Balanced Scorecards, Cockpits, Dashboards
The Balanced Scorecard (BSC) takes an integrated view of corporate strategy that goes beyond financial KPIs in evaluating a company’s performance. Since financial KPIs are driven by a wide range of factors, the BSC is a useful tool for assessing the variables that contribute to the bottom line and how they align with corporate stategy
Benefits:
- Integrated management control throughout all operational units
- Simple design tools for dashboards and cockpits including powerful business graphs in Worksheet Server
- Easy system modifications via familiar Excel environment
- Integration of “soft factors” by manually filling in incomplete data and comment functions
- Cross-departmental key indicators formulated with the help of business rules; drill-down into individual departments with partial scorecards
- Decentralized data entry and reporting via web front-end, intelligent access rights management
One of the strengths of Palo’s BSC is the ability to include “soft” factors that don’t fit into standard KPI reporting by simply storing comments in data cubes. Palo makes it easy to manually enter data via Excel or the web. Other advantages include extremely fast data consolidation and easy system adjustment in response to changes in KPIs or corporate organization.
In addition, Palo’s Open Source architecture and low-cost licensing models make it possible to introduce the Balanced Scorecard with the smallest operational unit. In this way, you can use Palo to communicate and drive strategy execution throughout your entire organization.
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