CorVu Corporation Announces Next Generation of Balanced Scorecard Software.

MINNEAPOLIS--(BUSINESS WIRE)--July 30, 1998--

New release provides greater flexibility for creating, sharing and understanding performance results through scorecard automation

CorVu Corporation, the leading provider of Performance Management, Balanced Scorecard and Business Intelligence solutions, today announced the next generation of its Balanced Scorecard software.

This new version provides customers with a collaborative environment to include supporting information and comments on scorecards and greater flexibility to customize scorecards. As with all CorVu products, the new Balanced Scorecard is based on its Web-enabled, enterprise scaleable product architecture.

"We're very excited about this new release and the value it brings to our customers," said Justin MacIntosh, Chairman and CEO of CorVu Corporation. "It enhances our customer's ability to measure, analyze and manage their business performance more effectively. This offering maintains CorVu's position as the leading innovator in scorecard software solutions."

"Robust automated balanced scorecards must provide the ability to incorporate both quantitative and qualitative measures," said Liz Shahnam, Senior Research Analyst at the META Group. "Vendors such as CorVu that allow direct integration with the database as well as the ability to input quantitative measures will best support the trend toward full-featured analytical applications."

"CorVu has taken a unique approach to performance management by incorporating both quantitative and qualitative measures, allowing direct integration with the database, and facilitating robust communication," said Gary Plaster, Partner, Grant Thornton, LLP. "They are leveraging their expertise in decision support solutions to deliver powerful Balanced Scorecard applications."

Communication and Feedback

Critical to the success of performance management through a Balanced Scorecard system is communicating organizational vision and strategy. However, according to a recent issue of CFO Magazine, "Only 40% of the primary operating managers and 3% of the general employee base clearly understand the strategic vision of their company."

CorVu's Balanced Scorecard provides a collaborative environment for managers and employees to exchange comments and feedback within the scorecard. This dynamic feature facilitates communication of strategic vision and initiatives from the boardroom throughout all levels of the organization. Executive and middle management are able to receive feedback from the entire organization, make more informed business decisions and better understand performance results and strategy.

Qualitative Measurement

CorVu's Balanced Scorecard application gives users the ability to include both qualitative and quantitative measures on a scorecard. The new release incorporates the quantitative measures by querying the underlying database. Qualitative measures, often subjective assessments, also can be included by utilizing CorVu's new data entry facility. Through a simple method of scoring, CorVu seamlessly integrates both types of measures into a single scorecard. "Managers have the ability to perform more accurate measurements and achieve a better overall assessment of the organization," said Alan Missroon, Vice President of Marketing at CorVu Corporation.

Direct Input of Performance Results

Performance related data may come from a variety of sources - internal applications and databases, and external information services. CorVu's ability to query and import such data automatically has always been a unique strength. Additionally, organizations will have the option of entering performance results directly into the scorecard, without a live connection to the database. This added flexibility empowers users to easily integrate any performance data on their scorecards.

Object Oriented Design

A breakthrough in scorecard automation, CorVu's object oriented design enables organizations to simply create a library of metrics  from which scorecards are later assembled. Metrics are simply created once for use on any scorecard throughout the organization. Performance targets are then assigned at the scorecard level, enabling departmental managers to reflect their specific goals. Any given metric may reused on a number of scorecards.

About CorVu

CorVu Corporation is a leading international provider of business performance management, balanced scorecard and business intelligence solutions. CorVu has U.S. offices in Minneapolis, Atlanta, Boston, Chicago, Dallas, Los Angeles, San Francisco, and Washington D.C.; Australian offices in Sydney, Melbourne, Brisbane and Perth; and European offices in London and Rotterdam. With more than 1,800 customers, including companies such as BHP, 3M, Datacard, Mincom, Prudential, Johnson & Johnson, Unisys, and BF Goodrich, CorVu's Business Intelligence, Performance Management and Balanced Scorecard solutions are gaining broad market acceptance. Additional information on CorVu products and services can be found on CorVu's Web site at http://www.corvu.com or call [phone].

NOTE TO EDITORS: CorVu is a trademark of CorVu Corporation. All other company and product names referenced herein are registered trademarks or trademarks of their respective owners.

   CONTACT:  CorVu Corporation
              Alan Missroon, Vice President of Marketing
              Phone: [phone]
              Fax: [phone]
              http://www.corvu.com