Phoenix Impact Exchange Prototype Unveiled
PCG launches game-changing data platform to lead new solution economy.
ERIE, Pa. (@ SXSW 2014) – Promising a solution to the Achilles heel of nonprofits and the age-old conundrum for philanthropists and funders, Phoenix Impact Exchange, a division of Phoenix Cosmopolitan Group (PCG), unveiled a prototype of its proprietary data platform at SXSW 2014. Designed to provide access, transparency and aggregated intelligence for the players who are trying to solve some of society’s biggest problems, the platform is scheduled to go into beta by Spring 2014 and fully functional by end of year.
“Phoenix Cosmopolitan Group is a leader in the growing new solution economy,” said CEO Tamarah Black. “Impact Exchange is a game-changer for every stakeholder in the philanthropic industry – giving nonprofits the ability to satisfy the ever-increasing data demands of funders and providing the performance reports funders are looking for but rarely get.”
When Impact Exchange goes fully live later this year, it will serve as an online community that reimagines the logistics of philanthropy by uniting data, analytics, performance measurement, grant management and storytelling on a cloud-based social network platform to connect every stakeholder in the nonprofit sector. Nonprofits will provide Impact Exchange with data about their organization, using gamified technology, so they can finally reap rewards parallel to the data and effort they provide. Funders – foundations, philanthropists, institutions – receive access to the cloud data platform and nonprofit intelligence dashboard to access the information, create reports, get matched up with nonprofits that align with their funding initiatives, and make grants to the organizations in a few quick clicks.
As a result, nonprofits get to tell their story to an interested audience, build new relation-ships with funders, raise more money, confirm their impact, cultivate volunteers, reduce administration fatigue and become “investment ready.” Funders are able to receive secure direct, immediate exposure to the results of grants and investments, monitor and evaluate grants, manage a strategic portfolio, measure portfolio performance against third-party sector benchmarks, obtain sector insights, trends and reports and obtain criteria based “opportunity “alerts for joint ventures and projects. In addition, constituents and volunteers get to provide feedback, suggest ideas, share their experiences, connect with others, see what’s needed and get matched with nonprofits based on their interests and skills.
“Impact Exchange uses existing technology and reimagines it’s application to address the barriers to accelerating progress particular to the philanthropic sector,” said Black. “We aren’t re-creating the wheel, it’s more like swapping a horse and buggy for a Porsche. They’ll both get you there but why wouldn’t you want to go faster?”
ABOUT PHOENIX COSMOPOLITAN GROUP:
Founded in 2011, Phoenix Cosmopolitan Group (PCG) is a triple bottom line shared value social enterprise with the mission of increasing and accelerating impact of every stakeholder in the philanthropic sector. PCG is comprised of four divisions: Phoenix Impact Exchange reimagines the logistics of philanthropy by uniting data, analytics, performance measurement, grant management and storytelling on a social network cloud based platform to connect every stakeholder in the nonprofit sector; Phoenix Impact Advisors provides a spectrum of services that capture, manage, and transform big data into actionable insights for decision-makers; Phoenix Impact Media, which provides video capture, distribution and engagement services that help organizations communicate and educate more effectively; and Phoenix Impact Analytics (2015) will monitor progress and identify opportunities for policymakers, funders, nonprofits and social entrepreneurs to create more effective solutions. PCG is located at 1001 State Street, Suite 907, Erie, PA 16501. Further information may be gleaned from the company website: www.PCGImpact.com.
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