Dashboard

The ‘Dashboard’ feature in the Finance Management module of Retention CRM provides Associations, Chambers of Commerce and Nonprofit organizations a quick overview of their financial activity. It utilizes “dashlets” which are mini-reports that display key information, helps in effective finance management. Here’s a breakdown of the features and how an association can leverage them.

General Functionality of the ‘Dashboard’ Feature

• Payment Summary: This dashlet offers a visual representation (chart or table) of your Payments. You can choose the time frame (e.g., year-to-date, monthly) and how the data is presented (e.g., by contribution type, campaign).

Using the ‘Dashboard’ Feature in Association Management

Options Explained

• Name: Displays the donor’s name.
• Amount: Shows the donation amount.
• Type: Indicates if it’s a one-time or recurring donation.
• Contribution Source: Specifies how the donation was made (online, offline, event, etc.).
• Contribution Date: Shows the date the donation was received.
• Thank-you Sent: Indicates if a thank-you note was sent.
• Status Receipted: Shows if a receipt was issued for the donation.

Nursing Association Scenario

• The association can use Recent Contributions to identify their most recent donors and ensure thank-you notes are sent promptly. They can also check if receipts have been issued for each donation.
• Let’s say the nursing association runs an annual fundraising drive to support educational scholarships for nurses. They can use the Contribution Summary (chart layout) to visualize monthly donations throughout the year, helping them track progress towards their fundraising goal.
• Recent Contributions: This dashlet lists the most recent donations, providing details like donor name, amount, type (one-time, recurring), source (online, offline), date, thank-you status, and receipt status.

Benefits

• Track Fundraising Progress: Monitor donation trends and identify areas for improvement.
• Improve Donor Relations: Ensure timely thank-you notes and receipts are sent.
• Identify Major Donors: Recognize and acknowledge significant contributions.
• Analyze Donation Sources: Understand which fundraising channels are most effective.

More Use Cases in Associations

Fundraising Revenue

A nursing association can use the dashboard in fundraising management to track their progress towards their annual fundraising goal. They can see how much money they have raised to date, how many members or donors have donated, and the average contribution amount. This information can be used to identify areas where they can improve their fundraising efforts.

Membership Revenue

A professional association can use the dashboard to track membership revenue. They can see how many members have paid their dues, and how much revenue they have generated from membership fees. This information can be used to budget for upcoming expenses.

Event Revenue

An association can use the dashboard to track revenue from event registrations. They can see how many people have registered for their event, and how much revenue they have generated from registration fees. This information can be used to assess the success of their event and to plan for future events.

By utilizing the Contributions Dashboard effectively, Associations, Chambers of Commerce and Nonprofit Organizations can gain valuable insights into their revenue, payments and inflow of the money from different sources, which can help in strengthening relationships with members, donors and other stakeholders, and ultimately help them in achieving their financial goals.