Balanced Scorecard Review - why 4.5 stars?

Balanced Scorecard Review
ITQlick Score: 92/100
ITQlick Rating: (4.5/5)
Pricing: 8/10 - high cost
Category: Business Intelligence -> Balanced Scorecard
Ranking:Ranked 6 out of 532 Business Intelligence systems
Company: MGI Solution
Pricing: starts at $125 per user/month
Typical customers: Small, medium and large size businesses
Platforms: Desktop, Mobile, Cloud
Links: Balanced Scorecard pricing, Balanced Scorecard alternatives

Shlomi LaviShlomi Lavi / updated: Mar 12, 2022

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What is Balanced Scorecard and its features?

Balanced Scorecard is a cloud-based and on-premise strategic planning & management system tailored for small size and medium businesses. The software helps organizations to communicate their goals, align their daily work with strategy, prioritize products, projects, and services, as well as measure & track the progress towards their strategic targets.

The core features of Balanced Scorecard include a complete performance information system and automation of core business processes. Balanced Scorecard software was developed by The Balanced Scorecard Institute which has its headquarters in North Carolina.

The software views business from four perspectives which include financial or stewardship, customer/stakeholder, internal process, and organizational capacity. It helps businesses to build objectives, measures targets, (KPIs), and initiatives based on each of the above points of view.

What is Balanced Scorecard rating?

The rating of Balanced Scorecard is 4.5 stars out of 5 and the total score is 92 out of 100. The rating score is based on our unbiased data-based algo. Learn more - rating methodology page.

Who uses Balanced Scorecard?

Customers of the software include small and medium businesses from a variety of industries. It has been widely deployed in non-profit institutes and such industries as media and publishing, financial services, government, healthcare and hospitality, and others. Some major customers of the software include Kenya Red Cross, Veolia NA, and NMDP etc.

Is it easy to use?

Yes, Balanced Scorecard makes it fairly easy to use. This product is user friendly and intuitive.

Is Balanced Scorecard cloud-based?

Yes, they offer cloud based hosting, which means IT resources are retrieved through web-based tools and applications and you don't need to buy servers and additional hardware equipment.

Can it be used on mobile?

Yes, you can access Balanced Scorecard on your mobile/smart phone.

Is Balanced Scorecard the best Business Intelligence system?

Balanced Scorecard is ranked 6 out of 532 software in their category (Business Intelligence systems).

What are their main features and functionalities?

Balanced Scorecard features a web based balanced scorecard automation tool for organizations to manage their scorecard investments. Centralized storage is provided for crucial data with real time access round the clock. It takes the static performance measurement data and converts it into business intelligence. Options of both online and on premise deployment are available.

The software transforms the diverse and scattered corporate data into a coherent database which can be searched and accessed in no time. Online metric assessment is offered along with action planning and performance collaboration capabilities. Customizable dashboards and reporting capabilities are also part of the complete package.

Who are their main alternatives?

The two main competitors of Balanced Scorecard software include Panorama Necto and Dundas BI. Panorama Necto is a business intelligence software that helps businesses to uncover the concealed insights in their data whereas Balanced Scorecard is a strategic planning & management system that enable businesses to communicate their goals, strategy, and objectives.

Balance Scorecard software is an invention of The Balanced Scorecard Institute in the US while Panorama Necto is a product of Panorama Software in Canada. Panorama Necto software is offered on a cloud-based solution but in comparison, Balanced Scorecard is available both as cloud-based and an an on-premise solution.

Dundas BI software is a browser-based data visualization & business intelligence platform that offers integrated dashboards, data analytics, and reporting tools while Balanced Scorecard is a strategic planning & management system that enable businesses to communicate their goals, strategy, and objectives.

Both Dundas BI and Balanced Scorecard offers cloud-based and on-premise solutions. Dundas BI software is a product of Dundas Data Visualization in Canada whereas Balance Scorecard software is an invention of The Balanced Scorecard Institute in the US.

What is the cost of Balanced Scorecard?

The cost of license starts at $125 per user/month. On top of the total cost of licenses which is easy to calculate - what is the REAL total cost of implementation? You need to add the cost of training, customization, data migration, and other "hidden cost". ITQlick pricing score is 8 out of 10 (10 is most expensive). You can find here the REAL total cost breakdown for Balanced Scorecard.

What should you ask MGI Solution during a demo session? (65 questions)

Schedule a demo with Balanced Scorecard and access 65 must ask questions for the vendor while watching Balanced Scorecard in action.

Where Balanced Scorecard is used?

Balanced Scorecard offers strategic planning & management system tailored to suit the small size and medium businesses. The software best works for businesses that want to communicate their goals, align their daily work with strategy, prioritize products, & track the progress towards their strategic targets. Balanced Scorecard serves diverse business & industry, nonprofit organizations, and government agencies globally.

List of categories

Budgeting & CPM
Business Intelligence
Dashboards & KPIs
Data analysis
Reporting
Data visualization
Visual Analytics
Team Collaboration
Data Management
Data integration

List of features

Basic Reports
Dashboard
Data Import/Export
Online Customer Support
Data analysis
Project Collaboration

Balanced Scorecard Vs. Alternatives

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Author

Shlomi Lavi

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Shlomi holds a Bachelor of Science (B.Sc.) in Information System Engineering from Ben Gurion University in Israel. Shlomi brings 15 years of global IT and IS management experience as a consultant, and implementation expert for small, medium and large size (global) companies.