Can You Honestly Tell Your Donors You Know How You're Doing?
Nonprofits are constantly seeking ways to improve their effectiveness and demonstrate the impact of their work to donors and board members. One way to do this is by using a business intelligence (BI) tool. A BI tool is a software platform that collects and analyzes data to provide insights and make informed decisions.
Nonprofits that lack a well-configured BI tool are at a disadvantage when it comes to demonstrating their success. Without this tool, nonprofits must manually compile and analyze data, which can be time-consuming and error-prone. This can lead to missed opportunities to share successes in real time, which can affect fundraising efforts and overall mission impact.
Consider this hypothetical example: A nonprofit has just completed a successful fundraising campaign, but they need a way to track the outcomes of the campaign and communicate them to donors and board members. They use Salesforce to manage their donor and fundraising data, and Workato to integrate data from third-party sources such as social media and web analytics. Using a BI tool like Tableau, they can create an interactive dashboard that displays real-time fundraising data alongside program outcomes sourced from third-party data services. This makes it easy to see how the funds raised are directly impacting the organization’s mission, and to share that impact with stakeholders in an intuitive and visually appealing format.
3. Operating on Old Technology: If your non-profit hasn’t upgraded to cloud-based services and isn’t exploring emerging technologies such as AI, you’ll likely need to do so in the next few years. Upgrading your network and data architecture is a serious undertaking under the best conditions. Familiarity with both old and new technology is essential, and poorly implemented upgrades can be just as harmful as not upgrading at all. A sensitive handover such as this requires professional oversight.
At Condotty, we understand the importance of data-driven decision-making for nonprofits. That’s why we specialize in developing custom BI solutions that integrate with your existing systems to provide real-time insights and inform your organization’s decisions. Contact us today to learn more about how we can help your nonprofit leverage the power of data to achieve its goals.