Impact Measurement

The Corporate Giving Software Use Case

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The Use Case for Corporate Giving Software
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Corporate Giving Case Study

In our socially aware business world, corporate philanthropy is no longer a “nice to have.” It’s a strategic necessity. Philanthropic companies are leading impact, increasing employee interest, and bulwarking reputations with customers and communities alike.

But large-scale corporate social responsibility (CSR) programs, from match gift programs to sophisticated corporate foundation grants, have operational challenges attached. Laborious manual processes make everything go at a snail pace. Dumbbell systems create reporting migraines. And large-scale donation management? Without proper tools, it'll bewilder even the more experienced CSR teams.

That's where corporate giving software steps in. It gives you the infrastructure you need to initiate, manage, and evaluate the effectiveness of your corporate philanthropy programs with clarity and efficiency. This blog describes what corporate giving software is, who uses it, how it fits within your overall grantmaking stack, and how such platforms enable successful flowering of modern foundations.

What Software for Corporate Giving Is and How It Functions

Corporate giving programs are online solutions for companies and their related foundations for tracking all areas of corporate philanthropy. Volunteer programs, matching gift donations, sponsorship, and community grant programs, it provides a centralized, scalable platform for organizing and optimizing giving programs.

It generally operates on:

  • Consolidating employee giving and Grantmaking activities into a single interface for easier tracking and engagement.
  • Automating routine processes, such as approving employee match requests or checking on community grant proposals.
  • Giving report, impact dashboards for leadership, staff, and stakeholders.
  • Merging with HR systems, payroll, for easy donation matching, tracking volunteer hours, and determining benefit eligibility.

For businesses that have both internal, employee-centered, and external, foundation-centered, giving, corporate giving software allows for critical sight and alignment.

Who Uses It?

Corporate giving software is employed across a wide variety of teams and departments within a company organization. With the extent of social impact programs further growing, increasing numbers of actors are participating in managing, tracking, and optimizing corporate giving. This kind of software provides interdepartmental bridging, enabling unification of internal and externals giving strategies across a single platform.

It is most commonly used by:

  • CSR and ESG teams overseeing employee engagement, business, and enterprise social impact
  • Institutional foundations managing outside nonprofit grants or organizational sponsorship
  • HR and employee benefit administrators for employee volunteer programs and match giving programs
  • Executive leadership looking for information on ROI and brand effects of business society investments
  • Finance and compliance groups seeing that tax-advantaged giving and legal reporting is conducted in order

Whether you're a Fortune 500 corporation with a traditional foundation or a mid-market business embarking on its inaugural CSR effort, corporate giving software makes the operational horsepower for responsibly managing philanthropic investments.

How It Differs from Grant Management Software

Although both programs endorse charitable giving, corporate giving programs and grant management programs have a difference in scope and purpose.

Dimension

Corporate Giving Software

Grant Management Software

Primary Use Case

Giving employee, donation match, volunteering activity

Grant lifecycle management, fund release, compliance

Marketing Strategy

CSR units, HR, staff, corporate charities

Boards, nonprofit funders, chief financial and compliance officers

Data Recorded

Volunteer hours, dollar-for-dollar donation matches, employee activism

Grant proposals, winning data, impact measurements

Workflow Focus

Internal giving and community relations

External giving and grant reporting

Simply put, corporate giving programs are created for internal advocacy, whereas grant management programs are created for tracking, funding, and reportage on institution-based grants.

Is It Connected with Grant Management Software?

Yes. Most company Foundations employ both formulas side by side.

When a corporation’s charity extends into community grantmaking, sponsoring, or nonprofit grants, a grant management system is needed. That’s when integration steps in.

For instance, a business foundation could employ business giving software for managing employee volunteering and donation matching. The same business foundation could make use of a grant management system such as Fluxx for managing nonprofit requests, paneling a grant proposal, and tracking results.

As a whole, the systems create a unified ecosystem that monitors employee-initiated and institution-initiated giving with complete transparency.

With both technologies available, corporate foundations are better equipped to produce more robust results, forge more strategic partnerships, and prove a clear ROI on their investments in communities.

An Example Use Case

Take a retail corporation with a retail chain of 300 locations introducing a new CSR program. Volunteer hours should be tracked by employees at all locations, with donation match requests submitted centrally. Meanwhile, the corporation collaborates with several local charities on grant-based funding of projects for education, food security, and other causes. The CSR team should monitor the level of engagement, match rates, community impact, and compliance report, all from a centralized location.

Corporate donation programs manage the employee side of the program. They manage tracking hours, the donation match, recognition, and engagement. While grant management programs facilitate the nonprofit partnership side of the program, tracking applications, disbursements, gathering reports, and connecting results to company objectives.

Through the combination of both systems, the company comes to know how its charity work is contributing towards communities and also the information with which it can share that worth with its stakeholders and leaders.

How Fluxx Benefits Foundations

Fluxx is a crucial player in business giving ecosystems, not for donation matching but as the strategic brain behind business grant giving.

Corporate foundations are using Fluxx for:

  • Simplify community grantmaking processes, from application receipt to report back
  • Automate compliance processes and fund transparency protection
  • Develop leadership custom dashboards for visibility into impact metrics
  • Work with CSR or HR tools to correspond grantmaking information with employee engagement
  • Incorporate with financial systems for easy disbursement and auditing

Fluxx gives corporate foundations the power to operate institutional giving at least at the same level of rigor and efficiency they demand from the other aspects of their business enterprise.

Whether you have 50 or 5,000 nonprofits on your list, Fluxx adds structure, simplicity, and scalability to your company giving program.

Power Your CSR With Purpose-Built Software

Corporate charity is more than good PR. It’s a strategic outlet for community investment, employee gratification, and brand loyalty. As your company’s charity, however, enlarges, so does the complexity behind it.

Corporate giving software facilitates you for sustaining that growth. And when combined with grant management solutions such as Fluxx, it makes for a strong ecosystem sustaining both internal and external impact.

Ready to make your giving programs a part of your overall mission? Book a demo with Fluxx and learn how our platform helps corporate foundations make their giving programs effective, transparent, and mission-driven giving programs.

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