Posts Tagged ‘Nonprofit’
5 notable cases of failure to exercise donor due diligence
The importance of due diligence cannot be overstated. It’s not only a foundational part of every organisation’s counterparty engagement across all sectors, but the backbone for industries that rely on maintaining a positive public image.
Read MoreFundraising Due Diligence Procedures
Fundraising has seen a mass upheaval in recent years due to changes brought on by the pandemic, which has made it harder to build relationships in person. 49% of charities surveyed in 2021 lost fundraising income and many remain uncertain even as things returned to “normal.”
Read More5 reasons automated due diligence is the future
Modern technology has transformed how we work across practically every sector. Tech advancements have boosted productivity, enhanced working practices, and opened up new opportunities. The capabilities that automation offers in terms of efficiency and optimisation are now vital to any organisation’s survival, as well as growth.
Read MoreDue diligence and risk management: Bridging the divide
Not only do charities need to raise the funds they need to fulfill their mission, they also need to ensure those donations do not damage their reputation. Due diligence is a time consuming yet vital task charities take to mitigate risk.
Read MoreThe true impact of AI on due diligence
As with many aspects of life, organisations are no longer questioning the use of AI in due diligence but rather how to use it effectively. AI helps researchers and analysts do more. By automating repetitive tasks, individuals can spend more time on higher-value, interesting work.
Read MoreHow to Prevent Reputational Risk
Reputational risk comes from the fact that information travels faster than ever and once it’s out there, it lasts. Studies show that negative tweets from news organisations are statistically more likely to be shared than positive ones, regardless of even the political affiliation of the news organisation. Unfortunately, a negative story is always going to stick.
Read MoreCauses of reputational risk: The rise of university and nonprofit scandals
In recent years, universities and non-profit organisations have faced reputational damage after accepting donations from donors with questionable moral character. This has resulted in a decline in the number of people willing to donate.
Read MoreWhy Adverse Media Screening is vital for donor due diligence
When Adverse Media Screening is powered by AI, it’s easier to avoid risk, protect your reputation, and boost fundraising.
Read MoreProspect research tools: making the case for automation in universities
It is more important than ever that colleges know exactly who prospects are, as soon as possible, so they can focus their fundraising efforts on the right prospects. But with the vast amount of information on the internet, it takes teams of researchers days to manually trawl through search results in order to learn about potential donors and assess their suitability.
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