May 11, 2021 | NEWS RELEASES
Summerville, SC – South Carolina Research Authority (SCRA) announces its affiliate, SC Launch, Inc.’s, investment of $200,000 in Reporting Xpress, Inc. The Columbia-based startup is an online reporting solution for nonprofits and their end-users.
Reporting Xpress became an SCRA Member Company in 2019, successfully progressed through the SC Launch program, and received an Acceleration Grant. They became an SC Launch, Inc. Portfolio Company when they received this investment.
Reporting Xpress is the solution for nonprofits looking for an automated reporting solution that frees their valuable time to spend on more strategic efforts. Their cloud-based platform integrates with Blackbaud’s Financial Edge NXT and Raiser’s Edge NXT. Some of its features include advanced security, the ability to combine data from multiple systems into a single report, maximum report design flexibility, text or email alerts, and the ability to generate custom reports in any format, Excel, .CSV, PDF, HTML, etc.
“Companies that use technology to solve problems or improve processes are the ones in which we want to invest. Reporting Xpress developed a cloud-based solution that helps their customers have easier access to information that is typically buried in complex financial and enterprise reporting systems,” said Lee MacIlwinen, SCRA Investment Manager.
“SCRA continues to be a supportive partner in our business. We’ve honed our product and are proud of what we’ve developed. Having SCRA’s support and a solution that our customers need is why we are on track for even more growth. Our product was designed by CPAs with many years of experience in nonprofit accounting and management, which provides a unique perspective. We know exactly what our customers need and how they need it,” said Joel Weinbach, Reporting Xpress Co-Founder and CEO.
“We’re excited to be on this journey with Reporting Xpress. We continue to be impressed by their capabilities and look forward to their continued growth,” said Bob Quinn, SCRA Executive Director. “Their platform turns data into easily accessible and digestible reports. They are on track to be a leader in reporting automation.”
Reporting Xpress is a Blackbaud Cloud Technology Partner and was recently also named a Tableau Technology Partner. Tableau is a global business intelligence software company. Learn more about Reporting Xpress.
About SC Launch Inc.
Established in 2006, SC Launch, Inc., is an independent, nonprofit corporation affiliated with SCRA, which provides loans and investments to selected South Carolina-based companies participating in the SC Launch program.
Chartered in 1983 by the State of South Carolina as a public, nonprofit corporation, South Carolina Research Authority (SCRA) fuels South Carolina’s innovation economy through the impact of its four programs. SC Academic Innovations provides funding and support to advance translational research and accelerate the growth of university-based startups. SC Facilities offers high-quality laboratory and administrative workspaces for technology-based startups and academic institutions. SC Industry Solutions facilitates and funds partnerships between and among startups, industry, and academia. SC Launch mentors and funds technology-based startups that may also receive investments from SCRA’s investment affiliate, SC Launch, Inc.
Director of Marketing and Communications, SCRA
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