EKIP - ALB

Transcription

EKIP - ALB

LEASING & CREDIT FINANCE
EKIP
pan-European
standard software
September 20th 2005
Bucharest
AGENDA
Presentation and today‘s goal
LINEDATA SERVICES, the company
Leasing & Credit Finance, the business unit
EKIP, the pan-European standard software solution
EKIP, core functionality
EKIP, contract lifecycle
EKIP, services
Conclusion and next steps
Copyright © 2005 Linedata Services
September 2005 - 2
AGENDA
EKIP, services
September 2005 - 3
LINEDATA SERVICES,
global leader in financial IT services
Software
Leasing &
Credit Finance
Insurance &
Savings
Asset
Management
Systems
integration
Processing
services
ASP (Application Service Provider)
September 2005 - 4
LINEDATA SERVICES, promoting strong growth
Listed on the Paris Stock Exchange since 2001
698 employees end 2004
Offices in 6 countries : France (HQ), UK, USA, Luxembourg, Germany, Tunisia
Operating profit above 15%
Long-term relationships with more than 350 clients in 5 continents
37 % of revenues outside France
65% of revenues ‘recurrent’
September 2005 - 5
LINEDATA SERVICES, revenues
Million EUROS
September 2005 - 6
LINEDATA SERVICES, shareholders 31.12.2004,
a strong industrial basis
September 2005 - 7
AGENDA
EKIP, services
September 2005 - 8
Leasing & Credit Finance,
EKIP covers all main financing sectors
September 2005 - 9
AGENDA
EKIP, services
September 2005 - 10
EKIP, international presence
Over 70 references in 17 countries, offices in 4 countries
Andorra
Austria
Belgium
Czech Republic
Cyprus
France
Germany
Hungary
Italy
Morocco
Poland
Portugal
Spain
Switzerland
The Netherlands
Tunisia
United Kingdom
September 2005 - 11
EKIP, more than 70 prestigious references
September 2005 - 12
EKIP, the pan-European partner
Bank Austria Creditanstalt
Leasing
Austria and …
BNP – Paribas
France: CMV Mediforce,
Cofiparc
ING Lease
France, The Netherlands,
Poland, Czech Republic,
Spain, Hungary, Belgium,
Romania, Russia and
Germany
KBC Lease
Tunisia: UTL
Belgium, France, the
Morocco: BMCI leasing
Netherlands, Switzerland, UK
Crédit Agricole - Crédit Lyonnais
France: Ucabail, Ucalease,
and Italy
Peugeot Citroën
Lixxbail, Etica, Unimer, Unimat,
Portugal, France (Credipar),
CBFI
UK, Germany, Austria,
Poland: Lukas Bank
Germany: CreditPlus Bank
Morocco: Wafasalaf
GE Consumer Finance
France: GE Money Bank
Italy: GE Capital Servizi
Switzerland, Italy and Spain
Société Générale
France: CGI, Franfinance
Switzerland : Franfinance
Toyota Financial Services
France and Spain
Finanziari
September 2005 - 13
EKIP, the multi-asset finance & lease partner
means of transport
machinery and equipment
motorcycles
forklifts
farm equipment
medical equipment
IT equipment
real estate…
September 2005 - 14
EKIP, the vehicle finance & lease partner
Bank of Cyprus
Cetelem Cofiparc
Crédit Agricole
Creditplus Bank, Ucalease,
Unicar
Crédit Lyonnais
Slibailautos
GE Capital Bank
GE Capital Bank France
GE Capital Servizi Finanziari
DOM TOM
Switzerland
Peugeot Citroën
Credipar, Portugal, UK,
Germany, Austria,
Switzerland
Italy, Spain, Benelux,
Brasil
ING Lease
KBC Lease
John Deere Credit SAS
Société Générale
ALD (Interleasing)
CGI
Franfinance FAE
Toyota Financial Services
TFS ES (Spain)
TFS F (France)
Volkswagen Finance
September 2005 - 15
EKIP, multi-country reference projects
ING Lease / EKIP partnership since 1995; France first
“Step by step policy” & “Preferred software”
Multi-country roll out project started in 1997
Medium to big ticket equipment and real estate leasing
EKIP is used in the Front-, middle- and back-office for
volumes from some hundred to 30 000 life contracts
Skill Centre and Base Model approach – ING now EKIP ‘experts’
Hardware centralised in The Netherlands for all countries
Highly focused on maintaining an EKIP standard system
6 countries, FR, NL, PL, CZ, ES and HU now installed and live; 2 projects ongoing
for RO and BE, and 2 planned for DE and RU; the target is full European roll out
across all business lines
EKIP Licence is world-wide and covers all financial products
ING Lease now virtually self sufficient in installing standard EKIP
ING Lease is going to deploy car leasing with EKIP in “new” CEE countries
September 2005 - 16
Testimony of ING Lease Poland
« Dear All,
I am greatly honoured to inform you that the upgrade to EKIP V5.3 for ING Lease
Poland has been successfully finished. This means that starting from 1st of June
2004 ING Lease Poland is "in production" with EKIP V5.3 and works only on this
EKIP application.
Tomasz Mazurkiewicz, the local project leader, and I, we would like to thank the
whole project team and all colleagues, who have help us to reach this great
success, for your involvement, effort and pleasant co-operation during this project.
Thank you very much!
Kind regards, »
Grazyna Chrust
September 2005 - 17
Peugeot Citroën / EKIP partnership since 1997; Portugal first
“Roll out”
Allocated and non-allocated credit, hire purchase (UK), balloon,
operating and finance lease, full service leasing and fleet
management (ongoing); all products possible with services:
insurances, maintenance, cards, …
EKIP is used in the middle and back office; for 50 000 (Portugal) to
1 800 000 life contracts (France) and by 40 to 600 users per site
Skill Centre and Base Model approach; Peugeot now EKIP ‘experts’
Hardware centralised in France for all countries
Peugeot develops its own bespoke programs using EKIP-DTK
6 countries now installed, PT, FR, UK, DE, AT and CH; 3 countries in
one and the same EKIP database; 2 projects ongoing for IT and ES;
the current target is 14 EMEA countries
EKIP Licence is world wide and covers all financial products
Peugeot now virtually self sufficient in installing EKIP
September 2005 - 18
Testimony of Claude Casal, PSA Bank
«PSA Peugeot Citroën’s IT strategy is based on an off-theshelf software package, EKIP, for finance management
(from consumer credit to long-term rental) deployed via
an internal support center.
Our relationship dates from 1996.
Now France, Portugal, the UK, Germany, Austria and
Switzerland use Ekip to manage their finance contracts
and we will be extending its international deployment in
the next few months to Spain and Italy.
The international deployment of Ekip confirms PSA
Peugeot Citroën’s loyalty to Linedata Services’ IT
solutions.»
September 2005 - 19
KBC Lease / EKIP partnership since 1996, France first
“Step by step policy”
“Preferred software”
Skill Centre and Base Model approach – KBC now EKIP ‘experts’
Highly focused on maintaining an EKIP standard system
3 countries, F, B, NL installed and live; 2 in project for CH and UK; 1 planned IT;
the target is full European roll out across all business lines
EKIP Licence is world-wide and covers all financial products
KBC and LDS are planning to roll-out EKIP in the CEE countries
September 2005 - 20
Testimony of Mr Marc De Waele General Manager of KBC Lease Belgium
« KBC Lease was created through the merger of two Belgian banks in 1998. To
manage its subsequent growth, the new company needed to improve its data
processing systems. In EKIP, KBC Lease found the ideal solution.
This choice was all the more appropriate given that the French subsidiary of KBC
Lease in Lyons had already been using EKIP applications for a long time and was
proud to be one of the first users of this application.
The nine-month installation project in Belgium in 2000 and the euro-conversion
projects in 2001 highlighted the professionalism of the EKIP support teams.
Drawing on these strong ties, KBC Lease confirmed its confidence in EKIP by
basing its international IT strategy on EKIP software packages.
KBC Lease Paris teamed up with EKIP at the end of 2002. This partnership will be
extended to KBC Lease Netherlands at the end of 2003. In addition, the new EKIP
Graphical User Interface will allow us not only to improve our information system
but will create new market opportunities (real estate leasing, web portal).
KBC Lease and Linedata Services: a winning combination. »
September 2005 - 21
EKIP, partnerships
Partnerships with market leaders
Integration (Accenture, IBM, …)
Technology (AtosOrigin, IBM, Oracle)
Complementary software editors (Business Objects, Experian,
Hyperion Solutions)
Professional associations (Leaseurope/Eurofinas, BDL,
Asnef,…)
September 2005 - 22
AGENDA
EKIP, services
September 2005 - 23
EKIP, a multi dimensional core product
Multi-language
Multi-country
Multi-company
Multi-financial scales
Multi-element, multi-asset
and multi-item
Multi-currency
EKIP
Core
Multi-product
Multi-relational
September 2005 - 24
EKIP, a complete range of financial products
Floor plan
Dealer funding
Stock
Stock
Financing
Financing
Personal loans
Balloon credit
Hire purchase
Operating leasing
Instalment
Instalment
Loan
Loan
Revolving
Revolving
Credit
Credit
EKIP
Core
Leasing
Leasing
Financial leasing
Equipment leasing
Real estate leasing
Full
Full
Service
Service
With card(s)
Long term rental
Without card
Fleet management
Multi account
September 2005 - 25
EKIP, a complete range of services
Personal / Credit insurance
(death, disability, unemployment)
Asset / Vehicle insurance
Insurance
Insurance
Replacement
Tyre management
Car tax
Instalment
Loan
Leasing
EKIP
Core
Revolving
Credit
Full Service
Others
Others
Repair
Maintenance
Maintenance
Stock
Financing
Administrative
costs
Administrative
services …
Cards
Cards
Oil card
Revolving card
Services card
September 2005 - 26
EKIP, all distribution channels
Insurance
Call centre
Maintenance
DirectSales
Sales
Direct
Web Portal
Instalment
Loan
EKIP
Core
Revolving
Leasing
Full Service
Others
Branches
IndirectSales
Sales
Indirect
Stock
financing
Partner Point
of sales
Partner Web
Portal
Cards
September 2005 - 27
EKIP, front to back approach
Core Functions
Functions
Core
User approach: user profile definition
Front
Front
Office
Office
Middle
Middle
Office
Office
Back
Back
Office
Office
Access right
Agenda fed by the workflow
Delegation
Workflow
Business process presence in EKIP
Guide and distribute activities and events to be
managed by a user
Task supervision
Accounting audit trail (upward and downward)
Efficiency
By focusing on added value activities
By business process homogenization
Events traceability
Process securitisation
September 2005 - 28
EKIP for the front office,
a flexible approach based on customer needs
Core Functions
Functions
Core
Integrated Front Office functions
1
2
3
Front Office
Middle
Middle
Office
Office
Existing screens for origination
management
Simple and rapid implementation
Dedicated Front Office Solution:
2
EKIP Portal
Customised Front end solution
Back
Back
Office
Office
Flexibility
Security
Multi channel
Interface with your existing
Front End
1
3
September 2005 - 29
EKIP coverage, “RETAIL” approach
Intranet PMS
Middle
Back
POS/PMS
Retail Web Dealer
Underwriting
Supplying
Invoicing
After sales
Collection
Early termination
Bad debt
Normal termination
Workflow
Front
Payment
Ekip Core
Ekip Portal
Accounting
September 2005 - 30
EKIP coverage, “WHOLESALE” approach
CMS
Wholesale
Web Dealer
Front
Back
Workflow
Dealer CM
Middle
Payment
Ekip Core
Ekip Portal
Invoicing
After sales
Collection
Early termination
Bad debt
Normal termination
Accounting
September 2005 - 31
EKIP, standard technologies
3-tier architecture (database, application server, client)
UNIX / LINUX
Standard Oracle since 1986
9i - Forms 6i
Thin Client
XML - JAVA
MS-Word (template creation)
BusinessObjects
SQR
September 2005 - 32
EKIP, thin client architecture
EKIP server
http/TCPIP
SQL*NET
Oracle database
EKIP batch server
Application server
IAS
Network printer
SQL*NET
TCP/IP Network
September 2005 - 33
EKIP-API, technical architecture
EKIP-API
External EKIP
modules or
applications
Technical
Layer
Business orientated
services
EKIP
Ekip
EKIP-PORTAL
JAVA
connector
Data update
(Data control
& Business
Rules)
System A
System B
DLL
(Microsoft)
XML
Connector
(MQ Series)
Reporting
Private APIs
(Data
integration)
PL/SQL
Data
extraction
(Business
view)
Database
Oracle
September 2005 - 34
EKIP-API, functional environment
September 2005 - 35
EKIP, high scalability
Bench 9IAS: simulation of 200 to 400 concurrent users (June 2002)
In the IBM test center at Corbeilles Essonnes
6 processor machine, entry level server IBM P620 series
Sub 2 second responses – system not at capacity limit (data also available for Linux)
Bench batch server: invoice run for 5 million contracts (March 2003)
In the IBM European Skill Center at Montpellier
10 million customers and 5 million “simple” contracts portfolio, duration 24 months
(20%) : invoicing, direct debiting, creation of accounting entries
On 8 processor machine, entry level IBM P690 Regatta, run completed in 03h48; on
16 processors run completed in 02h30
Bench batch server: full daily cycle for 1,5 million contracts (June 2003)
In the IBM European Skill Center at Montpellier
1,5 million “complex” portfolio with services; complete daily run (70 batches)
On 8 processor machine, entry level IBM P690 Regatta, run completed in 03h50
September 2005 - 36
AGENDA
EKIP, services
September 2005 - 37
EKIP, third parties database
All involved third parties in a single
database such as :
Third party
Person / Company
Customers
Suppliers of asset
Suppliers of services (insurance,
maintenance, ...)
Addresses
Bank accounts
Dealers
...
Roles
Normalised access to research third party
Independent identification number
Conditions linked
to the role
Specifics per country
Language of the third party
Links with other third parties
Dealer network hierarchy
Adress
Bank account
Securities
Administrative management on customer
September 2005 - 38
EKIP, sales network structure
Network A
Network A
Branch 1
Branch 1
+ Salespersons
+ Salespersons
Agency 1
Agency 1
+ Salespersons
+ Salespersons
Network B
Network B
Branch 2
Branch 2
+ Salespersons
+ Salespersons
Agency 2
Agency 2
+ Salespersons
+ Salespersons
Agency 2.1
Agency 2.1
+ Salespersons
+ Salespersons
Agency 3
Agency 3
+ Salespersons
+ Salespersons
Agency 2.2
Agency 2.2
+ Salespersons
+ Salespersons
Hierarchical network organisation
Geographical approach
per network
globally
Branch 4
Branch 4
+ Salespersons
+ Salespersons
Branch 3
Branch 3
+ Salespersons
+ Salespersons
Agency 4
Agency 4
+ Salespersons
+ Salespersons
Agency 4.1
Agency 4.1
+ Salespersons
+ Salespersons
Branch 5
Branch 5
+ Salespersons
+ Salespersons
Agency 5
Agency 5
+ Salespersons
+ Salespersons
Agency 4.2
Agency 4.2
+ Salespersons
+ Salespersons
Agency 6
Agency 6
+ Salespersons
+ Salespersons
Agency 6.1
Agency 6.1
+ Salespersons
+ Salespersons
For financial institution, risk management
Per network (internal, external)
Per entity (branch, agency, point of sale)
Per geographical area
For financial institution and for their
business partners, detailed sales follow up
September 2005 - 39
EKIP, customer hierarchy structure,
fleet management
September 2005 - 40
EKIP, credit lines management
For a third party or group of thirds
A line or multiple credit lines for a third or a group of thirds
Different possible calculation bases
Investment amounts, outstanding capitals, RV …
According to criteria
Date, contract category …
Workflow management
Credit line agreement management
User agenda
Parametrisable statuses to follow the agreement process
Real time position on screen to visualise the “rest amount to be used”
September 2005 - 41
EKIP, commercial phase
Creation of commercial proposals to customer
One proposal means several quotations with different contract categories
A quotation can be built with a financial scale or create with details
A quotation is based on the calculation engine which includes instalment,
services, participations, fees…
User agenda via the workflow
Creation of the contract from the proposal
September 2005 - 42
EKIP, financial referential
Unique calculation tool
For free quotations
Create financial scales with services
Used in EKIP-Portal
Used in the contract creation phase
Used in the contract modification phase
Open Calculation
Multi-step, rate, term, duration, outstanding redemption
Financial plan : constant, linear, seasonal, in fine, increased first rental and n
lower rentals, 50/50, with balloon, with grace period of capital or rental
Services (insurance, maintenance, replacement…)
Delayed payment to supplier
Participation (dealers, car manufacturers…)
Floating rate, indexation
Margin analysis (APR, IRR, Gross and net margin)
September 2005 - 43
EKIP, floating rate and indexation
Floating rate : 3 main methods
1 - Every single instalment interest part is recalculated
2 – Rate reviewing, for a set of future instalments, the interest part is
recalculated and adjustment is included in the next instalment
3 – Rate regularisation, for a set of previously invoiced instalments, the
interest part is recalculated (when the value to be applied is unknown at
the invoicing date: we have to wait until the relevant value is published;
and then apply the calculation which gives the difference between interest
already invoiced and that newly calculated)
Indexation
Rental is globally updated according to indexes (e.g. cost live index)
September 2005 - 44
EKIP, calculation engine
September 2005 - 45
EKIP, financial scales
Using the EKIP standard calculation engine
Dedicated for Marketing Manager defining « Product offer types »
Double structure with “commercial” and “financial” scales structure
Application conditions
Name and type easily and rapidly new products
Manage promotions; availability from date to date
Manage currency
September 2005 - 46
EKIP, commission schemes
Commission schemes
Commission per contract
Commission schemes
Third
Party
Dealer
Financial
Scales
Flat or split during a duration
Based on a fixed amount or on a
calculation
With applicable conditions (period,
contract category …)
Financial Scales
Linked with a commission scheme
Contract level
Many possible dealers
Contract
Many possible commission schemes
Calculation
Back office processes :
Dealer invoices – Payments – Posting entries
Dealer payment schedule
September 2005 - 47
EKIP, services management
Customer service
definition / conditions
The customer service is dissociated to the supplier service
counterpart.
A customer service may have many suppliers services.
The difference between a customer service and a supplier
service is the margin.
Supplier service (s)
definition / conditions
Customer
Service can be linked to financing or operated separately
Financial Company
Supplier
Payment to supplier upfront
before invoicing the customer
Payment to supplier after each invoice
Payment to supplier after payment from
customer
September 2005 - 48
EKIP, services and after sales
Financial Company
Customer
Supplier
Flow to be re-invoiced
“Open book”
Additional fees
Subscription to customer and receipt of customer
consumption.
Regularisation.
Creation / modification / termination / cancellation are possible during the
service contract life time.
A creation / modification / termination / cancellation action is operated through a
proposal process managed by the workflow :
Specific process for each of them
Letters
Checks
Authorization
September 2005 - 49
EKIP, asset to finance
Three ways to describe a asset :
Manual
Using a catalogue
Describing items
Many lines to describe the asset price
Many orders for an asset
Order in a different currency from the local one
Splitting of an asset
Securities on asset
September 2005 - 50
EKIP, guarantees
Types of guarantees are set-up
Personal guarantees
Third
Guarantees related to the asset
…
Workflow manages the guarantee life cycle
Underwriting
Checks
Documents
Guarantees conditions
Third parties involved
Addresses
Duration
Guarantees
Guarantees related to the contract
Contract
Leasing
Financial
Conditions
and
Services
Asset
Financial conditions
September 2005 - 51
EKIP, contract
Creation through the commercial phase or directly in this module
Different screens according to business requirements :
Credit
Equipment Leasing
Real estate leasing
Operating Lease
Full service leasing
Buy back agreement
Syndication
Guarantees on contracts
Multi-currency contracts
Score
On the contract level, possibility to distinguish the client from the payer
September 2005 - 52
EKIP contract type A :
1 contract, 1 asset
1
0
1
1
contract
or 1 instalment schedule
or n services
asset
RV is managed at the element level
Third
Third data base
Contract
Leasing
Contract
Financial
Conditions
and
Services
Asset
Instalment
Element
Services
Asset
September 2005 - 53
EKIP contract type B :
1 contract, n assets
1
1
1
n
contract
instalment schedule
or n services
assets
RV is managed at the element level
Third
Third data base
Contract
Leasing
Contract
Financial
Conditions
and
Services
Asset
Instalment
Element
Asset
Services
Asset …
September 2005 - 54
EKIP contract type C :
1 contract, n plans, n assets
1
n
1
n
contract
instalment schedules
or n services
assets
Third database
Contract
Instalment
Instalment
RV is managed
at the element level
Element
Asset
Element …
Services
Asset …
Asset
Services
Asset …
September 2005 - 55
EKIP contract type D :
real estate leasing
1
n
1
n
contract
instalment schedules
or n services
assets
Conditions
Third database
Real estate leasing contract
Element
Pre
financing
Land
Instalment
Element
Services
Notary Fees Construction
Asset …
September 2005 - 56
EKIP, contract structure
September 2005 - 57
EKIP, follow-up of each object
Status
Guarantees
Status are free set-up
Status are evolving with the workflow
Status are saved to produce audit trail reports
Third database
Contract
Instalment
Element
Services
Asset
September 2005 - 58
EKIP workflow, main characteristics
Main targets
Available in all the steps of contract management
Insert customer procedures using criteria
Automate
Guide and distribute activities and events to be managed by a user
Personalise the user environment
Productivity checks (who, when, why, who does enforce ...)
Agendas
User agenda (or pool of users agenda)
Contract agenda
Supervisor agenda
September 2005 - 59
EKIP workflow, structure
How??
How
Which
Which
Criteria??
Criteria
Why??
Why
Towhom
whom??
To
AA cc tt ii vv ii tt yy
ProcedureAA
Procedure
ProcedureBB
Procedure
Internal
Internal
And
And
External
External
Events
Events
ProcedureCC
Procedure
ProcedureFF
Procedure
Events
Events
ProcedureDD
Procedure
ProcedureEE
Procedure
ProcedureGG
Procedure
September 2005 - 60
EKIP workflow, what are the events ?
Actions
Send a document (according to the third party language)
Send an internal message
Wait for a response (check on awaited document)
Reminder for a requested document
Create fees
Call screens from the menu
Insert notes
Modify statuses
Controls
Display and re-print a document
Check completeness and quality of data
Cancellation management
Event can be the «why» of a new activity
September 2005 - 61
EKIP workflow
Constraints
Constraints
Action
Action
to
undertake
to undertake
Consequences
Consequences
September 2005 - 62
EKIP, invoicing
Invoicing instalments
Instalment
Services (Insurances, maintenance...)
Management fees
Re-invoicing charges
Different invoice models
Grouping of invoices
Payment to broker, guarantees ...
September 2005 - 63
EKIP, payments
Payments by customers (payers)
Direct debits,
Manual payments (cheques, transfer ...) with automatic lettering
Printing
Allocation to profit and loss
Rejection
New direct debit
Over payment management
Lettering of the first rental with the supplier payment
Manual lettering
Payment to supplier
Payment to dealer, guarantors...
September 2005 - 64
EKIP, modifications
Modifications on the third party
Modification of financial conditions
(Rate, periodicity, duration, extension, reduction of capital ...)
WORKFLOW
(Names, addresses, Bank accounts ...)
Proposal
Reservation
Validation
Modification of services
(Addition, modification, cancellation ...)
Transfer of customer and transfer of currency
Contract data are
changed
Mass Modification
All modifications can be undertaken in arrears
and it is possible to cancel them
September 2005 - 65
EKIP, termination
Normal termination (RV, normal end ...)
Early termination (Global Purchase option or partial ...)
Management of off-lease asset
All modifications can be undertaken in arrears
and it is possible to cancel them
September 2005 - 66
EKIP, unpaid management
Detection of unpaid amounts
Score of the situation
Reminder letters through the workflow
Flows due to unpaid amounts
Penalties
Fees
new direct debit with fees
With or without creating the accounting entries
Call to guarantors
Provisions on unpaid amounts
Rescheduling payment
September 2005 - 67
EKIP, bad debt & damages
Bad debt management
Bad debt amount calculation
Selling the financed asset
Write off
Workflow management
Damages
Damage to person or asset
Declaration of damage
Payment of rental by the Insurer
Workflow management
September 2005 - 68
EKIP, Basel II, principles
Additional static data & criteria (90 days past due calculation …)
Events detection for dynamic data
Default events set up and configuration (capital + interest + others)
Entry and exit from default situation
Basel II management and overview screens
Daily dynamic data calculation and storage
On a contract level
Detection, calculation and management of default events
Specific Basel II status
Basel II EKIP data closing (periodically / monthly)
Calculations on global portfolio (potentially), not only those in default
Possibility to exclude contracts via free contract status set up
All data stored and available for data extraction
September 2005 - 69
EKIP, auxiliary accounting
Multiple accounting schemes managed in parallel (social, financial, IFRS)
To transform automatically all management flows into accounting flows
External (customer invoices, credit notes...)
Funding (payments ...)
Lettering
Stocks (Enforcement...)
Inventory (cut-off, allowances...)
Integrated auxiliary accounting
Periodical situation calculating provisions, exchange rate
Periodical closing operations (balances)
Audit trail (up and down)
Interface with a local general accounting tool
September 2005 - 70
EKIP, accounting principles
Events
Accounting
profiles
Accounts
Ledgers
Auxiliary accounting
General Ledger Tool
September 2005 - 71
EKIP, asset depreciation
Reducing balance method
with capital allowances
= MIN ( 16000 × 25% ×
174
; 3000 )
365
EKIP is able, at the moment, to
manage about 20 depreciation
rules for 17 countries
As an example: for UK we
developed 4 depreciation rules:
= MIN ( 14093,15× 25% ; 3000 )
- straight line method with
capital allowances
Straight line method with capital
= MIN ( 16000 × 25% ; 3000 )
allowances
- reducing balance method with
capital allowances
-straight line method without
capital allowances
-reducing balance method
without capital allowances
= MIN ( 13000 × 25% ; 3000 )
September 2005 - 72
EKIP, IFRS focus
External
flows
Based on
Already present information such as initial
amount, commissions, fees, rental …
External flows coming in such as initial direct
cost
With new concepts
Fair value
Market value or none market value
Effective Interest Rate or implicit rate
Re-evaluation of the fair value during the
contract life (depreciation of the residual value)
IAS Calculation
IAS Closing
Auxiliary accounting
Producing
Accounting based on stock events and on
inventory calculation IAS
Complementary information for financial
report
Data
Extraction
Reporting IAS
Native data
Integrated data
Credit
Operating lease
Financial lease
Already present events such as contract
implementation, after sales …
Entry gate
General Ledger
September 2005 - 73
AGENDA
EKIP, services
September 2005 - 74
EKIP Services,
a flexible approach based on customer needs
Implementation services
(installation, integration, migration)
License
License
(Standard,
(Standard,
recurrent)
recurrent)
Training
(Standard or bespoke)
Change Management
ASP
ASP
Maintenance and Help desk
Complementary developments
Technical services
IT hosting / outsourcing
September 2005 - 75
AGENDA
EKIP, services
September 2005 - 76
The
of EKIP
We thank you
Reliable
financial
structure of
Linedata
Services
and interest
Package software
based on a Modular
Front to Back Approach
Leasing & Credit Finance
specialist
Proven
delivery
method for
single &
multicountry
projects
for your time
Your contact
Stefan Gysemberg
+33 1 46 11 72 29
+33 6 60 19 47 59
stefan.gysemberg@linedata.com
www.linedata.com
September 2005 - 77

EKIP - ALB

Transcription

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