Sinzer has developed the Strategic Impact Framework which is designed to be easy to use and flexible in structure. The Strategic Impact Framework allows you to create your own building blocks representing your strategic impact pillars. Once you have created your building blocks, it is possible to develop a template in which you can pre-set metrics to measure the impact performance related to each strategic pillar. Important note: this framework doesn’t value impact in a currency.
Once the template is published, it can be used for each investments, project and/or activity. With minimal effort, users can enter targets and actuals and manage the performance in a dashboard. Furthermore, surveys can be created to collect data, which later on can easily be exported to Word and Excel.
Social Return on Investment (SROI) is an approach to understand and manage the value of social, economic and environmental outcomes created by an activity or an organization. It is based on a set of principles that are applied within a framework. SROI seeks to include the values of people that are often excluded from markets in the same terms as used in markets, that is money, in order to give people a voice in resource allocation decisions. SROI is a framework to structure thinking and understanding. It’s a story not a number. The story should show how you understand the value created, manage it and can prove it.
Impact investors can measure (standardized) indicators for input, output and outcomes. Their custom Strategic Impact Framework allows them to structure, monitor and report their impact of their investees. Example customers for this application are impact investors Noaber Foundation and Aglaia Biomedical Ventures that have developed their own framework and are measuring their results using Sinzer.
Charities that offer services to a community can monitor the impact they are creating on a specific target audience by measuring the before- and after scores of a set of metrics. These metrics can be based on standardized questionnaires or indicators such as those published by the Global Value Exchange or on metrics that are specific to the impact goals of the charity. An example of this is the use of Sinzer as an ‘Impact and Data Management Tool’ for Aleron (a social impact consultancy firm) who are setting up this tool for a UK charity via the Impact Readiness Program.
Foundations that offer grants to many different projects can have individual projects measure the impact they are creating. The foundation can evaluate if the impact goals of the projects are aligned with the foundation’s goals and can give guidance to projects to improve their impact. An example customer is the Dutch VSB foundation.
Each of these users require a specific set of features. The choice of these features and community settings is made to suit the specific needs of the customer.
Use databases filled with popular and approved impact data. Sinzer has a formal Data Partnership with the Global Value Exchange that contains over 1800 outcomes with related indicators and valuations. This speeds up the process of determining what impact you want to measure and answer questions such as: What outcomes are relevant and which indicators can you use to understand what changes? What have other organisations used in their impact measurement?
The Global Value Exchange uses several data sources to extract outcomes, indicators and valuations from. Read more about how you can use the below data sources on the Sinzer platform
It’s also possible to create your own personalised database on the Sinzer platform.