Balanced Scorecard Success Depends on Your Software
Many companies have tried to manage their balanced scorecard initiatives with an amalgam of existing and newly acquired software. But proprietary scorecard software is often hard-wired to specific ERP systems and is difficult to adapt to the needs of a growing and dynamic company. Homegrown applications may provide more customization but tend to lack necessary functionality. Additionally, while these internal, balanced scorecard applications may be able to identify sub-par performance, they rarely can provide insight into possible causes and remedies. For balanced scorecard software that is both powerful and easy-to-use, consider business intelligence products from IBM.
Manage Balanced Scorecard Initiatives with Software from IBM
IBM is one of the world’s premiere providers of enterprise business intelligence and performance planning software. The IBM Cognos 8 Business Intelligence provides the kind of scorecarding capabilities that allows enterprises to successfully adopt a balanced scorecard approach to performance metrics. With IBM Cognos 8 Scorecarding software you can easily track and manage performance metrics for individuals, projects and the company-at-large. A browser-based interface provides every user with quick access to scorecard data, balanced with analysis and alerts that can help determine and improve the factors that drive strong performance.
IBM Balanced Scorecard Software Provides Power and Flexibility
IBM Cognos 8 balanced scorecard software solutions allow you to identify, manage and report on metrics at every level of the enterprise. With IBM Cognos 8 you can:
- Align tactics with strategy by creating strategy maps, impact analysis, cause-and-effect diagrams, and other aspects of the balanced scorecard.
- Improve accountability by assigning a primary owner for every metric, receiving alerts when metric status changes, and managing corrective actions directly from the software application.
- Increase focus on key issues by easily viewing scorecards by status, owner and strategy map to ensure emphasis is correctly placed on critical initiatives.
IBM balanced scorecard software is quickly deployed and easily administered. Data can be viewed in browser-based dashboards and in multiple languages.
For more information about balanced scorecard software from IBM, click here.
