Testimonials

OpenAIR Accounts

House of Fraser
London Regional Transport
BUPA
Exel Trustees Ltd

‘OpenAIR Accounts is a vast improvement from our previous time-consuming manner of producing accounts through struggling with spreadsheets. OpenAIR Accounts was the obvious solution to meet our scheme's specific pensions accounts needs from control over payments to multiple users' access. The application has proven to be a valuable resource for both the scheme's accounting and the board of trustees'

'The London Regional Transport Pension Fund is a long-time user of Euraplan's Treasurer and Shareholder software and is in  the process of upgrading to OpenAIR Accounts and OpenAIR Investments. 

The fund values the straight forward approach to fund accounting adopted by Euraplan and the ability to generate SORP compliant accounts directly from the system is particularly valuable and may indeed be unique.

Also of great importance to us is the ability to monitor investments in-house and reconcile our data to our investment managers and our global custodians thus providing an audible triangulation of control all tied back to the underlying accounting records. 

The software is now enabling us to monitor and thus control transaction costs at a manager/broker and foreign exchange deal level.

We have considered standard accounting software but found OpenAIR Accounts offered a more wide ranging, more effective and cheaper solution, which avoided the need for scheme-specific tailoring.'

Chris Angell, Fund Secretary
London Regional Transport Pension Fund

'We chose the OpenAIR software to achieve a range of business critical success factors for the pensions department. 

Other reasons why this product was selected over other options include:

The best functional fit - 97% of business requirements
Strategic fit with BUPA's existing hardware and  
  architecture.
Cost and time reductions for external audits
Euraplan does the set-up of the account structure prior 
  implementation on site, hence the system can be used   
  from day one.

For instance, since its implementation in 2001, the OpenAIR system has enabled us to have one pensions accounting system in use which satisfies the external auditors and the Occupational Pensions Regulatory Authority (Opas).

Also, we have been able to reduce the cost of the external audit for 2001 compared to 2000, by reducing the length of time required to conduct the audit and by not exceeding the expected costs.'

Steve Dalton, IS Project Manager
BUPA

'OpenAIR Accounts has provided Exel plc with the modern technology needed in managing the accounting function of a £2 billion pension fund. 

Its flexibility, ease of use and functionality is far beyond the reach of other accounting systems. 

OpenAIR Accounts will also assist the Exel Pensions Department in improving the service to the pension scheme members, through the ability to integrate it with the Department's other systems.'

Jimmy Walker, Pensions Manager
Exel Trustees Ltd