The art of scorecarding
The term "Scorecards" originated with the Kaplan and Norton's definition of the balanced scorecard and was meant to create a strategic method of management. Scorecard software, for its part, is intended to encapsulate a company's strategic plan and allow operations to be measured against it.
In this way, the scorecard considers information not from the bottom up, with an "in all this data there must be a pony some where" perspective, but from the top down. In other words, What is strategic to our business and can we measure it from the highest levels through the lowest levels of detail to support decisions and action plans?
Scorecards help put these myths to bed by pulling back the wizard's curtain to reveal critical business data that is specific to authorized executives, managers and departments, in a format which is graphical and makes clear the relationship between content. In effect, scorecards makes visible the results of all the "accounting" being performed in the organization and even step beyond what is typically thought of as accounting to include operational metrics.
Thanks to beyeblogs.com