InetSoft Product Information: Performance Management Solutions

This is a table of contents of useful product information about, and benefits of, InetSoft's performance management software:

Chat Tools to Track Decision-making - Are enterprises using chat tools instead of having a round table verbal discussion about decisions? Are they forcing people to use something like that so they can trace decision-making? I wouldn’t say they’re forcing this method. What I’ve observed is the whole social network phenomenon has created a communication channel that people are now predisposed towards and are already regularly communicating via those channels. So organizations are looking to leverage those channels. It’s less about forcing people and more about taking advantage of the penetration that social networking has made into the employees of the organization. My personal opinion is that collaboration is still very primitive in most organizations. And so, I would lump this into this same category as being innovative. Two-thirds of the organizations are not really basing a lot of importance on that right now. But again if you’re looking for ways to be innovative, I think it’s pretty clear that collaboration will become more and more important and it could be a way again to show some vision and get ahead of the market a little bit...

Click this screenshot to view a six-minute demo and get an overview of what InetSoft’s BI dashboard reporting software, Style Intelligence, can do and how easy it is to use.

Corporate Performance Management Systems List - InetSoft’s innovative performance management system offer corporate management reporting, scorecards, and dashboards that are easy, agile, and robust. It is easy because you enjoy a rapid implementation; minimum specialized IT expertise required. Experience a shallow learning curve for business users; only Excel-level skills needed Make it easy for analysts & administrators; no SQL experience required. Scale up with zero-client deployment and no per-user licensing...

Company Performance Management System - An analyst's assessment of InetSoft's performance management system. Recently, line-of-business managers have been making it a priority to use performance management in the operations of their units. However, they are often impeded by the fact that many current performance management products were designed for use in analytics by technically sophisticated users, not for easy-to-use deployment in operations. But now performance management software provider InetSoft has released a major new version of its Style Intelligence software that makes advanced performance management capabilities easier to use and interact with as part of operational management decision-making. InetSoft’s dedicated performance management platform and tools have delivered and continue to offer management reporting, scorecards, and dashboards that are easy to configure and deploy...

Creating a Scorecard - Every organization has a set of key metrics. These measurements can be used to monitor your performance, and help identify areas that warrant further investigation. These metrics can be defined at an enterprise level, and then viewed in a concise scorecard. Creating a target involves the following steps: • Select a Metric. A metric can be selected from the list of available metrics, and it serves as the source of data when the condition is evaluated. • Specify the Condition. The condition defines the goal or expectations for a metric. A condition can be of type: general condition, trend, or script. • Select Actions. The actions specify what to do when the target condition evaluates to true. Any of the standard actions as well as the custom target actions can be selected. • Specify Triggers. The trigger is specified when the target condition is evaluated. Any of the standard triggers, as well as custom target triggers, can be specified...

Defining Management Scorecards - A management scorecard, commonly referred to as a balanced scorecard, takes an organization's in-the-background strategic business plan and converts it into an organization's daily business orders. Instead of passively working towards company goals, a management scorecard sets the stage for what needs to be done in the future and lays out the plan on how to get there. It accomplishes this goal by "scoring" the business and its employees in different categories which, in turn, allows management to see where action needs to be taken. It provides a framework and enables executives to truly execute their business strategies...

Designing and Using Scorecards - When using a scorecard, what is the recommended timeframe to monitor or measure targets before adjusting them? That brings up a great point, which is you need at least one complete cycle. I don’t know whether that’s going to be a fiscal year, a calendar year, whatever your regular calendar cycle is to baseline. I think one of the things people could go down the road which they don’t want to, is instantly have a target before giving yourself enough time to understand where you are today given your current resource level, given fluctuations that happened during the course of the year, et cetera. So whatever your cycle is, and a solid four quarters at a minimum is needed to baseline. That's because there are usually seasonalities to take into account. One federal agency where we were working recently, they only baselined for a month. But what they didn’t realize was that things changed dramatically towards the end of the fiscal year. So don’t cut it short, give yourself solid four quarters at a minimum to do that baseline work to make sure that you can see the full picture on all the fluctuations that may happen during the course of the full year...

Difference Between Business Intelligence and Performance Management - Business intelligence is a great thing, very simply stated, it means letting business people access and analyze structured content typically stored in corporate databases or data warehouses. Performance management takes it to the next level and actually gives a context for business intelligence. You can’t have performance management without business intelligence. You can have BI without performance management, though. One of the critical pieces of performance management is planning. There are other pieces, too. It includes consolidated and compliance reporting on the finance side. And it also includes things like financial modeling, but if I had to say what is performance management that is not BI? Planning is one of the biggest things because it injects a lot of discipline into an organization to actually draw a line in the sand and say, here’s what we’re going to do for the next planning period. And that actually gives BI context, and says, all right, now I know what I have to track; this is what I committed to. At an individual level, at a departmental level, and at an enterprise level, we’re holding ourselves accountable for that. So that’s a big part of what performance management is all about...

Do you need to have KPIs on a company’s dashboard usage? - Most BI software provide those types of metrics, how many people log in each day, time spent, dashboards or reports created, et cetera. And it is a useful tool for finding your power users and your laggards. You can now even ask you power users to mentor the laggards. Still the process-change approach is necessary to ensure adoption. That means making the tool the required common language at weekly departmental and monthly business review meetings. That way everybody becomes aware that they are responsible for certain of the measures. Their name is right next to them, and they have to make things happen to ensure their results match the expectations for those key metrics. If people aren’t using a particular dashboard or scorecard application, it probably means they don’t perceive anything of value out of it. When you show them their performance, and they realize that other people are seeing these KPIs, it will absolutely drive a behavioral change...

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