Balanced Scorecard Software is used to track and monitor performances, as well as the results and implications of these performances on overall business goal. The key performance indices and objectives of any business can easily be tracked overtime with the use of Balanced Scorecard Software. These applications provide solutions for compliance management which helps businesses meet the often stringent requirements of the different global regulations. This helps companies reduce compliance costs as well as operational risks. Balanced Scorecard Software helps to emphasise strategies and promote a culture of performance in an organization. These software also help companies link their finances and budget with strategy. Balanced Scorecard Software provides visual tools and semi-structured reports of strategy performance against business activities. These visual and reporting features are supported by design and automation tools. More advanced balanced Scorecard Software come with online collaboration abilities, helping the organization communicate and stay up to date on the development of businesses activities, all in a systematic and integrated method in converting the strategy into action.