What are Balanced Scorecards?

Balanced Scorecard (BSC) is a tried and tested framework for organisational success. Various business, government, and non-profit organisations use the balanced scorecard to align day-to-day activities with enterprise vision, mission, and values. Today, more than half of the Fortune 1,000 companies in North America use the BSC, which has become the trademark of a well-run organisation.

Start Free Trial Demo Video
Balanced-scorecard-history_balanced_scorecard

Kaplan & Norton

In the early 1990s, Robert S Kaplan and David P Norton developed a Balanced Scorecard model to help organisations measure and analyse business performance using financial and non-financial data. Balanced Scorecard (BSC) is a tried and tested framework for organisational success. Kaplan and Norton articulated the five fundamental principles needed for building Strategy-Focused Organisations:

who is kaplan norton
  • Translate the strategy to operational terms
  • Align the organisation to the strategy
  • Make the strategy everyone's everyday job
  • Make strategy a continual process
  • Mobilise change through robust and effective leadership.

Digital Vs Excel Balanced Scorecard

Usually, organisations begin their strategic planning and management with a paper-based solution or excel spreadsheet. Spreadsheets are not appropriate for long term process planning and execution. The collaboration of real-time data and retrieval of reports is not possible; the process is highly time-consuming and limits the entire organisational performance view. Both paper-based or spreadsheet Scorecard lacked features such as:

  • Advanced search, filter and sort options
  • Data Analytics and reports
  • Historical data analysis
  • Global access
  • Real-time data visibility
  • Centralised data
  • Data security
  • Flexibility
  • Version control
digital balaced scorecard

The most appropriate way to actually track your scorecard on a regular basis is to use a balanced scorecard software. Using scorecard software, the organisation stays up-to-date and tracks relevant information. By replacing a traditional scorecard with a digital scorecard system, organisations can improve efficiency, gain transparency over each process, evaluate and implement actions for improvement and achieve the preset organisational goals.

  • Get better strategy map visualisation
  • Access to real-time data
  • Increase data security
  • Saves time and increase productivity
  • Support business framework
  • Analyse, evaluate and visualise different KPIs in dynamic dashboards
  • Communicate organisational strategy to all employees
  • Align Organisational, Departmental and Individual goals
  • Retrieve reports on different KPIs such as Health and Safety, Sales, Quality, Delivery, Cost, People, Maintenance and Environment

Benefits of Balanced Scorecard

Industries that use Digital Balanced Scorecard

Maximise efficiency of all processes within the organisation. Align organisational goals from top to the bottom level.

  • Achieve Strategic Plans
  • Execute Plans and Goals Effectively
  • Streamline Production Plans and Sales
  • Ensure Customer Satisfaction
manufacturing-balanced-scorecard

Get an overview of what is happening with the maker, dealer and suppliers. Make the right decisions, every single time.

  • Consistent Decision Making
  • Transparent Communication
  • Measure Performance
  • Dynamic Reports
automotive-balanced-scorecard

Increase customer satisfaction. Analyse and optimise revenue cycle. Easily collaborate data across different departments.

  • Easy Collaboration of Data
  • Improve Availability of Services
  • Optimise Revenue Cycle
  • Health and Safety
scorecard-strategymap-healthcarre

A complete solution for Strategy Planning and Management. Gather data related to different departments easily.

  • Better Strategy Management
  • Analyse External and Internal Environment
  • Transform Data into Meaningful Insights
  • Track KPIs
strategy-planning-kpi

Regular analysis of strategic plans and actions help employees to align with the organisation's vision.

  • Effectively Execute Strategic Plans
  • Better Organisational Alignment
  • Enhance Performance
  • Visualise Strategic Plans
electronic-balanced-scorecard

Maximise sales and other processes' performance by continuously monitoring various KPIs.

  • Optimise Sales and Performance
  • Identify Customer Trends
  • Maximise Profitability
  • Increase Efficiency
KPIs-balanced-score-card-board

Balanced Scorecard combines the effort of both top and bottom level management resulting in effective strategic planning and management.

  • Consistent Decision Making
  • Execute Plans and Goals Effectively
  • Better Organisational Alignment
  • Measure Performance
kpi-scorecard-plan-management

Maximise efficiency of all processes within the organisation. Align organisational goals from top to the bottom level.

  • Achieve Strategic Plans
  • Execute Plans and Goals Effectively
  • Streamline Production Plans and Sales
  • Ensure Customer Satisfaction
KPI_manufacturing-balanced-scorecard
More Details

Get an overview of what is happening with the maker, dealer and suppliers. Make the right decisions, every single time.

  • Consistent Decision Making
  • Transparent Communication
  • Measure Performance
  • Dynamic Reports
automotive-balanced-scorecard
More Details

Increase customer satisfaction. Analyse and optimise revenue cycle. Easily collaborate data across different departments.

  • Easy Collaboration of Data
  • Improve Availability of Services
  • Optimise Revenue Cycle
  • Health and Safety
scorecard-strategymap-healthcarre
More Details

A complete solution for Strategy Planning and Management. Gather data related to different departments easily.

  • Better Strategy Management
  • Analyse External and Internal Environment
  • Transform Data into Meaningful Insights
  • Track KPIs
strategy-planning-kpi
More Details

Regular analysis of strategic plans and actions help employees to align with the organisation's vision.

  • Effectively Execute Strategic Plans
  • Better Organisational Alignment
  • Enhance Performance
  • Visualise Strategic Plans
electronic-balanced-scorecard
More Details

Maximise sales and other processes' performance by continuously monitoring various KPIs.

  • Optimise Sales and Performance
  • Identify Customer Trends
  • Maximise Profitability
  • Increase Efficiency
KPIs-balanced-score-card-board
More Details

Balanced Scorecard combines the effort of both top and bottom level management resulting in effective strategic planning and management.

  • Consistent Decision Making
  • Execute Plans and Goals Effectively
  • Better Organisational Alignment
  • Measure Performance
kpi-scorecard-plan-management
More Details

Request Your 1-Month FREE Trial!

Various business, government, and non-profit organisations use the balanced scorecard to align day-to-day activities with enterprise vision, mission, and values.

Other Datapoint Features

kpi_keyperformance_indicator

Interactive Dashboards

Users can access multiple interactive dashboards to get meaningful insights regarding the businesses.

Read More
t-card-for-scheduling

Keep Track of KPIs

Analyse and monitor KPIs associated with each strategic goal and measure their performance.

Read More
configurable-tcard-system-feature

Mobility & Global Accessibility

Gain access over multiple devices. Translate strategy plans into actions with much ease.

Read More
Tcard-system-mobility-Accessibility-feature

Dynamic Report

Automated dynamic reports give meaningful insight. Save time and visualise growth.

Read More
Tcard_system_Report

MES & ERP Integration

Easily integrate online Balanced Scorecard system with ERP and gain multiple benefits.

Read More
Tcard-Integration

Hoshin Kanri X Matrix

X Matrix to initiate action plans and drive continuous improvement across the organisation.

Read More
Tcard-Integration

Project Tracker

Easy and effective evaluation of different projects.

Read More
Tcard-Integration

KPI

Monitor and evaluate the success of an organisation.

Read More
Tcard-Integration

Advanced Features

Explore innumerable advanced features of Digital Balanced Scorecard.

Read More