Simplify data aggregation
Demonstrate your social value and impact to policymakers, funders, and other stakeholders in a democratic way! Here is how.
Depending on the years of operation and growth, CDFIs have many donation management, event management, accounting, and program data management systems. Hence, leading to data sitting on data islands. Very few have data in a master data which is well integrated
Often CDFIs are required to provide funding reports or outcome reports to foundations, government or impact investors. These funders often demand certain outcomes, metrics results at a pre-defined period such as monthly, quarterly, year or program end. Good reporting requires further improvement with the data collection process
Often CDFIs do not have matured systems to manage beneficiary, employee, volunteers, and stakeholders. Hence, they often end up collecting data in spreadsheets or a custom database
Often funding from foundations and government requires that grantee submit result that includes the social value or social return on investment (SROI analysis). CDFIs often hire an evaluator which is time-consuming and not scalable