Alpha has implemented dedicated fixed-asset accounting software from Real Asset Management to manage its property portfolio, replacing its previous spreadsheet-based and time-consuming processes. Gemma Livesey-Scicluna, assistant management accountant, Alpha, said, “Before buying RAM’s software, our assets were maintained in our housing management system with an import created annually which involved approximately four weeks’ work between…
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Real Asset Management
Lanarkshire Housing’s RAM component accounting
Lanarkshire Housing Association has implemented component accounting software from Real Asset Management in a drive to tighten its current processes and maintain compliance with FRS 102. LHA had reached a stage where its £28 million asset base, comprising myriad components such as land, roofs, windows, kitchens, heating systems and bathrooms, needed a more rigorous and…
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Real Asset Management bought by MRI Software
US-based MRI Software has announced that it has bought Real Asset Management, well-known in the housing sector for its asset management and component accounting software. Patrick Ghilani, chief executive officer, MRI Software, said, “Housing providers face the same challenges as other sectors around compliance and regulations related to asset management. By acquiring Real Asset Management,…
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Rural Housing’s component accounting with Real Asset Management
Rural Housing has implemented Real Asset Management’s component accounting software to improve its fixed asset management processes, replacing its previous Excel-based reporting. Elaine McGonigle, finance manager, Rural Housing, said, “RAM’s software encompasses all of the component accounting rules, including FRS 102 and SORP 2014. The integration with our finance system is a huge benefit and…
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Camphill Village Trust signs up RAM for component accounting
Camphill Village Trust is using Real Asset Management’s fixed asset software to improve the financial reporting for its 300 properties and implement component accounting under SORP guidelines. In future, the charity’s asset register will increase from 300 to almost 2,500 records under component accounting for which depreciation calculations and detailed reporting will be needed. Balbinder…
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RAM puts Abertay Housing on the road to FRS & SORP compliance
Abertay Housing Association has implemented component accounting software from Real Asset Management to ensure compliance with FRS 102/SORP accounting standards. The new software will replace its multiple spreadsheet-based processes and reduce the manual effort needed to manage its £24 million asset base. Marjorie Sloan, corporate services director, Abertay Housing Association, said, “We are looking forward…
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