Spring 2016 Investments
Can we identify and contact interested investors that will introduce AguaClara technology in target communities? - Can we develop investment models that are feasible to communities and attractive to investors?
- Can we create a model that conveys AguaClara's mission and impact proposition to prospective investors?
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Fall 2017 Investments
Can we create a database of potential investors (lenders), including a profile of each investor (inc. types of projects financed, investment criteria, board members)? Can we correspond with various professionals to aid in the development of our team? Can we effectively build a computerized accounting tool to be used by the community board to facilitate financial management and reporting? Can AguaClara be in a position by the end of this calendar year to formally approach possible investors to provide financing for a specific water project in Honduras?
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Fall 2016
The AguaClara Investments team is working on creating a model that will be used for contacting investors.
Fall 2017
Accounting Tool (QuickBooks):
- QuickBooks features to be used in AguaClara's accounting tool:
- Inventory
- Payments
- Reporting
- Will be used to manage:
- Invoices and billing records
- Accounts receivable
- Fund balances
- Construction fund
- Revenue fund
- Debt service fund
- Maintenance reserve fund
- Income statement
Accounting Tool Preliminary Research:
- Accufund
- Designed for government or municipal projects
-Many of the features in place in this system are designed for the ease of reconciling problems that towns and cities face, rather than an organization like AguaClara- AguaClara needs a simplistic report
- More accounting knowledge would be necessary to utilize this tool - would need to be taught to plant operators
- Not as user-friendly as QuickBooks
- ZipBooks
-Uses cloud based accounting platform
-Could be an effective way to cut cost costs
-Drawbacks:
- System is cloud based
- Not applicable in places with unreliable wifi
- No Spanish language support
- Unclear who has ownership over data
- FreshBooks
-Similar to QuickBooks
-Uses cloud based accounting platform
- UltraTax Accounting CS
-Unclear whether it is was translatable to Spanish
-Many functions are more complicated than the simple tools
-Unclear whether it’s customizable
Members Nicolette Ocasio Jenny Chan Jonathan Tsang Aditi Athavale
Documents | Challenges | Tasks | Symposium | Final Presentation | Final Report | | Fall '16 | | | | | | | Spring '17 | | | | | | | Fall '17 | | | | | |
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