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Financial benefits of xhuma business
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XHUMA Business
Membership Organisations (MOs) such as chambers of commerce, industry associations and
business networks are in general striving to achieve three objectives:
Objective #1: Having a National, Societal or Community Impact
All membership organisations articulate a mission. This mission may be “to be the voice of the
private sector to government”, “to ready the non-energy sector for export” or “to promote Christian
beliefs and perspectives in the marketplace”. Whatever the mission, it is generally manifested and
effected on relevant publics through events, publications, media presence, outreach projects and
sponsorships as well as the building up of the internal capacity of its membership.
Objective #2: Membership Growth
MOs are always concerned with growing their membership base through attraction and retention
strategies. On the other hand, each business within the membership of the organisation - at a very
basic level and in line with their intrinsic profit motive - is interested in increasing revenue and
decreasing costs. Accordingly, in their strategies to retain existing members and to attract new ones,
MO’s must clearly articulate how the individual profit motive of firms is advanced by being part of
the MO.
Objective #3: Increasing Revenue
“Money answereth all things”….In order to fulfil the preceding objectives, MOs require income.
Thus, a key focus of the membership organisation has to be finding innovative ways to drive
revenue, beyond membership fees alone.
ABOUT XHUMA BUSINESS
XHUMA Business is a cutting-edge on-line member management, networking and collaboration
platform which facilitates Commercial Chambers, Industry Associations and Business Support
Networks to achieve the cross-cutting objectives described above.
Simply put, XHUMA Business is a cloud-based suite of integrated productivity, business and social
media tools all on one user-friendly platform, specifically designed and customised for commercial
development.
The platform supports information sharing, fee management, compliance management, event
management and opportunity exchanges across the entire member-base as well as the enablement
of analytical insights across all institutional and member data.
Here is how XHUMA helps business membership organisations to achieve their objectives:
XHUMA for Making Societal Impact
Whatever the mission of your organisation may be, that mission is generally manifested and effected
through events, publications, media presence, outreach projects and sponsorships.
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1. Event Advertising and Management - XHUMA is a revolutionary tool that can bring together
all the stakeholders in an event eco-system. Speakers, Sponsors, Delegates and Organizers
now have the ability to interact, promote and benefit from alerts, updates and business
opportunities, before the event begins as well as long after it’s over. This integrated
platform also allows you the organizer, easy management of RSVP lists, agendas,
presentations and registration fees.
2. Build an Online Community for your Members - XHUMA comes with a number of
collaboration and community-building tools aimed at increasing the participation of existing
members and building their capacity. With XHUMA, organisations, through a wide array of
embedded social media tools and methods can conduct online trainings or deliver specific
content and opportunities to groups of selected individuals on an on-going basis.
Communication that used to be either impossible or extremely time-consuming can now be
accomplished in minutes.
XHUMA for Membership Growth
Demonstrating Value for Members - Reducing Each Member’s Business Costs
1. Business Websites - Once your organisation is using the XHUMA solution, each of your
registered members is provided with a complimentary business profile website supported by
an in-built content management system (CMS). This can represent savings of approximately
TTD 15,000 – TTD 20,000 in website development cost per member. Members then have the
option to upgrade their profile website with bespoke branding and URLs to achieve a fully-
customized web presence at a fraction of the market cost.
2. Enabling Online Payments – Receiving payments online has been a challenge for many small
businesses. The costs associated with SSL security encryption and PCI compliance can be
prohibitive. XHUMA has already undertaken that heavy lifting and can extend these benefits
to your members as a value-added benefit of being part of the group. Through this facility,
members can achieve secure e-commerce websites - at a marginal cost - to collect payments
from their clients.
3. Online Registrations - Once you have done the leg-work to promote the benefits of being
part of your organisation and you have generated interest among prospective members,
XHUMA can facilitate online registrations. Registration is easy as applications can be
submitted, assessed and determined online via XHUMA. This enhanced and customisable
work-flow will greatly reduce the shoe-leather costs normally incurred by members in the
process of completing offline, paper-based registration.
4. Virtual Meetings - Who has time to go to another meeting these days? As a premium
benefit, XHUMA offers the opportunity to offer members the ability to partake in virtual
real-time meetings without the cost of actually being there. The platform offers high-quality
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real-time video and audio connections of multiple registered participants to enable remote
trainings, events, and meetings.
Providing opportunities to increase each member’s revenue
1. Opportunities to Go Around - XHUMA allows the MO or its members to post opportunities to
the platform which their network colleagues can benefit from. Opportunities can be in the
form of requests for proposals (RFP), requests for information (RFIs), direct orders or
otherwise. Going beyond networking, XHUMA allows stakeholders to actually close deals
and receive payment, all on Platform.
2. Consortium Collaboration – Take advantage of the opportunity to bid for bigger business
through the formation of XHUMA consortia! With multiple virtual groups and tools,
collaboration on projects can happen in real-time, at anytime, with stakeholders in any
location. The availability of multiple facilities to share documents, posts, videos, slides and
other media will enhance the ability to collaborate to take advantage of large opportunities.
XHUMA for Increasing Revenue
XHUMA Business can open up a series of new revenue possibilities for the MO. Aside from receiving
payments from new members on-line, XHUMA can facilitate:
1. Virtual Membership – XHUMA opens up the possibility for your organisation to extend the
base of the membership by offering a new category base of members through virtual
membership. All the convenience and prestige of being a member of your organisation can
now be made available to new [possibly international] members who are unable to
physically be there!
2. Stakeholder Portal - Additionally, MOs generally have a number of key non-member
stakeholders whom they deal with on an on-going basis. These may include international
affiliate organisations, academia and funding agencies. MOs have the option of extending
their membership portal to include an extra-net which encompasses their ecosystem of
strategic partners. The revenue generated from these new subscriptions partly goes to
providing the technological support for on-boarding new stakeholders and the rest
represents direct income for the MO.
3. Online Advertising – Beyond paying subscriptions to be part of the Stakeholder Portal, eco-
system partners who would like to promote goods and services to your members no longer
have to place an ad in the paper or on local television. Given today’s digital economy, savvy
marketing / PR professionals and event promoters are building relationships directly with
MOs and are willing to pay for direct advertising access your membership.
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Other XHUMA Operational Benefits
1. Reduce Administrative Costs - The cost of physical space to maintain multiple years of hard-
copy records, the cost to maintain increasing numbers of secretarial staff, as well as the cost
of physically calling or mailing information to members and stakeholders, is both time
consuming and prohibitively expensive.
XHUMA eliminates the need for a number of traditional administrative functions while
improving organisations’ flexibility and response times. XHUMA is a professionally built
Software as a Service (SaaS) platform in which members and stakeholders access the system
via the internet or mobile device. Chamber / Network / Association updates are pushed
automatically to members. As such everyone within the network can exchange information,
access real-time updates and respond to requests.
Also, all data is held in the cloud; this means no office space is needed for servers of for
physical storage equipment such as file cabinets. Any hard-copy reports, certificates or
receipts required can be easily printed on an as-needed basis by the relevant stakeholder.
2. Data Analytics and Insights – XHUMA comes with a number of filter and reporting tools as
well as dashboard analytics which visually represent your real-time data. XHUMA provides
access to numerous dashboard reports including revenue by specialisation or fee type,
active and inactive members, unverified payments, member location and business sector
among a host of others. Members are also availed real-time reporting and search tools for
customised queries and data exports – all to deliver greater data insights, improve revenue
management, increase participation rates and achieve better overall stakeholder
satisfaction.
3. No requirement for IT personnel, servers or additional IT Infrastructure - The XHUMA
platform is an on-line (cloud-based) software as a service (SaaS) model. This means that
there is no requirement for IT infrastructure or personnel at the client site. Subscription to
the platform covers hosting, security upgrades, support for your user-base, and is paid for
through one low yearly fee.
With regard to security, only persons/businesses which a membership association validates
as members are invited to create a unique username and password to access the platform.
Additionally, the XHUMA technology platform is backed by best-in-class data center and
computer infrastructure, providing a redundant cloud setting supported by highly-skilled
technology professionals.
All XHUMA products provide our customers with a high degree of reliability, protection and
scalability. There are no hidden costs or surprises. The first year’s subscription also includes
training so that your team can get up-to-date quickly. Additionally, the XHUMA team
provides responsive and on-going user support should any ad hoc issue arise. XHUMA is a
one stop solution to facilitate organisational digital transformation!