Social E-valuator supports organisations throughout the process of analysing and evaluating social impact. Social E-valuator offers training, on the job support and user-friendly online software to help its clients to embed social impact measurement in their organisation. The web-based tool is designed to measure and value social impact investments (donations, charity, subsidies, loans, grants, etc.) and what the organisation’s stakeholders consider valuable. Social E-valuator provides users with social measurements performance data to monitor and report impact.
Step 1 - Introduction
Your SROI report will be generated step-by-step. The term "initiative" will be used to refer to your "project" or "venture". You will be asked to summarize information regarding your initiative.
Step 2 - Theory of change
The theory of change defines what the social issue you are addressing is, how you plan to do that, what the urgency and scale of the issue is and your specific objectives.
Step 3 - Stakeholders
Stakeholders are key people, groups or organizations involved in or affected by the output of your initiative. Up to 8 different stakeholders can be entered into this step.
Step 4 - Input
Monetized resources needed for your initiative are inputs. These can consist of money, monetized time of people and monetized in kind donations (e.g. free rent).
Step 5 - Activity
Only stakeholders with an input, do something. This is called an activity. A stakeholder can have more than one activity.
Step 6 - Output
Output is a measurable unit of production created by each activity of a stakeholder. Output can be goods or services delivered. No input means no activities and thus no output.
Step 7 - Outcome & Impact
Outcome is the result of the initiative for a stakeholder, even if there is no input. Impact is the outcome minus what would have happened anyway. Attribution is the extent to which the impact is due to other activities.
Step 8 - Indicators
Indicators are measurable units that show whether a social impact has been realized and to what extent.
Step 9 - Valuing
Valuing is the process of converting indicators into money value. One may use comparable (cost) prices when known (e.g. cost of one year of social assistance), or infer value of more intangible goods (e.g. the value of having a job) through various valuation methods.
Step 10 - Making Projections
As with financial projections or budgets, a prediction is made of the expected size of the social impact. It is important that the prediction is underpinned and documented, which can be done by adding notes and explanations in the social e-valuator tool.