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Webinar: Developing Effective Dashboards & Key Performance Indicators
December 27, 2017 @ 10:30 am - 12:00 pm
Nonprofits are complex organizations that are built around mission and outcomes, which must be supported by the right revenue and expense models. Dashboards are one way to simply communicate and give an overview of the organization by using a graphical summary of important information. It is an easy way for decision-makers to see where and whether the organization is on the planned financial path, and additionally can be used with funders and stakeholders to transparently show progress towards desired goals.
But a dashboard without metrics is useless to the organization, it is important to develop the associated metrics and constantly review to ensure you are measuring success for the organization.
A properly designed dashboard allows a nonprofit to monitor its effectiveness as evidenced by the financial health along with the impact of the programs and services provided. Board and staff should develop strategy and goals to create dashboards with focused conversation and collaboration.
When you select the dashboard elements, you should understand the data you will track and how that data will influence decision making. Questions to ask include: Are the metrics for the organization or particular function? Is the tool for the board, staff, or funders?
Join Abila business partner, Financial Technologies & Management in this webinar; designed to help help Executive Directors, Finance Directors, and finance staff develop an effective dashboard and key performance indicators. Savvy nonprofit leaders know that effective dashboards and key performance indicator development can be the difference between good and great performance. Immediately following the presentation on benefits of outsourcing nonprofit accounting, FT&M will host a discussion on MIP advance, graph, and chart refresher.
Presenter: Jim Simpson, President, Financial Technologies & Management