Ulster-based Habinteg Housing Association is using Real Asset Management’s Asset4000 software to ensure that the accounting of its £159 million assets is SORP compliant. Helen Blease, finance manager, Habinteg Housing Association, said, “We spent the past year developing a specialist spreadsheet solution to ensure that we were SORP compliant by the April 2012 deadline. However,…
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Asset Management
Component accounting partnership from PIMSS & RAM
Real Asset Management and PIMSS Data Systems have joined forces to deliver a SORP-compliant and component-level asset and maintenance management system. RAM and PIMSS hope that their partnership will bridge the different needs of finance departments and asset management teams when dealing with SORP compliance. The deadline for SORP compliance is April 2012, by which…
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RAM signs new customers for SORP & component accounting
Real Asset Management has announced that Cardiff Community Housing, South Yorkshire Housing Association and Worthing Homes are set to use its Asset4000 system to support component accounting and for compliance with the Statement of Recommended Practice (SORP) which takes effect from April 2012. Under the new SORP guidelines, housing providers will have to divide their…
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Southwark Council implements Asset4000
Southwark Council, London’s largest social landlord, is just about to start the implementation of Asset4000 to support component accounting for its £3.4 billion assets. Dennis Callaghan, chief accountant, Southwark Council, said, “The complexity of having to adopt IFRS accounting processes means that we need a tool to let us manage our assets at a more…
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Broadacres manages £160m assets with RAM
Yorkshire-based Broadacres Housing Association has chosen Asset4000 from Real Asset Management to manage its £160 million housing assets in line with the Statement of Recommended Practice (SORP) for component accounting. Richard Armitage, financial performance manager, Broadacres Housing Association, said, “At the moment we have a housing management system, but we knew that we would inevitably…
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Component accounting from Keystone
Asset management system provider Keystone has launched what it says is the first component accounting system specifically designed for the housing sector. Keystone Component Accounting is built within Keystone’s existing asset management database, removing the need to create new business processes and IT interfaces to update asset management and component accounting records. This implicit cross-reference…
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