To maximize corporate performance, organizations apply modern EPM frameworks that utilize KPI sets that provide a measure of both historical and future insights.
Of these frameworks, the most widely known is the Balanced Scorecard, which gives a comprehensive top-down assessment of corporate performance based on the company vision. Beginning with the enterprise vision, managers devise strategies to attain goals consistent with the vision. These strategies are translated into tactical activities, with specific metrics attached to each activity. The metrics serve as the scorecard.
Embedded within this Balanced Scorecard framework are key Enterprise Performance Management systems addressing PROCESSES IMPROVEMENT and QUALITY IMPROVEMENT.mbedded within this Balanced Scorecard framework are key Enterprise Performance Management systems addressing PROCESSES IMPROVEMENT and QUALITY IMPROVEMENT.We offer a broad overview on automating balanced scorecards, including a review of the costs and benefits of balanced scorecard automation, the challenges and opportunities you will find in software implementation, an overview of the various options available (enterprise performance management systems and business intelligence options) and a discussion of your organization’s requirements.
We advise clients on the many excellent software options available in automating the balanced scorecard and performance management software.