AUSTIN, Texas--(BUSINESS WIRE)--Only 16 months after its launch, more than 30 organizations and thousands of employees across numerous industries are now using the Khorus business management system to improve alignment, engagement, and performance. For example, with high demand for its suite of applications that help CIOs manage IT like a business, Apptio selected Khorus to focus all employees on a set of strategic objectives and fuel continued growth.
“As a high quality enterprise SaaS business, we create a set of strategic goals each quarter but need to drive that information and focus systematically throughout the organization,” said Alex Shootman, president of Worldwide Field Operations for Apptio, based in Bellevue, Washington. “We have a cascading goals process but no nimble mechanism to ensure the quality of those goals or performance against these objectives across the company. Trying to manage this process via an HR system, Excel, or PowerPoint is often cumbersome.”
Khorus provides organizations with a single system of record to align the goals of every knowledge worker with the strategic objectives of the CEO and executive team. This goal cascade shows employees what they should focus on and reinforces how and why their work matters, increasing employee engagement.
In addition, every week the system collects forward-looking intelligence from each employee on his or her goals. This company-wide forecasting helps leaders determine if organizational commitments are on track, better predict future performance, and make more informed decisions.
“I’ve been doing goal setting for years and know how powerful it is, so to apply that in one fell swoop with Khorus has been massively productive,” said Cole Harmonson, CEO of Far West Capital based in Austin. “Khorus helps us to create the results that we want. I ensure that the strategy and key objectives for the organization are always front and center. With everyone participating, we’ve increased alignment and focus.”
Khorus also includes an intuitive, real-time dashboard showing company performance against key goals, enabling the CEO and management team to quickly spot any potential problems and then drill down to specific employee goals as needed for more insight into what preventive actions to take, such as applying more resources.
“Our customers are facing a challenge common to high-demand businesses in dynamic markets: aligning everyone in the organization around strategic objectives and ensuring optimal execution to drive growth,” said Joel Trammell, Khorus CEO. “We are filling a gap in the market by providing a formal system of record for codifying everyone’s objectives and collecting crowd sourced intelligence for a more predictable business.”
Other Khorus customers include Bethany College, Black Box Corp., BuildASign.com, Consero Global, Michael & Susan Dell Center for Healthy Living, Packet Design, Port Royal Ocean Resort & Conference Center, and SpareFoot. Khorus targets departments and companies with 100 or more knowledge workers.
The company recently announced $4 million in Series A funding for marketing and R&D purposes. In the third quarter, Khorus will release new versions of its Web and iPad software with enhancements for creating and managing goals as well as viewing company performance at a glance.
About Khorus
Austin, Texas-based Khorus provides business management software and a methodology to help CEOs run their organizations more effectively using weekly, predictive insight from every employee. Designed by CEO Joel Trammell, Khorus enables leaders to align employees to strategic objectives, get timely intelligence, and forecast the likelihood of achieving each goal. With this platform in place, CEOs have a single system for enhancing company performance and their own effectiveness, avoiding uncertainty and surprises, and handling the unique measurement and management challenges of today’s complex knowledge-work. Learn more at khorus.com.
