Balanced Scorecard Software

InetSoft’s balanced scorecard software allows users to track key metrics in real time in order to achieve specific goals and keep the company on track. Balanced scorecards can provide critical updates as often as possible, tracking as many parameters (e.g., sales revenue) as needed. With this software, individuals can set the stage for what needs to be accomplished in the future, as well as lay out a plan for how to achieve that goal.

These different parameters can be checked at regular intervals, called triggers, and against different conditions to make sure that company performance is on track. If performance is not on track, specified actions can be put into place such as email notifications, etc.

Intuitive Scorecard Design

An effective balanced scorecard can be achieved with four key components:

  • A destination statement
  • A strategic linkage model that outlines how one will achieve said goals
  • A definition for each goal
  • A definition for each measurement
  • With these four pieces in place, the company’s efficiency can be graded quite easily. The destination statement is an outline of the goals that the company is aiming to achieve by implementing this scorecard in the first place. From there, the strategic linkage model is a cause and effect strategy map matching actions with their outcome. Goal and measure definitions are set in place in order to keep the team on the same page to meet the goals that have been set in place.

    Using InetSoft’s software, individuals can select the data fields that are to be monitored from any source or create a data mashup, and specify one of the numeric fields as a metric. A detail report can be set for the metrics chosen, which can be published to different users. Once a target is set on this metric, a trigger can be set to specify when this target is evaluated. End users can add as many metrics and targets as needed, and never have to worry about complicated setup as this can all be done without advanced IT experience, making it an ideal software tool for business users.

    In just a few steps, InetSoft’s user-friendly balanced scorecard software allows business users to interact with employees in a whole new way to reach peak efficiency. Having the ability to aggregate data and access that data in real time is crucial to businesses to stay on top of both short and long-term goals, and InetSoft’s balanced scorecard is a strategic way for businesses to keep the entire team on track in order to keep the business running as it should be while constantly encouraging improved performance.

    About InetSoft

    Since 1996 InetSoft has been delivering easy, agile, and robust business intelligence software that makes it possible for organizations and solution providers of all sizes to deploy or embed full-featured business intelligence solutions. Application highlights include visually-compelling and interactive dashboards that ensure greater end-user adoption plus pixel-perfect report generation, scheduling, and bursting. InetSoft's patent pending Data Block™ technology enables productive reuse of queries and a unique capability for end-user defined data mashup.

    This capability combined with efficient information access enabled by InetSoft's visual analysis technologies allows maximum self-service that benefits the average business user, the IT administrator, and the developer. InetSoft was rated #1 in Butler Analytics Business Analytics Yearbook, and InetSoft's BI solutions have been deployed at over 5,000 organizations worldwide, including 25% of Fortune 500 companies, spanning all types of industries.

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