February 23, 2018, 4:31 pm
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1 Philippine Peso = 0.07045 UAE Dirham
1 Philippine Peso = 2.04297 Albanian Lek
1 Philippine Peso = 0.03415 Neth Antilles Guilder
1 Philippine Peso = 0.38059 Argentine Peso
1 Philippine Peso = 0.02443 Australian Dollar
1 Philippine Peso = 0.03415 Aruba Florin
1 Philippine Peso = 0.03837 Barbados Dollar
1 Philippine Peso = 1.59409 Bangladesh Taka
1 Philippine Peso = 0.0304 Bulgarian Lev
1 Philippine Peso = 0.00723 Bahraini Dinar
1 Philippine Peso = 33.58872 Burundi Franc
1 Philippine Peso = 0.01918 Bermuda Dollar
1 Philippine Peso = 0.02533 Brunei Dollar
1 Philippine Peso = 0.13159 Bolivian Boliviano
1 Philippine Peso = 0.06235 Brazilian Real
1 Philippine Peso = 0.01918 Bahamian Dollar
1 Philippine Peso = 1.2325 Bhutan Ngultrum
1 Philippine Peso = 0.18295 Botswana Pula
1 Philippine Peso = 384.03989 Belarus Ruble
1 Philippine Peso = 0.03832 Belize Dollar
1 Philippine Peso = 0.02429 Canadian Dollar
1 Philippine Peso = 0.018 Swiss Franc
1 Philippine Peso = 11.42605 Chilean Peso
1 Philippine Peso = 0.12152 Chinese Yuan
1 Philippine Peso = 54.88202 Colombian Peso
1 Philippine Peso = 10.87186 Costa Rica Colon
1 Philippine Peso = 0.01918 Cuban Peso
1 Philippine Peso = 1.71801 Cape Verde Escudo
1 Philippine Peso = 0.39493 Czech Koruna
1 Philippine Peso = 3.3921 Djibouti Franc
1 Philippine Peso = 0.11601 Danish Krone
1 Philippine Peso = 0.94226 Dominican Peso
1 Philippine Peso = 2.17652 Algerian Dinar
1 Philippine Peso = 0.24369 Estonian Kroon
1 Philippine Peso = 0.33858 Egyptian Pound
1 Philippine Peso = 0.52177 Ethiopian Birr
1 Philippine Peso = 0.01557 Euro
1 Philippine Peso = 0.03825 Fiji Dollar
1 Philippine Peso = 0.01371 Falkland Islands Pound
1 Philippine Peso = 0.01377 British Pound
1 Philippine Peso = 0.08533 Ghanaian Cedi
1 Philippine Peso = 0.89967 Gambian Dalasi
1 Philippine Peso = 172.74122 Guinea Franc
1 Philippine Peso = 0.14073 Guatemala Quetzal
1 Philippine Peso = 3.9296 Guyana Dollar
1 Philippine Peso = 0.15011 Hong Kong Dollar
1 Philippine Peso = 0.45024 Honduras Lempira
1 Philippine Peso = 0.11584 Croatian Kuna
1 Philippine Peso = 1.216 Haiti Gourde
1 Philippine Peso = 4.85824 Hungarian Forint
1 Philippine Peso = 261.23153 Indonesian Rupiah
1 Philippine Peso = 0.06714 Israeli Shekel
1 Philippine Peso = 1.24329 Indian Rupee
1 Philippine Peso = 22.71245 Iraqi Dinar
1 Philippine Peso = 713.12103 Iran Rial
1 Philippine Peso = 1.9248 Iceland Krona
1 Philippine Peso = 2.40936 Jamaican Dollar
1 Philippine Peso = 0.01359 Jordanian Dinar
1 Philippine Peso = 2.0619 Japanese Yen
1 Philippine Peso = 1.9413 Kenyan Shilling
1 Philippine Peso = 1.3061 Kyrgyzstan Som
1 Philippine Peso = 77.09572 Cambodia Riel
1 Philippine Peso = 7.62709 Comoros Franc
1 Philippine Peso = 17.26453 North Korean Won
1 Philippine Peso = 20.55496 Korean Won
1 Philippine Peso = 0.00575 Kuwaiti Dinar
1 Philippine Peso = 0.01573 Cayman Islands Dollar
1 Philippine Peso = 6.12565 Kazakhstan Tenge
1 Philippine Peso = 158.52676 Lao Kip
1 Philippine Peso = 28.96605 Lebanese Pound
1 Philippine Peso = 2.97621 Sri Lanka Rupee
1 Philippine Peso = 2.45904 Liberian Dollar
1 Philippine Peso = 0.22463 Lesotho Loti
1 Philippine Peso = 0.05848 Lithuanian Lita
1 Philippine Peso = 0.0119 Latvian Lat
1 Philippine Peso = 0.02544 Libyan Dinar
1 Philippine Peso = 0.17647 Moroccan Dirham
1 Philippine Peso = 0.31853 Moldovan Leu
1 Philippine Peso = 0.95396 Macedonian Denar
1 Philippine Peso = 25.47477 Myanmar Kyat
1 Philippine Peso = 45.90946 Mongolian Tugrik
1 Philippine Peso = 0.15451 Macau Pataca
1 Philippine Peso = 6.71398 Mauritania Ougulya
1 Philippine Peso = 0.62536 Mauritius Rupee
1 Philippine Peso = 0.29868 Maldives Rufiyaa
1 Philippine Peso = 13.76098 Malawi Kwacha
1 Philippine Peso = 0.35911 Mexican Peso
1 Philippine Peso = 0.07494 Malaysian Ringgit
1 Philippine Peso = 0.22327 Namibian Dollar
1 Philippine Peso = 6.88663 Nigerian Naira
1 Philippine Peso = 0.59477 Nicaragua Cordoba
1 Philippine Peso = 0.15035 Norwegian Krone
1 Philippine Peso = 1.98703 Nepalese Rupee
1 Philippine Peso = 0.02611 New Zealand Dollar
1 Philippine Peso = 0.00738 Omani Rial
1 Philippine Peso = 0.01918 Panama Balboa
1 Philippine Peso = 0.06229 Peruvian Nuevo Sol
1 Philippine Peso = 0.0629 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.11989 Pakistani Rupee
1 Philippine Peso = 0.06472 Polish Zloty
1 Philippine Peso = 106.82716 Paraguayan Guarani
1 Philippine Peso = 0.06982 Qatar Rial
1 Philippine Peso = 0.07256 Romanian New Leu
1 Philippine Peso = 1.0862 Russian Rouble
1 Philippine Peso = 16.12737 Rwanda Franc
1 Philippine Peso = 0.07193 Saudi Arabian Riyal
1 Philippine Peso = 0.14866 Solomon Islands Dollar
1 Philippine Peso = 0.2582 Seychelles Rupee
1 Philippine Peso = 0.34501 Sudanese Pound
1 Philippine Peso = 0.15536 Swedish Krona
1 Philippine Peso = 0.02534 Singapore Dollar
1 Philippine Peso = 0.01372 St Helena Pound
1 Philippine Peso = 0.42597 Slovak Koruna
1 Philippine Peso = 146.36485 Sierra Leone Leone
1 Philippine Peso = 10.78074 Somali Shilling
1 Philippine Peso = 381.75523 Sao Tome Dobra
1 Philippine Peso = 0.16785 El Salvador Colon
1 Philippine Peso = 9.87876 Syrian Pound
1 Philippine Peso = 0.22325 Swaziland Lilageni
1 Philippine Peso = 0.60368 Thai Baht
1 Philippine Peso = 0.04586 Tunisian Dinar
1 Philippine Peso = 0.0428 Tongan paʻanga
1 Philippine Peso = 0.07262 Turkish Lira
1 Philippine Peso = 0.12717 Trinidad Tobago Dollar
1 Philippine Peso = 0.55966 Taiwan Dollar
1 Philippine Peso = 43.06541 Tanzanian Shilling
1 Philippine Peso = 0.51746 Ukraine Hryvnia
1 Philippine Peso = 69.67197 Ugandan Shilling
1 Philippine Peso = 0.01918 United States Dollar
1 Philippine Peso = 0.54556 Uruguayan New Peso
1 Philippine Peso = 156.62766 Uzbekistan Sum
1 Philippine Peso = 478.3426 Venezuelan Bolivar
1 Philippine Peso = 435.71839 Vietnam Dong
1 Philippine Peso = 1.98465 Vanuatu Vatu
1 Philippine Peso = 0.04817 Samoa Tala
1 Philippine Peso = 10.20986 CFA Franc (BEAC)
1 Philippine Peso = 0.05179 East Caribbean Dollar
1 Philippine Peso = 10.20986 CFA Franc (BCEAO)
1 Philippine Peso = 1.85248 Pacific Franc
1 Philippine Peso = 4.79474 Yemen Riyal
1 Philippine Peso = 0.22325 South African Rand
1 Philippine Peso = 99.5492 Zambian Kwacha
1 Philippine Peso = 6.94226 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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Column of the Day

Rappler’s continuing saga

By DAHLI ASPILLERA | February 23,2018
‘Without a court TRO against the SEC ruling, Rappler’s accreditation in Malacañang was considered revoked.” – Senior Deputy Executive Secretary Menardo Guevarra.’

Opinion of the Day

Duterte does not understand media’s role in a democracy

By ELLEN TORDESILLAS | February 23, 2018
‘This is funny if it didn’t violate the constitutional guarantee of freedom of the press.’