• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer
Housing Technology logo

Housing Technology

Housing | IT | Telecoms | Business | Ecology

  • Free Subscription
  • Search Archive
  • Home
  • Research
  • Magazine
  • Events
  • Recruitment
  • Blog
  • On Demand
  • Contact
Home / Magazine Articles / Component accounting for Viridian with Asset4000

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 implementation, the new system went live in March 2010. A spokesperson for Real Asset Management said that the value of the contract was £41,795.

Clare Togneri, financial reporting and taxation manager, Viridian Housing, explained, “The situation wasn’t ideal, but the system was manageable until the need to implement component accounting became more prevalent. To comply with IFRS and the Statement of Recommended Practice (SoRP), we needed a dedicated asset register in order to cope with the volume and intricacy of the data required.”

Asset4000 provides Viridian with component accounting detail and integration with its existing financial package, saving the finance team time and helping them manage the assets more effectively.

Togneri said, “The asset register gives us more transparent data and increased financial control. Now that the process has moved on from spreadsheets, it is less susceptible to human error. Importantly, the automation central to the system also saves the finance team time by reducing manual data input.

“We can also upload data files in large batches – hundreds of lines at a time – helping us make the process more efficient, and allowing us to spend more time on data analysis.”

See More On:

  • Vendor: Real Asset Management
  • Housing Association: Viridian Housing
  • Topic: Asset Management
  • Publication Date: 018 - November 2010
  • Type: News

Primary Sidebar

Most Recent Articles

  • Free cyber-defence tools from NCSC
  • Learning from history
  • Grand Union Housing gets connected with Aico HomeLink
  • The silences in the system: Predicting and preventing damp and mould
  • Looking back and to the future: Cyberthreats in social housing
  • Hyde signs repairs contract with Totalmobile
  • Fuelling high performance automation
  • Morgan Sindall’s Carbon Zero decarbonisation tool
  • An ethical approach to arrears
  • Housing and the ever-evolving workplace
  • Supporting residents with home safety risks
  • Less innovation & more service design at RHP
  • Ateb Group outsources IT help desks to Central Networks
  • Capital Letters partners with Evo Digital to tackle homelessness
  • Calico appoints M247 for digital transformation
  • 24/7 care requires 24/7 technology
  • Govtech trends for 2023
  • Are you ready for business process automation?
  • Lincoln council moves to the cloud with Civica
  • Why do IT business improvement projects fail?
  • Flagship and Ebrik launch augmented reality app
  • Following the golden thread
  • Setting the standard for carbon-monoxide protection
  • The business case for data
  • Digital twins – When, not if…
  • Using data to build communities
  • The cyber-security jigsaw’s missing piece – Managed detection & response
  • Cyber-security challenges in housing
  • Digitalising retrofits with SHDF & HomeLink
  • Tips for improving care and support

Footer

Housing Technology
  • Instagram
  • LinkedIn
  • Twitter
  • YouTube
  • Contact
  • Free Subscription
  • Book an event
  • Blog
  • Search All Articles
  • 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 2022 | 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

htc23 pop banner