Scorecarding

The alignment of a whole organization with strategic objectives consistently across all management areas is the most challenging aspect of performance management.
The scorecarding solution focuses on the management of key performance indicators (KPIs) throughout a company. KPIs can reflect a company’s strategy and distribute it through the whole organization. For this purpose, the Balanced Scorecard methodology can be efficiently used.

Functional scorecarding solution should help to

• Organize structure of scorecards per strategic or functional areas
• Manage metrics and allocate to respective scorecard
• Assign responsible managers as owners of respective metrics
• Secure cause-effect relationship between KPIs
• Define strategy maps
• Centralize store of metrics data

Additional features increase functionality

• Automaize data loadings and assign data sources for actual data and target values
• Drill capabilities to BI content to bring additional information regarding reasons of actual performance
• Set up initiatives though which corrective actions can be planned and managed
• Definition of events and alerts which will notify when status is updated or values are above threshold

Integration with planning can cover the main gap of scorecarding solutions which is target setting. The target values of KPIs should be carefully planned. Further additional value is created by the integration of scorecarding with analytical reporting. Thanks to this, managers can - in addition to development monitoring - also interpret the results and analyze the reasons for any gaps. In many cases, the scorecarding solution is integrated as part of a consistent management reporting solution.

Should you require further information or a free assessment and solution concept contact us.