4 Truths of Business Scorecards

Whether you use Microsoft Excel or a highly complex and complicated business intelligence tool, most organizations spend too much of their time gathering data, correcting out-of-date information, finding and fixing errors due to lack of audit controls and only see the data part of the equation. It is essential for a good business process management tool to be highly functional yet easy to use, quick to implement yet expandable, and allow for variations while keeping to the core values of the organization’s strategy.

Truth #1 | It’s similar to a “full body scan” for your business

A well-executed Business Process Software (BPS) tool should be able to give users a detailed look at their entire business from top to bottom. Instead of clicking through multiple tabs on a spreadsheet or drilling though five reports, BPS dashboards can aggregate data quickly and show where issues might be or where cost- savings can be found.

Truth #2 | Provide your business with a single source of the truth

Understanding how one set of data affects the other is one of the primary benefits of an effective BPS tool.

Truth #3 | Achieve data consistency and efficiency

According to several studies, 94% of spreadsheets contain errors. An effective BPS tool can produce the results in seconds, where manual work is time consuming and error prone. Why deal with hundreds of complex spreadsheets each month?

Truth #4 | Critical information shared with the right people at the right time

Reports, dashboards, and advanced visualizations can be shared via one URL – perhaps first thing in the morning, mid- day and again after closing. Instead of team members accessing file servers on a dedicated network, multiple spreadsheets or nothing at all, a BPS tool provides the ability for content distribution to mobile, tablets, and desktop PCs, regardless of operating system.

Want to learn more about business scorecards? Click here to receive our Guide to Business Scorecard Fundamentals. You can also visit our Visuant Business Performance Software page and request a free demo.

View our 4 Truths Infographic Here 

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