Blackbaud & Microsoft Team Up on Product Innovations for Nonprofits

Core Insights - Blackbaud, Inc. has partnered with Microsoft to integrate AI and analytics into its software, aimed at enhancing operational efficiency for social impact organizations [1] - The collaboration will improve Blackbaud's donor management solutions and financial management tools, providing better data clarity and automation [2][3] - Blackbaud's recent AI innovations are expected to drive revenue growth by optimizing fundraising strategies, with the social sector contributing 88% of total revenues [8] Group 1: Product Innovations - Blackbaud's donor management solutions, including Blackbaud CRM and Raiser's Edge NXT, will utilize a comprehensive fundraising data model to enhance donor engagement and overall funds raised [2] - The integration of Microsoft Azure AI Document Intelligence will automate invoice and receipt scanning within Blackbaud Financial Edge NXT, streamlining the payables process [3] - The introduction of AI-powered features in Blackbaud Grantmaking simplifies the grantmaking process, including a dynamic form builder that supports over 25 languages [5] Group 2: Market Position and Performance - Blackbaud's software is designed to support various social impact areas, including fundraising, financial management, and education management [7] - The company reported an 8.5% year-over-year revenue growth in the second quarter, with the social sector being the primary revenue source [8] - Blackbaud's stock has gained 15% over the past year, compared to a 29.2% growth in its sub-industry [9]