Name: Novata
Author: Novata

Call Center Workforce Optimization

Help Desk

Web and Video Conferencing

Customer Support

Functional Testing

Kubernetes Monitoring

Development

Business Intelligence (BI)

Collaboration

Enterprise Content Management

Integrated Workplace Management (IWMS)

PDF Editors

Privacy Policy Generators

Enterprise

Accounting

Accounts Payable

Finance and Accounting

Applicant Tracking

Corporate Learning Management

HR Management

Payroll

Stock Option Plan Administration

Talent Intelligence

Talent Management

Vendor Management Systems (VMS)

Workforce Analytics

Workforce Management

Human Resources

3D Printing

Cloud Storage

Complex Event Processing

Composable Infrastructure

Data Collaboration

Deception Technology

Fraud Detection

Integration Platform as a Service (iPaaS)

Internet Performance Monitoring

LAN Switches

Network Performance Monitoring

Remote Desktop

Robotic Process Automation (RPA)

SaaS Backup

Service Desk Outsourcing

Software Asset Management

Storage Management

Telecom Expense Management (TEM)

User Virtualization

Vector Databases

Web Scraping

Zero Trust Security Solutions

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Content Management

Customer Advocacy

Digital Content Creation

Email Deliverability

Email Marketing

Employee Advocacy

Headless CMS

Marketing Automation

Referral Marketing

Social Media Management

Survey & Forms Building

Web Analytics

Marketing

Project Management

Professional Services

Customer Relationship Management (CRM)

Field Sales Software

Government Contracting

Social Commerce

Sales

Secure Access Service Edge (SASE)

Security

Awards Management

Card Management

Dealer Management

Healthcare Learning Management

Investment Portfolio Management

Medical Scheduling

Retail Analytics

Text Analysis

Vertical-Specific

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Benchmark ESG

Novata is an ESG (Environmental, Social, and Governance) technology platform developed by Novata, Inc. According to the vendor, Novata aims to empower private markets to achieve a more sustainable and inclusive form of capitalism. It serves a wide range of private market participants, including private equity firms, private credit firms, venture capital firms, limited partners, and private companies. These professionals and industries can utilize Novata to enhance their ESG performance and meet reporting requirements.

## Key Features

**ESG Metric Selection**: According to the vendor, Novata offers a comprehensive library of over 700 ESG metrics, allowing users to select the metrics most relevant to their needs and industry. Users have the flexibility to customize metric frameworks, assign weights and scores to metrics, and validate data integrity.

**ESG Data Management**: Novata provides a centralized data repository where users can store and manage their ESG data, including financial data, non-financial data, and sustainability reports. The platform facilitates data collection and aggregation from various sources, performs quality checks, and offers data visualization and reporting capabilities.

**ESG Services**: The vendor states that Novata offers ESG consulting and advisory services to assist users in developing and implementing effective ESG strategies. Users can access training and educational resources, benchmark their ESG performance, and generate standardized ESG reports.

**Carbon Data Management**: According to the vendor, Novata enables users to track and manage their carbon footprint by collecting and analyzing carbon emissions data across their portfolio companies. The platform captures Scope 1, 2, and 3 emissions, supports carbon reduction strategies, and facilitates carbon reporting and disclosure.

**Reporting & Analytics**: Novata provides real-time data analytics capabilities, allowing users to analyze and visualize their ESG data and performance metrics through dynamic dashboards and reports. The platform enables performance tracking and monitoring, stakeholder reporting, and regulatory compliance.

**Benchmarks**: According to the vendor, Novata offers a range of universal benchmarks covering a broad set of ESG metrics. Users can compare their ESG performance against industry standards using these benchmarks. Sector-specific benchmarks tailored to specific industries are also available, allowing users to conduct performance gap analysis and generate benchmark reports.

Easy to navigate and intuitive: Many users have found the Novata platform to be easy to navigate and intuitive, allowing for a seamless user experience. 

Automated data collection: Several reviewers have praised the automated data collection feature of Novata, which seamlessly integrates with existing systems and processes. This automation saves time and effort, making it convenient for users.

Ability to apply standard and customized metrics: The capability to apply both standard and customized metrics in Novata has been highly valued by users. It allows for a more comprehensive analysis tailored to specific needs, enhancing the flexibility of the platform.

1. Need for Further Development: Some users have mentioned that Novata still needs further development, as it is considered a young platform. They feel that certain features could be improved and additional functionalities added to enhance the overall user experience.

2. Lack of Intuitive Interface: Several reviewers have expressed frustration with the interface when it comes to uploading Excel data into the forms provided by Novata. They find it difficult or non-intuitive, suggesting that an easier and more streamlined process would greatly benefit users.

3. Vague Guidance and Explanation: A number of users have found the guidance provided by Novata to be vague at times, particularly in terms of external validation of data and certain metrics within the system. They believe that more detailed explanations, context, and lists of accepted verifications would greatly assist them in understanding how to effectively use the software.

Users of Novata have found the software to be a helpful data collection tool, increasing efficiencies for GPs. They appreciate the value it provides to portfolio companies through its useful guidance material and hands-on support. The introduction session offered by Novata helps users become familiar with the process and software, making it easy to use and intuitive. This positive user experience has simplified the process of collecting information, even for users who are new to this kind of data collection. Users have also been able to easily set up and report on the metrics requested by their Private Equity owners, even when some metrics are not applicable. Additionally, Novata's readily available support team is easy to work with, providing assistance whenever needed. Overall, users have had a positive experience with Novata and are satisfied with its performance. It has also proven effective in completing ESG reports as requested by holding companies.

Boost

Launch

Scale

Free for Nonprofits

Goodworld

SafetyCulture

Novata

Environmental, Social, and Governance (ESG)

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Environmental, Social, and Governance (ESG) Software

Novata

Overview

What is Novata?