Blackbaud Impact Edge™ Will Allow Corporate
Social Impact Professionals to Use Quantitative and Qualitative
Data to Rapidly Articulate Their Impact to Their Organization's
Most Important Stakeholders
CHARLESTON, S.C., Oct. 3, 2023
/PRNewswire/ -- Blackbaud (NASDAQ: BLKB), the leading provider
of software for powering social impact, today announced the
development of Impact Edge™, a new AI-powered, social impact
reporting and storytelling solution for corporate social
responsibility (CSR) and social impact teams of all sizes. A
first-of-its-kind technology solution that leverages responsible
generative AI, Impact Edge will empower corporate impact
professionals to easily create a compelling picture of their
organization's social impact using data captured safely and
securely from their employee engagement programs, philanthropic
programs, educational initiatives, and other trusted external data
sources.
More than 70% of leaders who manage social impact initiatives
find it challenging to collect, create, and provide data across the
range of social impact-related activities, according to
independent, anonymous market research conducted in 2022.
Additionally, a strong majority said they currently rely on
disjointed spreadsheets, email, text documents, and myriad other
reports to manage their impact reporting process.
"Social impact is a business imperative for companies of every
type and size, and the professionals working in this space need a
comprehensive, innovative, and easy way to leverage all of their
data and identify insights to tell a powerful story of the work
they are doing in support of the communities they serve," said
Tom Davidson, executive vice
president, Blackbaud Corporate Impact Solutions. "Impact
Edge will bolster resource-constrained corporate impact teams.
Leaders will feel the exponential scale it provides as it takes on
the numerous and varied data requests they field each day from
stakeholders across their organization."
Impact Edge is the first product to combine the power of
YourCause® from Blackbaud® and
EVERFI® from Blackbaud® within a single tool.
It consolidates all the impact data gathered from trusted
sources—both internally and externally—into one centralized
location that is powerful, secure, and client-specific for
increased visibility, collaboration, sharing and impact
storytelling. Further, by incorporating responsible data governance
and trustworthy cutting-edge AI technology into Impact Edge,
corporate social impact professionals will be able to easily align
impact to their stakeholders' expectations and a wide range of
standards.
Development of the innovative Impact Edge is currently
underway with a select cohort of Blackbaud customers who are
providing regular feedback and insights. The powerful solution will
provide transparent data definitions, cite sources, and strong data
hygiene. Beyond reporting impact, companies can track goals
and historical program performance as well as leverage data to help
future strategies.
Blackbaud customers will be able to view and engage with a
prototype of Impact Edge at EVERFI Impact Summit Oct. 4-6 in Miami and at bbcon 2023 Oct. 22-24 in
Denver.
With the acquisition of YourCause in 2019 and EVERFI in 2021,
Blackbaud has doubled down on its focus of empowering purpose-led
brands and organizations to achieve their business goals and drive
meaningful social impact in their communities through education and
employee engagement. With the market's most comprehensive portfolio
of employee engagement and grant-making software and world-class
educational content for K-12 schools, organizations of all sizes
work with Blackbaud to engage their employees and connect with
their communities in meaningful ways.
The development of Impact Edge follows Blackbaud's
earlier announcement of a major new wave of its Intelligence
for Good® strategy, with a commitment to creating AI for social
impact teams that is accessible, powerful, and responsible.
About Blackbaud
Blackbaud (NASDAQ: BLKB) is the
leading software provider exclusively dedicated to powering social
impact. Serving the nonprofit and education sectors, companies
committed to social responsibility and individual change makers,
Blackbaud's essential software is built to accelerate impact in
fundraising, nonprofit financial management, digital giving,
grantmaking, corporate social responsibility and education
management. With millions of users and over $100 billion raised, granted or managed through
Blackbaud platforms every year, Blackbaud's solutions are
unleashing the potential of the people and organizations who change
the world. Blackbaud has been named to Newsweek's list of America's
Most Responsible Companies, Quartz's list of Best Companies for
Remote Workers, and Forbes' list of America's Best Employers. A
remote-first company, Blackbaud has operations in the United States, Australia, Canada, Costa
Rica and the United
Kingdom, supporting users in 100+ countries. Learn more
at www.blackbaud.com or follow us on X/Twitter, LinkedIn,
Instagram and Facebook.
Media Inquiries
media@blackbaud.com
Blackbaud Forward-Looking Statements
Except for
historical information, all of the statements, expectations, and
assumptions contained in this news release are forward-looking
statements that involve a number of risks and uncertainties,
including statements regarding expected benefits of products and
product features. Although Blackbaud attempts to be accurate in
making these forward-looking statements, it is possible that future
circumstances might differ from the assumptions on which such
statements are based. In addition, other important factors that
could cause results to differ materially include the following:
general economic risks; uncertainty regarding increased business
and renewals from existing customers; continued success in sales
growth; management of integration of acquired companies and other
risks associated with acquisitions; risks associated with
successful implementation of multiple integrated software products;
the ability to attract and retain key personnel; risks associated
with management of growth; lengthy sales and implementation cycles,
particularly in larger organization; technological changes that
make our products and services less competitive; and the other risk
factors set forth from time to time in the SEC filings for
Blackbaud, copies of which are available free of charge at the
SEC's website at www.sec.gov or upon request from Blackbaud's
investor relations department. All Blackbaud product names
appearing herein are trademarks or registered trademarks of
Blackbaud, Inc.
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SOURCE Blackbaud