Implementing organization-wide Strategic Performance Management initiatives requires IT support. So-called Strategic Performance Management solutions help to integrate data from disparate sources, enable organizations to analyse the data across all strategic elements, and most importantly allow collaboration and communication of the strategic logic and key objectives organization-wide. This chapter discusses the benefits of implementing a software application and the subsequent appendix introduces a framework that will assist you in the selection process to find the most appropriate automation solution for you. Selecting the right application is critical for a successful implementation. However, the fact that there are many different vendors, who all offer quite diverse solutions, can make this a difficult task. Questions addressed in this chapter include:
What are the benefits of Strategic Performance Management software applications?