Financial Operations

IEEE offers many resources for financial tools and services. Learn more about:

 

Concentration Banking Program

The Concentration Banking Program offers IEEE organizational units and conferences a bank account with no monthly fees, unlimited check writing privileges, and no minimum balance requirements.  The unit or conference treasurer controls the account activity by writing checks and making deposits.  Each treasurer receives their own checkbook and sends their deposits directly to the bank.

Learn more about the IEEE Concentration Banking Program on IEEE.org

Internal Audit Services

The IEEE Operations Audit Department is prepared to audit your GeoUnit and/or conference financial statements and provide you an excellent rate for this service. GeoUnits and/or conferences with budgeted/actual revenues/expenses of US$250,000 or more are required to have an audit of their financial statements by a professional independent outside source. GeoUnits and/or conferences with revenues of less than US$250,000 will be audited on a rotational basis. In either case, the audit must be pre-approved by the IEEE Audit Department.  

If you have any suggestions, concerns, or questions for the department please send an email to:  ops-audit@ieee.org.   

 

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Contract assistance

If your section or chapter is planning a major meeting or conference which involves a contract with a hotel for sleeping rooms, function space, and meals, take advantage of the expertise available at IEEE.

Your contract will be reviewed for items which might increase your section's liability beyond an acceptable level (e.g., Did you commit to too large a room block?  Is your guarantee for food and beverage realistic?  Are the penalties the hotel can impose fair?).  A knowledgeable review can save your section from potential problems.

Contracts in excess of US$25,000 must be reviewed by the IEEE Procurement Department.  IEEE units may negotiate contracts with a value of US$25,000 or above, but should not give final approval or "execute" contracts.  Visit IEEE Contract Management for more information. 

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IEEE Member Discounts

IEEE members can take advantage of exclusive and discounted pricing on insurance and a variety of products and services (where available) that can add up to substantial savings. This program is offered exclusively to active IEEE members. Members can learn more about the geographic availability of certain member discounts and insurance in the IEEE Sponsored Discount FAQs.

These benefits are so competitive that it is worth being an IEEE member just to have access to them.  The program should be featured in any membership development project your section undertakes.

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Section Rebate Program

This program provides added incentive for sections to submit required reporting in a timely manner by offering substantial financial rebates.

Eligibility for benefits – which include an annual allowance, per capita membership rebates, chapter rebates, affinity group rebates, subsection rebates, activity bonus, and a ten percent bonus for reporting by the February deadline – is based on officer, financial, and meeting activity reporting.

Learn more about IEEE Geographic Unit Required Reporting and Rebates

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Society Chapter Funding Guide

The Society Chapter Funding Guide details the dissemination of available funds and other support from the technical societies for their chapters.  The information comes directly from the societies, and is intended to provide a general idea of each society's support and application of funding, speakers programs, travel subsidy, etc...

E-mail the IEEE Technical Activities Society Chapter Coordinator for additional information on any societies’ activities.

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IEEE Travel Services

IEEE Travel Services is available to you 24 hours a day, 7 days a week.

IEEE Travel goes the extra miles for you.  Backed by the buying power of IEEE, IEEE Travel Services has exclusive rates with preferred vendors, including:

  • Continental;
  • United;
  • American Airlines;
  • Avis;
  • Budget;
  • Enterprise;
  • Hertz Rental Cars.
The travel team also offers substantial benefits with other carriers and discounts off hotels worldwide.

They offer an online booking option, 24 hours a day, 7 days a week, so you can search availability, pricing, select your seat, and complete your booking without ever placing a call.  A detailed itinerary summarizing your purchase will be sent to you within 24 hours of booking.

Other services available through IEEE Travel are Visa and Passport Service, Travel Protection Insurance, Internet Fare Searches, and much more.  To obtain your member discounts, travel arrangements must be made through IEEE Travel Services.

In most cases, IEEE Travel Services beats prices available through other services.  Find out how they can help you get where you need to be.

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