Recently Blackbaud Inc. (BLKB) introduced new and advanced features in The Blackbaud Index. In addition to this, the company also launched a whole new index specially designed for the healthcare and medical research organizations.
Blackbaud is a leading global provider of software and related services designed specifically for nonprofit organizations. The recent economic conditions, natural disasters, coupled with market fluctuations in the U.S. have made it extremely difficult for nonprofit organizations.
The Blackbaud Index provides insight into historical data to make fundraising decisions informed for the latest donor. Although there were already a number of indices and resources from other peer companies, a broad-based index that reported trends on a monthly basis enabled The Blackbaud Index to gain a competitive edge over others.
The index is updated every month through statistics from the databases of thousands of U.S.-based participating organizations using a variety of fundraising systems.
Using the new feature of Fundraising Benchmark Calculator, organizations will be able to chart their own results to get a more detailed analysis and providing a holistic view against the historical data for a better comparison with peers.
Two new specialty indices are also designed to focus on healthcare and medical research organizations. The health care index launched in 2011 has been split into two specialty indices. The Healthcare index will now track hospitals, nursing facilities and other psychiatric facilities and other healthcare centers, while medical research index will include medical education and advocacy organizations.
Blackbaud currently has Zacks Rank #3 (Hold). Other software solution providers with favorable Zacks Rank include Aspen Technology, Inc. (AZPN), Pegasystems Inc. (PEGA), SAP AG (SAP), each having Zacks Rank #1 (Strong Buy).
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