CorVu Announces Scorecard Express.Business Editors MINNEAPOLIS--(BUSINESS WIRE)--July 11, 2000 Combination of Products and Services Will Revolutionize rev·o·lu·tion·ize tr.v. rev·o·lu·tion·ized, rev·o·lu·tion·iz·ing, rev·o·lu·tion·iz·es 1. To bring about a radical change in: Television has revolutionized news coverage. 2. Balanced Scorecard Balanced Scorecard A performance metric used in strategic management to identify and improve various internal functions and their resulting external outcomes. The balanced scorecard attempts to measure and provide feedback to organizations in order to assist in implementing Automation CorVu Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on OTCBB OTCBB See OTC Bulletin Board (OTCBB). : CRVU), a leading provider of Enterprise e-Business Performance Management, Business Intelligence and Balanced Scorecard solutions, announced today Scorecard Express, a revolutionary Balanced Scorecard solution. This new application and service offering will make automated Balanced Scorecard applications available to companies of all sizes at an affordable price and in a timely manner. What Is It? Scorecard Express is a combination of CorVu's market leading Balanced Scorecard software and consulting services Noun 1. consulting service - service provided by a professional advisor (e.g., a lawyer or doctor or CPA etc.) service - work done by one person or group that benefits another; "budget separately for goods and services" that will allow virtually any company to deploy an automated Balanced Scorecard application in about two weeks. The application is targeted at small to medium sized companies or individual departments or business units within a large multi-national organization. How Does The Program Work? Prospective customers will fill out a "scorecard survey" form and fax it to CorVu where a Balanced Scorecard consultant will create a custom scorecard application. The custom solution is comprised of several scorecards including a view of performance by each of the Balanced Scorecard's four perspectives and a cause-and-effect "strategy map." These scorecards will be cascaded--or linked--to tactical scorecards containing detailed analysis of each performance metric. CorVu will return to the client a CD containing the custom scorecard application within approximately 10 working days. "We developed Scorecard Express to fill a critical market need," stated Alan Missroon, CorVu's vice president of marketing. "There has been a tremendous interest in the Balanced Scorecard as a management methodology. Our goal is very simple--first, to provide a way to automate these systems without burdening the IT staff. And second, to provide that automated solution at a price point that is affordable for small to medium-sized companies or individual departments or business units within a large organization. We believe Scorecard Express does just that." "For many enterprises the balanced scorecards available today have offered either too little or required too much in terms of labor, time, and expense," stated Bob Moran Moran equitable councillor to King Feredach. [Irish Hist.: Brewer Dictionary, 728] See : Justice , Research VP and Managing Director, Decision Support Research, Aberdeen Group Aberdeen Group is a provider of business-related research services. It has its headquarters in Boston, Massachusetts and belongs to the Harte-Hanks group. Founded in 1988, Aberdeen's research is used by over 2. , Inc. "CorVu's quick-turn-around delivery mechanism for delivering scorecards should be attractive to decision-makers in enterprises of various sizes who don't want to wait for their suppliers to grasp and then encode (1) To assign a code to represent data, such as a parts code. Contrast with decode. (2) To convert from one format or signal to another. See codec and D/A converter. (3) The term is sometimes erroneously used for "encrypt. an understanding of the evolving business." The application will include various standard reports organized into three main categories, as follows:
-- Performance Reports--designed to highlight performance
results by Company, Business Unit, Perspective, Objective, or
any combination thereof.
-- Project Reports--designed to highlight project status and
activity associated with Strategic Initiatives.
-- Alignment Reports--designed to highlight the alignment, or
lack thereof, between activities and strategy.
Pricing and Availability Scorecard Express is expected to begin shipping in the 3rd quarter of 2000. A 10-user license will sell for about $35,000 and will include software, annual maintenance, training and consulting services. About CorVu Corporation CorVu is a global provider of Enterprise e-Business Performance Management and Balanced Scorecard Solutions. CorVu solutions have helped thousands of companies merge business vision, shrewd industry and competitive analysis, and the right measurements to enable effective execution of strategy. Providing solutions designed to assist in efficiently allocating resources, strengthening competitive capabilities, installing strategy-supportive policies and managing core competencies A core competency is something that a firm can do well and that meets the following three conditions specified by Hamel and Prahalad (1990):
More than 2500 customers, including companies such as American Express American Express (NYSE: AXP), sometimes known as "AmEx" or "Amex", is a diversified global financial services company, headquartered in New York City. The company is best known for its credit card, charge card and traveler's cheque businesses. , British Airways British Airways in full British Airways PLC International passenger airline based in London. In 1936 British Airways Ltd. was founded through the merger of three smaller airlines. , Mincom, Prudential, Ford Motor Company, Sara Lee
Sara Lee Corporation (NYSE: SLE) is a global consumer-goods company based in Downers Grove, Illinois, USA. , and Star-Kist Foods, have selected CorVu's Enterprise Business Performance Management and Balanced Scorecard solutions. For more information, please visit www.corvu.com or call (800) 610-0769. CorVu is a registered trademark of CorVu Corporation. |
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