Balanced Scorecard Review

Shlomi Lavi / updated: Jul 15, 2020

What is Balanced Scorecard Used For?

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.

Average Rating -

The rating of Balanced Scorecard is 4.5 stars out of 5. The rating is based on ITQlick expert review.

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.

Features

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.

Competitors & 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.

Balanced Scorecard Pricing Information

The cost of license starting from $125 per user/month. The experts at ITQlick has reviewed Balanced Scorecard pricing and gave the software a total cost of ownership (TCO) rating of 8 out of 10. Custom price cost for your business is available upon request.

Questions to ask the vendor during a demo

Schedule a demo and access 25 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.

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Balanced Scorecard Categories

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Specifications

Company:	MGI Solution
Address:	Florida
Customers:	Small business, Medium business, Large business
Business Area:	Cross Business Areas
Platforms:	Desktop, Mobile, Cloud
Operating Systems:	Mac OS, Windows, Linux

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Balanced Scorecard Features