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Cross-border IT: The quest for
pan-European asset finance administration systems
 A single cross-border IT platform has long been seen as the Holy Grail of pan-European technology. Nic Evans explores the realities of how successful software companies are in providing this at present.
Perhaps it is not a co-incidence that many global finance system initiatives have started from US-based companies. The US is well accustomed to the benefits of having a single system and common processes from Florida to Alaska. With this come the enormous economies of scale from a single service centre covering continental operations.
However, many attempts to replicate these benefits across European operations have not delivered the same benefits. The financial services division of one manufacturer is reported to have scrapped its global systems projects, writing off many tens of millions of dollars of development. At the same time many other major projects are reportedly running years behind schedule - and over budget. MORE...
News of a major research project on Asset Finance administration systems
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- Primary research from Asset Finance Europe and Invigors, in partnership to provide the definitive guide to Asset Finance Administration Systems for Europe
- Sponsored and designed with leading European lessors
- Comprehensive analysis of capabilities of asset finance systems
- Register now for more details
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Key capabilities for pan-European IT
Andrew Denton, Director, CHP Consulting
The biggest strategic efficiencies for pan-European systems will be gained by having systems designed from the ground up to support efficiently the diversity of different requirements of multi-national operations.
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How to manage a successful implementation
Emmanuel Gillet, CEO, Cassiopae
“For the customer, beyond the selection of a credible software vendor, it is important to select a good pilot site [where] lessors can build a global competency centre ”
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"In Poland, a deal may be written in dollars, the rentals will be invoiced in dollars, but the VAT has to be in zlotys.” Graham Tarrant of NetSol Technologies
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