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.
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
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