1484Finance and Accountancy Briefings

Finance and Accountancy Briefing

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Case Study - NorthgateArinso – accounting for pensions

Overview

Background

NorthgateArinso Pensions is a division of NorthgateArinso and provides Pension Administration Software and Services to in-house pensions departments as well as providing Outsourcing Pension Administration solutions. The organisation has 90 staff and has offices in Bristol, Marlow, Stoke and London. Key customers in the UK include Royal Mail, Clarks, Pearson, Rentokil, Associated British Foods, Michelin, Boots, Vauxhall, Thomson and BUPA.

Challenge/Requirements

Key challenge: Needed a new accounting platform to more efficiently manage its pensions funds and launch a hosted service to in-house pensions departments.

For several years NorthgateArinso Pensions relied on a combination of legacy systems and the use of spreadsheets to manage its pension fund accounts.

According to Pensions Divisional Director at NorthgateArinso, Keith Galliford:

“This approach proved both cumbersome and time-consuming and it was difficult to set up each new member scheme. There were two triggers for looking for an alternative that would enable us to consolidate the accounting onto a single system. The first was that we were looking to win new large contracts and secondly we wanted to offer a hosted accounting system that would enable in-house pensions departments to administer their pension fund accounts remotely.”

“We decided we needed a new accounting solution that was robust, flexible and could be integrated with our own pensions administration systems developed in-house.”

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