Asset management system provider Keystone has launched what it says is the first component accounting system specifically designed for the housing sector.
Keystone Component Accounting is built within Keystone’s existing asset management database, removing the need to create new business processes and IT interfaces to update asset management and component accounting records. This implicit cross-reference is claimed to not only reduce operating costs but also eliminate the potential for errors caused by systems and processes.
Jan Maes, technical director, Keystone, said, “The ability to automate the updates of component accounting records from events in asset management and property management systems will ensure that over time the component accounting records do not tell a different story to those held in asset management.
“Such certainty will give customers and their auditors peace of mind and ensure that the financial records are a true and fair reflection of the organisation’s assets.”
Keystone is offering its clients an ‘unmetered’ implementation service, with no caps on time or resources, as part of the fixed cost of buying its component accounting software.
