AIESEC India Finance Summit - February 2016

1. Risk Management
AIESEC India National Support Team

2. Split into 3 groups!

3. What are the Business risks and
Financial risks related to your
product?

4. Presentation Time!

5. Business Risks
• Lack of proper LC Data Transition
• Long term partners lost
• Low Exchange vs BD ratio
• Free Raising
• Undelivered clients/Eps
• No insurance for Eps
• EPs staying with externals (PGs, Homestay)
• EPs taking up part time jobs
• EPs overstaying in countries
• EPs staying illegally in the country (Without FRRO/Expired VISA)
• EP LEADs, OPS, EPICs, Induction Not Provided for all Eps
• No. of match/realization breaks

6. Finance & Legal Risks
• Liquid cash & cash transactions
• Money with membership (As loans or EP Fees)
• Fixed expenses (Office rent, admin expenses like electricity,
WiFi)
• Amount lost in Trainee Flats & Deposits
• Bank statements not maintained
• Physical copies of contracts not maintained
• Amount of FD/Reserve of the LC
• Amount of receivables & debtor cycle
• Amount lost due to cases (ECB & ICB Cases)
• Amount lost in transition (Receivables & Cash flow
management not maintained)

7. Finance & Legal Risks
• No. of potential legal cases
• No. of cases filed & lost during the year (ECB &
ICB)
• No. of years of Budgeted vs Actual available
• Average time for money to come in post invoicing
• Amount of money lost in bad debts
• Wrong VISAs (Example tourist visas)
• EPs involving in illegal activities outside purview
of XPP (Like drugs)