WHY USE IMPACT SCOREARD?
Impact Scorecard is designed for impact ecosystem players such as enterprise, asset managers, public agencies, and nonprofits. With Impact Scorecard organization can -
- Bring everyone to the table through better impact data, story, documents, and field management notes
- Communicate and pitch impact results effectively
- Align results by Sustainable Development Goals, Targets, and Indicators
- Custom Goals and Targets
- Align with Impact Management Goals
- Communicate key indicators and results
- Qualitative Results Analysis - AI-driven stakeholder's voice
Why use
The Impact Scorecard serves the following purposes:
- Communicates the social impact of Investments or Projects
- Allow organizations to refine their Impact Strategy to meet any Social Impact goals they may have set.
- Simply the alignment of SDG indicators with the generated Social Impact outcomes.
- Allows comparison of Impact between similar Investments or Projects in a portfolio or comparison with industry standards or peers.
- Clearly Communicate the risks and assumptions recorded in the Impact Strategy.
- Allows to predict or forecast Social Impact based on the Impact Strategy put in place by an organization.
- Managed external services model
COLLABORATE
Impact Scorecard not a traditional scorecard for reporting results. It is the most groundbreaking approach that brings both asset managers and assets or grantmakers and grant seekers together using collaborative impact data learning. It allows you to aggregate predefined impact metrics. It helps aggregate due diligence documents, files, images, video, and field notes so that that impact ecosystem partners can provide collaborative impact into the overall process.
Impact Cloud Impact Scorecard is more than just reporting the quantitative outcome indicators. It was designed to report the results to funders in the easiest to understand manner. The scorecard provides an intelligent combination of qualitative and quantitative data that intends to provide deep insights without the need for manual intervention.
Imagine collecting qualitative data from your end beneficiaries and not using it to measure the impact you are creating. Leaving out qualitative data from impact measurement creates a big gap. Impact Cloud lets you smartly combine qualitative and quantitative data.
I
Impact Scorecard provides the below out-of-the-box
- Alignment of Indicators with SDG goals and targets.
- A quick view of targets, forecast, and actual values (including the difference between targets and actuals) for the output and outcome indicators based on the funder's preference.
- Compare partner's results within your portfolio based on common metrics and indicators.
- Compare your impact results with investments and industry peers through external data integration.
- Combine qualitative data, such as sentiment analysis, from your end beneficiaries, helping to understand your impact beyond just the numbers.
SDG TRACKING
Monitor Country or State Level Progress
As businesses, public agencies, international development agencies and impact investors align around sustainable development goals (SDG), it is important to simplify SDG impact indicators aggregation. Many countries have already started to create their on SDG Tracker.
Examples of SDG Trackers:
- Country level overall SDG tracker
- SDG Goal specific tracker
- SDG Tracker for Public-Private Initiatives
