Versaic Launches Impact Reporting Module

Versaic Launches Impact Reporting Module

Provides Clients with Insight into True Philanthropic Reach
Tuesday, November 26, 2013 - 8:00am

CAMPAIGN: Getting to Impact

CONTENT: Press Release

San Mateo, CA, November 26, 2013 /3BL Media/ – Versaic introduced a new Impact Reporting module to help clients interested in understanding the social impact of their giving programs.  Oakley, Frontier Airlines, Family Dollar and Safeway are among the clients who have adopted Impact Reporting and are enthusiastic about its ability to quantify the reach of their philanthropic investments.

Oakley has an active giving program that includes product donations and charitable events.  The company has committed to issuing its first CSR report in 2014 and Versaic’s Impact Reporting will be critical to helping the company collect data for the report.  Jennifer Walker, Community Relations Manager for Oakley, said, “We communicate our impact in two ways – through data and stories.  The data quantifies our impact and the stories help us understand the human and social value of our investments.  Both are essential and Versaic’s Impact Reporting delivers on both fronts.”  

Many companies consider reporting on impact a must-have component of a comprehensive giving program.  Versaic’s Impact Reporting enables clients to track the impact of their donations by automatically requesting follow up information from approved non-profits after the contribution is made or the event is held.  Impact Reporting requires no additional work from clients; all data collection and reporting is done automatically. Many clients are implementing Impact Reporting now in order to gather a full year of impact data in 2014.

Burt Cummings, CEO of Versaic, said, “Our clients know their contributions make a difference but until now, it was hard to quantify the ultimate impact of a grant or donation.  Our system makes it effortless for our clients to collect information at just the right time to better understand their programs’ impact.  Impact Reporting facilitates the ‘aha moment’, helping clients get beyond the raw numbers and understand their true philanthropic footprint.”

About Versaic

Versaic is the leading provider of online Corporate Social Responsibility and Sustainability program management solutions.  Versaic combines proven best practices with innovative technology developed specifically to provide companies of any size with customized solutions at an affordable price.  Whether it’s grant management, corporate philanthropy, sponsorship management or sustainability programs, Versaic solutions streamline processes, improve CSR impact and ROI and enhance social engagement with client brands.

Elaine Cummings