Balanced Scorecard
The Balanced Scorecard Approach Requires Specific Software Solutions
Since its introduction in 1992, the balanced scorecard technique for performance metrics has produced many impressive worst-to-first case studies. The approach uses a scorecard to measure performance against specific targets; financial metrics are balanced with indicators for customer impact, internal processes and corporate learning and growth. To be successful, a balanced scorecard strategy must be managed with software tools that can be customized for the enterprise and easily used by every employee. That’s why so many companies around the world have turned to Cognos.
Cognos Delivers Industry-leading Integrated Software Solutions
Founded in 1969, Cognos is the world leader in enterprise planning and business intelligence software. Cognos offers a suite of integrated software solutions – including a balanced scorecard component – that allows customers to monitor, measure and improve enterprise performance. Started in 1969, Cognos now serves more than 23,000 customers in 135 countries around the world.
Scorecard analytics are a key function of Cognos 8 Scorecarding, a component of Cognos 8 Business Intelligence software. With Cognos 8 Scorecarding, you can create, track and report on key balanced scorecard metrics for individuals, business units and the enterprise as a whole. With an easy-to-use browser-based interface, Cognos 8 Scorecarding is a dynamic and comprehensive tool for improving enterprise performance.
Balanced Scorecard Software from Cognos Provides Innovative Tools
Cognos 8 Scorecarding allows you to link decisions made by individual employees to corporate strategies and goals. It provides users at every level of the business with access to balanced scorecard reports, analysis and alerts, helping them understand their metrics and the factors that drive their performance. It can scale easily from tracking a few individuals to specific operating subsidiaries, and from discrete geographic regions to the entire enterprise. It can manage performance in other methodologies like Six Sigma and Total Quality Management. And while many balanced scorecard initiatives suffer from lack of adoption by middle managers, Cognos 8 Scorecarding provides the kind of drill-down capability and relevant tactical information that middle managers find highly useful – improving the chances for enterprise-wide success.
For more information about balanced scorecard software solutions from Cognos, click here.
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