Scorecarding

An organisation is steered via performance management tools, which are used to lay down a series of markers that need to be followed for the achievement of strategic objectives. Scorecarding closely monitors these financial and operational performance markers and measures progress on a day-to-day basis, thereby enabling companies to:

• assess their position with respect to their objectives;
• concentrate on genuinely important decisions;
• detect a certain number of inter-dependent key performance indicators (KPIs) via the development of plans or strategies;
• obtain relevant measurement indicators for all staff at all levels of the organisation.

It offers staff the means to observe for themselves the impact of their decisions and activities on overall strategy.

• The measurement indicators are easy to monitor and interpret. 
• Staff can situate their individual priorities within the broader context of strategic priorities and thus have a basis for their own professional responsibility.
• Scorecarding clearly shows all your staff the key points in your organisation.

The latest-generation Scorecarding solutions represent a crucial pillar for performance management. By combining Scorecarding with Business Intelligence and planning, a company can switch from the development of plans to the monitoring of performance and the use of information in order to identify the factors influencing the result.

A Scorecard presents a series of advantages.