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: Jul 15, 2020

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What is Balanced Scorecard?

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 ratings are based on our unbiased experts. Learn more in our rating methodology page

Who are Balanced Scorecard's typical customers?

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 Balanced Scorecard the best Business Intelligence?

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). 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.

Is it the right software for you?

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.

Balanced Scorecard's list of categories:

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

Balanced Scorecard's list of features:

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

Balanced Scorecard Vs. Alternatives

ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score ITQlick Score is a 1 to 100 score, based on pricing, and functionality Vs. alternative solutions
Pricing pricing Score is a 1 to 10 score, based on the TCO (cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
License pricing license pricing (if provided by the software vendor)
Functionality
Review
Compare
Balanced
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
92/100
Pricing Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
8/10
License pricing license pricing (if provided by the software vendor)
$125 per user/month
Functionality
16
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QlikView
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
95/100
Pricing Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
3/10
License pricing license pricing (if provided by the software vendor)
$30 per user/month
Functionality
15
SuiteAnalytics
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
94/100
Pricing Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
3/10
License pricing license pricing (if provided by the software vendor)
$499 per month
Functionality
10
Sisense
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
94/100
Pricing Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
4/10
License pricing license pricing (if provided by the software vendor)
Pricing not available
Functionality
35
Birst
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
Score
92/100
Pricing Pricing score ranges between 1 to 10 while 1 is low TCO and 10 is high TCO (TCO - total cost of ownership: cost of licences, customizations, training, hardware when relevant) Vs. alternative solutions
5.6/10
License pricing license pricing (if provided by the software vendor)
Pricing not available
Functionality
43
Review
Author
Shlomi Lavi - admin

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.