Category: Partner Management
NGOs and Foreign Exchange (FX) – part 2
Woord en Daad implemented a strategy, whereby the currency profits/losses are compensated through a separate forex risk fund. The basic idea is straightforward: deposit all profits in a fund and withdraw all losses from that same fund. And monitor the balance. In this way, project budgets are not affected by exchange rate differences over which you have no influence, and a partner knows in advance which (local currency) budget can be counted on.
NGOs and Foreign Exchange (FX) – part 1
“Foreign exchange management for NGOs”. This was the title of a presentation by Arnold van Willigen, financial director of the Woord en Daad foundation, during the meeting organized by Partos. Organizations handle foreign currency and its inherent risks differently. All kinds of factors can lead to different strategies. For example: Who in the supply chain bears the currency risk? Some organizations choose to transfer the currency risk to the recipients end (by entering into Euro contracts). Other organizations take the currency risk themselves (by entering into contracts in local currencies). In any case, the lesson is that currency risk cannot be reduced to a financial risk.
Empower communication and collaboration – use ProjectConnect!
The idea behind our IT solution is to focus on the project. As per definition it is easy to set-up, easy to deploy and easy to use. ProjectConnect is designed to be configurable to fit your organization’s requirements. Whether you are managing your own projects or collaborating with (local) partners who share your objectives.
Effective Collaboration in Partnerships
How might we support organizations who are at the start of their partnership to collaborate effectively and inclusively in their temporary setup? This was the central question for our Joint Action Group #6, part of the Spindle initiative of Partos. One of the Spindle projects addressed the Digital Journey, to build an innovation upon the needs of the Dutch development organizations and discover solutions for digital challenges.
NEW: CRM Functionality for Partners
Next week we will release a completely renewed version of our Partner Management module, in which CRM functionality has been extended further. Both Ends, our new community partner, has initiated this new functionality as a means to improve Partner management in their organisation. You can manage information on your partners: who are they, where are they…