3. Finance Reserves
• F.D : Rs. 7,07,000 /– ( Increased by 1.5 Lakh )
• On Maturity in March 2014:
– Rs. 7,74,000 /-
4. Investments
Investment
Result
Office Renovation
Office was painted by Finance team and LC
members in the beginning of the year. This
was a fun activity to bring a sense of
ownership towards the LC amongst all
members.
Events
We have had our first time ever Stake holder
Summit to engage all Stake holders of
AIESEC Hyderabad in our how’s what’s and
why’s . Right investments ensured as many
as 50 raises as ROI from this event.
BKK 2013 :
Recruitments:
Trainee Events:
Hoarding
Investment was made for a hoarding located
centrally in the city.
NLS 2014
Due to Stable finance state of the LC ,we
have been given an opportunity to host NLS
2014. We believe In giving a delegate the
best experience ever
Diwali Gifts for Clients
For the first time ever, investments were
made to strike cordial relations with new
and existing clients. This was a big hit for us
wherein IGIP had received 5 direct raises
from an old client .Talk about investing right
5. Investments
Investment
Result
EPIC’s for iGCDP and
oGCDP
EPIC were conducted for OGX and ICX
interns regularly. This resulted in
improved NPS score and majority of
matches in Q2 for oGCDP
Expansions
Being a national focus area we
budgeted for a lot of investment
into Expansion initiatives and this was
extremely fruitful for us.
RnR’s and Conference
Subsidies
Conferences were subsidized for
performing members and VP’s to
encourage performance and reward
those who performed well.
NEP
NEP pick up, basic accommodation
requirements were the cost centers.
Doing it the right way ensure that we
did not loose out on NEP income.
IC 2013
Boosting IR
Story Teller 2013
BD product and income generation
for the LC
Membership and
Training
Frequent investments were made to
train and develop membership.
Ganesh Pooja, Diwali and Office days
were conducted for encouraging
office culture . Investments were
made in inducting new members
properly to ensure they have the
6. What worked
•
Financial Policies
– A broad framework created to help LC work smoothly and
effectively, changes in pricing policies ensures clients were held
more accountable when they pay a raise amount.
•
RnRs
– RnRs worked out brilliantly in dry phases of exchange. It
boosted RMR’s extensively
•
Investment in OGX
– Spectacular growth in OGX. Investments were made in
delivering IS’s, print material , EPIC’s and special forums like
Global conclave for winter raising .
•
•
•
•
•
Proper Documentation and Book keeping practices.
Tally and Auditing on time.
NEP
Delivering smooth NEP experiences ensured we did not
loose out on NEP income.
MDP’s
– Multi Dimension Modules in all portfolios making Finance play
a key role
•
•
•
Investment in Expansions: Invested effectively into
expansions knowing that they are the way forward to boost
our growth as an organisation
Trainee Events : Happy interns=Better NPS Score=Delivering
Quality experiences
Effective cost cutting
7. Best Case Practices
• Finance Team
• Diwali Gifts
• EPIC , Trainee Events and Global
Conclave
• Documentation and Book keeping
practises
• Investments in Expansions
• RnRs
• NEP
• Finance Webster
• MDP’s
• Investments in membership and
Training on a regular basis
