Every business is looking to influence a handful of metrics, but searching for updates on their performance can be a real hassle. With Scorecards, you’ll receive notifications on your most important KPIs, exactly when needed – whether it’s on a daily, weekly, or monthly basis.
In today’s fast-paced world, thriving means being proactive, not just reacting to data. Closely tracking key metrics can help you spot important trends, anticipate what’s coming, and take action when it matters most. Without a way to easily get updates on your performance metrics, you’ll struggle to…
When it’s time to plan new strategies, it’s important to have a clear understanding of how your business is performing. To make more informed decisions, you need a more efficient way to get regular updates on your organization’s progress. This is where Balanced Scorecards come in.
A Balanced Scorecard allows you to get a high-level overview of your business performance across different areas like marketing, sales, customer support, and more. By including metrics from these different departments, you’ll be able to efficiently track your progress toward your goals, identify important trends, and quickly react to any changes in your performance.
Let’s imagine you are an eCommerce business that is looking to create a Balanced Scorecard to monitor overall performance. And in your Scorecard you’re looking to track metrics like Total Revenue, Sessions, Cart Abandonment Rate, Engagement, and more.
In Databox, you’d navigate to Notifications and click + New Scorecard. Then, select your first metric (Total Revenue) from the drop-down menu.
You would continue to repeat the above step until you’ve added all of your KPIs to your Scorecard.
Because a Scorecard is almost like a screenshot of your performance, you’ll want to select the Date Range and Comparison Period for your metrics. Then:
In Databox, you have the flexibility to choose who can receive your Scorecards by defining your Recipients. You can choose to share it with yourself only or other users in your account to guarantee that the right people have access to these updates.
Lastly, you’ll want to give your Scorecard a name and press Save.
Every team has its own set of metrics that they are looking to influence. For sales teams, this might be meetings booked, deals created, and deals closed. Content writers, on the other hand, may focus on metrics like the number of blogs published, website sessions, and bounce rate. Having visibility into your progress is important to your success – no matter your team’s goals.
By using traditional scorecards, you’ll be able to track the performance of different departments, teams, and individuals within your company. Proactively selecting a handful of metrics will help you stay on top of your team’s performance and drive continuous improvement.
As you create your Traditional Scorecards in Databox, consider sharing them with the rest of your team. This will help improve transparency and accountability within your department because everyone will be able to see how their individual efforts contribute to the team’s overall performance. Here’s how:
Under Recipients, select Me and Selected Users. Then, type the email address of the team members you would like to share the scorecard with. Once you are done, press Save.
Using background colors you’ll be able to easily update the look and feel of your Scorecards. With a wide range of color options, you can personalize your Scorecards to reflect your brand’s unique identity and create a cohesive visual experience for your teams and stakeholders.
When creating your Scorecards, the way you arrange your metrics can have a big impact on how well you understand your data. Consider grouping related metrics together to improve your analysis efforts.
Let’s say you’re creating Scorecards to help your team members track the progress towards their goals. Instead of starting from scratch every time, you can quickly duplicate an existing Scorecard and then make the relevant adjustment to fit each team member’s needs. This way, you’ll save a lot of time and effort, while still providing each team member with a personalized performance update.