Danish Skoleskak, Aarhus Festival, ARoS, and DGI. Each of these organisations have benefited from large donations through the Spar Nord Foundation. Since 2016, donations from the Spar Nord Foundation have grown significantly to 30 million annually, benefiting and delighting communities throughout Denmark. But this growth comes with a vast amount of administration and paperwork.
In 2015 alone, Spar Nord Foundation received approximately 2,000 grant applications, which required significant administrative time and resources to handle. The foundation has a de-centralised structure that employs a local bank committee for application examination, and more than 250 users log into OpenFlow as part of this application process. To facilitate high daily application volumes, the Spar Nord Foundation redesigned its workflow and, in 2016, they were able to handle an even greater volume of applications – all through the Openflow platform.
We now have a single application process that is more organised and offers a high-level overview
Openflow’s newest version provides the Spar Nord Foundation with automated digital application processing, providing administrators with the ability to share donations across multiple banks while expanding their data export capabilities. Users also enjoy a much simpler and more intuitive submission process, which includes helpful automated replies and an audit trail.
Fund director Steffen Nørgaard from Spar Nord Foundation said: "We now have a single application process that is more organised and offers a high-level overview - both in terms of who the candidates are and where they stand in application consideration up through grant reception or refusal. Openflow’s new features are just what we have been looking forward to and we are excited to put them in practice within our organisation."
About Spar Nord Foundation
Spar Nord Foundation is Spar Nord Bank's largest shareholder. The Foundation's funding is derived through stock dividends. Donations are granted for worthy ideas - big and small – with proceeds distributed to associations and research organisations to benefit a range of social and cultural issues.
We now have a unified application process that is more organised and provides an overview of each application phase – both in regard of who the applicants are and the entire processing of the application up to the receipt or refusal of the grant. It also facilitates a better and more efficient workflow.
Spar Nord Fonden