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Showing posts from November, 2016

Why process automation is the new black

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There’s a lot of talk about process automation - why? Process automation drives the success of every organization by ensuring the constant movement of workflow. It’s part of your everyday whether you realize it or not. Take your pay stub - the entire process of working out your salary, calculating tax deductions, adding benefits and direct debiting your pay into your account - is process automation hard at work. So why is the granting sector still relying on Post-it notes and spreadsheets to track funding calls and payment schedules? First, let's back up and explain what we mean by 'business process’. Every organization is driven by processes - even grantmaking. You may not use the term ‘process’, but look close enough and you’ll find a set of processes in everything you do - just think of how you manage grant applications. The question is - are your processes automated - and should they be?    Why should grantmakers care? Repetitive, manual tasks aren’t fun. They’re time consumi…

5 critical first steps to creating better granting outcomes

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How do you know you’ve been making a difference with your granting initiatives? That’s what every grantmaker is asking or being asked by their donors, funders and boards. While it’s important to know what you’ve accomplished, it’s even more important to have a solid understanding of how to gather, organize, analyze and share data, in order to ensure your granting activities achieve impactful, measurable results; this is where predictive analytics comes into play.
Predictive analytics uses your data to paint a picture of what is likely to happen in the future. This gives you the insight to make better, more informed decisions; increasing your ability to create positive change. Large corporations, retail chains, marketing companies and even sports franchises have been using this process to successfully forecast outcomes for decades, and it can be an invaluable tool for grantmakers.
Any successful predictive analytics program starts with 5 key steps:
1. Develop a Business Understanding. I…