The Balanced Scorecard (BSC) concept was created by Drs. Robert S. Kaplan and David P. Norton in 1992. CorVu has made the Balanced Scoreboard easily available to you through purpose-built Balanced Scorecard software.

One of the most widely used management methodologies, Balanced Scorecard methodology has been implemented in thousands of corporations, organizations, and government agencies worldwide. By integrating the measurement system with the management system, The Balanced Scorecard allows organizations to implement strategy rapidly and effectively. The Balanced Scorecard approach was identified as one of the most significant ideas of the past 75 years by the editors of Harvard Business Review.

The Balanced Scorecard approach converts strategy into an integrated management system defined across four business perspectives:

• Financial
• Customer
• Internal
• Learning and growth

Purpose-built Balanced Scorecard software from CorVu enables organizations to automate the Balanced Scorecard methodology as a Strategic Management System. In order to enable organizations to effectively execute strategy, Balanced Scorecard software provides comprehensive capabilities, including interactive scorecards, strategy maps, briefing books, dashboards, and out-of-the-box reports and views.  Critical enabling technology for balanced scorecard software includes:

• Initiative Management – Balanced Scorecard software provides performance monitoring of individual initiatives (projects and activities) and objectives; initiative management graphically tracks and manages the status of all initiatives and subordinate tasks with Gantt charts and links to existing project management systems
• Knowledge Management – Balanced Scorecard software provides a communication and collaboration framework that enables organizations to discuss performance, communicate decisions, and record relevant actions 
• Causal Modeling – Balanced Scorecard software automatically constructs cause-and-effect diagrams that highlight interdependencies that exist between objectives and functional areas; it provides comprehensive performance modeling, including “what-if” analysis, time series regression, and resource planning
• Objective Management – Balanced Scorecard software provides automated monitoring and management of strategic objectives; performance measures are associated with each strategic objective
• Metrics Management – Balanced Scorecard software tracks key performance indicators (KPIs), automatically loads data from other systems and data sources, and provides email reminders when manual data entry is due

  Contact us to find out how you can benefit from Balanced Scorecard software from CorVu.