May 26, 2018, 5:37 pm
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1 Philippine Peso = 0.06987 UAE Dirham
1 Philippine Peso = 2.04394 Albanian Lek
1 Philippine Peso = 0.03405 Neth Antilles Guilder
1 Philippine Peso = 0.46707 Argentine Peso
1 Philippine Peso = 0.02507 Australian Dollar
1 Philippine Peso = 0.03386 Aruba Florin
1 Philippine Peso = 0.03804 Barbados Dollar
1 Philippine Peso = 1.58684 Bangladesh Taka
1 Philippine Peso = 0.03178 Bulgarian Lev
1 Philippine Peso = 0.00718 Bahraini Dinar
1 Philippine Peso = 33.30759 Burundi Franc
1 Philippine Peso = 0.01902 Bermuda Dollar
1 Philippine Peso = 0.02521 Brunei Dollar
1 Philippine Peso = 0.13049 Bolivian Boliviano
1 Philippine Peso = 0.06941 Brazilian Real
1 Philippine Peso = 0.01902 Bahamian Dollar
1 Philippine Peso = 1.2997 Bhutan Ngultrum
1 Philippine Peso = 0.18862 Botswana Pula
1 Philippine Peso = 380.82557 Belarus Ruble
1 Philippine Peso = 0.038 Belize Dollar
1 Philippine Peso = 0.02456 Canadian Dollar
1 Philippine Peso = 0.01888 Swiss Franc
1 Philippine Peso = 11.92087 Chilean Peso
1 Philippine Peso = 0.1215 Chinese Yuan
1 Philippine Peso = 54.23245 Colombian Peso
1 Philippine Peso = 10.69241 Costa Rica Colon
1 Philippine Peso = 0.01902 Cuban Peso
1 Philippine Peso = 1.79018 Cape Verde Escudo
1 Philippine Peso = 0.41871 Czech Koruna
1 Philippine Peso = 3.37645 Djibouti Franc
1 Philippine Peso = 0.12092 Danish Krone
1 Philippine Peso = 0.9416 Dominican Peso
1 Philippine Peso = 2.20987 Algerian Dinar
1 Philippine Peso = 0.25394 Estonian Kroon
1 Philippine Peso = 0.33993 Egyptian Pound
1 Philippine Peso = 0.51779 Ethiopian Birr
1 Philippine Peso = 0.01623 Euro
1 Philippine Peso = 0.03907 Fiji Dollar
1 Philippine Peso = 0.01422 Falkland Islands Pound
1 Philippine Peso = 0.01425 British Pound
1 Philippine Peso = 0.08823 Ghanaian Cedi
1 Philippine Peso = 0.89024 Gambian Dalasi
1 Philippine Peso = 171.23835 Guinea Franc
1 Philippine Peso = 0.13955 Guatemala Quetzal
1 Philippine Peso = 3.93875 Guyana Dollar
1 Philippine Peso = 0.14924 Hong Kong Dollar
1 Philippine Peso = 0.45305 Honduras Lempira
1 Philippine Peso = 0.11993 Croatian Kuna
1 Philippine Peso = 1.23264 Haiti Gourde
1 Philippine Peso = 5.18261 Hungarian Forint
1 Philippine Peso = 268.49914 Indonesian Rupiah
1 Philippine Peso = 0.06761 Israeli Shekel
1 Philippine Peso = 1.28921 Indian Rupee
1 Philippine Peso = 22.52235 Iraqi Dinar
1 Philippine Peso = 800.64676 Iran Rial
1 Philippine Peso = 2.00476 Iceland Krona
1 Philippine Peso = 2.38368 Jamaican Dollar
1 Philippine Peso = 0.01348 Jordanian Dinar
1 Philippine Peso = 2.08195 Japanese Yen
1 Philippine Peso = 1.91839 Kenyan Shilling
1 Philippine Peso = 1.2975 Kyrgyzstan Som
1 Philippine Peso = 77.23036 Cambodia Riel
1 Philippine Peso = 7.96595 Comoros Franc
1 Philippine Peso = 17.12003 North Korean Won
1 Philippine Peso = 20.46376 Korean Won
1 Philippine Peso = 0.00575 Kuwaiti Dinar
1 Philippine Peso = 0.0156 Cayman Islands Dollar
1 Philippine Peso = 6.24805 Kazakhstan Tenge
1 Philippine Peso = 158.41735 Lao Kip
1 Philippine Peso = 28.6285 Lebanese Pound
1 Philippine Peso = 3.00552 Sri Lanka Rupee
1 Philippine Peso = 2.59102 Liberian Dollar
1 Philippine Peso = 0.23569 Lesotho Loti
1 Philippine Peso = 0.05799 Lithuanian Lita
1 Philippine Peso = 0.0118 Latvian Lat
1 Philippine Peso = 0.02586 Libyan Dinar
1 Philippine Peso = 0.18008 Moroccan Dirham
1 Philippine Peso = 0.31929 Moldovan Leu
1 Philippine Peso = 0.99391 Macedonian Denar
1 Philippine Peso = 25.77516 Myanmar Kyat
1 Philippine Peso = 45.76412 Mongolian Tugrik
1 Philippine Peso = 0.15373 Macau Pataca
1 Philippine Peso = 6.73388 Mauritania Ougulya
1 Philippine Peso = 0.65627 Mauritius Rupee
1 Philippine Peso = 0.29618 Maldives Rufiyaa
1 Philippine Peso = 13.63553 Malawi Kwacha
1 Philippine Peso = 0.37196 Mexican Peso
1 Philippine Peso = 0.07566 Malaysian Ringgit
1 Philippine Peso = 0.23683 Namibian Dollar
1 Philippine Peso = 6.82899 Nigerian Naira
1 Philippine Peso = 0.59717 Nicaragua Cordoba
1 Philippine Peso = 0.15404 Norwegian Krone
1 Philippine Peso = 2.06962 Nepalese Rupee
1 Philippine Peso = 0.02745 New Zealand Dollar
1 Philippine Peso = 0.00732 Omani Rial
1 Philippine Peso = 0.01902 Panama Balboa
1 Philippine Peso = 0.0621 Peruvian Nuevo Sol
1 Philippine Peso = 0.06201 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.19897 Pakistani Rupee
1 Philippine Peso = 0.06975 Polish Zloty
1 Philippine Peso = 108.10348 Paraguayan Guarani
1 Philippine Peso = 0.06924 Qatar Rial
1 Philippine Peso = 0.0751 Romanian New Leu
1 Philippine Peso = 1.17631 Russian Rouble
1 Philippine Peso = 16.13468 Rwanda Franc
1 Philippine Peso = 0.07134 Saudi Arabian Riyal
1 Philippine Peso = 0.15092 Solomon Islands Dollar
1 Philippine Peso = 0.25547 Seychelles Rupee
1 Philippine Peso = 0.34155 Sudanese Pound
1 Philippine Peso = 0.16566 Swedish Krona
1 Philippine Peso = 0.02546 Singapore Dollar
1 Philippine Peso = 0.01422 St Helena Pound
1 Philippine Peso = 0.42241 Slovak Koruna
1 Philippine Peso = 149.32471 Sierra Leone Leone
1 Philippine Peso = 10.69051 Somali Shilling
1 Philippine Peso = 397.78391 Sao Tome Dobra
1 Philippine Peso = 0.16644 El Salvador Colon
1 Philippine Peso = 9.79608 Syrian Pound
1 Philippine Peso = 0.23678 Swaziland Lilageni
1 Philippine Peso = 0.60662 Thai Baht
1 Philippine Peso = 0.0483 Tunisian Dinar
1 Philippine Peso = 0.04363 Tongan paʻanga
1 Philippine Peso = 0.08961 Turkish Lira
1 Philippine Peso = 0.1286 Trinidad Tobago Dollar
1 Philippine Peso = 0.56886 Taiwan Dollar
1 Philippine Peso = 43.27563 Tanzanian Shilling
1 Philippine Peso = 0.49705 Ukraine Hryvnia
1 Philippine Peso = 71.0291 Ugandan Shilling
1 Philippine Peso = 0.01902 United States Dollar
1 Philippine Peso = 0.5933 Uruguayan New Peso
1 Philippine Peso = 151.83565 Uzbekistan Sum
1 Philippine Peso = 1494.25528 Venezuelan Bolivar
1 Philippine Peso = 433.30797 Vietnam Dong
1 Philippine Peso = 2.03595 Vanuatu Vatu
1 Philippine Peso = 0.04914 Samoa Tala
1 Philippine Peso = 10.63667 CFA Franc (BEAC)
1 Philippine Peso = 0.05136 East Caribbean Dollar
1 Philippine Peso = 10.63667 CFA Franc (BCEAO)
1 Philippine Peso = 1.926 Pacific Franc
1 Philippine Peso = 4.75366 Yemen Riyal
1 Philippine Peso = 0.23681 South African Rand
1 Philippine Peso = 98.716 Zambian Kwacha
1 Philippine Peso = 6.88415 Zimbabwe dollar

Local nonprofits amplify social impact with NetSuite

by Lourdes C. Escolano

NONPROFITS balance delicately between sustainability through financial efficiency and continued viability through operational productivity. Many nonprofits, passionate to make the world a better place, struggle with simple but mission-critical processes like accounting, tracking and analyzing because of limited manpower, resources and time.

Zuellig Family Foundation, the Philippine Council for NGO Certification and Grupo Kalinangan, Inc. are three nonprofits that have experienced these limitations and have searched for way to help them improve operational efficiency and increase transparency. 

To help them solve their problems Oracle NetSuite Social Impact program now support these three nonprofits. Oracle NetSuite is one of the world’s leading providers of Cloud-based financials / ERP, HR, Professional Services Automation (PSA) and omnichannel commerce software suites. Its Social Impact program makes available free and discounted software licensing to qualified nonprofits and social enterprises. The program also includes Suite Pro Bono, wherein NetSuite employees volunteer their time and expertise to help nonprofits with training and customizations to make the most of the platform. 

To date more than 1,000 nonprofits and social enterprises globally use Oracle NetSuite Social Impact offerings, including Philippine organizations like Coca-Cola Foundation Philippines, American Chamber Foundation Philippines, Cartwheel Foundation, Virlanie Foundation, Microventures Foundation, BagoSphere and Theo & Philo. 

The benefits of the platform are two fold. By eliminating labor-intensive manual work, nonprofits are freeing up resources to better focus on their social missions across the country in such areas as healthcare, education, business development, disaster relief and alleviation of poverty.

For donors regulatory reporting and capacity for informed, data-driven decision that is faster and more precise.

IMPROVING HEALTHCARE DELIVERY WITH LEADERSHIP TRAINING. Zuellig Family Foundation (www.zuelligfoundation.org) has provided local training to improve healthcare in nearly 650 rural municipalities across 32 provinces since 2008. More than 2,000 leaders have participated in ZFF’s training programs, applying their insights to improve healthcare at the local level. 

Based in Parañaque City with 80 full-time employees, ZFF partners with other organizations such as USAID, UNICEF and MSD Merck for Mothers, with funding rising 35 percent since 2013 to $196.8M USD in 2016. NetSuite helped ZFF save an estimated P1.65M in annually and cost avoidance compared to a SAP solution it evaluated before selecting NetSuite, going live in 2015. 

With those savings in licensing, infrastructure, IT personnel and bookkeeper, ZFF is better able to focus resources on improving rural healthcare.

“NetSuite has simplified and facilitated our compliance with reporting requirements by supporting internal controls and providing accurate, real-time reporting with a complete set of audit trails. We have greater accountability and transparency and can generate real-time reports that aid in decision-making,” Wesley Villanueva, ZFF Manager said. 

DRIVING EFFECTIVENESS, ACCOUNTABILITY WITH NGO CERTIFICATIONS. The Philippine Council for NGO Certification (www.pcnc.com.ph), a nonprofit that certifies NGOs as meeting organizational standards for financial management and transparency. 

Created in 1997 by a consortium of NGO networks, PCNC currently certifies approximately 450 NGOs with a “Seal of Good Housekeeping,” based on evaluations conducted by more than a hundred volunteer evaluators on six criteria including mission, goals and financial management. That gives donors confidence that funding will be used for its intended purpose. 

Based in Manila with eight employees, PCNC also helps match NGOs with communities in need, improving local outcomes across the nation. Since going live in 2016, NetSuite has been playing a critical role by giving PCNC new capabilities to track and segment NGOs by mission, regions and other characteristics, helping bring together NGOs and beneficiaries. PCNC also uses NetSuite for automated communications, such as notification emails to NGOs six months before certification expires, and intends to use NetSuite LightCMS for a more modern website. 

“What used to take a day of gathering and aggregating data now takes minutes. We’re saving a lot of time with the ability to generate data very easily and that means less cost and less manual work. We didn’t realize what we were missing with NetSuite. NetSuite really knows how to work with nonprofits” Luis Morales, PCNC Executive Director explained.

ADVOCATING PRESERVATION OF FILIPINO HERITAGE. Grupo Kalinangan, Inc. (www.grupokalinangan.org), an organization founded in 2015 in Makati City, develops and deploys IT tools, services and support systems for local government and grassroots communities for improved cultural heritage management in the Philippines. 

A key focus area for GKI, with five board members and about 50 volunteers, is the use of data exchange, analytics and software such as Arches, an open-source GIS tool to collect and share data, heightening awareness of the importance of Filipino heritage. GKI, being an early adopter of technology, has always embraced modern applications to streamline its own operations. Replacing a free Wave Accounting application with NetSuite, which went live in 2016, helped GKI save time and money in managing financials, preparing annual reports, and improving transparency for donors and in government filings. 

Despite Grupo Kalinangan’s initial concern that NetSuite would be too complicated, the system has proven to be easy to use, especially with the training provided by Suite Pro Bono volunteers over a six-week period. As a more cost-efficient organization, GKI can put full focus on heritage without needless overhead.

“We’ve definitely improved our processes with NetSuite and its capabilities,” We can focus on the most important things for our organization without getting bogged down by problems and complicated financial processes. NetSuite does the work for us,” Karl Aguilar, Corporate Treasurer, Grupo Kalinangan commented.

To learn more about NetSuite Social Impact, please visit www.netsuite.com/socialimpact.
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