BSC Designer is a performance management software. It supports the Balanced Scorecard framework, which according to yearly studies continues to be one of the most popular tools for planning and executing a business strategy. The heart of the Balanced Scorecard is a strategy map. BSC Designer allows you to design state-of-the-art strategy maps, representing your business objectives and the cause-and-effect relationships between them.
For a top manager, the strategy map plays the role of a performance management and monitoring dashboard:
The Balanced Scorecard suggests four perspectives. Each of these perspectives includes business objectives. These objectives, in turn, are linked to each other with cause-and-effect relationships. KPIs attached to each of these objectives measure your business performance, or your progress toward your strategic goals. The stop-light of the KPI indicates your current performance and progress levels. In the end, your business goals are clearly linked to detailed action plans. You can enter KPI values manually for a specific date. Import data from MS Excel, or on an SQL database. Choose an optimization direction for each KPI. Attach an action plan as an initiative. Monitor each indicator’s current performance. Track its progress toward a target value. Use stop lights to see whether these values are in the expected range. Receive email notifications about important changes.
Getting business data in BSC Designer
Whether you’re monitoring your current business performance or controlling a business improvement, you need to get your business data into BSC Designer.
You can manually enter data about your KPIs. Read data directly from a MS Excel spreadsheet. Access an external database with an SQL indicator. Define custom formulas, like the total or average of other KPIs.
By default, the performance function for each KPI is a simple line function, with a minimum value, maximum value, and current value. But experienced business analytics can customize this, as well.
Moving up from MS Excel
If you ask most business people where they keep their business data, you’ll probably hear, “In a MS Excel spreadsheet.” Excel is a must-have business tool these days!
Unfortunately, Excel is not really suitable for the Balanced Scorecard. It may be possible to design a few KPIs in Excel, or a simple strategy map, or a prototype of your Balanced Scorecard. But to design, implement, and update a complete Balanced Scorecard, you’ll need a more powerful tool.
The next step is to switch to specialized software designed for the Balanced Scorecard, like BSC Designer.
Don’t worry about your data. BSC Designer can read your existing data directly from your Excel spreadsheet.
User-friendly interface for the Balanced Scorecard
We’ve invested a lot of time in designing a user-friendly graphic interface for BSC Designer, and we’re constantly looking for new ways to make it even easier. Many of our users have called BSC designer “easy to use,” “user-friendly,” an “intuitive tool” that “helps a novice” get started.