Oracle Balanced Scorecard

Oracle Balanced Scorecard Receives Industry Certification

PR Newswire. New York: Feb 16, 2000. pg. 1

Abstract (Summary)
REDWOOD SHORES, Calif. and LINCOLN, Mass., Feb. 16 /PRNewswire/ -- ( http://www.oracle.com/tellmemore/?135836 ) As traditional companies move to e-business models, the need to be proactive in strategy determination and execution becomes imperative for sustaining competitive advantage. Oracle(R) Balanced Scorecard, a key component of Oracle Strategic Enterprise Management, gives companies this capability. Oracle Corp.'s certification by Balanced Scorecard Collaborative, Inc. today further validates Oracle's Balanced Scorecard as a key strategic management tool.

Under the terms of the certification, Oracle Balanced Scorecard is designated as compliant with Balanced Scorecard Functional Standards. The certification is designed and maintained by Balanced Scorecard Collaborative to eliminate confusion in the marketplace by educating suppliers and buyers with the important elements of the Balanced Scorecard management system. The Balance Scorecard is a widely accepted methodology that provides an enterprise view of an organization's overall performance by integrating financial measures with key performance indicators.

Dr. David P. Norton, president of Balanced Scorecard Collaborative, said, "We have developed the Balanced Scorecard Collaborative Certified Program based on Balanced Scorecard Functional Standards to ensure that the Balanced Scorecard name maintains meaning, and that any investment made in associated software retains its value. We are pleased that Oracle Corporation is taking part in this program."

Balanced Scorecard Collaborative Certification(TM) Validates Power of

Comprehensive Strategic Enterprise Management E-Business Suite

REDWOOD SHORES, Calif. and LINCOLN, Mass., Feb. 16 /PRNewswire/ -- ( http://www.oracle.com/tellmemore/?135836 ) As traditional companies move to e-business models, the need to be proactive in strategy determination and execution becomes imperative for sustaining competitive advantage. Oracle(R) Balanced Scorecard, a key component of Oracle Strategic Enterprise Management, gives companies this capability. Oracle Corp.'s certification by Balanced Scorecard Collaborative, Inc. today further validates Oracle's Balanced Scorecard as a key strategic management tool.

Under the terms of the certification, Oracle Balanced Scorecard is designated as compliant with Balanced Scorecard Functional Standards. The certification is designed and maintained by Balanced Scorecard Collaborative to eliminate confusion in the marketplace by educating suppliers and buyers with the important elements of the Balanced Scorecard management system. The Balance Scorecard is a widely accepted methodology that provides an enterprise view of an organization's overall performance by integrating financial measures with key performance indicators.

Oracle Strategic Enterprise Management, a Web-enabled suite of analytical applications, is embraced by companies worldwide and implemented at over 40 client sites across Europe, Asia Pacific, and the United States. It enables the key management processes for strategic planning, integrated budgeting and forecasting, measuring organizational effectiveness, as well as compensation.

Dr. David P. Norton, president of Balanced Scorecard Collaborative, said, "We have developed the Balanced Scorecard Collaborative Certified Program based on Balanced Scorecard Functional Standards to ensure that the Balanced Scorecard name maintains meaning, and that any investment made in associated software retains its value. We are pleased that Oracle Corporation is taking part in this program."

"I've always been a big believer in key performance indicators. If you can measure something, you can improve it. The power of Oracle Balanced Scorecard is that you can measure and improve performance across the enterprise, at all levels," said Jeff Henley, Oracle CFO. "The certification by the industry thought leaders is a clear acknowledgment that our product functionality meets the strict qualification criteria. Oracle's ability to deploy Balanced Scorecards over the Internet offers companies a powerful way to communicate and execute strategy throughout the enterprise."

Users of certified Balanced Scorecard applications are assured that those applications are compliant with Balanced Scorecard Functional Standards, and can thus be used as the foundation of a strategic management system based on the Balanced Scorecard.

About the Balanced Scorecard

The Balanced Scorecard is an organization framework for implementing and managing strategy at all levels of an enterprise by linking objectives, initiatives, and measures to an organization's strategy. The scorecard provides an enterprise view of an organization's overall performance by integrating financial measures with other key performance indicators around customer perspectives, internal business processes, and organizational growth, learning, and innovation. Since the concept was introduced in 1992, Balanced Scorecards have been implemented at corporate, strategic business unit, shared service functions, and even individual levels at hundreds of organizations -- in both the private and public sectors- worldwide.

About Balanced Scorecard Collaborative, Inc.

Balanced Scorecard Collaborative, Inc. (BSCol) is a professional services firm that facilitates the worldwide awareness, use, enhancement, and integrity of the Balanced Scorecard as a value- added management process. Founded and led by the creators of the Balanced Scorecard concept, Drs. Robert Kaplan and David Norton, BSCol provides a global center of Balanced Scorecard excellence through consulting, education, training, publishing, research and development. For more information, visit the Company on the Web where you can join Balanced Scorecard On-line free for the latest insight and resources at http://www.bscol.com.