Refit and the Insolvency Practitioner Agenda

1
Refit and the Insolvency Practitioner - Agenda

• Objective of this session
• Refit background
• IP on-line services
• Account amendments
• Statements/Queries
• Payment request
• Transfers
• Investment Requests
• Bank Giro Credits
• Notifications
• Other services
• Access control system

2
Refit and the Insolvency Practitioner Session
objective

• Information update on what is being done and
  where we are up to
• Proposed functionality overview of what we
  believe the new system must provide to you
• Feedback ensure that what we are proposing is
• Correct
• Complete
• Appropriate

3
Refit and the Insolvency Practitioner Background

• Objective
• Replace existing Financial systems by 01/04/2004
• Progress
• Business process analysis done
• Requirements analysis underway completed
  04/2002
• Product evaluation underway initial analysis
  04/2002
• Next steps
• Choose products
• Package
• Bespoke
• Combination
• Analyse requirements
• Design
• Build
• Test
• Train
• Implement
• Other activities
• Data clean up

4
Refit and the Insolvency Practitioner Project
Scope
IPs
Simple Facilitated
Internet
Access
Interfaces
Case
Nominal Ledger
Management
Financial System
Estate Management
Insolvency Service Account (ISA)
CAU
Insolvency Service Investment
Account (ISIA)
NILO
Government Stocks
5
Refit and the Insolvency Practitioner - IP
on-line services
IP
Service request
IP On-line services
Copy of estate data
On line message service
Daily estate refresh
Transmit on-line request
Refit Message queue
Notification
Refit
Estate data
Validate and Process request
6
Refit and the Insolvency Practitioner - IP
on-line services

• Account amendments
• Change static details
• Open/Re-open Suspense account
• Open/Re-open Voluntary main account
• Change interest bearing status

7
Refit and the Insolvency Practitioner - IP
on-line services

• Statements/queries
• On line queries
• What-if options
• Interest breakdowns
• Investment details
• Downloadable estate information

8
Refit and the Insolvency Practitioner - IP
on-line services

• Payment requests
• Selectable payment types
• Selectable payment methods
• Cheque
• BACS
• Chaps
• Multiple currencies

9
Refit and the Insolvency Practitioner - IP
on-line services

• Transfers
• Move funds between Estate Accounts
• Move funds between owned estates

10
Refit and the Insolvency Practitioner - IP
on-line services

• Investment requests
• Select account
• Select amount or maximum
• Select investment type

11
Refit and the Insolvency Practitioner - IP
on-line services

• Bank Giro Credits
• Receipts will be managed via the bank account
  need to record and manage Band Giro Credit
  numbers
• Pre-printed
• Print on demand
• Manual completion

12
Refit and the Insolvency Practitioner - IP
on-line services

• Notification sub system
• Email what addresses ?
• Fax
• Letter
• On-line

13
Refit and the Insolvency Practitioner Other IP
services

• Other services
• Dividend calculation and payment
• Electronic load of payee details
• Electronic load of creditor addresses
• Dividend mailing

14
Refit and the Insolvency Practitioner - Security

• Copy DB as opposed to direct access
• Authorisation of on-line requests
• Access control
• IP level
• Cashier Level
• Enquiry level
• Password management
• IP level IS
• Sub levels IP
• System security - Responsibility of IS
• Secure data
• Secure messaging