• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Housing Technology Main Logo

Housing Technology

Housing | IT | Telecoms | Business | Ecology

  • Free Subscription
  • Contact
  • Home
  • Research
  • Magazine
  • Events
  • Awards
  • Recruitment
  • On Demand
Home / Magazine Articles / Cardiff Community Housing uses RAM for SORP compliance

Cardiff Community Housing uses RAM for SORP compliance

Real Asset Management has been helping Cardiff Community Housing Association with its compliance with continually-evolving SORP regulations and component accounting.

When the SORP regulations initially changed in 2010, CCHA was using Open Accounts combined with Excel spreadsheets to keep track of its assets. Not only was this time-consuming, it was susceptible to human error as well.

Paul Westwood, fixed asset accountant, Cardiff Community Housing Association, said, “We had to decide how we could manage our data better and keep it secure. We decided that a fully-automated system would not only be far easier to use, but it would give us a more detailed audit trail of all our assets and help us with component accounting.”

CCHA reviewed a number of asset management systems, including combined finance and asset packages and Open Accounts’ own fixed asset module. In the end, the housing provider chose Real Asset Management’s Asset4000 systems for its flexibility, ease of use, depth of functionality and integration with most accounting systems, including Open Accounts.

Westwood said, “Asset4000 has extensive component accounting functionality and quickly provides us with the data we require. It also enables us to have a clear audit trail so if mistakes are made we can trace them, fix them and put in place procedures to prevent them from recurring.

“Real Asset Management has made our asset management process both seamless and reliable, while saving us considerable time. We are now confident that our data is 100 per cent accurate and that we continue to comply with all SORP regulations, including SORP 2014 and the forthcoming FRS 102.”

CCHA has also implemented Real Asset Management’s Forecast4000 system which uses the data from Asset4000 for acquisition and disposal projections to enable it to calculate depreciation for any point in the future.

Westwood said, “We have really benefited from the real-time aspect of Asset4000 which provides us with information when we need it. And with Forecast4000, we can plan capital programmes without affecting the base data.

“You can theoretically do the same thing with a spreadsheet but it would be very time-consuming and complicated. Forecast4000 makes this process a lot simpler and we can easily separate data to consider options for specific asset categories and budgets.”

See More On:

  • Vendor: Real Asset Management
  • Housing Association: Cardiff Community Housing Association
  • Topic: Asset Management, Finance Management
  • Publication Date: 043 - January 2015
  • Type: News

Primary Sidebar

Most Recent Articles

  • Artificial intelligence in housing
  • Mobysoft – Data problems affecting complaints’ handling
  • Data, AI and private-sector strategies
  • Smart repairs & smarter homes
  • From firewalls to fortresses
  • Achieving three quick wins in AI
  • Rebuilding Selwood Housing’s IT infrastructure
  • Are you ready for organisational AI?
  • PIMSS releases AI Document Reader for compliance
  • Calico Homes cuts arrears with RentSense
  • FourNet launches digital transformation index
  • New income recovery software from Voicescape
  • Asprey Assets at YMCA
  • I love spreadsheets…
  • All watched over by machines of loving grace – AI assistants and adult social care
  • The rent revolution – The case for AI-powered payments
  • Unlocking safer living through data
  • Aareon acquires MIS ActiveH
  • Vericon launches MouldSense
  • Back to the future at Housing Technology 2025
  • FireAngel wins Which? Award
  • Maximising income and preventing homelessness
  • Anchoring digital innovation with Plentific
  • Cynon Taf Community Housing gets Housing Insight’s Arrears Manager
  • Tenants, AI & your biggest compliance risk
  • EDITOR’S NOTES – Data, standards & straight-through processing
  • AI as a social housing expert
  • South Yorkshire Housing halves arrears with Mobysoft
  • Bromford Flagship wins Aico’s smart-home competition
  • Putting VIVID’s customers in control of their tenancies

Footer

Housing Technology Main Logo
  • Instagram
  • LinkedIn
  • YouTube
  • Contact
  • Free Subscription
  • Book an event
  • Research
  • Update Your Subscription
  • Privacy Policy

Welcome to the housing Technology – Trusted Information For Business Professionals in HOusing

Housing Technology is the leading technology information service for the UK housing sector and local governments. We have always believed in the fundamental importance of how the UK’s social housing providers use technology to improve their tenants’ lives.

Subscribe to Housing Technology to gain market-leading research, unsurpassed peer networking opportunities and a greater understanding of your role to transform your business.

Copyright © The Intelligent Business Company 2025 | Terms and Conditions | Privacy Policy
Housing Technology is published by the The Intelligent Business Company. A company with limited liability. Registered in England No. 4958057 | Vat Registion No. 833 0069 55.

Registered Business Address: Hoppingwood Farm, Robin Hood Way, London, SW20 0AB | Telephone: +44 (0) 20 8336 2293