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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Real Asset Management
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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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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Antonine’s SoRP compliance plans with RAM
Antonine Housing Association is implementing Real Asset Management’s Asset4000 component accounting software in readiness for the April 2012 deadline for SoRP compliance. From April 2012, housing providers will have to break their asset accounting down into individual components; anything that is currently deemed replaceable, such as a roof or bathroom, will count as an individual…
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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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