Storyboard Text
- CLAMC
- Implementation guide
- PS / IT
- I've read the Implementation guide & there are a few things we need to do first
- Business users / Project team
- These security types are pre-configured for VAT. We don't need to do anything unless there are exceptions
- Pre-configured for VAT FI-00, 02, 12, 20, 21, 24OS-00, 03FU-01
- But we do need to configure the portfolios that we want HiPort to calc VAT
- Also now that HiPort can do the VAT calcs, we will need to update our GL posting rules & cost sheets
- I'll send you the details
- I've configured the portfolios & security exceptions.The new reference DROs show that HiPort has the correct setup. I've updated the cost sheet,...I think we're ready for UAT
- The reports produce the expected outcomes.The GL journals are correct...
- Wow SS&C have outdone themselves! The is so much faster than our manual process
- Mr Change Manager - the SOP's will need to be updated
- We will set up an automatic job to run the VAT calcs. But should document how users can run the process manually
- How will the users know the calculation outcomes?
- There's also 2 reports that can be run on-demand. We should include how to run those in the SOP
- There is a comprehensive ASCII report that's produced.
- Our transaction processing team will need their procedure updated - They need to inform the VAT team when they back date transactions
- The VAT team will need to run the VAT unwind process when this happens
- Does VAT need to be updated again?
- Once SS&C deliver phase 2 of the project, we will need to change this part of the SOP - the unwind will be automated. So the transaction team don't need to worry
- No the process will pick up from the unwind date
- We also need to introduce a new process for rec breaks between the custodian's and HiPort's values
- The SOP would have to detail how to use the VAT Adjustments function
- Looks like we're ready to train the users & put this into Production
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