North Star Housing Group is now using SDS ProVal from Shelton Development Services for all new property development appraisals, including those of its two operating companies, Teesdale Housing Association and Endeavour Housing Association. ProVal replaces North Star’s internally-developed spreadsheet tools for development appraisals. After an initial 30-day trial of SDS ProVal, the full system was…
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Finance Management
RAM reaches its century
Real Asset Management announced in December 2011 that it had reached a landmark figure of 100 customers from the social housing sector, with almost half of the contracts signed in 2011 alone due to the impending need for SORP compliance. Karen Conneely, marketing manager, Real Asset Management, said, “Changes in the SORP guidelines have undoubtedly…
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Selwood Housing aims for SORP compliance with RAM
Wiltshire-based Selwood Housing is using Asset4000 from Real Asset Management to control and categorise its £126 million property assets. The implementation of the IFRS-compliant asset management system is in preparation for the April 2012 deadline for component accounting. Sue Eley, head of finance, Selwood Housing, said, “Under the new SORP regulations, each of our assets…
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Home Group to save £7 million with EGS
Home Group is about to start a pilot project of a purchase-to-pay system from EGS which it hopes will save around £7 million over the next eight years. Once operational, the EGS system will be used by up to 1,000 Home Group staff. The new system, which comprises the full suite of EGS’s services, is…
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Future perspectives on asset management systems
Housing Technology interviewed a number of housing providers and IT suppliers on the use of asset management systems (AMS), the business and IT issues surrounding their implementation, purchasing criteria, and their integration with other existing ‘core’ business applications. By way of introduction, the National Housing Federation’s recently-published book, ‘Managing the assets – A guide for…
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Component accounting – leave it to the professionals
With the impending SoRP deadline looming in April 2012, housing providers are under increasing pressure to implement a model for component accounting that reduces costs and enables them to manage their assets more efficiently to ensure SoRP compliance. However, component accounting and asset management are often mistaken for the same thing in the housing sector,…
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