Balanced Scorecard
The Mondelio CPM Solution offers the ideal platform for effective scorecard and dashboard
implementation. It provides the data gathering tool, the central repository of
information, the financial modelling and calculation engine, powerful reporting tools,
structured repository for strategies, benchmarks and KPIs, plus automated
communication and feedback processes.
The graph below is a real-life example taken from the hospitality solution, demonstrating the balance or percentage of expenses of the total catering revenue. Mondelio's Professional Services team can provide your organisation with in-depth expertise in
establishing an effective scorecard and dashboard implementation.
Mondelio's Scorecarding Solution
Balanced Scorecard is a methodology aimed at helping an
organisation translate strategy into action. The basis of Balanced Scorecard is
the goals, objectives and key strategies of the organisation, from which
critical success factors and KPIs are derived. KPIs provide targets and
performance measures that are crucial to ongoing business performance.
Balanced Scorecard reflects the most important aspects of the
business, providing continuous score-keeping. The benefits of applying a
Balanced Scorecard include the ability to -
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Align key performance measures with strategies at all levels in the
organisation
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Provide management with a comprehensive picture of the performance of the
business operations
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Improve communication and understanding of business goals and strategies
throughout the organisation
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Provide continuous strategic feedback
Manufacturing industry leader, Willow Ware Australia, utilises the benefits of this Scorecarding solution.
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Andrew Klose CPA, Financial Controller at Willow says, "In one sense, Mondelio acts as a scorecard, summarising all the available information. Because Mondelio easily accommodates non-financial data, Balanced Scorecard, Value Based Management and Activity Based Costing can be incorporated into the company's management philosophy".
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