Cobudget Use Cases
There are many different types of organisations and processes that Cobudget can be used for. Here are 3 examples of common Cobudget use cases and the details of their implementation.
Cobudget is used to engage a paying (monthly, quarterly or annually recurring) member community in financial decisions.
- To increase engagement among your members in a tangible way.
- To relieve pressure on the director team from having to make all budget decisions.
- Put the values of transparency, co-ownership and distributed decision making into practice in a simple way.
Alumni-organisations, NGOs, Cooperatives, Clubs Associations, Coworking Spaces, Fablabs
Cobudget is used for teams or entire organisations to collaboratively allocate resources to costs of all types and new projects.
- To increase engagement among your employees in a tangible way.
- tap into innovation potential
A fixed budget for an area of the organization is allocated collaboratively.
Examples of budgets:
Cobudget is used for funding a commons within a network. They tend to consist of a diversity of individuals and entities (both profit and non-profit) in multiple locations.
- Enabling the entities and individuals in the network to fund projects together
- Investing in shared assets and infrastructure (i.e. software, branding)
- Increasing impact and possibilities by tapping into the resources of the whole ecosystem
- Enhancing collaboration between organisations
In this use case there are a many different ways that group members could receive funds in Cobudget. Sometimes it works like internal crowdfunding, which means that each group member can add their personal funds to the spending pot.
Each specific network needs to find the right solution to manage the money flows between entities in a legal and efficient way.