A system to measure the impact and effectiveness of charitable projects will be launched later this year.
The bespoke online monitoring system, called SmartScore, is designed to help development agencies, NGOs, corporate social responsibility programmes and charities to measure and improve their performance. It will show potential and existing donors and funders how effectively their money could be or is being spent.
Projects will be assessed and scored as they progress through a combination of field visits by the firm's monitors and online feedback from clients.
The cost of the service will vary according to how much assessment individual charities require.
Paul Schoen, a director at SmartScore, said the sector needed better impact measuring. "There are some systems in place that try to measure transparency, but they are not an adequate measure of performance," he said.
The firm is looking for organisations on which to test the system over the coming months.