builder’ is a software from Business Objects – a big name in BI software solutions. Various products and services work in the direction of improving enterprise performance by providing better visualization tools, quick and easy reporting options. This results in tremendous savings in time and resources…BSC Designer – The BSC Designer retains the very essence of the purpose for which the concept of a balanced scorecard was devised in 1. Source: adapted from Niven (case study), 1998. Once the key strategic directions, each one corresponding with a Balanced Scorecard Perspective were identified, and.Norton and Kaplan. To start with the application is rather easy to use owing to its intuitive interface. It displays traditional categories like Financial Perspective, Customer perspective,…Center. View Dashboard – Center. View Dashboard solution by Corda Technologies is a software that is equipped with rapid dashboard development capabilities and delivers high quality interactive charts, maps, graphs, in minutes. The software is equipped with Center. View Builder with which users can built stylish templates, charts and graphs or can modify existing …Executive Dashboard – Executive Dashboard is essentially a business intelligence and work management software, which is used in managing metrics, performance and data. This web based tool can used to set goals based on a user defined criteria and measure them. By using the scalable nature of this software, one can align the strategies and goals as per the…BSC Designer Online – BSC Designer Online is a web- based KPI system, it provides top managers, CEOs and business owners with valuable information on business performance. The system is designed as Saa. S, meaning anyone can register with the system and use it from any point in the World with any web- browser. The system provides advanced functionality for KPI…Style Intelligence – Style Intelligence software by Inetsoft is a great platform for improving business intelligence through dashboards, reporting and analysis. The software does not require any great specialized skills in the field of business intelligence on the part of users. The Patented Data Block technology of Inetsoft makes the software really…Info. Captor Dashboard Designer – Info. Captor Dashboard Designer is intuitive performance management solution which offers some remarkable features that allow users to develop both Desktop Dashboards and Web based Dashboards with ease. The dashboard software provides multiple database support an can be integrated with all major databases like Oracle, My. SQL, SQL Server,…Pentaho Dashboard – ‘Pentaho Dashboard software’ provides a centralized access to the BI content via thin- client interface. It was designed to be used both as an out- of- the- box application and a display technique to be used with other applications. Merging of ‘Pentaho Dashboards’ with ‘Pentaho BI Suite’ enables…Prodacapo Balanced Scorecard – Prodacapo Balanced Scorecard is a fully web- enabled application that offers outstanding features that facilitate businesses in managing and measuring the performance. It is not just a performance measurement system it is a management system as a whole. The software solution is certified by Balanced Scorecard Collaborative. As the software is…QPR Balanced Scorecard and Digital Dashboard – Balanced Scorecard and Digital Dashboard software provided by QPR are a part of its Corporate Performance Management Suite. The combined effect of the components of this package is the successful implementation and follow- up of balanced scorecard concept in the organization. This solution enables the structuring of strategy in the form of…SAS Strategic Performance Management Dashboard and Scorecard – SAS Strategic Performance Management is a web based platform that allows users creating and managing dashboards, scorecards, diagrams, and strategic alignment of resources with the help of Strategy Map. It offers interactive and collaborative environment through which users can easily communicate the goals and strategies throughout the…Strategy Map Balanced Scorecard – The software claims to be the world’s most popular and widely used strategy map based balanced scorecard utility. It is based on a financial planning concept that aims at bringing the ‘balanced’ idea into operation. The software displays the information in a dual flowing manner to present both the Financial and Weighted Performance…Transpara Visual KPI Software – The Visual KPI software by Transpara Corporation is equipped to deliver on- demand operational data from various data sources to any web browser linked with a desktop, laptop or a compatible mobile device. With the software one can consolidate a wide array of KPIs into a single customized format that provides a glance of the overall asset…Active. Strategy Enterprise – Active Strategy works in the direction of ‘providing an easy way for organizations to better execute strategies’. The vendor claims ‘not to be the usual software vendor’. This is because of the hands- on experience which the organization uses in developing and deploying many of the management frameworks like Balanced…Actuate Performancesoft Suite – The Balanced Scorecard software has been offered as part of ‘Performancesoft Suite’. Using this software, managers can present information in a wrapped form (as a cascade) and move into details whenever needed. This application enables transferring of strategic information to the ‘prospective users’ in easy to…Balanced Scorecard KPI Key Performance Indicator Software – ‘Balanced Scorecard KPI Key Performance Indicator Software’ is supplied in the form of an email excel sheet for proper handling of Key Performance Indicators. The spreadsheet contains instructions for customization as per the needs and requirements of the client. It caters to the four traditional areas of organizational working…IBM Cognos Scorecarding Software – The balanced scorecard software from Cognos is suitable clubbing of features and attributes that make both the planning and execution of strategy an easy task. The Software aims at giving a complete and clear picture of the organizational progress tracking, to both the managerial staff and employees. By using the ‘scorecard…Prophix Dashboards and Scorecards – The Performance Management software includes several Dashboards and Scorecards that serve as effective tools for strategic planning in organizations. The visualization capabilities of these solutions have helped users in making ‘sound business decisions’, that too in much less time. This is due to providing a more useful direction…i. Dashboards Software – The most remarkable feature of software from i. Dashboards is the use of ‘visual technology’ that was invented in the R& D Labs of the company itself. This is a patented technology that hands over to its users an important device for summing up the statistics in an ‘informative’ manner. Consequently, the same stock of…Microsoft Office Performance. Using Balanced Scorecard to Improve Procurement Business Intelligence. Spend Matters welcomes a new guest post from Aleksey Savkin of BSC Designer. Business Intelligence (BI) is an umbrella term that companies apply to virtually any area. When a company is looking at improving supplier performance or controlling costs, we start talking about BI for procurement. The classical approach for procurement includes finding strategies for increasing savings, introducing costs controls, and aligning expenditures with investments. The ultimate goal is clear, but what about strategy realization? Typical cost cutting problems. It can happen with any business. You use your BI system, collect some data, do an analysis, receive data- driven insight, and come up with a great plan to cut your costs. Once the plan is introduced and first results are coming out, you understand that either there was no effect on your business (the best- case scenario), or you actually harmed your business (the worst- case scenario). I saw this several times with companies that were using Google Ad. Words to drive paid traffic to their websites. In the case of one company, they were being told by KPIs that they were getting qualified leads. However, when one Ad. Words campaign was turned off for a month, there was no drop in sales. This company had a three- week sale cycle, and they started wondering whether or not they really needed to pay for Ad. Words to have leads that don't buy anything in the end. In both examples, actions (whether cost cutting or running an Ad. Words campaign) were not aligned with the strategy of the company. They might have seemed aligned in the minds of top executives, but in practice, there is little understanding of why things happen and how factors affect each other. The aforementioned cases show that the problem is not with BI data, but with the focus of BI on what is important. Solving alignment problem with a Balanced Scorecard. One of the possible solutions that allow you to focus your BI strategy on important aspects of your business is the Balanced Scorecard. This performance management concept was introduced in order to link a company's strategy with managerial actions. Ideally, when a Balanced Scorecard is introduced, you always will be able to answer two questions: Why do we do this? How do we know we are on the right track? Let's take a closer look at how this concept can be applied to procurement. Sometimes it seems that a procurement strategy is something separated from the main strategy of the company - we are controlling costs while others do the main business. Actually, it is not. If employees don't see the connection in details, then they will face the aforementioned problems. The correct approach would be to "cascade" the company's global strategy to the department that is responsible for procurement. In this case, employees responsible for procurement will understand how a specific cost cutting strategy will affect other aspects of the company; such are the relationships with clients or internal business processes. Balanced Scorecard best practices for procurement. Instead of describing all the nuances of the Balanced Scorecard method, I'd like to give some best practices based on ideas learned from practical usage of the Balanced Scorecard: When you plan cost reduction, ask if this reduction will have a positive or negative affect on four sides of your business: end clients, internal processes, company's growth, and finance. Do not focus on financial KPIs only. If you follow the previous advice properly, you will find out that only 3. KPIs are financial, and the others should reflect other parts of your business. When you deal with a particular process, ask yourself: How do you measure the performance of this process? Is this measure something that meets your final goal (like in the case with Ad. Words - do you measure leads or sales)? Strategy first, then KPIs. Don't start cost cutting with measures or KPIs. KPI is a tool that helps to see if your strategy is on the right track, so start with your company’s strategy, have a strategy for increased savings, and then cascade it to a lower- level problem—and have KPIs to control each process. Balanced Scorecard is not a magic pill, i. Swiss watch in the matter of a minute. But it certainly helps companies view procurement strategically. Your plans for cost control will be more reasonable if you clearly understand how they are linked to the company's strategy and when you can control them with result- oriented KPIs.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. Archives
October 2017
Categories |