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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Real Asset Management
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…
Broadacres manages £160m assets with RAMRead More →
Component accounting for Viridian with Asset4000
Viridian Housing has chosen a dedicated asset management system to help its compliance with SORP and IFRS regulations, replacing its widespread reliance on spreadsheets. With assets of £960 million and 16,000 properties, the housing provider is using Asset4000 from Real Asset Management to create a central register of its 200,000 asset records. After a four-month…
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Easing the move to Component Accounting
The deadline for IFRS compliance may still be several years away for housing providers, but there is a clear requirement to begin to meet the demands of SoRP 2008 by the end of this financial year. Yet organisations are only now facing up to the enormity of the challenge, from the implications of component accounting…
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New partnership for iSoft and Real Asset Management
iSoft Business Solutions has announced a partnership with Real Asset Management which will see RAM’s Series4000 asset management system complementing the financial management and accounting functionalities of iSoft’s Integra Open Enterprise Suite. Eamonn Morris, managing director, iSoft Business Solutions, said, “We can now offer a complete accounting solution with a range of fixed asset management…
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Real asset management for RCT Homes’ £360m programme
As part of its £360m improvement programme, RCT Homes is using Real Asset Management’s Asset4000 system as a central asset register incorporating detailed component accounting. In December 2007, RCT Homes became the largest housing association in Wales when it took ownership of 10,000 homes from Rhondda Cynon Taf County Borough Council. RCT Homes’ immediate requirement…
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