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Sapphire SunSystems Customer Newsletter

Ian Caswell - Managing Director |
Welcome to the first Sapphire SunSystems newsletter of 2008. I hope
that you enjoyed the holiday period and that the year is off to a
good start for you.
Many thanks to everyone
that took part in our annual customer survey. At Sapphire we have a
very simple business ethos: customer first. |
This is at the forefront of our thinking, our planning, our
communications and our actions - we strive to provide you with the
best service possible. The feedback that we receive in the annual
survey is a valuable source of information for us to ensure that
service levels are being kept in line with (and hopefully exceeding)
your expectations. Comments we received include:
“Thanks for all your
support this year, as usual the level of service has been first
class.”
“The user day I attended this year has been very useful. Please keep
informing me every year.”
“Thanks for all your help during the last year.”
I am pleased to announce that the winners of the prize draw are:
Winner:
Guy Burnett - Authentics Limited
Runners up:
Daniele Lionetti - National Geographic
Mark Leeming - Chartered Insurance Institute
Ali Mahmood - International Power
In addition you helped to raise nearly £800 for Children with
Leukaemia, so thank you very much.
Thanks also go to everyone that attended the User Day at the Museum
of Science and Industry in Manchester last November. The day was a
great success and was, as always, a great opportunity for us to get
together with our northern based customers and go over the latest
developments at both Sapphire and Infor.
Sapphire as an organisation continues to grow and the team is
expanding in numbers accordingly. Additions to the team include
Graeme Whorrall and Tom Hovell on the Support Desk. Marion Brady and
Anna Weston have both moved from the Consultancy Team to the Support
Desk – helping us keep the support offered by Sapphire second to
none!
I am always keen find out what you think of the Sapphire newsletter,
as well as any feedback you may have on Sapphire’s service to you as
a whole, so please email me your thoughts at
ian.caswell@sapphiresystems.co.uk.
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Tony Martin - Client Service Director |
Having worked for Sapphire
in the late 1980s I was delighted when, in October 2005 the
opportunity arose to renew my acquaintance. Sapphire had changed
since my first stint there; bigger, more people, more customers but
one thing had not changed: the ethos of delivering excellence in
customer service. |
My role on
rejoining was as interim Sales and Marketing Director. That job
always carries a degree of responsibility for quality service
delivery and I felt that there was a role for someone to work full
time in making sure that, as we grew, our clients continued to get
the high level of focus that you deserve. The appointment of David
Singh as Sales and Marketing Director in September 2007 gave the
board the opportunity to appoint me as Sapphire’s first Client
Service Director.
So what do I do? What is my job? Well principally it involves
working with the rest of the Sapphire team to ensure that you get
the best possible service. I liaise daily with Peter Brett, our
SunSystems Support Manager and his team; we have an escalation
procedure within Sapphire that is strictly adhered to and Peter and
I are aware of any calls that haven’t been solved in what we would
regard as a timely manner or mean input from Infor or other
suppliers.
I work closely with Sales and Marketing Director, David Singh, to
ensure that our team of Account Managers are engaging with you on a
regular basis and giving you the level and standard of attention
that you deserve. I also make it my business to join them on a
number of their account management meetings and I look forward to
seeing a number of you soon on those occasions. Likewise, I talk
daily to Services Director, Martin Royle, to ensure that the
delivery team are working with you and for you every time they
visit. I chair the monthly head of department meetings. This is to
make sure that, at all times, what we do is in the best interests of
you, our clients.
I have
introduced a number of initiatives over the last few months. These
have included:
Serialisation database – this records the serialisation dates of
your software, ensuring that we have ordered your re-serialisation
keys before the expiry date.
Support
log emails – You may have noticed that when a support call is closed
you now get an email from Sapphire, offering you the chance to
comment on how you felt the call was handled. This gives us the
chance follow up any individual issues as well as giving us
statistics that help us do our jobs.
I am
always looking for new and innovative ways that we can improve on
what we offer. If you have any thoughts, comments or ideas I would
be delighted to hear from you. If at any time you feel that the
level of service you are receiving from Sapphire is below what you
expect, please do not hesitate to contact me on: 020 7648 2000 or
at:
tony.martin@sapphiresystems.co.uk.
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These webinars are
free of charge to all our SunSystems Customers and all
that's required to participate is a phone line and an
internet connection. To enrol on any of the webinars listed
below please visit:
www.sapphiresystems.com/training_events/customer.htm
We look forward to welcoming you!
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Date: |
6th March 2008 |
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Title: |
Upgrading to 4.3 |
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Suitable for: |
SunSystems 4 users |
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Location: |
WEBINAR (10:30 -
11:15) |
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Enrol: |
click here |
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Overview: |
In this session
we’ll take a closer look at what is new and improved in
SunSystems 4.3, along with the benefits to you of upgrading
from SunSystems 4.2.6. |
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Date: |
6th March 2008 |
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Title: |
Vision 6 |
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Suitable for: |
Vision 5 users |
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Location: |
WEBINAR (11.45 -
12:30) |
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Enrol: |
click here |
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Overview: |
In this session
we’ll take a look at the difference between Vision 5 and
Vision 6, along with the benefits of upgrading to Vision 6. |
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Date: |
6th March 2008 |
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Title: |
SunSystems Collect |
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Suitable for: |
SunSystems users |
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Location: |
WEBINAR (14.15 -
15:15) |
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Enrol: |
click here |
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Overview: |
In this session we
will look at Collect which is a debtor management module
specifically designed to provide companies with unparalleled
credit management and debt collection functionality. |
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Date: |
6th March 2008 |
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Title: |
Upgrading to 5.3 |
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Suitable for: |
Suitable for users of SunSystems 4.2.6 and above |
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Location: |
WEBINAR (15:30 -
16.20) |
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Enrol: |
click here |
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Overview: |
In this session
we’ll take a closer look at what is new and improved in
SunSystems 5.3, along with the benefits to you of upgrading
from SunSystems 4 to SunSystems 5. |
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Date: |
6th March 2008 |
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Title: |
Upgrading to 5.3 |
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Suitable for: |
SunSystems 5 Users |
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Location: |
WEBINAR (16.45 -
17.15) |
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Enrol: |
click here |
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Overview: |
In this session
we’ll take a closer look at what is new and improved in
SunSystems 5 along with the benefits to you of upgrading
from SunSystems 5.1 or 5.2 to SunSystems 5.3 (latest
version). |
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Professional Advantage invites users to their iPOS User Group which
is open to all existing customers, of all levels.
The event is free of charge and will focus purely on the iPOS Suite,
new functionality changes and how to get the best out of what you
already have.
It will be a chance to network with other iPOS users and listen to
their experiences and talk to us, the product authors directly in an
open and frank environment.
Date: Thursday 13th March
Time: 9.30am – 1.30pm
Venue: The Bedford Suites, London
Register:
click here
Further information:
click here
Come and discover the real power of your iPOS eProcurement solution!
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The program is designed to
give you an introductory overview to
the solutions detailed below in
a format that offers you and your colleagues a time-efficient (and
carbon-neutral) learning environment. The web seminars are designed to
help you understand how Sapphire's range of solutions can help improve productivity, increase user satisfaction
and foster better internal controls across a variety of areas within
your organisation.
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Date: |
30th January 2008 |
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Title: |
Advanced Account
Inquiry |
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Suitable for: |
Advanced Account Inquiry Users |
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Location: |
WEBINAR (10:30 -
11:15) |
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Enrol: |
click here |
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Overview: |
Learn how to
use the Advanced Account Inquiry tool to create dynamic
links into the database to retrieve data, perform
calculations, drill down to transactions including JET
journals, Bank Reconciliation and Collect notes. |
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Date: |
6th February 2008 |
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Title: |
Reconciliation
Manager in SunSystems 4 - an introduction |
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Suitable for: |
SunSystems 4 Users |
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Location: |
WEBINAR (10:30 -
11:15) |
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Enrol: |
click here |
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Overview: |
An overview of the
Reconciliation Manager function. How to utilize it to
automate Bank Reconciliations, Inter-company reconciliations
and same account allocations. |
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Date: |
27th February 2008 |
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Title: |
Vision 6 XL Send
Data |
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Suitable for: |
Vision 6 Users |
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Location: |
WEBINAR (10:30 -
11:15) |
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Enrol: |
click here |
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Overview: |
Learn how to use
Data Send to upload static data into SunSystems using Vision
and Transfer Desk and upload transactions easily directly
into Sun. |
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Date: |
19th March 2008 |
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Title: |
5.3 Navigator and
User Group Menu Host |
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Suitable for: |
SunSystems 5.3 Users |
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Location: |
WEBINAR (10:30 -
11:15) |
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Enrol: |
click here |
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Overview: |
How to use the new
navigator and change the structures of the menus and
display. Create and customise menus to the requirements of
user groups and implement favourites lists for specific
users. |
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Date: |
9th April 2008 |
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Title: |
SunSystems Hints &
Tips Webinar - Collect Statements by E-mail |
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Suitable for: |
SunSystems 5.3 Users |
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Location: |
WEBINAR (10:30 -
11:15) |
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Enrol: |
click here |
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Overview: |
An introduction
into setting up and sending statements via E-mail for
Collect using Search Sets. |
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Date: |
30th April 2008 |
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Title: |
SunSystems Hints &
Tips Webinar – Fixed Asset Management in V5 |
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Suitable for: |
SunSystems 5.3 Users |
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Location: |
WEBINAR (10:30 -
11:15) |
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Enrol: |
click here |
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Overview: |
An introduction
into how you can manage your fixed Assets, loading initial
values and posting depreciation using depreciation
calculation or predefined depreciation tables for SunSystems
5. |
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Date: |
21st May 2008 |
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Title: |
SunSystems Hints &
Tips Webinar – Process Manager in V4 |
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Suitable for: |
SunSystems 4.3 Users |
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Location: |
WEBINAR (10:30 -
11:15) |
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Enrol: |
click here |
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Overview: |
An introduction
into business rules and how these can be used to ease data
entry, validate analysis combinations and display messages
and errors and use Transfer Manager to export data easily
based on different criteria. |
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Date: |
18th June 2008 |
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Title: |
SunSystems Hints &
Tips Webinar – Vision Alert, Exec & Net Enterprise |
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Suitable for: |
Vision 6 Users |
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Location: |
WEBINAR (10:30 -
11:15) |
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Enrol: |
click here |
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Overview: |
An introduction
into Vision Alert 6 and this can be used to schedule the
running of Executive reports which can then be published
using Net Enterprise Manager. |
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Date: |
23rd July 2008 |
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Title: |
SunSystems Hints &
Tips Webinar – Data Audit Configuration in V5 |
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Suitable for: |
SunSystems 5.3 Users |
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Location: |
WEBINAR (10:30 -
11:15) |
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Enrol: |
click here |
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Overview: |
An introduction
into Data Audit in SunSystems 5 and how maintenance plans
are configured and assigned to data tables in order to
produce an extract of records which have been created,
amended or deleted. |
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Date: |
10th September
2008 |
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Title: |
SunSystems Hints &
Tips Webinar – 4.3 and User Manager |
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Suitable for: |
SunSystems 4.3 Users |
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Location: |
WEBINAR (10:30 -
11:15) |
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Enrol: |
click here |
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Overview: |
An introduction to
what’s new in 4.3 and User Manager. This will include
integrated security and how operators and groups are now
managed, along with any new functionality that has been
introduced in latest release. |
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Free Webinars
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Title: |
Proactis: Spend
Control / Procurement |
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Dates: |
19.02.2008 |
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Time: |
10:00 - 11:00 |
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Enrol: |
click here |
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Overview: |
Take a look at
some of the failings of the typical corporate buying
process, and how the impact of a manual purchasing process
is felt right across the organisation. A live demonstration
of the Proactis solution will follow, highlighting how this
technology is increasingly being used to combat these
failures. |
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Title: |
Multi GAAP
Accounting for Junior Oil & Gas Organisations |
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Dates: |
29.01.2008 |
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Time: |
10:00 - 11:00 |
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Enrol: |
click here |
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Overview: |
This session will
discuss and demonstrate how the SunSystems Financial
Management solution lends itself particularly well to Junior
Oil & Gas companies, particularly those with multi GAAP
issues. Examples will show how from one single set of
postings, SunSystems can produce reports showing the
differing treatment of expenditure, according to specific
GAAP treatment. This presentation will be of particular
interest to those organisations who may be listed on AIM and
or TSX with operations elsewhere. |
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For the full
schedule please
click here
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Latest Course Schedule Now Available!
We are pleased to announce that the latest training courses
are now available from the Sapphire Training team. Please
click here to request
your copy.
Alternatively you can Please call our Training Advisor Sharon
Stevenson on 020 7684 2000 or email
training@sapphiresystems.co.uk
for more information. |
The cost per delegate per course is £345 + VAT including lunch and
course notes - receive 10% off when you book 3 or more people on
the same course!
Design your own Vision Course on the topics of your choice
for just £925 + VAT per day at your office, or £1380 + VAT at one of
Sapphire's Training Centres, for up to 6 people. Training can be
given on a copy of your own data at an extra charge if required.
Tailored training for your Finance Team will facilitate the
production of even better and more meaningful management reports,
helping you get the most from your solution and the best return on
your solution and training investment.
For information on any of our Training Courses you can call our
Training Advisor Sharon Stevenson on 020 7684 2000 or email
training@sapphiresystems.co.uk
for more information.
Last Minute Special Offers for these sessions: £299 (RRP £345):
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Date |
Course |
Solution |
Location |
RRP |
Now |
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Monday 4th February |
Ledger
Accounting |
SunSystems V4 |
London |
£345 |
£299 |
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Thursday 7th & Friday 8th
February |
System
Administration |
SunSystems V4 |
London |
£345 |
£299 |
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Friday 15th February |
SunSystems
Collect |
SunSystems |
London |
£345 |
£299 |
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Sapphire Systems plc
triumphs with the highest number of new customers for Infor
Financials in 2007. |
Sapphire was recently announced as the winner of the “FY07 Most New
Name Contract Wins” award, at the recent Infor Channel Partner event
in Barcelona.
Sapphire - an Infor FMS SunSystems Channel Partner since the
mid-1990s - is justifiably proud of its long and successful track
record that includes: the fastest growing SunSystems Channel Partner
in the World (2000-2001), the Global Number 1 SunSystems Channel
Partner for 5 consecutive years, along with the most recent
addition: the winner of the “FY07 Most New Name Contract Wins” award
for the most new customers for Financials solutions during the last
year in the EMEA region.
Commenting on winning the award Ian Caswell, Managing Director at
Sapphire said “I am delighted to see the hard work of our SunSystems
team recognised with this award. A good proportion of our new
business comes as a direct result of customer recommendations, which
is a great endorsement of the team’s dedication and expertise.”
He goes on to say “I am sure that our success is due to having a
dedicated SunSystems team; the team currently has a combined
experience of some 2,500 implementations, which gives our customers
access to one of the most knowledgeable teams of SunSystems
consultants in Europe Middle East & Africa. We are also proud to
have one of the highest ratios of Support Consultants to customers
in the industry.”
Steven Rees-Pullman, EMEA VP of channels for Infor, added, "We are
delighted with the first class service that Sapphire has provided
over the last 10 years of our relationship. We really value the deep
domain expertise of Sapphire's sales, professional services and
support staff and this latest award is a real testament to the depth
of this experience."
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Click here to download your free copy of this
Sapphire whitepaper
Introduction:
Few Finance Directors can truly say they have expenditure under
control. Few have visibility of costs and commitments and few can
proactively manage budgets.
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Even in
today's world of ERP, business intelligence and corporate
automation systems, few company executives can influence
what their organisation buys, from who - and on what terms.
When it comes to expenditure most company directors still
occupy a reactive management role. They have no real means
to tighten the corporate belt during tough times or even to
avert financial disaster before it occurs. |
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Yet the pressures
to improve corporate governance are greater than ever before. Major
corporate accounting scandals can make for a shaky economy.
Businesses are under heavy scrutiny, having to justify expenditure
and demonstrate control. Perhaps it is because of these increasing
pressures that a new wave of enterprise software is gaining
popularity.
More and more organisations are implementing Spend Control software
to take control of expenditure, improve cost-base visibility and
ensure that value for money is truly achieved.
This paper examines how Spend Control software is deployed across
some of the world's leading organisations, and in multiple business
sectors, tackling these problems head-on. Click here to download
your free copy.
Click here to download your free copy of this
Sapphire whitepaper
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Sapphire to supply and implement the
Proactis Spend Control solution at Moat Housing Association |
Sapphire Systems today announced that it is to supply and implement
the Proactis Spend Control solution at Moat, a housing association
based in the South East of England.
Located in Dartford, in the heart of the Thames Gateway and at the
centre of their operating area, Moat is one of the main deliverers
of affordable housing in three of the government's growth areas, as
well as many other important localities throughout the wider South
East.
As a result of an increase in both the size of the organisation and
the volume of purchase orders generated, Moat determined that a
formal system was required in order to maintain budgetary control
and expenditure. The management team at Moat set about sourcing a
purchase order processing system to manage the procure-to-pay
process.
Moat short-listed both the ‘Proactis’ and ‘Soprano’ systems before
making the decision that the Proactis Spend Control solution from
Sapphire would best fit the requirements of the business. The
Finance Team at Moat deemed that the proven track record of Proactis
would meet the needs of the organisation today and in the future,
with the sales ledger processing and dashboard reporting to be
integrated into Moat’s existing systems. Stuart McCreadie, Executive
Director of Finance and Corporate Services at Moat, went on to
comment “We were impressed with the positive referrals received from
other customers of Sapphire and the quality of the sales and support
offering.”
Once the Proactis Spend Control solution is up and running Moat
expects to see better management of resources, the ability to
process orders more efficiently and increased control over
expenditure.
Clare Howard, Account Manager at Sapphire, concludes “Proactis Spend
Control helps housing associations meet the requirements of
corporate compliance demanded both by legislation and best practice.
Finance Directors require instant cost-base visibility and there is
a need to have a procurement system across the organisation in order
to impose vital controls over spending, manage increased buying
power effectively and dispense with disparate systems.
In addition to this I think we will start to see more of a trend
towards automating typically inefficient paper intensive
purchase-to-pay processes, to bring savings from procedure
efficiencies and economies of scale. Organisations such as Moat are
leading the way to improved efficiency within the housing sector.”
About Proactis
Proactis is a specialist in Spend
Control software helping organisations achieve dramatic cost
savings, streamlined procurement and corporate compliance since
1996.
Proactis Spend Control is an advanced eProcurement solution that
moves responsibility to requesting users whilst maintaining complete
budgetary and sourcing control. It incorporates purchase-to-pay,
eSourcing, eCommerce and Supplier Relationship Management. Benefits
include cost-pipeline visibility, source consolidation, reduction in
maverick spend and major improvements to the month-end close cycle.
Proactis’ customer base has grown to more than 200 user
organisations across diverse industry sectors, including financial
services, Government and Not-for-Profit.
Proactis is headquartered in the United Kingdom, and is represented
throughout Europe and North America. It is listed on the Alternative
Investment Market (AIM) of the London Stock Exchange under the
symbol PHD.L
www.proactis.com
About Moat:
Moat is a housing association that has
provided affordable homes for people in the south east over the past
40 years. With particular strengths in affordable home ownership and
key worker housing, Moat also provides general needs homes for rent.
Employing 420 people and managing over 18,000 homes for rent and
shared ownership, Moat is one of the Housing Corporation’s
development partners and is also the government’s appointed HomeBuy
Agent in Kent, Essex and Sussex. Moat’s aim is to be a leading
housing association offering excellent customer service and building
high quality affordable homes within thriving communities.
www.moat.co.uk
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Sapphire to supply and implement the Proactis Spend Control
solution at Star Energy, an onshore UK oil producer |
Sapphire Systems today announces that it is to supply and implement
the Proactis Spend Control solution at Star Energy.
Star Energy develops and operates gas storage facilities via the
conversion of oil and gas fields. In addition to their gas storage
business, they own and operate 26 oil and gas fields within the UK.
Steve Pawson, Group Financial Controller at Star Energy, set about
sourcing a new procurement solution earlier this year as the company
had outgrown their existing system. Steve explained “The solution
that we were using wasn’t flexible enough for our needs as it was
really designed to be used by accountants rather than operationally
minded people. We were after a system that could be used with ease
throughout the company and also provide managers with real time
visibility of their departments’ and the company’s financial
commitments.”
Steve turned to Sapphire, providers of Star Energy’s SunSystems
financial accounting solution, to assist with the project. “Our
Sapphire Account Manager, Lucy Roberts, did a lot of the work in
identifying the procurement solution that would best fit our needs”
said Steve. “We found her assistance in helping us to meet our
requirements invaluable.”
In taking the decision to implement Proactis Steve said “Proactis
was deemed the most appropriate solution for Star Energy as it would
smooth the procurement process, cut paper use and give us an
intuitive interface that can be used effortlessly by everyone in the
company.” In addition, further requirements for managing expenses
and management of stores had been brought to light, both of which
can be handled by the Proactis solution. The Stores module in
Proactis enables users to take advantage of economies of scale with
functionality to manage storage and allocation of stock.
Once Proactis is in place Steve says “We are looking forward to
benefiting from peoples’ time being freed up, which will enable them
to focus on more value added activities.”
Lucy Roberts, Account Manager at Sapphire, adds “Proactis is great
for helping organisations take control of their costs, streamline
procurement and manage expenditure. It is very user-friendly and can
be customised to suit each individual user. Being a web-based
solution further enhances usability as it does not require key
members of staff to be in the office for authorisation purposes. We
are delighted to be working with Star Energy on this important
project which will facilitate their efficient operation for the
future.”
Terry Wilcox, commercial director at Proactis, says: “We are
delighted that Star Energy has chosen Sapphire and Proactis P2P to
control spend. We have designed P2P to make the purchasing process
as easy as possible for all types of user, whilst ensuring the right
controls are in place. This will deliver dramatic benefits in terms
of reductions in maverick spend, and an increase in use and
compliance.”
About Star Energy
Star Energy is an energy company with a primary focus on gas storage
development. Founded in 1999, Star Energy is the UK’s second largest
onshore oil producer and one of the main developers of underground
gas storage using depleted oil and gas reservoirs. Star Energy
employs over 150 people and has a turnover in excess of £50 million.
Their unique mix of resources, developments and skills, together
with their dedication to environmental soundness, is the paradigm of
an energy company for the 21st century.
www.starenergy.co.uk
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We can't escape climate change. It has infiltrated our daily
press reports. It is a mainstream subject in political
debate.
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While climate change is a natural phenomena that has taken
place over millennia, it is the speed with which the change is now
accelerating, and the huge contribution to climate change that is
now accepted as human-made that concerns us all. Niki Leahy FSN senior writer looks at the
impact of climate change on the role of the accountant.
The effects of disruptive weather patterns on flooded homes and
businesses in several parts of the UK this summer have been stark.
Climate change is both an economic and environmental challenge.
Swiss Re, the world's largest insurer estimate that annual global
damages from the effects of climate change could reach $150 billion
in less than ten years. The Society of Lloyds recently noted that
between the 1960's and 1990's the number of natural catastrophes
doubled, while insurance losses increased seven fold.
Risk aversion drives climate change up the business agenda, with a
majority of companies recognising that it at least poses regulatory
risks to their business. The recently published Fourth Carbon
Disclosure Project records that, “taking climate risks into account
is now becoming part of smart financial management. Failure to do so
may well be tantamount to an abdication of fiduciary responsibility
and indication of poor management”.
The effects of climate change on business are now becoming widely
documented, in terms of changes to markets, customers, supply chains
and demand curves. Climate change impacts business value by
encroaching on regulatory compliance, competitive position and
corporate reputation. The most prominent and immediate risk relating
to climate change is rising energy costs, and the emerging
monetization of carbon.
The
accountancy profession has a pivotal role in assessing, reporting
and auditing sustainability information. Measurements of the effects
of climate change and carbon management are integral to
sustainability accounting, particularly in the light of increased
director liability and board accountability for risk management. The
measurement and reporting of carbon emission output also has
implications for assurance and external verification procedures.
Carbon management requires a systematic and rigorous assessment of
the impact of greenhouse gas emissions on the organization's
commercial strategy, assets values, investments and operational
activities. Companies also need to assess the risks, threats and
opportunities for their business associated with operating in a
carbon constrained economy.
The disclosure of annual organisational output of greenhouse gas
emissions is becoming a standard reporting item for many businesses.
It directly related to the assessment and disclosure of visible and
potential corporate liabilities arising from climate change.
Effective carbon management requires a company to maximise the value
of its carbon assets, in order to capitalise on new low carbon
products and services, (including emissions trading). It also
requires the company to minimise the financial impact of its carbon
liabilities.
By placing a price on carbon, the 1997 Kyoto Treaty established a
rudimentary carbon economy. In the EU this is manifest in the
Emissions Trading Scheme, (EU ETS) which began in 2005, and which
will enter a second phase in 2008. The problems of the first phase
of the Scheme are well documented in terms of the over supply or
over issue of carbon allowances. The second phase of the Scheme aims
to reduce the amount of allowances available, tightening supply and
thereby encouraging companies to cut their carbon dioxide output. In
addition, the present UK government has promised to meet stricter
targets than those agreed at Kyoto on cutting greenhouse gas
emissions by 2010. Policy watchers expect that this burden will fall
on business sectors currently outside the remit of the EU ETS,
including aviation, retailing, leisure services, parts of the public
sector and non intensive small and medium sized business energy
users. Companies incorporated in the Scheme will need to keep
records of energy consumption from which targets for cutting usage
would be set by government.
Despite the current political wrangling over the allocation of
national carbon allowances, it is widely expected that the second
phase of the EU ETS will increase the regulatory burden and costs to
business associated with their output of GHG emissions. It will also
maximise the value of issued carbon allowances, thus giving firms
incentives to capitalise on potentially valuable assets and project
based carbon credits.
An EU company participating in the ETS should account for the
emissions allowances it receives from the regulator as intangible
assets. As it produces emissions, it needs to recognise a liability
for the obligation to deliver allowances to cover those emissions.
The accountant's role will be to integrate climate change and carbon
finance issues into mainstream investment decision making and
management strategy. This means accountants should estimate the
commercial risks of future carbon constraints, and their likely
impact upon corporate performance and shareholder value. The
effective management of carbon risk requires that any asset
divestiture, acquisition or alteration to operational plans is
assessed in terms of its impact on the output of GHG emissions. Due
diligence should also consider the impacts of GHG emissions and
other measures of sustainability on asset values.
Accountants are also developing standardised accounting tools to
incorporate GHG emissions & credits into balance sheet assets or
liabilities, as well as ensuring that actuarial guidance considers
all aspects of climate change. Guidance on accounting for GHG
emissions is increasingly included in tax planning and risk
management procedures, so that tax efficient mechanisms for dealing
with emissions credits are used.
Accountants are integral in the development of rating mechanisms for
carbon credits arising from emission reduction projects, and for
rating the credit quality of counterparties to emissions trades.
They are also responsible for developing quantitative tools for
incorporating carbon risks into debt ratings.
Accountants have a key role in the assessing the impact that
changing patterns of supply and demand for carbon will have on the
company's energy supplies. The accountancy function should also
evaluate the value to the organisation from reducing GHG emissions
via fuel switching and increased operational and energy efficiency.
This encompasses the investment appraisal of the company's energy
efficiency options, as well as potential investment in dedicated
electricity generating plants and combined heat and power
production. There are various commercially available integrated
planning models that assess forward price curves and material
impacts on asset valuation from variations to carbon emissions and
fuel costs. Carbon management implementation plans identify both
technical and enabling measures as well as feasibility studies
required to implement carbon reduction measures.
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Both the Climate Change Bill published earlier this year,
and the recently published UK energy white paper indicates
that businesses face increasing curbs on emissions of
greenhouse gases. These will incorporate both regulatory
measures as well as fiscal restraints. Future articles will
consider other economic instruments designed to minimise the
climate change impact of the business sector. Systematic
carbon management will increasingly offer companies
opportunities for driving strategic advantage and commercial
competitiveness. Incorporating carbon prices into mainstream
financial planning is here to stay. |
Sheehan continues, ”Our research showed that there are a number of
blunt Carbon Footprint Calculator tools available via the internet
but our new module is far more granular and tracks the actual
employee’s miles to generate a score as well as factoring in the
type of vehicle when calculating carbon emissions.”
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VISION
"Access Denied, serialization does not allow this application to
be used"
When attempting to recalculate (XL/Word) or extract (Executive) a
query definition, the message "Access Denied, serialization does not
allow this application to be used" is displayed.
The Vision user currently logged on to the application has not been
allocated to the Product / Vision application and this needs to be
done in Vision Setup.
How to make a negative value positive in Vision 6
Double click on the amount (e.g. Base Amount) that you have added to
the Output box to open the Extraction Type window and tick the
Reverse Sign box.
How to make a negative value positive in Vision XL 5
This can be done by either putting a ‘-‘(minus) after the ‘=’ in the
Vision formula or by using a User Defined Out with the following
formula: {LA\Base Amount}*-1
SUNSYSTEMS 4
Automatically setting the date for SunSystems login
If you log in as Sun Super User, there is a function ZP which allows
you to change system parameters. Here is an option for date which
allows you to set the date to today automatically by placing an “A”
in the date field, you enter login and password and sun launches.

Transferring Data
In each static data option you have the ability to transfer which
allows the export or import of data. If you transfer out chart of
accounts, you can make changes by opening the export file in a text
editor and transferring the amended data back in. This allows you to
find and replace if you need to make lots of changes without having
to edit each record within Sun.


SUNSYSTEMS 5
Useful settings in Operator Setup
As well as your user id and password this contains other settings
which can be useful and often overlooked. The date can be
automatically set to today or the user can be forced to enter this.
Also, the default business unit prevents the user being prompted
every time they access a function and the default budget can be set
in the case where a user predominantly works outside the Actuals
ledger “A”.

Copying data cell by
cell in all entry functions
In addition to the options to copy data using actions or form
properties, sun retains the information for an entry line until you
exit the function. So if you are entering analysis for a sales order
for example you can use F3 to populate each cell on the next line of
data, accounts, analysis etc and the data will be copied.

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