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What is advanced dashboard functionality?
How can my data be integrated into Equity Quotient?
What is tailored data collection?
Many organizations lack the necessary data in their internal systems to effectively achieve compliance and growth use cases. They also need to bring together data across an ecosystem of organizations to build a collective view of socioeconomic Key Performance Indicators (KPIs). Equity Quotient provides tailored data collection to help organizations collect the data they need.
For example, an impact investment fund might work with a portfolio of companies to drive socioeconomic growth in a given region. Similarly, a healthcare ecosystem might need to publish a Community Health Needs Assessment (CHNA) together to meet IRS 501(r)(3) requirements for non-profit hospitals. Finally, a company may have a supplier diversity program, but without data from its procurement portfolio, it cannot understand its current state of diversity, establish goals, and track progress over time.
What are "AI-powered Assessments"
To achieve social or impact-related goals, it is essential to use big data platforms and advanced analytics to compare a company or group of companies with their peers or the communities where they operate. This requires cutting-edge technology, including AI.
Equity Quotient provides AI-powered assessments to help organizations understand their stakeholders, such as their workforce, suppliers, and customers, in the context of their communities. These assessments use big regression models to measure Demographic Alignment, or how closely an organization’s stakeholders match the surrounding population in a given region.
How does automated compliance reporting work?
As compliance mandates have become more prevalent among both regulatory and market-driven organizations, companies have looked for ways to automate what has traditionally been a manual, ad-hoc approach that is performed in a disconnected manner across different functions throughout the business.
Equity Quotient’s automated compliance reporting solution aims to streamline and automate these disparate, manual, and ad-hoc efforts into a single system. This system can align teams around one version of dynamically available data over time.
Moreover, Equity Quotient’s Enterprise-level customers can collaborate with the Equity Quotient team to create custom reports. These reports enable companies to save time and money by making it easy to access data and export required reports with the push of a button whenever they are needed.
How does goal setting and tracking work?
Equity Quotient Enterprise customers can incorporate goal setting into their private account environments. This capability allows leaders to set goals based on insights gained from the combination of their company stakeholder data and the socioeconomic data profiling the communities where they operate. Once established, organizations can dynamically track their progress towards these goals as internal and external circumstances change.
For example, a company may use this feature to monitor their supplier diversity program and aim to increase the percentage of procurement budget dedicated to diverse businesses from 5% to 10% over a 3-year timeframe. Alternatively, they may use it to align their pay equity with regional averages or diversify their workforce to better reflect the surrounding population.