Our friends at Sage Intacct have released a new whitepaper called “Outcome Metrics: Measuring What Matters in the Nonprofit World” and we are happy to share it with you. Below is a sneak peek; you can click HERE to get the complete whitepaper
“Amid increasing demand for transparency and accountability, today’s nonprofits are seeking ways to both produce and to demonstrate successful outcomes. Heightened expectations and heightened scrutiny come from several sources—including ever more-engaged funders looking for financial management techniques and principles employed by for-profit businesses.
To meet this demand, nonprofit organizations are embracing outcome metrics to measure and report their performance. Outcome metrics not only show funders and constituents how the organization is performing; they also help pave the way for sustainable growth and greater efficiency. This white paper describes how nonprofits can effectively leverage outcome metrics to boost their success.
The importance of outcome measures can be seen from a variety of perspectives and functions within the nonprofit organization.
• Funding—In a competitive environment, the ability to define, measure, monitor, and report the metrics that define success can encourage new and additional funding from donors, foundations, and other benefactors. For instance, demonstrating achievement of key milestones can unlock multi-year grants.
• Accountability—Funders are increasingly tying their support to stringent accountability. They want to see where their monies are going and the results that are achieved–whether it’s organizational growth and new locations or more nonprofit partnerships and matching funds. Nonprofits must provide exceptional transparency into the organization’s outcome metrics, controls, and reporting.
• Stewardship—From development and accounting to operations and programming, the ability to define, track, and report outcome measures–showing where you are and where you want to go—will help ensure good stewardship. This, in turn, will boost donor confidence and strengthen your credibility—which supports your growth and your ability to pursue your mission.”
(excerpt from the whitepaper)