The Balanced Scorecard recommends four perspectives which comprises of business objectives. These objectives are associated with each other with cause and effect relationships.
BSC Designer is basically a performance management software that backs up the Balanced Scorecard framework which conforming to yearly studies go as far as to be one of the most well-known tools for cogitating and carrying through a business strategy. Basically, the spunk of the Balanced Scorecard is a strategy map. BSC Designer permits people to create state-of-the-art strategy maps corresponding their business objectives and the cause-and-effect relationships between them. The “KPIs” tab in BSC Designer is for the measuring part of the scorecard in which users will detect the indicators with their performance and progression figures. The strategy map represents the role of a performance management and monitoring dashboard for a top manager. The Balanced Scorecard recommends four perspectives which comprises of business objectives. These objectives are associated with each other with cause-and-effect relationships. KPIs conjoined to each of these objective evaluates peoples business performance along with their progression towards their strategic goals. The stop-light of the KPI lays out users current performance and advancement levels. However, in the end users business goals are distinctly associated with detailed action plans. Some of the features are only available in PRO edition, so for detailed information check editions comparison chart.
BSC Designer permits validating business goals, ordinating them with indicators or process maps and exhibiting them on the strategy map. The latest version 7.4. released on 16th July 2014. Here the latest video modules for the most famous functions are equipped. A KPI can now be a container for other indicators. People can use it to sum up the measure and continuance of child items. The data source dialog which help users to link their KPIs to a specific data source. The Overview strategy map is also updated and the target planning wizard now corroborates update intervals specified in initiatives. Forecast analysis is now modified to demonstrate the interval of anticipated and predicted values for a time point which users can now learn more in the video manual section. Nevertheless, the more default performance formulas for KPI, the most convenient alternative of the default performance formulas are business goals, KPIs, strategy map tabs redesign. The updated video manuals are also added. The Localization support is now modified. The radar chart exhibits performance data for categories with more than 2 indicators. Analysis tab permits to determine poor performing indicators and indicators with highest absolute weight.
AKS-Labs, a software development and consulting company, is focused on Strategy Management and Business Intelligence solutions.