Data-Driven Board Reporting Roundup
When more than 900 people signed up to spend an hour talking about data-driven board reporting we knew we’d struck a chord. There are lots of ways the conversation could have turned: What’s most important to measure? How do you measure? How do you build alignment across staff and governance? Who should be involved and how?
But of the many questions we fielded during and following the webinar, most centered on the technology tools used to aggregate and visualize data. This blog provides quick summary of our thoughts addressing the questions participants asked.
Insights and recommendations specific to you
Visualization tools like Power BI can definitely help in presenting data in a more appealing way, but understanding the business of your mission and the specific needs of the various roles in your organization is essential to developing meaningful insights and actionable recommendations. This is where an experienced service provider like CLA can help, by leveraging our experience in data analytics, nonprofit knowledge, and technology to provide customized solutions that address the specific challenges and opportunities faced by each client.
Effective data analysis should provide insights that are relevant, actionable, and easy to understand. This is where industry- and role-based reporting come in. At CLA, we understand that every nonprofit has unique requirements and challenges, and every role within an organization has specific needs and objectives. That’s why we leverage our experience and knowledge of nonprofits to create role-based reporting that helps make you more efficient and effective.
Industry-based reporting
Industry-based reporting involves analyzing data within the context of your organization’s specific requirements and regulations. For example, if you’re a social services organization, you may need to track metrics such as case outcomes and revenue per case. In contrast, if you’re an association, you may need to track metrics such as member retention, conference performance, and certification or exam participants.
Role-based reporting
Role-based reporting involves analyzing data within the context of a specific role or function within an organization. For example, a fundraising and development manager may need to track metrics such as donor retention, grant application conversion rates, and donated revenue per dollar spent. In contrast, a dean of an independent school may need to track metrics such as educational outcomes, student enrollment and retention, and persistence rates.
By creating industry- and role-based reporting, we can provide customized insights that are relevant to your specific needs. This helps to empower users by giving them the information they need to make informed decisions quickly and confidently.
It’s not just about gorgeous visualizations; it’s about bringing financial KPIs together with mission KPIs and other key metrics, with careful consideration of your role. This is where the value is added – by providing insights that are actionable, relevant, and easy to understand.
In case you missed it, you can catch the recording, access the slides, and obtain a transcript here: Data-Driven Board Reporting for Nonprofit : 2023 : Events : CLA (CliftonLarsonAllen) (claconnect.com).
Wherever you are on your digital journey, if you need help developing a roadmap, connecting disparate systems, or developing a dashboard to elevate the conversations within your board room, please do reach out. Our Nonprofit Digital team is here to help.
CLA Digital uses data, automation, and software to meet our clients where they are and help them make data driven decisions.
At CLA our people come to work each and every day with a clear-cut purpose: to create opportunities for our clients, our people, and our communities. As a member of our industry leadership team, I lead our nonprofit digital services. Our team of 800 nonprofit professionals serve over 10,000 nonprofits nationally through integrated wealth advisory, outsourcing, digital, audit, and tax services to help them succeed professionally and personally.
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