The Archives of Glitnir Bank – Rules and Legislation

Brynja Guðmundsdóttir CEO of Gagnavarslan / Azazo

Brynja profile

• Brynja Guðmundsdóttir

• Cand.oecon. in Business Administration from The University of Iceland

• CEO and Founder of Gagnavarslan / Azazo

Azazo profile

• Founded in Nov. 2007 as Gagnavarslan hf.

• The founder is Brynja Guðmundsdóttir

• Changing name in 2013 to become Azazo

• Fast growing company

• Employees are 50 today

• Prospects are good, great demand for our service

Azazo Mission

• Our mission is to work with our customers to gain more

effectiveness and efficiency in their business operation

• We provide complete solutions to our customers in managing

their information, both physical and digital, in an efficient way

Why did Glitnir Bank

choose us ?

Complete solution in

Information management

Scanning

Consulting services

Example

• We have been working for the Judicial Council for

many years

- We have been working with the judges of the

district courts and other staff

- We accomplished to decrease the formal

document from over 400 to about 80

• The Supreme Court is using CoreData ECM

Professional team

• We aim to recruit the best people in each field

• Well educated staff (Bachelor/Masters degree)

• High level of work experience

• Icelandic companies

• International companies

Milestones in the work with Glitnir Bank

• Oct. 2008 The Glitnir bank Resolution Committee and later the Winding Up

Board

• May 2009 Contract between Gagnavarslan (Azazo) and Glitnir Bank

• June 2009 CoreData Claims first version up and running

• June 2009 Consultants in Information Management from Gagnavarslan in

working both for the Winding Up Board and the Glitnir Bank Resolution

Committee

• Jan. 2011 CoreData ECM for other operation at Glitnir Bank

• One of the biggest bankrupt in the world

CoreData Claims

• Claims registration

• Transfer • Througout the lifetime of the claim, all transfers are dealt with effectively by the

system

• Processing • All information regarding each claim and the communication with creditors are filed

separately. The system can also send e-mail to large groups

• Decisions • All decisions regarding the claims and objections are recorded. Various lists can

be assembled and exported to Excel.

CoreData Claims

• Distribution • The system manages all information about relevant accounts and payments to

creditors.

• Success • In bankruptcy, time is essence and the Importance of using efficient, simple

system is essential

CoreData Claims

• Sequre Web-based system

• Works in any browser, ANYWHERE (also on smartphones and tablets)

• Multi-party access

• Simple interface and powerful search engine

• User friendly

CoreData Claims

• Customized language, different law structure

• Search engine – is excellent for retrieving text information from very large

sets of documents and finding related information

• Standard reports and any reports can be made upon request

• Access control with logged actions

Milestones in the work with Glitnir Bank

• Most of the claims was received on the last days

• The final day to receive claims Thursday 26th of November 2009

• On the Monday 30th of November 2009 all the claims had to been scanned

and recorded

• Creditors Meeting 17th of December 2009

• A list of claims lodged will be accessible to those who have submitted claims

against the bank at least one week prior to the above-mentioned meeting

• It was very important that we had a lot of employee´s that was expert to scan

and record. A lot of our staff was working for Glitni these last days so

everything would be ready on Monday 30th of November. And it did of course.

One of the key of a good project

• We are using Agile methods for our project management.

• We have a project management and also a steering committee.

• We split the project to sprints (duration 2-3 weeks).

• The steering committee had a meeting after each sprint

• The project management had a meeting at leach once a week.

• Glitnir had our mobile numbers and they could call us 24/7

• If they needed some service, we would start to work on it immediately

CoreData

Software Solutions

Customer testimonials

• Steinunn Guðbjartsdóttir, Supreme Court Attorney

and Chairman of the Winding-up Board of Glitnir

hf. said in a conference in Iceland “CoreData

Claims is the best system of the world”

“Security and service were our main concerns

when choosing a software provider.

CoreData

Software Solutions

Customer testimonials

We needed someone who was prepared to work

long hours and stay with us throughout the whole

process, always providing good service. During

these 4 years the system has been up and

running, we have had only positive experience of

CoreData Claim and the staff at Gagnavarslan.”

AZAZO

Valuable partner in the future of

information management

Thanks