JFINEX partners with NOAH Business Applications to propel financial literacy into the digital age

JFINEX partners with NOAH Business Applications to propel financial literacy into the digital age

December 12, 2018

The Junior FINEX (JFINEX) which serves as the vehicle of the 50 year-old Financial Executives Institute of the Philippines (FINEX) to promote advance learning in business and finance partnered with NOAH Business Applications to further advance its advocacies. This is in line with the Bangko Sentral ng Pilipinas’ (BSP) campaign to promote and instill financial literacy to the youth.

One big vision of JFINEX started it all: The 1st JFINEX Future Business and Finance Leader Conference held last September 17, 2018 at the SM Mall of Asia, which attracted 10,000 students from various disciplines from as far north as Laoag City to Butuan City down south. This was the first biggest event of its kind offered to students for free.

JFINEX had one goal: to gather the youth and inspire them to learn from five different segments: Government for the Youth; Inspirations of the Future; Journey of a CFO; Millennials in Corporate Leadership, and ShowBiz to MyOwnBiz.

NOAH Business Applications lead by its Chief Software Architect, Dada del Carmen, who is also JFINEX Chairperson developed an advanced and secured platform called the JFINEX Management Portal. The value of this portal was demonstrated by JFINEX being able to mobilize a large number of students to participate in the conference.

This automated system through the use of the portal streamlined the processing of big data and information. To attract students, the portal was linked to social media to ensure accessibility in communication between the organizer and prospective participants. This resulted in efficiency in data gathering, wide-reaching and instantaneous sharing of messages, and provided a channel to gain feedback, engage, and monitor progress. Any information gathered by the portal is in compliance with the data privacy act.

Upon registration, sending of confirmation goes through the email-sending facility of the NOAH platform which assures that information is delivered promptly through the different mediums of communication. In effect, the process of registration and confirmation is completed electronically in seconds.

Participants were provided with a unique QR Code that confirmed their attendance and served as an entry point into the NOAH Automated Raffle Application. In addition, downloadable e-certificates were made available to every participant. Two months before the event, seating arrangements for the event were raffled off to establish fairness, and shown live via Facebook.

The portal also served as a channel for crisis management. Four days before the big event, a brewing storm (Typhoon Ompong) flooded a number of areas in the north of country, cancelling classes. Notifications via email and text blasts facilitated the communication for any potential changes. Fortunately, the typhoon had little effect on the outcome of the successful event.

Full automation of the 20th ICFC

NOAH Business Applications was also able to fully automate the Inter-Collegiate Finance Competition (ICFC), which is the nation’s most prestigious finance competition organized by JFINEX. The schools prepared their teams through a rigorous selection and training program at least a year prior the competition.

The year 2018 marked the competition’s 20th year wherein JFINEX took a big stride by modernizing the competition process from its preliminary to its final round. Students were given tablet devices to use where they were able to examine the questions and electronically relay their answers. The scoring, tabulation and results were made readily available to the audience and participants.

Automation and digital applications make our lives easier, thus increasing performance and productivity. With NOAH Business Applications, you can ride the wave of advancement in automating your business, to include the following: Financials; Financial Consolidation; Warehousing; Production; Customer Relations Management; Distribution; Forecasting, Planning, and Budgeting; Loan Management, Realty, Human Resources Management System; Procurement Management, and Project Management.

If NOAH Business Applications can help JFINEX unleash its full potential in carrying out its mission, just think of what it can do to your business.

Should you wish for more information on how NOAH can help your business grow, visit us at https://www.noahapplication.com or email us at info@noahapplication.com

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