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 review
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?

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.

Who is it best for?

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.

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.

What is the actual cost?

The cost of license starts at $125 per user/month. ITQlick pricing score is 8 out of 10 (10 is most expensive). Access ITQlick pricing guide for Balanced Scorecard.

How it stacks up?

Access a head to head analysis of Balanced Scorecard vs alternative software solutions.
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43

Frequently Asked Questions (FAQs)

Is it the best Business Intelligence system?

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

How they are rated on ITQlick?

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.

Is it an easy to use Software?

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

Is it 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.

What should we ask during a demo session?

Differences between Balanced Scorecard and alternatives?

The most popular alternatives to Balanced Scorecard in 2022: Qlik Sense, SuiteAnalytics, Sisense, Infor Birst, IBM Cognos BI. Access the complete competitors analysis here - Balanced Scorecard VS Business Intelligence Software alternatives.

Is Balanced Scorecard right for you or your business?

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

Author - Shlomi Lavi

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Shlomi Lavi is an entrepreneur and founder of ITQlick.com. He holds a Bachelor of Science (B.Sc.) in Information Systems Engineering from Ben Gurion University in Israel. Shlomi brings 17 years of global IT and IS management experience as a consultant and implementation expert for small, medium and large-sized (global) companies. Shlomi’s goal is to share the best knowledge and news about information systems so you can make smarter buying decisions for your business.