We understand how hard it can be when trying to decide which fundraising technology to use, so to make it easier we’ve created a free 'Fundraising Technology Scoring Matrix' for you to use to help you decide what technology is best suited to your organisation’s needs.
Click here to download the free Emma Matrix
What is a tender scoring matrix?
A tender scoring matrix is a tool that can be used to evaluate and compare companies or organisations you are considering working with in a fair and impartial way.
The specific criteria used in a tender scoring matrix can vary depending on the nature of the organisation and the requirements of the company.
However, some common criteria that may be included in a tender scoring matrix are:
· Price: The cost of the goods or service being offered and the potential return on investment.
· Quality and reliability: The overall quality of the goods or services.
· Experience and references: The company/organisations' experience and feedback can help provide insight into the goods or services.
· Service and support: The service provided by the company/organisation before, during, and after.
· Compliance: The company/organisation's compliance with relevant laws, regulations, and industry standards.
Once you have decided on the criteria that work best for you, you then assign each criteria a weighting that reflects its importance in the overall evaluation process. The weights are typically expressed as a percentage and they should add up to 100%to ensure a fair and balanced evaluation.
Finally, each company/organisation is evaluated and scored based on how well it meets each of your chosen criteria using a predetermined scoring system. The scores for each criteria are then multiplied by their respective weights to calculate an overall score. The company/organisation with the highest overall score is the company/organisation best suited for you.
What are the benefits of using a scoring matrix to help you work out which fundraising technology is right for your organisation?
Using a scoring matrix when deciding which fundraising technology to use can help provide a structured and objective approach to the decision-making process. By using a set of criteria and assigning scores to each option based on how well they meet those criteria, an organisation will be able to make a more informed decision about which fundraising technology to choose.
Some of the benefits of using a scoring matrix for choosing your fundraising technology are:
· Objective evaluation: using a scoring matrix helps to provide an objective evaluation of all your potential fundraising technology options. This can help to remove any biases or subjective preferences during the decision-making process.
· Clear criteria: When using a scoring matrix there is a clear criterion, this helps to ensure that all important factors are considered and that the organisation is selecting the best technology that best meets all its needs.
· Prioritisation: A scoring matrix allows an organisation to prioritise the importance of different criteria. For example,if cost is a major concern you can assign this criterion a higher weight(percentage) while assigning a lower weight to other criteria that are less important.
· Comparison of options: A scoring matrix allows an organisation to compare different fundraising technologies side by side based on how well they meet their criteria. This can help to visualise the difference between options and make it easier to choose the best option.
· Consensus building: By involving multiple people in the development of the scoring matrix and the evaluation of different fundraising technology options you can build a consensus around the decision and ensure everyone is on board with the chosen result.
Taking all this into consideration, using a scoring matrix when selecting a fundraising technology can help an organisation make a more informed, objective, and consensus driven decision. It ensures that all the important factors are considered and helps to prioritise the criteria that matter most.
We hope you find the matrix and information above useful for your next event and fundraising technology selection.
About the author
