Social Impact Measurement For Funders

Rise in social impact funding is putting a much needed focus on effective impact measurement for internal decision-making and external transparency. Current approaches are often time consuming and limited to financial output metrics or inconsistent data collection, which negatively impacts our mission goals and beneficiaries.

Transcript

1. SOCIAL IMPACT INVESTMENTS & CSRs Measurement & Management PLATFORM “Measure what Matters”
2. 2 SoPact – Our Mission SoPact is the result of a powerful social vision and personal journey. During the founder’s (Unmesh Sheth) childhood in India, he experienced firsthand many difficult social issues (e.g. health, education, poverty), along with lack of communication, transparency, social innovation and sector collaboration. Unmesh felt that social change was difficult due to lack of efficient systems, data measurement and sharing - and that this is a global problem. In 2013, Unmesh decided to create social change through an innovative and comprehensive platform - SoPact - for measuring & managing financial + social impact. SoPact’s goal is to better support the social sector which transform the lives of our businesses, investors and beneficiaries.
3. Courtesy: Slides from Rick Jacobus
4. Social sector has no single value of return unlike “Profit” in business world. “Social Return On Investment” is never going to get “Bottom Line” Measurement like Financial Market
5. “Standardized” Data in Funder Reports Detailed data about impact of each program Big Gap Courtesy: Slides from Rick Jacobus
6. Metric #PI3902: Health intervention completion rate IRIS CHMI 33% increase in immunization at $28 per fully immunized child (western India only) RCT Courtesy: Slides from Rick Jacobus Funder Impact Measurement Program Outcome Improvement
7. 7 SoPact Solution SoPact platform encompasses leading industry standards and yet is easily customizable. Our innovative approach and vision is to build better social sector with their increasing need for more effective financial + social measurement, reporting and storytelling
8. FUNDER IMPACT MANAGEMENT
9. 9 BENEFITS OF FUNDER IMPACT MEASUREMENT Improve Language Of Measurement Portfolio Financial + ESG Outcome Better Tracking Between Funder & Program Better Collaboration Post- Investment Visualization & Reporting
10. 10 Improve Language Of Measurement Powerful Standard Based Reference Objects 01 02 03 04 Occupation, Job & Volunteer Profiles 3500+ Standard based (India), 8000+ (US) Regions 10000+ Regions: Continents, Countries, State, District, Taluka, Village etc. Skills & Qualifications Country based standards Other Product Service Type Crop Type Live Stock Sectors Consistent standard and best practices based language of measurement Most IT System in Social Sectors are not designed for data accuracy, aggregation and visualization Creating garbage-in – garbage-out
11. 11 Portfolio Management DUE DILIGENCE 01 MANAGEMENT, MONITORNIG & EVALUATION 04 REPORTS & BENCHMARKING METRICS & SURVEYS Benefit Org 1 Sector 1. Benefit Org 2 Sector 2 Benefit Org 3 Sector 3 Benefit Org N Sector N 01 02 03 04 Due Diligence Evaluate scenarios based on contacts, leads, due diligence, scorecard ratings, voting and approval Management, Monitoring & Evaluation Systematic data collection and analysis from funders allows you to effectively monitor and manage your portfolio Metrics & Surveys Perform surveys, plus generate ratings or scores to be shared among sector peers Reports & Benchmarking Quickly report and communicate social + financial outcomes, variances and sector benchmarking stats
12. 12 Social Impact Tracker Comprehensive Social Impact Measurement School PPI Health Disability Agriculture Modeling Theory of Change & Custom Metrics Builder Track Reports By Funders Due Date Report Publisher Formats: CSV, PDF, Web Page Publish Publish to funder in various formats Share customized mobile & web forms Share standard measurement best practices 04
13. 13 02 Collaborative Platform • Salesforce Chatter for Great Collaboration • Personalized Tasks, Cases Collaboration & Program 03 Program Management • Powerful program, funds and objective management tool • Key Indicators • Standard CRM 01 Built on World’s Leading Cloud Platform • Built on Salesforce Force.com platform • Dramatically improves Salesforce’s UI Design
14. 14 01 Auto Generated Web Page • Single page design generated from SoPact engine • Quick organization summary • Simple Program Reporting • Powerful Social Impact Data Visualization Post-Investment Visualization & Reporting 02 Measure Return on Community • Engage community by connecting cause & skills • Track time spent & calculate impact volunteer time, donations, acceleration program, hackathon, local program, or social enterprise startups/funds • Reward sponsor, donors and social points Breadth of Impact Program Impact Depth of Impact Community Impact
15. 15 BENEFITS TO INVESTORS Greater Financial Return + Social Impact With SoPact, social sector organizations can generate higher financial returns, and accordingly, greater social impact Real-time Financial & Social Scorecard • Streamlined data collection and entry • Scoring engine utilizes continuous data stream • Real-time calculation of success fees / hurdle rates Reduction of Monitoring Expenses Less time required for monitoring, means employees can now focus on operations, business development & growth objectives
16. PROGRAM OUTCOME IMPROVEMENT
17. 17 BENEFITS OF PROGRAM OUTCOME IMPROVEMENT Improve Language Of Measurement Beneficiary Life Cycle Management Programs: Training + Employment Outcome: Case+ Program Outcome Improvement
18. 18 01 Beneficiary Lifecycle • Beneficiaries: Candidates, Employee, Clients, Suppliers, Distributors • Intake Management • Health & Human Resource Evaluation • Job Profile Evaluation • Training • Employment Assignment Beneficiary Lifecycle Management 02 Real-time Impact & Operation • Dynamic charts reflecting filters (below) • Program Indicators • Organization Indicators • IRIS 3.0 Demographics Indicators 04 Powerful Data Management • Mass Data Import • Mass Data Editing • Mass Email • Convenient Case, Task Management 03 Domain Service Pack • Disability • Low-Skill, Semi-Skill Vocational Training • Youth Education • Adult & Homeless Jobs
19. 19 01 Training • Training, Classes, Enrollment & Trainers • Real-time Enrollment Metrics by programs & trainings Training & Employment 02 Employment • Manage Job Opportunities • Innovative search to meet subjective profiling, such as: Job Profile, Disability and Groups • Standard Match Criteria • Simple Drag & Drop Job Seeker lifecycle management
20. 20 01 Case • Manage program, candidate and company case • Rapidly identify performance bottlenecks Case & Program 02 Program • Manage program specific metrics
21. 21 Outcome Improvement
22. 22 Built for Mobile Workforce Mobile first Application iPad & Android Application Desktop Application Build mobile apps No programming Easy data collection On-site or in the Field Data Collection Designed for side-by-side comparison More data in fields Impact Dashboards Streamlined Communication Data Collection In-depth Analytics Charts & Graphs Streamlined Communication
23. 23 Innovative Data Collection Powerful Mobile UI, Localization & User Interaction - No Programming Standardized dictionary & taxonomy for benchmarking & scorecard reporting Collect any data in just 3 clicks Operation Manage each step of the workflow & audit process 01 02 03 04 Data Association & Reporting Key Performance Indicators (KPIs), and data by sector, operations, beneficiaries, programs and funds Project Management Data collection and assignment to case or field workers. Manage task distribution and work load Accounting & Auditing Internal & external accounting and audit trails Open Data Data can be shared
24. 24 Getting ready for Metrics 3.0* Step 01 Reporting Standards such as IRIS or PPI, or customized metrics Step 02 Transparency Share reporting & data on your operations, program, funding or sector Step 03 Value Creation (Execution) • Manage cross-sector applications • Share, Aggregate & Benchmark • Simple Mobile First & Web UI with state of art real-time stories, analytics Step 04 Decision-Making / Strategy Improve internal processes & outcomes, define KPIs BRIDGING SOCIAL IMPACT MEASUREMENT GAP BETWEEN IMPACT FUNDERS, PRACTIONERS AND SOCIAL SECTOR ORGANIZATIONS SoPact Impact Social Impact Measurement for Social Sector SoPact FastTrack Collaborative & Customized to meet your goals Step 05 Transformation Engage community and social networks
25. 25 Web & Mobile Applications Storytelling User Engagment SoPact FASTTRACK Social Business Strategy Optimized business process to improve operation outcome Content Strategy Content Strategy Dynamic content strategy to meet current and future business process User Engagement Engage your community, donors and beneficiaries via a rich user experience Storytelling Show your stories in real-time, with up to the minute slides, webpages and dashboards Web & Mobile Applications Most advanced cloud-based deployment. Design utilizes most optimal UI to reduce data overload, and ensures ease of use SOPACT FastTrack uses SoPact Impact as a core; but it is designed for a continuous improvement in capacity of resources, donation & grant capability or benefit engagement SoPact is an application platform built on the most advanced Salesforce platform. Salesforce’s tools provides a dynamic engine to help communicate stories and sentiments among donors, students and communities
26. 26 SoPact FASTTRACK SERVICES Migration, Integration & Communication Social Network Sentiment Analysis Gamification Automation, Workflow, Process, and more! Advanced Social Impact Platform SoPact FASTRACK is our most simple, yet still comprehensive measurement service for data collection and reporting, and many more capabilities - financial management, operational decision making, strategy and external reporting communications. SoPact provides quality & efficiency, so organizations can quickly utilize this data for sharing and connecting to donors, clients, volunteers, partners and beneficiaries. Dynamic Content Web/Reporting REALITY
27. 27 CUSTOMIZE IN DAYS 01 02 03 04 Select Objects & Metrics from Large Resource Library Survey objects from large cross-sector resource library +Beneficiaries, clients, suppliers, distributors, employers, employees + Specify objects / metrics by environment, social and governance (ESG) Customize with Unique Metrics Build Reports and Create Stories Publish Data Files or Reports
28. 28 Case Study SEWA Membership management platform for 1.8 million underprivileged women Ektta/Pallium Healthcare impact measurement platform for palliative care patients Enable India Capacity building platform for a leading disability sector (Ashoka & Skoll Fellow) Future Success Cases We encourage your partnership and collaboration in building solutions for global social impact and social change For every $ of grants an organization received, Enable India generated returns of 15 times, by providing new employment opportunities Financial Returns + Beneficiary Impact Efficient data collection, reporting accuracy, and greater funding potential Funding Opportunities Reduced lead time, better matching, and more qualified job placements Greater #of Job Placements Visualization provides clear communication and better engagement for the beneficiaries, leading to a greater social outcome Improved Beneficiary Experience
29. 29 Compare Platforms Excel Other cloud based products B-Analytics SoPact SoPact incorporates core functions from other technology platforms and tools (shown below), and also provides additional levels of powerful & innovative capabilities. We effectively bundle many technologies and impact tools into an easy to-use, customizable and low-cost platform. SoPact is a user- friendly (no coding required) yet comprehensive cloud & mobile first platform with excellent flexibility, measurement and sharing capabilities, built with the latest data intelligence. Mobile / Form Survey based products Nationbuilder, Blackbaud, Social Solutions
30. 30 Why Work With SoPact Strategic Customer or Partnership Seeking collaborative partners who share our vision for the social sector” Efficient Solutions Efficient Solutions SoPact solutions reduce time & increase efficiency Social Impact Tools, Approaches & Standards SoPact understands there are 100+ different approaches and tools for measuring social impact, and embeds many of them into our comprehensive platform Why SoPact? We can help you build a customized and comprehensive solution that incorporates all the tools, standards and approaches you value most. Now, you can ‘Measure what Matters’ ASK for our powerful demo Thanks for your interest
31. 31 Hetal Sheth Unmesh Sheth Co-Founder, VP Benchmarking About Us Kim Kastorff Social Impact Consultant SoPact, Team Co-Founder, Chief Unreasonable Officer
32. 32 Contact Us Unmesh Sheth 280 Chantecler Dr Fremont, CA 94539 Address usheth@gmail.com +1-510-226-8535 +1-510-676-9502 http://www.sopact.com Contact linkedin.com/in/unmeshsheth/ Facebook.com/sopactcom Twitter.com/sopact Social Media
33. ASK for our powerful demo and let’s become partner in solutions Thanks for Interest, and please contact us