With only three months to go until the deadline for SORP compliance, you may well have done (or not!) most of the work on your component accounting which is now sitting in a spreadsheet. You have perhaps read the articles about all-singing and all-dancing asset management systems (see Housing Technology, November 2011) and are now…
Keep it simple – How to solve your component accounting requirementsRead More →
Finance Management
Tackling tenancy fraud
The Audit Commission estimated the level of tenancy fraud as involving 50,000 properties in 2009, while official figures from the National Fraud Authority suggest that it costs the public purse £900 million a year, but fraud analysts believe the figure may be even higher. The topic of housing fraud is extremely high profile at the…
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Adactus Housing streamlines finance workflow with Invu
Adactus Housing Group has completed the first phase of its £86,000 implementation of a document management system from Invu to automate the processing of transactions from over 700 suppliers, including the digitisation of over 40,000 existing invoices. The Invu document management and workflow is now being used to remove as much manual intervention as possible…
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North Star development appraisals with SDS ProVal
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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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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