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Eircom plc
Bath & North East
Somerset Council
London Regional
Transport
'The fund decided
to implement OpenAIR Investments so as to have greater visibility
over its assets under management outside the normal Fund Manager and
Custodian reports.
The fund also implemented OpenAIR
Accounts which takes its feeds from OpenAIR Investments and it was
decided that both would be necessary in order to achieve greater
control over the financial aspects of the fund.'
Gerald McGowan,
Accountant
Eircom plc
'The Avon Pension Fund decided
to utilise OpenAIR Investments because the
electronic data input means that we can operate the system at an
acceptable resource level. The accounting structure can be
customised to our own requirements, we can also monitor income and
foreign exchange on a comprehensive basis.'
Tony Worth,
Investment Officer
Bath and North East Somerset Council
'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
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