Pilot Software and Balanced Scorecard Collaborative Announce Pilot BusinessMonitor™ Certification
Flexible architecture, intuitive interface and sophisticated analysis capabilities lead to designation of Pilot BusinessMonitor™ as Balanced Scorecard Collaborative Certified™
MOUNTAIN VIEW, Calif., April 7, 2003— Pilot Software, a leading provider of business analytics solutions, today announced that Pilot BusinessMonitor, its performance management solution, is Balanced Scorecard Collaborative Certified™. Under the terms of the certification, Pilot BusinessMonitor is designated as compliant with Balanced Scorecard Functional Standards™ as maintained by Balanced Scorecard Collaborative. The certification is designed to eliminate confusion in the marketplace by educating suppliers and buyers about the important elements of a Balanced Scorecard management system.
Certification allows Pilot Software to promote Pilot BusinessMonitor as certified by the creators of the Balanced Scorecard. Further, the Balanced Scorecard Collaborative Web site will identify Pilot BusinessMonitor as certified.
"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," said Dr. David P. Norton, president of Balanced Scorecard Collaborative.
Users of certified 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.
"Pilot BusinessMonitor satisfies all of the Balanced Scorecard Collaborative certification requirements and we are pleased to introduce this flexible tool to our lineup of Balanced Scorecard applications," said Ms. Laura M. Downing, senior vice president of Balanced Scorecard Collaborative.
"Pilot BusinessMonitor`s highly customizable and flexible solution works with a wide range of standard or proprietary performance management frameworks and methodologies, including the Balanced Scorecard (BSC) approach," said Thomas Lefort, vice president of product development at Pilot Software. "Balanced Scorecard certification reinforces our commitment to providing integration-friendly business analytics solutions that help companies make more profitable decisions."
The certification process consists of a demonstration of the product by the application provider, a documentation review, customer interviews, and a Balanced Scorecard Collaborative lab test. Application providers certified as a result of this process have the right to use the Balanced Scorecard Collaborative Certified™ mark.
Balanced Scorecard Functional Standards were announced on September 30, 1999, by Balanced Scorecard Collaborative, Inc., the organization that facilitates the worldwide awareness, use, enhancement, and integrity of the Balanced Scorecard as a value-added management process. The standards form the basis for certifying software from suppliers seeking to comply with the methodology of Dr. Robert S. Kaplan and Dr. David P. Norton, creators of the Balanced Scorecard concept. The full set of standards can be viewed at www.bscol.com/certification.
About Balanced Scorecard Collaborative, Inc.
Balanced Scorecard Collaborative, Inc. (BSCol) is an education, training, advisory, research, and development organization that facilitiates 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 to organizations and individuals a global center of Balanced Scorecard excellence and expertise. BSCol`s Web site is found at www.bscol.com.
About Pilot BusinessMonitor
Pilot BusinessMonitor is a full-featured, integration-friendly performance management solution that enables organizations to improve operational effectiveness by helping them define strategy, translate it into operational objectives and then measure corporate performance against those objectives. A Balanced Scorecard Collaborative Certified™ solution, Pilot BusinessMonitor boasts features such as an intuitive, browser-based interface; sophisticated, out-of-the-box analysis capabilities; an open, flexible architecture; and built-in Time Intelligence™ to automatically link performance management to corporate fiscal calendars. Whether used on its own, integrated with the Pilot Software family of business analytics solutions, or with existing business analytics investments, Pilot BusinessMonitor delivers on Pilot Software`s commitment to provide integration-friendly business analytics solutions that help organizations make more profitable decisions. For more information about Pilot BusinessMonitor, visit: www.bscol.com/pilot or www.pilotsoftware.com/businessmonitor.
About Pilot Software
Pilot Software is a leading provider of open, integration-friendly business analytics solutions that enable organizations worldwide to measure and meet business performance objectives by transforming corporate data into profitable decisions. Named to DM Review`s 100 list as one of the best business intelligence providers, Pilot Software`s solutions provide organizations with a 360-degree view of virtually every aspect of their business, including financial, operations, marketing, sales, and product development. The resulting information enables Pilot Software`s customers to increase sales, deepen customer relationships, build better products, streamline operations, and make better overall business decisions. Customers include Coors Brewing Company, The Boeing Company, General Services Administration, LendingTree, Pacific Life Insurance, and Swiss Re.
Pilot Software was founded in 2002 and has headquarters in Cambridge, Mass. and Mountain View, Calif. The company is privately held with funding from Excelsior Venture Partners III, LLC, a private equity fund managed by U.S. Trust. Pilot Software can be reached at (617) 374-9400. More information about Pilot Software is available at www.bscol.com/pilot or www.pilotsoftware.com.
About the Balanced Scorecard
The Balanced Scorecard is an organizational 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.
Pilot Software Media Contact
Aimee Quemuel
Ventaja Communications, Inc.
(415) 753-9005
aimee@ventajacom.com
Balanced Scorecard Collaborative, Inc.
Robert L. Howie, Jr.
(781) 402-1192
rhowie@bscol.com
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