BALANCED SCORECARD METHODOLOGY

Companies can no longer manage their business with financial ratios alone. The desertification of markets the great competitiveness of markets with the entry of new competitors in a short time the evolution of new technologies providing new opportunities to increasingly demanding customers require a new vision of managing and directing organizations.
This new vision which has been talked about a lot, however has not translated into concrete measures of how organizations should be managed. A study by Harvard Business School, led by R. Kaplan and D. Norton, revealed that 90% of organizations believe in a clear action-oriented strategy and that they can evolve significantly with the success of its implementation.
To meet this need the concept of Enterprise Performance Management (EPM) was created which allows adopting this new vision from the directions to the operational levels facilitating the tasks of management, measurement, analysis and communication of critical information through organization, in order to align strategic objectives human and economic resources and initiatives taken to meet the objectives.
See the video presentation of the Balanced Scorecard methodology:

ARCHITECTURE AND FEATURES

The advantages of having an extremely flexible architecture allows you to distribute scorecards to all levels of the organization. With the Synergise Balanced Scorecard this distribution can be done quickly and easily to hundreds of users with multiple configurations.

Many organizations have the Balanced Scorecard on paper due to the lack of an automated solution Synergise Balanced Scorecard v10 responds to this need by effectively providing an application that allows you to distribute a series of scorecards to the entire organization. Such a solution also provides complete integration with other systems such as ERP, DW and other systems that are outside the context of an organization's strategy.

One of the essential requirements in a system of this nature is the automatic synchronization of data with the information contained in the organization's scorecards requirements to which the Synergise Balanced Scorecard responds in an unparalleled way. This application allows you to relate and interconnect the different objectives and control the different business units, departments, sections and even the employee. A key point is the ability to be able to assess objectives and indicators completely automatically without requiring manual intervention.

IMPLEMENTATION OF THE SYNERGISE BALANCED SCORECARD v10

When development is based on specific organization requirements, the typical implementation of the Balanced Scorecard consists of the following steps:

STEP 1 | INSTALLATION

• Configuration and parameterization of the Synergise Balanced Scorecard v10 application.

STEP 2 | BALANCED SCORECARD IMPLEMENTATION

• Initialize the application, define and create users and start creating scorecards according to the strategy defined by the Organization.

STEP 3 | DATA INTEGRATION

• Identify the data sources of the indicators, build and test the data extraction and channeling system and connect to the scorecards.

STEP 4 | TRAINING

• Transmit to the administrators of the application how to control the system and provide users in general with all the necessary knowledge for a good use of the application.

STEP 5 | REVIEW - FEEDBACK

• Users review scorecards and test all the application's features.

STEP 6 | SYSTEM INTEGRATION

• Integrate scorecards with other analytical applications if desired.

STEP 7 | SYSTEM IN PRODUCTION

• End users start using the system by viewing portfolios and scorecards, following up and monitoring through evaluations, analyzing strategic maps, creating and controlling initiatives, etc.

KEY POINTS OF SYNERGISE BALANCED SCORECARD v10

With the Synergise Balanced Scorecard v10 the organization is endowed with an application with a great potential and a set of features that allow users to easily create and maintain scorecards at all levels of the organization. It includes the following key points:

EASY TO USE

• Intuitive user interface;

• Quick access to objectives, indicators, initiatives, strategic maps, etc.;

• Visualization and indication of the mission status;

• Financial and non-financial assessments and immediate review of the assessment;

• Reports available online or for printing;

• Construction process for scorecards, portfolios and new initiatives via wizard;

• Integration with Google Maps;

• Possibility to pre-define templates for scorecards;

• Configurable analysis dashboard for the user.

Quantitative and Qualitative Analysis Capabilities

• Global portfolio analysis and specific scorecards;

• Ability to build graphs and resize them to analyze trends;

• Insert a comment or reply to another;

• Define cause-effect relationships between the different objectives;

• It allows to go down to other analytical applications and see the detail of the information.

Centralized Administration

• Security control and registration of user steps;

• Create an unlimited number of groups and users with pre-defined preferences;

• Easy control of scorecards and user maintenance;

• Create an unlimited number of prospects and customize their names and their ordering.

Development environment

• Rapid distribution of scorecards to hundreds of users;

• Access to the application via browser;

• Integration with other existing systems such as ERP, Data Warehouses and Data Marts.

Support Platform

• Available as a native Windows application (Windows 7 or higher) or as a Java-based application;

• Application based on JAVA and XML, the client supports all browsers and Javascript;

• Supports Windows 10, Windows 8, Vista 7, Sun Solaris, IBM AIX, HP-UX, Linux, etc. operating systems.