Blackbaud enhances grant management platform with AI tools, reports revenue growth

From Nasdaq: 2024-07-19 09:30:00

Blackbaud introduces new features to its grants management platform, Blackbaud Grantmaking, making it easier for fundraisers and grantmakers to navigate the grant application process in one portal. Enhancements include an applicant-centric portal, AI-powered form builder, and multiple language translations. This move aligns with Blackbaud’s mission to be inclusive and accessible globally.

Blackbaud reports a 6.7% revenue growth, driven by recurring revenues and strategic execution. Recent transactions led to a revised full-year financial guidance, expecting non-GAAP revenues between $1.164 billion and $1.194 billion. Despite growth, challenges like a volatile economy and competition in the software space remain as headwinds for the company.

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Read more at Nasdaq: Blackbaud (BLKB) Boosts Grant Management With AI-Driven Tools