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Genie for the asset financier

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How CPU and Genie assist in education sales of laptops

How CPU and Genie assist in education sales of laptops

Published in: Economy & Finance, Business

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  • 1. CPU: Reducing Risk whilst Adding Value CPU Group Ltd [“CPU”] - Proposals for comprehensively de-risking educational laptop finance
  • 2.
    • Background to CPU
    • Headquartered in Cornhill, EC3 – the heart of the world’s leading insurance market
    • CPU introduced ‘Learning on the Move’ (LOTM) into the UK with HP and Apple in 2002
    • GENIE developed to satisfy our vision for sophisticated, web-based automated workflow system to facilitate asset finance & insurance in education and other sectors
    • designed also to meet the most rigorous standards of reporting. Provides complete transparency for fine-classing of risks, leading to confident, sustainable pricing
    • Systems Overview
    • A connective core (GENIE) links software suppliers, warranty & insurance providers, lenders, head & sub-lessees, repairers and asset managers.
    • Real-time reporting and supports automated follow-up.
    • On-line lease & insurance documentation provided
    • Sophisticated work-flow management
    THE COMPANY CPU: Established expertise
  • 3. CPU: Capacity to meet market needs - now EDUCATION SECTOR
    • Demand
    • HM Govt. previously provided £300m support in both 2009 and 2010 – helping disadvantaged school children obtain laptops for school. This won’t happen in coming years.
    • Learning in all three education tiers has become dependant on technology and this trend will continue despite the withdrawal of grants.
    • The Govt. support covered 15% of children in secondary education. So total demand in that tier is close to £2bn, with an annual refresh rate of £336m for the circa 560,000 pupils p.a. (3,448 secondary schools in Eng & Wales with circa 3.3m pupils) Source: www.cilt.org.uk/.../LAtables...
    Note: A further 1.8m students are in Higher Education [including 350,000 from overseas]) Demand ( £m )
  • 4. DELIVERY CPU: Experts in technology insurance & finance £?? a month
  • 5. COMPLEX RELATIONSHIPS . . . CPU: Relationship Management made simple “ A successful ‘learning on the move’ solution resolves a complex web of relationships, contracts, services and expertise.”
  • 6. . . . SIMPLIFIED CPU: Education sales made easy 2. A school/university specific communication plan designed 3. Communications plan agreed - CPU sets up web-site & URL 4. Launch date agreed – work starts on marketing and delivery collateral 5. LAUNCH – laptop orders taken etc 1. School/university signs up to the LOTM plan – notifies CPU
  • 7. CPU: Managing the complexities GENIE sends schedule to Head-Lessee for signature Genie asks Supplier to build equipt. ORDER PROCESS Supplier delivers to Head-Lessee Sub-Lease . Cancelled END Cancellation period Head Lease signed
  • 8. CPU: Managing the complexities SCREEN SHOTS Examples of the order process pages in GENIE
  • 9. Cancellation Period CPU: Secure Payment Systems PAYMENT FLOWS School opts into scheme School approved by Lease Co & signs head-lease Parents select equipment. Signs Direct Debit form. Makes 1 st payment (to school) by card Supplier delivers to school. Lease Co pays Supplier direct Parent makes 2 nd payment to school by Direct Debit. School makes first payment to Lease Co Day 1 Day 3 Days 7 - 21 Day 36 Day 37 - 51 Lease end Equipment returned to supplier, or bought by parent GENIE monitors payments to the school from 1 st card payment to final DD GENIE is made available Connecting school, supplier, funder, with on-line documents and workflow management
  • 10. Greg Gregory Principal, and designer for the ‘ Genie ’ concept. Greg G. has many years experience in leasing sales & ops, as well as arranging equipment insurance. He is passionate about automated workflows, and real-time, transparent reporting. Greg Parker Head of technical services and ‘ Genie ’ host. Greg P. builds, implements and maintains CPU systems on a reliable, resilient and secure platform. He has many years experience in systems design & coding, and runs his own systems boutique. David Hill FSA authorised intermediary and insurance administrator with offices in the City of London. He is a warranty specialist with extensive connections in warranty & asset protection markets, and takes responsibility for all CPU’s insurance arrangements. Paul Edmonds Finance industry professional with 30+yrs finance experience, with roles in training, sales, audit, and quality. Specialised in risk management since 1995 for Abbey, GE and Goldman Sachs, principally in credit assessment and ops. risk. Greg Gregory CPU: Strength through Experience MANAGEMENT TEAM Greg Parker David Hill Paul Edmonds
  • 11. CPU: Strength through Experience Mark is a Chartered Accountant with his own practice in Henley. One of the country’s leading VAT specialists, with particular expertise in the lease and insurance sectors, Mark chairs our board as a non-executive. ________________________________________________________________ Together, we believe we make CPU the choice for your education sector partner. (cont.) MANAGEMENT TEAM Mark Buffery
  • 12. CPU: Reliability you can trust Availability GENIE is available on-line 24 hours a day, 365 days a year. Development Standards: Systems designed to best web development practices in order to mitigate, e.g. SQL injection hacks and cross-site scripting. Software and systems development to the highest standards and released to separate off-line systems for testing before release to the live environment. Security Backups are made between all servers nightly. A tape backup is sent offsite to the Solutions Factory (in Wales) once per week, stored in a fire resistant safe. The platform has been subject to independent penetration testing. Resilience GENIE is hosted on 3 resilient servers all of which can operate independently if the others fail. Our servers are hosted at two separate sites in London, to reduce exposure to site or telecommunications failure. SYSTEMS RESILIANCE
  • 13. 75-77 Cornhill, London EC3V 3QQ Tel: 0845 872 2156 Fax: 0845 241 2168 Co. Reg. No: 3481787 CPU Group Ltd is an Appointed Representative of Advent Solutions Management Ltd., which is authorised and regulated by the Financial Services Authority CPU - Comprehensively de-risking IT finance

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