Are financial metrics the only way you’re measuring your company’s growth?
If yes, then it may be time to rethink your approach.
The market is constantly evolving. Staying on top of changing trends while ensuring every part of your organization is in sync can be challenging—even for the best managers.
So, what’s a good way to track progress and ensure you’re on track with your strategic goals?
The Balanced Scorecard (BSC) framework gives you a complete view of your business performance. Unlike traditional methods that focus solely on financial metrics, the Balanced Scorecard framework focuses on key performance indicators (KPIs) to measure your company’s performance holistically.
Here are some Balanced Scorecard methodology KPIs to measure company performance:
Financial performance: How are your revenue, profits, and costs tracking against your goals?
Customer satisfaction: How well are you meeting your customers’ needs? How much value are you providing to customers?
Internal business processes: How efficiently are your operations running?
Employee growth: How well are your team members developing and achieving their goals?
Choosing the right software to implement the Balanced Scorecard methodology can be daunting. To simplify the process, we’ve researched and compiled a list of the top 10 balanced scorecard software options.
10 Best Balance Scorecard Software in 2024
- What Should You Look for in Balanced Scorecard Software?
- The 10 Best Balanced Scorecard Software Tools
- 1. ClickUp (Best for strategic planning)
- 2. Office Timeline (Best for creating timelines and presentations)
- 3. ClearPoint Strategy (Best for business reporting and execution)
- 4. Sisense (Best for visualizing goals)
- 5. Spider Strategies (Best for strategic executive dashboards)
- 6. Corporater (Best for integrated business performance management)
- 7. Lucidchart (Best for data visualization)
- 8. Miro (Best for process mapping and collaboration)
- 9. Monday (Best for real-time insights)
- 10. Mural (Best for visualizing progress)
Summarize this article for me pleaseWhat Should You Look for in Balanced Scorecard Software?
When choosing a balanced scorecard software, evaluate how well the platform aligns with your organizational needs and goals. Here are a few factors you must consider:
- Strategy mapping: The software should include robust strategy mapping features to align objectives, initiatives, and processes
- Visualization: A good BSC software should offer powerful visualization tools that illustrate goal progress
- Customizable dashboards: Dashboards are crucial for monitoring and analyzing critical data at a glance. Look for software that offers customizable dashboards, allowing you to display the most relevant metrics and KPIs in a clear and organized manner
- Collaboration and annotation features: Select software that includes features for annotation, attachments, and collaboration, allowing team members to share insights, discuss objectives, and execute ideas more efficiently
- Advanced reporting capabilities: A balanced scorecard tool should generate comprehensive reports with figures and charts to provide both qualitative and quantitative insights
- Export capabilities: Your chosen software should allow easy data export in Excel, PowerPoint, PDF, or other commonly used formats, ensuring that reports and presentations are clear, professional, and easy to distribute
- Automation and integration: Select software that automates repetitive tasks like data entry. Also, consider how well the software integrates with existing systems within your company to enhance efficiency and data accuracy
Summarize this article for me pleaseThe 10 Best Balanced Scorecard Software Tools
Here are the top 10 balanced scorecard software to track and optimize business performance:
1. ClickUp (Best for strategic planning)
ClickUp is an all-in-one strategic planning software that unifies project planning, task management, and team communication. It provides comprehensive features to help you track project progress, allocate resources effectively, and ensure your strategy stays on course.
ClickUp Goals integrates OKRs (objectives and key results) and the Balanced Scorecard method by consolidating goal alignment, performance tracking, and metric visualization in one platform.
You can track overall team and business performance with ClickUp Dashboards. It offers powerful insights into team workload, time spent on different tasks, and sales progress.
ClickUp also offers a vast selection of balanced scorecard templates to transform your strategic vision into actionable insights.
The ClickUp Balanced Scorecard Template is a game changer for enhancing performance and tracking success. It lets you analyze data, set clear goals, design initiatives, and monitor your progress—all in one place. With this template, you can:
- Set goals to ensure team accountability
- Get a comprehensive view of organizational performance
- Improve decision-making processes with data-driven insights
ClickUp best features
- Performance management: Track task progress and measure KPIs with ClickUp Tasks. Utilize comment reactions, nested subtasks, multiple assignees, and priority settings to foster seamless collaboration
- Visualization: Use ClickUp Whiteboards to brainstorm ideas, create strategies, and assign action items. You can also link files, Docs, and other essential resources to your whiteboards for better context and enhanced decision-making
- Integrations: Use ClickUp Integrations to consolidate data from various data sources and over 1,000 external apps, including Dropbox, Harvest, Google Drive, and Zoom, for an efficient strategic planning process and workflow
- Automation: Enable automated task assignment, task management, and project updates with ClickUp Automations
- AI support: Generate real-time task summaries, get contextual insights, and receive instant answers to work-related queries with ClickUp Brain
- Chat: Communicate in real time by tagging team members or groups, assign action items, and link tasks with ClickUp Chat
ClickUp limitations
- The comprehensive nature of the software and its many features can make for a longer learning curve for new users
- Its functionalities are most effective on desktop devices
ClickUp pricing
- Free Forever
- Unlimited: $7/month per user
- Business: $12/month per user
- Enterprise: Contact for pricing
- ClickUp Brain: Add to any paid plan for $7 per member per month
ClickUp ratings and reviews
- G2: 4.7/5 (9,000+ reviews)
- Capterra: 4.6/5 (4,000+ reviews)
2. Office Timeline (Best for creating timelines and presentations)
Office Timeline is an excellent platform for creating visually engaging timelines and presentations that clearly convey strategic goals, performance metrics, and progress over time.
The pre-designed templates and an intelligent layout engine organize your information automatically, helping you gain better data insights.
With its customizable options, You can easily convert project data into timelines and present complex BSC data to stakeholders in an accessible format.
Office Timeline best features
- Manage and customize data with features like task creation, progress tracking, and display of dependencies
- Get project summaries to identify blockers or task dependencies
- Export your data as Excel files, PowerPoint slides, or PNG images
- Collaborate in real time with shared access and multi-party editing for team decision-making
Office Timeline limitations
- Lacks resource tracking and budgeting features for project management
- Doesn’t offer a dedicated online service for storing and managing slides or templates
Office Timeline pricing
- PowerPoint Add-in Windows
- Pro Edition: Less than $13 per month, billed annually
- Pro+ Edition: Less than $17 per month, billed annually
- Expert Edition: Less than $21 per month, billed annually
- Online Tool Browser: $149/user, billed annually
Office Timeline ratings and reviews
- G2: 4.3/5 (10+ reviews)
- Capterra: 4.6/5 (30+ reviews)
3. ClearPoint Strategy (Best for business reporting and execution)
ClearPoint is an intuitive software that helps you manage your objectives, initiatives, and action items in one place. It supports the Norton and Kaplan Balanced Scorecard methodology and can adapt to implement different variations of the BSC framework.
ClearPoint combines data from various sources, making strategic planning and execution smooth and straightforward. You can easily create customized scorecards for individual teams or projects.
It also helps you create an effective summary report and strategy map by customizing elements to highlight relevant information.
ClearPoint Strategy best features
- Automate business reporting with detailed analysis using the built-in engine
- Track progress with OKRs, using AI to set and monitor goals at both individual and departmental levels
- Edit content directly on the page for convenience and efficiency
- Create a shared vision in collaborative workspaces to enhance teamwork and performance
ClearPoint Strategy limitations
- Summary reports lack sorting, retention, and compact export options
- Does not have advanced tools for managing assigned tasks
ClearPoint Strategy pricing
- Basic Plan: $250/month
- Professional Plan: $800/month
- Enterprise: Custom pricing
ClearPoint Strategy ratings and reviews
- G2: 4.7/5 (100+ reviews)
- Capterra: 4.9/5 (40+ reviews)
4. Sisense (Best for visualizing goals)
Sisense simplifies data handling by combining information from various sources—like offline databases, spreadsheets, or cloud services—into one centralized platform.
It streamlines data preparation with its easy-to-use ETL (Extract, Transform, Load) tools, allowing you to organize and analyze data efficiently. You can also create detailed reports and interactive dashboards with Sisense.
Its ln-Chip technology lets you run advanced analytics without needing specialized data warehouses or a large IT team. For advanced data analysis, you can apply one-click formulas from dashboards to perform statistical functions, such as correlation and covariance.
Sisense best features
- Leverage AI and ML for predictive insights
- Drag and drop elements to connect multiple data sources seamlessly
- Create and share interactive dashboards with ease
- Query data in real time for immediate insights
Sisense limitations
- The platform is resource-heavy and demands significant server power and setup time
- Dashboards are limited to web access, complicating offline sharing and scheduled reporting
Sisense pricing
- Custom pricing
Sisense ratings and reviews
- G2: 4/5 (1,000+ reviews)
- Capterra: 4.5/5 (300+ reviews)
5. Spider Strategies (Best for strategic executive dashboards)
Spider Strategies delivers a versatile cloud-based platform for strategy and KPI management. It supports a range of strategic models, such as the Balance Scorecard, Ansoff Matrix, and Strategic Horizons.
Spider Strategies enhances overall strategy execution with advanced automation. You can effortlessly implement the Balanced Scorecard methodology by entering perspectives, objectives, and measures and then tracking metrics monthly.
It also creates visually engaging and customizable strategy maps, giving you a clear snapshot of your performance.
Spider Strategies best features
- Consolidate metrics, dashboards, and reports in one place to generate site briefing books and simplify PowerPoint integration for quarterly business reviews
- Use the Connect feature to pull data from external sources into your KPIs, streamlining data management and reporting
- Visualize plans and link them to goals with Spider Impact
Spider Strategies limitations
- It offers limited customization options for reports and user experience
- The tool needs better integration with other data systems
Spider Strategies pricing
- Spider Hosted Subscriptions:
- 1+ Users: $125/month, billed annually
- Team (10+ Users): $1,000/month, billed monthly or annually
- Department (25+ Users): $2,250/month, billed monthly or annually
- Enterprise (100+ users): $5,000/month, billed monthly or annually
- Spider On-premises Subscriptions: Custom pricing
Spider Strategies ratings and reviews
- G2: 4.3/5 (2 reviews)
- Capterra: 4.6/5 (25 reviews)
6. Corporater (Best for integrated business performance management)
Corporater offers a complete suite of tools for setting strategic objectives, tracking KPIs, implementing initiatives, visualizing and integrating data tools, and managing workflow.
It helps you digitize and automate your strategy management processes as your business needs evolve. You can expand your solution to cover governance, risk management, and compliance (GRC) within the same system.
Corporater also lets you build personalized management solutions and custom dashboards for tracking strategy, KPIs, and overall performance.
Corporater best features
- Set up and manage perspectives and objectives while aligning strategies across the organization
- Connect data sources smoothly and add notes for additional context and clarity
- Manage goals and track progress to monitor performance and generate reports on key results
- Customize user access to manage content visibility and create specific role-based dashboards
Corporater limitations
- Creating custom reports requires advanced expertise since the software lacks pre-built templates
- It has a complex user interface
Corporater pricing
- Custom pricing
Corporater ratings and reviews
- Not enough reviews are available
7. Lucidchart (Best for data visualization)
Lucidchart assists enterprises in efficient project management through advanced data visualization. It excels in diagramming processes crucial for strategic planning. You can create detailed visual diagrams of business processes to implement performance management frameworks.
It lets you share strategic maps with stakeholders for successful implementation and alignment of organizational goals.
Lucidchart offers a user-friendly drag-and-drop interface and innovative tools that enable efficient storyboarding, brainstorming, and creating schemes, organizational charts, and Gantt timelines.
Lucidchart best features
- Use extensive keyboard shortcuts to streamline tasks and reduce the time spent on repetitive actions
- Add important metrics to existing diagrams through data linking
- Incorporate interactive elements by linking text boxes or blocks within your diagram to keep your layout uncluttered
- Tidy up your diagrams automatically for presentation-ready quality with smart design features
Lucidchart limitations
- It lacks advanced design features like specialized fonts, custom color palettes, and object grouping for custom libraries
- Connectors don’t automatically reorient when shapes are moved, complicating diagram adjustments
Lucidchart pricing
- Free
- Individual: $9/month per user
- Team: $10/month per user
- Enterprise: Custom pricing
Lucidchart ratings and reviews
- G2: 4.5/5 (5,000+ reviews)
- Capterra: 4.5/5 (2,000+ reviews)
8. Miro (Best for process mapping and collaboration)
Miro is a visual workspace that brings together distributed teams to design and build collectively. On a Miro Board, you and your team can tackle strategy development, product design, and complex workflows with ease. You’ll see named cursors moving around the board as collaborators contribute ideas, provide feedback, and co-create using shared tools and information.
What sets Miro apart is its comprehensive suite of capabilities designed for innovation. It helps you organize all your project tasks and resources in one place to track KPIs. You can also connect ideas and data in one place for efficient strategy planning.
Miro best features
- Use Miro for SCRUM meetings, wireframes, brainstorming sessions, workshops, and idea management. Its real-time, freehand feel enables smooth and intuitive collaboration
- Enable multiple users to view and contribute to projects simultaneously for better progress tracking
- Map customer journey to identify challenges and enhance customer experience
Miro limitations
- Editing options for some tools are limited
- It does not integrate with Microsoft or Google tools, limiting connectivity
Miro pricing
- Free
- Starter: $10/user/month
- Business: $20/user/month
- Enterprise: Custom pricing
Miro ratings and reviews
- G2: 4.8/5 (6,000+ reviews)
- Capterra: 4.7/5 (1,000+ reviews)
9. Monday (Best for real-time insights)
Monday is a popular work management and Customer Relationship Management (CRM) platform that helps you manage performance metrics, projects, and daily tasks with ease. Its customizable dashboard and reporting features track project KPIs and team workloads.
The best part about Monday is that its dashboards provide real-time insights, allowing you to monitor business and employee performance and make informed decisions. Plus, its AI integration automates workflow for effective strategy execution.
Monday best features
- Implement rule-based automation to streamline simple tasks and save time
- Access project templates to streamline project management and track metrics
- Add budgeting information to tasks to keep your project finances on track
- Get an overview of company performance with customizable dashboards
Monday limitations
- Task filtering tools can be restrictive and limit customization
- The dashboard feature is less intuitive and requires more guidance
Monday pricing
- Free Forever
- Basic: $9/user/month, billed annually
- Standard: $12/user/month, billed annually
- Pro: $19/user/month, billed annually
- Enterprise: Custom pricing
Monday ratings and reviews
- G2: 4.7/5 (12,000+ reviews)
- Capterra: 4.7/5 (4,000+ reviews)
10. Mural (Best for visualizing progress)
Mural is a visual collaboration solution that helps teams draw and organize ideas on a digital whiteboard for better strategy planning. You can consolidate all project elements in one place to identify blockers and keep things moving smoothly.
Mural’s user journey template helps you implement the Balanced Scorecard methodology. You can map the entire customer journey to understand friction points and enhance customer experience.
Mural also allows you to recap and reflect on your projects, goals, targets, and activities to enhance team productivity.
Mural best features
- Brainstorm ideas with your team by creating digital sticky notes, drawing diagrams, and adding images to represent concepts and ideas visually
- Visualize data in the form of pie charts, graphs, and diagrams to present data-driven insights to team members and stakeholders
- Assess team performance to identify improvement opportunities
- Define clear roles for seamless project execution
Mural limitations
- Creating tables or grids is not possible, making it time-consuming to organize information effectively
- The mobile experience doesn’t match the web version, limiting functionality on the go
Mural pricing
- Free
- Team+: $9.99/month per member
- Business: $17.99/month per member, billed annually
- Enterprise: Custom pricing
Mural ratings and reviews
- G2: 4.6/5 (1,000+ reviews)
- Capterra: 4.5/5 (100+ reviews)
Summarize this article for me pleaseCreate Accurate Balanced Scorecards with ClickUp
And that’s a wrap!
We’ve shared our top balanced scorecard software to support your project and strategic planning needs. By carefully evaluating each option, you can find the perfect tool for your goals.
If you’re looking for a comprehensive solution, ClickUp stands out with its all-in-one offering. It’s a versatile platform designed to elevate your project management, offering everything from task management and strategic planning to advanced data visualization and real-time collaboration.
With ClickUp, you can seamlessly implement the Balanced Scorecard methodology, optimize workflows, and enhance team performance.
Ready to revolutionize your strategic planning? Sign up for ClickUp today and discover how it can transform your workflow!
Everything you need to stay organized and get work done.
