Performance Management Pros to Participate, Contribute and Leverage Information on Scorecard Exchange
San Mateo, Calif. – February 8, 2011 – Actuate Corporation (NASDAQ: BIRT), The people behind BIRT® and the leading open source Business Intelligence (BI) vendor, today announced the latest iteration of BIRT Scorecard Exchange, a business-to-business site that grants BIRT Performance Management practitioners zero cost access to best practices, frameworks, prebuilt measurement criteria and community links. Accessible through the ‘Share’ feature in BIRT Performance Scorecard and via the web, the new Scorecard Exchange allows users entrance into the Actuate framework library which contains hundreds of complete business Key Performance Indicator (KPI) frameworks, equating to tens of thousands of unique metrics and performance measures.
Scorecard Exchange provides members with unlimited access to information resources, templates, a robust library of free BIRT applications, real world case studies and research articles that showcase how Performance Management teams at any organization can engage in even the most complex initiatives. Also included is a Performance Management Marketplace featuring Actuate’s frameworks and Application Showcase; informative resources including white papers, on-demand web seminars, podcasts, Perform Magazine and community forums.
"We are very pleased with our Actuate performance management experience and look forward to using Scorecard Exchange so that we can translate any strategy or performance measurement paradigm into tangible metrics, better enabling us to make aligned and effective managerial decisions for the City of Dallas" said Margaret Wright, assistant director, strategic customer services, City of Dallas. "Additionally, we appreciate the opportunity to collaborate with others from across the globe in the Scorecard forums as we share and learn best practices while gaining access to thousands of proven KPIs."
"As a longstanding customer I was very happy to see the latest release of BIRT Scorecard Exchange" said Lori Clifton, Integrated Systems Specialist of St.Thomas Elgin General Hospital. "In our healthcare environment keeping up with best practice is difficult and it's great to know that Actuate recognizes the importance of community by providing a site packed with information about best practices, metrics and methodologies that we can apply right away. As a smaller sized customer, this reinforces that we are very much part of the total Actuate community."
The collection of KPI libraries and customer best practices in Scorecard Exchange enable users to access and share pre-built solutions to improve organizational performance and help organizations implement business methodologies or regulatory guidelines. Multiple layers of information are more valuable in assessing performance than single measures without context when formulating an effective KPI structure. The Exchange is organized by vertical market and includes financial services, healthcare and government sectors. Each sector includes proven templates and measures that can be used as frameworks when organizations want to get up and running quickly with best in class performance management.
“The need to provide collaboration and community in performance management has increased the opportunity for helping organizations reach their potential. Actuate advancements in the BIRT Performance Scorecard Exchange addresses this new opportunity by providing best practices and information related to metrics, indicators and scorecards,” said Mark Smith, CEO & EVP research at Ventana Research. “Actuate has been advancing the community and science of performance management for many years and should be applauded for its continued investment and the Scorecard Exchange.”
“Ensuring best practice performance management is fundamental to organizational success,” said Richard Crutchlow, vice president and general manager, Actuate Performance Management Division. “We encourage all Performance Management professionals to explore Scorecard Exchange to obtain insight from industry thought leaders, our own internal subject matter experts and submissions from other community members to help them get a jump start in driving performance within their organizations.”