Testimonials

OpenAIR Accounts

  House of Fraser
  Civil Aviation Authority
  London Regional Transport
  London Borough of Lambeth
  BUPA
  Lend Lease UK
  Exel Trustees Ltd
  Schlumberger
  Safeway

'This is the first time in 25 years that a computer system has been able to produce SORP reports with the correct figures that do not require any subsequent manual changes'.

John Andrews, Accounts Manager
Civil Aviation Authority

'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 are very pleased to have installed OpenAIR Accounts and it has proved to be an enormously important resource for us. In making the decision to go with OpenAIR Accounts, we were looking to harmonise our separate pensions systems, minimise the administration of entering data and producing accounts; and at the same time enjoy better quality reports. 

OpenAIR Accounts met and fulfilled our expectations. In measuring the cost of OpenAIR Accounts, we came to the conclusion that the return on our initial investment has been and continues to be highly favourable. 

Another big plus point for us is the great advantage that OpenAIR Accounts automatically links into our investment program Shareholder. This allows us to pass market valuations straight into our financial accounts. Valuable time saved means that we are able to deal with other procedural issues.’

Harry Musisi, Treasury Manager
London Borough of Lambeth

'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

'We chose Euraplan's OpenAIR accounting system in 1999 because it was, so far as we were the only system dedicated to pension scheme accounts. 

Some of the main benefits we have obtained from the system include a ledger that has been designed to produce accounts conforming to pensions scheme legislation, particularly the Statement of Recommended Practice (SORP) and user friendly reporting; including all SORP notes, trail balance and bank reconciliation.

We would have no hesitation in recommending Euraplan and the OpenAIR accounting system to other pension funds.'  

Robin Roads, Pensions Accountant
Lend Lease UK Pension Scheme

'Starting a new scheme from scratch, I identified what I wanted from an accounting system, in particular simplicity and flexible management reporting. 

With the help of KPMG, a specification was drawn up and the OpenAIR system chose itself'

Malcolm Delahaye, Pensions Manager
Lend Lease UK Pension Scheme

'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

'We like the administrative flexibility of OpenAIR Accounts. 
It gives us great facility for day-to-day accounting and for producing our final, audited accounts.'  

Darren Prosser, Pensions Analyst
Schlumberger

'When it came to looking for an accounting system for the Safeway pension scheme, I wanted a supplier that understood my problems, that is they understood the world of pensions. I wanted a system that was specifically geared to pensions.

In a world where complexity was endemic, I wanted the peace of mind knowing that my accounting package was designed by pension experts for pension specialists. To my knowledge Euraplan was the only supplier that met this criteria.'