…, equity and inclusion measurement to the next level
Australian fintech Financy has partnered with the University of South Australia’s Centre for Workplace Excellence (CWeX) to develop Impacter—a new tech solution that helps organisations manage and prioritise performance on diversity, equity and inclusion.
Financy launched a pilot of Impacter on 28 November and is working with 30 small, medium, and large organisations over the coming months to test the new technology and gather feedback.
Impacter is all about helping organisations with their social impact, providing organisations with tools to measure, act on, and be accountable for, their DEI initiatives, while also supporting the business case for doing so.
It is the next step in Financy’s evolution as a fintech, building on the company’s high-profile delivery of women’s financial content and the quarterly gender equality scorecard and report, the Financy Women’s Index.
Financy CEO, Bianca Hartge-Hazelman, says the partnership with CWeX provides academic guidance and leading insights on DEI across Impacter.
“The Impacter software presents a significant opportunity for corporate Australia to manage, improve and report on their DEI credentials on an ongoing basis, and importantly, understand the business case for their actions,” Hartge-Hazelman says.
“This is a huge step forward for organisations and I’m delighted to have so many organisations, representing over 4000 employees, taking part in the current pilot and sharing their needs and wants with our team.
“Many business leaders, human resources and diversity managers, are spinning their wheels on DEI because they are working with inefficient and compliance-heavy systems that place a huge administrative burden on their workloads. As a result, many leaders struggle to see the value of DEI for company performance.”
Financy’s partnership with UniSA’s CWeX has been critical to the development of robust questions and scoring algorithms for Impacter, which in time will be used to inform national and global insights on best practice towards achieving an equality-effective company.
UniSA Research Professor in Human Resource Management, Professor Carol Kulik, says Financy is the ideal partner for CweX.
“CweX research has identified the management practices associated with greater gender equality, but change doesn’t happen overnight,” Professor Kulik says.
“Companies need a way to track their progress and measure the impact of their DEI activities. Without that accountability, companies can adopt the wrong practices, or give up on the right practices too soon.
“The Impacter tool reflects Financy and CweX’s shared commitment to gender equality—finally, organisations will be able to benchmark their progress toward gender equality and create a practical plan to accelerate change.”
To register an interest in the Financy Impacter, contact Financy via email at impacter@financy.com.au or submit your interest online https://financy.com.au/impacter/.
Support independent community journalism. Support The Indian Sun.
Follow The Indian Sun on Twitter | Instagram | Facebook
Australian fintech Financy has partnered wt University of South Australia’s Centre for Workplace Excellence to develop Impacter—a new tech solution that helps organisations manage & prioritise performance on #diversity, #equity & #inclusion. #TheIndianSunhttps://t.co/fQ4qC54Qip
— The Indian Sun (@The_Indian_Sun) December 6, 2022
Donate To The Indian Sun
Dear Reader,The Indian Sun is an independent organisation committed to community journalism. We have, through the years, been able to reach a wide audience especially with the growth of social media, where we also have a strong presence. With platforms such as YouTube videos, we have been able to engage in different forms of storytelling. However, the past few years, like many media organisations around the world, it has not been an easy path. We have a greater challenge. We believe community journalism is very important for a multicultural country like Australia. We’re not able to do everything, but we aim for some of the most interesting stories and journalism of quality. We call upon readers like you to support us and make any contribution. Do make a DONATION NOW so we can continue with the volume and quality journalism that we are able to practice.
Thank you for your support.
Best wishes,
Team The Indian Sun
