Compare Balanced Scorecard and Microsoft Excel - Mar 2022

Shlomi LaviShlomi Lavi / Mar 12, 2022

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Bottom Line: Which is Better - Balanced Scorecard or Microsoft Excel?

Balanced Scorecard is more expensive to implement (TCO) than Microsoft Excel, Balanced Scorecard is rated higher (92/100) than Microsoft Excel (56/100). Balanced Scorecard offers more features (6) to their users than Microsoft Excel (3).

Looking for the right Business Intelligence solution for your business? buyers like you are primarily concerned about the real total implementation cost (TCO), full list of features, vendor reliability, user reviews, pros and cons. In this article we compare between the 2 software products:

How MGI Solution compares with Microsoft?

MGI Solution: MGI Solutions is a management consulting and custom software development firm specializing in corporate performance management (CPM) solutions. The company was founded byTony Ciotti in 1994 to consult high net worth investors on private equity investments and to consult growth companies on capital formation, corporate financial strategies, merg...

Microsoft: Microsoft Corporation is an American corporation that develops, manufactures, licenses and supports a wide range of products and services related to computing. The company was founded by Bill Gates and Paul Allen on April 4, 1975. Microsoft is the world's largest software maker measured by revenues.

Who's more expensive? Balanced Scorecard or Microsoft Excel?

The real total cost of ownership (TCO) of Business Intelligence software includes the software license, subscription fees, software training, customizations, hardware (if needed), maintenance & support and other related services. When calculating the TCO it's important to add all of these "hidden cost" as well. We prepared a TCO calculator for Balanced Scorecard and Microsoft Excel.

Balanced Scorecard price starts at $125 per user/month , on a scale between 1 to 10 Balanced Scorecard is rated 8, which is higher than the average cost of Business Intelligence software. Microsoft Excel price starts at $140 per license , when comparing Microsoft Excel to their competitors, the software is rated 4 - lower than the average Business Intelligence software cost.

Bottom line: Balanced Scorecard is more expensive than Microsoft Excel.

Which software includes more/better features?

As with any business software solutions, it’s important to consider the features & functionality. The tool should support the processes, workflows, reports and needs that matter to your team. To help you evaluate this, we've compared Balanced Scorecard Vs. Microsoft Excel based on some of the most important and required Business Intelligence features. Balanced Scorecard: Basic Reports, Dashboard, Data Import/Export, Online Customer Support, Data analysis, Project Collaboration. Microsoft Excel: Data Import/Export, Basic Reports, Online Customer Support.

Target customer size

Customers of the software include small and medium businesses from a variety of industries. There is no restriction of business size and industry to use Microsoft Excel.

Balanced Scorecard

ITQlick rating
(4.5/5)

starts at $125 per user/month

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 ...

Categories: Budgeting & CPM, Business Intelligence, Dashboards & KPIs, Data analysis.

Microsoft Excel

ITQlick rating
(3.8/5)

starts at $140 per license

Microsoft Excel makes it possible to analyze, manage, and share information in more ways than ever before, helping you make better, smarter decisions. New analysis and visualization tools help you track and hig...

Categories: Spreadsheet.

Compare specifications

Compare features

Balanced Scorecard: 6 Features

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

Microsoft Excel: 3 Features

Data Import/Export
Basic Reports
Online Customer Support
ITQlick rating ITQlick Rating is based on the software score (below) and aggregated online reviews
ITQlick score ITQlick Score is a 1 to 100, the calculation is based on pricing, and functionality Vs. alternative solutions
Pricing score pricing Score is a 1 to 10 (10 is high cost), 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 score
Software review
Compare
Balanced...
ITQlick rating
4.5/5
Score
92/100
Pricing
8/10
License pricing
$125 per user/month
Functionality
16
Compare
Microsof...
ITQlick rating
3.8/5
Score
56/100
Pricing
5/10
License pricing
$140 per license
Functionality
4
Qlik Sen...
ITQlick rating
4.3/5
Score
95/100
Pricing
3/10
License pricing
$30 per user/month
Functionality
15
SuiteAna...
ITQlick rating
4.1/5
Score
94/100
Pricing
3/10
License pricing
$499 per month + $99 per user
Functionality
10
Sisense
ITQlick rating
4.6/5
Score
94/100
Pricing
4/10
License pricing
$83 per employee/month
Functionality
35

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.