Financial Outsourcing Balanced Scorecard Metrics Template
The choice and process of outsourcing financial tasks has to be a carefully evaluated process. The reason is that a minor mistake in this regard can ‘make’ or ‘break’ the future prospects of the organization. Both the involved partners need to understand the causes of outsourcing this job and weight the ‘costs incurred’ and ‘benefits experienced’ in the light of those realities. The assessment of this process is possible by using the indicators under various perspectives like- Screening, Outsourcing Partner Capability, Outsourcing Process assessment and Benefits Accruing from the job.
The parameters under Screening can be- Infrastructural and Technological Competency, Staff Training and Learning ability, redundancy factor and Number of Support Systems. These help in finalizing the grounds on which the weeding out of the ‘non-suitable’ partners from the lot can be done.
Outsourcing Partner’s capability can be judged using metrics like ‘accuracy meeting ratio’, ‘expectation fulfillment ratio’, ‘pre-set requirement conformance degree’ and ‘migration and streamline index’.
The process of outsourcing can be assessed by using the parameters such as ‘task outsourcing fraction’, ‘decision making alignment’, ‘on-going accounting savings’ and ‘cost savings ratio’.
Finally, one can gauge the benefit that accrue from the outsourcing by using the indicators such as ‘increase in other activities’, ‘quality assurance index’, ‘number of data security measures adopted’ and ‘number of successful projects that occurred because of the financial outsourcing decision’.
Financial Outsourcing Metrics in Excel:
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Download trial version of
Financial Outsourcing Dashboard.
Financial Outsourcing Estimation Balanced Scorecard is distributed
as an Excel file. Before purchase you can download a
trial version of the scorecard.
Financial Outsourcing Estimation Balanced Scorecard Excel file
contains a dashboard (see screenshots below), help information
section, Balanced Scorecard details.
- Purchase full version of
Financial Outsourcing Dashboard. Immediately after your order will be processed you
will have a link to download Balanced Scorecard (BSC) Excel file and file
in
Balanced Scorecard Designer format.
- Use Financial Outsourcing scorecard online with BSC Designer Online system. This SaaS solutions provides world-wide access to scorecards with any web-browser.
- It is necessary to start the design of KPIs with analysis of business problems, use Free SWOT Method Guide to perform this analysis. Check Balanced Scorecard Toolkit for scorecard designing instructions,
download Key Risk Indicators (KRI) Toolkit for risk management.
More ideas on using Financial Outsourcing KPI: Financial outsourcing is about handing over the ‘financial operations’ to an outsider, who is believed to be more proficient at carrying out those tasks. The concerns can be either ‘lower costs’ or ‘expertise’ that compels the concerned organization to go for outsourcing its financial operations. The off-shoring decision however, always has to be a very well-thought one as the quality of output from outsourcer i.e. outsourcing operations can ‘make or mar’ the growth of ‘receiving organization’. Moving on, looking at the fact that ‘finance drives everything’, it becomes all the more important to choose the outsourcer intelligently after giving a good look at all the aspects involved that possess even a ‘minor’ role in the process. By preparing a balanced scorecard to reflect the factors having an impact on ‘growth of outsourcing act’, it is possible to calculate the movements and make further improvements. This ‘measurable approach’ sets the stage for a successful ‘financial off-shoring relationship’. The underlying reason is the transparency brought with this tool, thereby enabling all the involved parties know about the events and happenings of the act.
More useful information for Financial Evaluation:
Business Intelligence (BI) for Financial - measure performance with Financial Outsourcing Scorecard for Excel
We have designed Financial Outsourcing Balanced Scorecard (BSC) in MS
Excel, so now you can measure and control your performance using this popular
business tool. Download
trial
version right now.
Alignment with Balanced Scorecard and KPIs is a great way to control the performance of Financial.
In comparison to other business performance measure and control methods, alignment with KPI is much more easier to implement and use.
Use Financial Outsourcing scorecard to align business performance.
Why do I need these metrics?
MS Excel files that we distribute are a
spreadsheets packed with metrics information and the performance
calculation formulas.
It's a real-business information. We
invested in research that involved experts from Financial Estimation industry who elaborated and shared certain metrics.
It's valuable, real-life experience which will help to improve the performance of your business.
I'm sure you understand the importance of measuring and controlling business using correct metrics, so this small investment will return in a great increase in sales.
To get a basic idea about what metrics to use. We learned a lot of business metrics and packed scorecard with the most successful.
To have a sample excel file, which is easy to modify to fit your needs. All Excel formulas are available for copy and change.
To start with measuring business performance. It's important to start with correct metrics, then you will be able to fulfill scorecard.
Financial Outsourcing Estimation Balanced Scorecard Screenshots

Metrics for Financial Evaluation. This is the actual scorecard with Financial Outsourcing Dashboard and performance indicators.
The performance indicators include: screening perspective,infrastructural and technological competency,staff training and learning ability,redundancy factor,number of support systems,outsourcing partner capability perspective,accuracy meeting level,expectation fulfillment ratio,migration and streamline ease index,pre-set requirements conformance degree,outsourcing process assessment perspective,task outsourcing fraction,decision making alignment,on-going accounting savings percentage,cost savings ratio,benefits accruing perspective,increase in other activities,quality assurance index,number of data security measures adopted,number of successful projects that occurred because of financial outsourcing.
These indicators can be converted from text into the visualized view with BSC
Designer
strategy map function. Right now you can download trial version of Financial Outsourcing Dashboard or purchase full version of this Balanced Scorecard.
Also, it is possible to import this scorecard into web-based balanced scorecard (BSC) software - BSC Designer Online, so it will be accessible to you and your employees with any web-browser. |
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Some Balanced Scorecard help information that explains how to interpret scorecard.
What scores and weights can be changed. |
Download or purchase Financial Outsourcing Estimation Balanced ScorecardRight now you can download a trial version
of Financial Outsourcing Estimation Balanced Scorecard or purchase a
full version online. Also, if you are interested you can subscribe to our
e-course that helps a lot with Balanced Scorecard design.
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