Current Accounting Environment

1
Financial Software and Service Solutions for
Pension Providers
2
Why Choose Euraplan

• Our products and services are focused primarily
  at the financial aspects within the pension
  scheme.
•  
• Our offerings, whether products or services, are
  completely flexible and can be customised to meet
  the customers requirements ensuring that they do
  not pay for functionality that is not required.
•  
• Before recommending a product or tool we
  undertake an initiative to ensure that we
  understand current procedures and any problem
  areas that exist.
•  
• Having been in the UK pensions market for over 19
  years with a customer base of 150, any solution
  that we proposed has historical proof of
  providing a positive return on investments.  

3
Benefits of Euraplan

• Productivity
• Period end accounts at the touch of a button
• Investment accounting without keyboard entry
• Efficiency
• Pension Specific Solutions
• No lost money from investments
• Cost Effective
• Low-cost software
• All inclusive IMAS contracts
• Positive ROI

4
Euraplan Summary

• 150 customers
• 19 years in the UK pensions market
• 150 billion under protection
• 70 Local Authority market share
• Customised solutions
• Consistency from a supplier company
• Located in Victoria
• Long serving employees
• Expertise in financial, pension and software
  matters
• Satisfied customers references available

5
Products Services Overview
PRODUCTS
SERVICES

• Shareholder
• OpenAIR Investments
• OpenAIR Accounts
• OpenAIR TPA

• Investment Accounting
• Investment Monitoring
• Foreign Exchange Monitoring
• Transition Monitoring
• TradeShare

AUTOMATED DATA FEEDS

• Automatic interface with 65 Fund Managers
• Automatic interface with Custodians (4 and
  growing)
• Exshare information feed

6
OpenAIR 5 Step Approach
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Current Information Flow
Fund manager A / Fund manager B
Custodian
Payroll and Administration Information
Banking information BACS Bank Reconciliation
Accounting outsourced or performed on general GL
/ Spreadsheets
Trustee Reports
Accounting Reports/SORP
8
Common Problems with Current Processes

• Cost of outsourcing accounts / Cost of labour to
  produce accounts with non pensions specific
  products or procedures (general ledger,
  spreadsheets)
• Detailed monthly, quarterly, ad-hoc trustee
  reports are difficult to produce
• No centralisation of data
• Internal audits require verification steps in
  place on payment processes
• Cheque writing is often manual or by separate
  department
• Fund manager and custodian data taken verbatim
  no monitoring
• Not able to verify transactional information
• Checking on fund manager is left to auditors who
  take small sample of transactions at year-end
• Possibility exists to miss income from dividends,
  corporate actions and tax

9
Recommendations centered on OpenAIR

• Installation of OpenAIR Accounts
• OpenAIR Accounts will give you the ability to
  save outsourcing/labour fees, produce year-end
  accounts quickly, internally produce management
  and trustee reports, link separate systems to
  reduce manual information flow and comply with
  internal audit regulations.
• Installation of OpenAIR Investments or outsource
  to IMAS
• OpenAIR Investments is an easy-to-use robust
  investment system. It allows you to maintain
  historic investment data, monitor income and
  capital and create automatic postings to
  accounts, among other functions.
• This function can be run internally or outsource
  to IMAS department - you will gain the benefit of
  Euraplan's investment experience (over 17 years)
  and you will not have to worry about staff
  resources, knowledge base or IT maintenance. We
  currently have 20 long term clients using this
  service.
•  

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Information Flow Investments
Blue lines represent automatic information flows
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Information Flow Accounts
Blue lines represent automatic information flows
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Solutions

• Absolute control over all financial aspects of
  the scheme
• Automatic links mean less data entry saving time
  and effort of your staff
• Ability to monitor activity of fund managers and
  custodian
• Capital Trades, valuations
• Income Dividends, Corporate Actions and
  Recoverable Tax
• Transaction Costs
• Cash positions
• Security separating user authority decreases
  errors
• Better faster reporting rapid production on
  investment reconciliations (to the penny),
  manager and trustee reports
• Separation of payment controls
• Centralise data from separate systems
• Greatly enhances your ability to analyse
  information down to the trade and posting level
• High capacity for holding historic data
• Auditable reduction in audit fee

13
Average Costs

• OpenAIR Accounts
• Standard packages - all set-up, installation and
  training required.
• One time costs 3,900 12,900
• OpenAIR Investments
• Standard packages - all set-up, installation and
  training required.
• One time costs 7,900 24,900
• Outsource of investment accounting and monitoring
  to IMAS
• Customised solutions based on clients
  requirements. Prices between 3,900 60,000
• Prices are representative of averages and are not
  exact.
• Further information is required prior to giving
  any proposal.

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Fees Explanation

• First year costs include
• Consultation on specific requirements and
  customisation of data
• IT consulting to ensure proper integration with
  current systems and databases
• Euraplan staff time to upload user specific
  information
• Training
• Installation
• Automatic interfaces additional interfaces
  billed at 1,100 each
• Multi user licence additional licences
  purchased for 1,000 each
• Travel within Great Britain will be incurred at
  the expense of Euraplan, travel outside this
  area billed separately to customer
• Ongoing yearly fees include
• Licensing
• Support
• Maintenance
• Upgrades to include governance, compliance and
  technology

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OpenAIR Clients include

• London Regional Transport
• BUPA
• Civil Aviation Authority
• Boots
• Accenture
• Trafalgar House
• Barnardos
• Cadbury
• Mitchells and Butlers
• United Biscuits

• House of Fraser
• Ocean
• BOC
• Exel
• DS Smith Pensions
• Dorset CC
• Chubb
• DeGussa
• Mott McDonald
• Telegraph Media Group

• Lincolnshire CC
• Lafarge Redland
• Michelin Tyre Plc
• Eircom
• EDF Energy
• 1st Actuarial plc
• Imerys
• Mitchell Consulting
• NEC
• Stagecoach

Plus over 120 customers using other products and
services
16
Contacts

• Email sales_at_euraplan.co.uk
• Euraplan Ltd,
• 2nd Floor,
• 55a Catherine Place,
• London
• SW1E 6DY
• Telephone [phone]