Corporater Earns Palladium Kaplan-Norton Balanced Scorecard Certified™ Software Designation
Corporater EPM Suite Deemed Compliant with Strategy Management Methodology
BOSTON, MA — June 11, 2012 — Palladium Group, Inc., the global leader in strategy execution consulting, announced today that Corporater and its Enterprise Performance Management (EPM) Suite application has earned the Palladium Kaplan-Norton Balanced Scorecard Certified Software designation. The certification means that the application is compliant with the Palladium Kaplan-Norton Balanced Scorecard (BSC) and the strategy management system of which it is a part.
The certification process consists of a product demonstration by the application provider, a documentation review, customer interviews, and a lab test by Palladium Group. As a result of the certification, Corporater has the right to use the Palladium Kaplan-Norton Balanced Scorecard Certified Software logo on product materials and information. Palladium Group’s web site will also identify the Corporater EPM Suite as certified software.
Software certification is designed to provide guidance to users evaluating BSC and other applications that support the Palladium Execution Premium Process™ (XPP) which is based on the Kaplan-Norton strategy management system. The program also defines development guidelines for software providers wanting to support the Palladium XPP as defined by Kaplan and Norton.
Drs. Robert S. Kaplan and David P. Norton are the creators of the Balanced Scorecard, strategy map, and the Kaplan-Norton strategy management system. They are the world’s leading authorities on strategy measurement and management respectively. Kaplan is Baker Foundation Professor at Harvard Business School, and the Chairman of Professional Practice at Palladium. Norton is a Founder and Director of Palladium.
The Balanced Scorecard, first introduced as a measurement framework to capture financial and non-financial measures of organizational performance, subsequently evolved into a key tool of the Kaplan-Norton strategy management system, a comprehensive, six-stage, closed-loop management system that links strategy to operations. It is the world’s most widely adopted system for successful strategy execution.
“We developed software certification to ensure that the Balanced Scorecard name maintains its meaning and that any investment made in associated software retains its value,” said Norton. “The Kaplan-Norton strategy management system, which includes the Balanced Scorecard and is the basis for certification, helps organizations clarify strategy, drive performance, and optimize data to make better decisions. We are pleased that Corporater is taking part in this program.”
Kent Smack, director, product management, Palladium Group, adds: “Users of software applications certified through this program are assured that these applications are compliant with BSC functional standards and can thus be used as the foundation of a strategic management system based on the Palladium Kaplan-Norton approach.”
“Companies are interested in building internal competency to execute their business strategies,” said Tor Inge Vasshus, CEO of Corporater. “With this independent evaluation of our EPM Suite as compliant with the predominant strategy management system, the certification underscores the invaluable role that Corporater software plays in helping companies become strategy-focused enterprises.” Corporater is a sponsor of Palladium Kaplan-Norton BSC Certification Boot Camps around the world, which certify individual competency in strategy execution knowledge.
To learn more about the Palladium Kaplan-Norton Balanced Scorecard Software Certified program, including the application process, functional standards, and certification requirements, visit http://www.thepalladiumgroup.com/softwarecertification, or contact Kent Smack, firstname.lastname@example.org (781.402.1174).
About Palladium— Palladium Group is the global leader in helping organizations solve their most pressing strategy execution challenges. We provide our clients with an integrated set of services—strategy and technology consulting, education, training, and certification—that deliver tangible results and enduring internal capabilities. The benefits of our approach are demonstrated through the Palladium Balanced Scorecard Hall of Fame for Executing Strategy® which recognizes organizations that have achieved premium returns through outstanding execution. Visit http://www.thepalladiumgroup.com
About Corporater— Corporater provides business users with easy to use software that drives strategy execution and delivers organizational performance. Our vision is for the Corporater Enterprise Performance Management (EPM) Suite is the first choice for business users in strategy-focused performance management solutions. With our “Business in Control” approach, we deliver solutions to more than 1,000 customers worldwide that are fully managed and configured by customers. Years of experience and customer-driven development ensure you have all the features needed to maintain a culture of performance across your entire organization. To learn more, visit http://www.corporater.com# # #
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